EOG Resources, Inc. $EOG Stock Sold by Howard Capital Management LLC

Howard Capital Management LLC trimmed its position in EOG Resources, Inc. (NYSE:EOG) by 79.2% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,531 shares of the energy exploration company’s stock after selling 13,460 shares during the period. Howard Capital Management LLC’s holdings in EOG Resources were worth $486,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. BlackRock Inc. bought a new stake in EOG Resources in the second quarter valued at about $5,905,587,000. Dimensional Fund Advisors LP lifted its holdings in EOG Resources by 0.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,865,073 shares of the energy exploration company’s stock worth $848,228,000 after buying an additional 54,091 shares during the last quarter. Bank of New York Mellon Corp bought a new position in EOG Resources during the 2nd quarter worth approximately $654,899,000. Bank of America Corp DE bought a new position in EOG Resources during the 2nd quarter worth approximately $551,321,000. Finally, First Trust Advisors LP grew its position in shares of EOG Resources by 15.7% in the 1st quarter. First Trust Advisors LP now owns 3,446,002 shares of the energy exploration company’s stock worth $498,189,000 after acquiring an additional 468,090 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 9,039 shares of the stock in a transaction on Friday, September 25th. The stock was sold at an average price of $140.61, for a total value of $1,270,973.79. Following the sale, the chief operating officer directly owned 90,790 shares of the company’s stock, valued at $12,765,981.90. This trade represents a 9.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ezra Y. Yacob sold 35,942 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $152.10, for a total value of $5,466,778.20. Following the completion of the sale, the chief executive officer directly owned 242,451 shares in the company, valued at $36,876,797.10. This represents a 12.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 52,317 shares of company stock worth $7,823,480 in the last 90 days. 0.14% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. The Goldman Sachs Group reiterated a “neutral” rating and issued a $151.00 price target (up from $127.00) on shares of EOG Resources in a report on Monday, August 24th. UBS Group reissued a “buy” rating and set a $186.00 price target (up from $183.00) on shares of EOG Resources in a research report on Friday, October 9th. Scotiabank began coverage on EOG Resources in a research note on Wednesday. They set a “sector perform” rating and a $144.00 price objective on the stock. Truist Financial raised their price objective on EOG Resources from $153.00 to $160.00 and gave the stock a “hold” rating in a research note on Friday, October 2nd. Finally, Freedom Capital downgraded shares of EOG Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eighteen have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $160.56.

EOG Resources Stock Performance

Shares of EOG stock opened at $157.97 on Friday. The company has a market cap of $82.86 billion, a P/E ratio of 12.29, a PEG ratio of 0.57 and a beta of 0.36. The business has a 50 day moving average of $145.98 and a two-hundred day moving average of $140.29. EOG Resources, Inc. has a 52 week low of $101.59 and a 52 week high of $158.37. The company has a quick ratio of 1.68, a current ratio of 1.85 and a debt-to-equity ratio of 0.25.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share for the quarter, topping analysts’ consensus estimates of $4.97 by $0.10. The business had revenue of $8.62 billion for the quarter, compared to analysts’ expectations of $8.04 billion. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%. The business’s quarterly revenue was up 57.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.32 EPS. As a group, analysts anticipate that EOG Resources, Inc. will post 17.48 EPS for the current year.

EOG Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 16th will be given a dividend of $1.02 per share. The ex-dividend date is Friday, October 16th. This represents a $4.08 dividend on an annualized basis and a yield of 2.6%. EOG Resources’s payout ratio is currently 31.75%.

About EOG Resources

EOG Resources, Inc is an independent exploration and production company engaged in finding, developing, producing and marketing crude oil, natural gas liquids and natural gas. Its operations focus on large, high-quality onshore and international assets, supported by technical expertise in horizontal drilling and hydraulic fracturing.

The company’s principal U.S. activities are concentrated in major shale and onshore plays, including the Delaware Basin, Eagle Ford and other producing regions in Texas and the Rocky Mountains.