EOG Resources, Inc. $EOG Shares Sold by Compass Wealth Management LLC

Compass Wealth Management LLC reduced its holdings in EOG Resources, Inc. (NYSE:EOG) by 11.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,681 shares of the energy exploration company’s stock after selling 3,847 shares during the quarter. Compass Wealth Management LLC’s holdings in EOG Resources were worth $4,089,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. BlackRock Inc. bought a new position in shares of EOG Resources in the second quarter worth $5,905,587,000. Dimensional Fund Advisors LP increased its holdings in shares of EOG Resources by 0.9% during the first quarter. Dimensional Fund Advisors LP now owns 5,865,073 shares of the energy exploration company’s stock valued at $848,228,000 after purchasing an additional 54,091 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of EOG Resources during the second quarter valued at $654,899,000. Bank of America Corp DE bought a new stake in shares of EOG Resources during the second quarter valued at about $551,321,000. Finally, First Trust Advisors LP raised its stake in shares of EOG Resources by 15.7% during the first quarter. First Trust Advisors LP now owns 3,446,002 shares of the energy exploration company’s stock valued at $498,189,000 after purchasing an additional 468,090 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

EOG Resources Trading Down 0.1%

Shares of EOG Resources stock opened at $157.79 on Friday. The company has a quick ratio of 1.68, a current ratio of 1.85 and a debt-to-equity ratio of 0.25. The firm has a market cap of $82.76 billion, a price-to-earnings ratio of 11.73, a price-to-earnings-growth ratio of 0.56 and a beta of 0.36. The business has a fifty day simple moving average of $147.21 and a 200-day simple moving average of $140.65. EOG Resources, Inc. has a fifty-two week low of $101.59 and a fifty-two week high of $160.31.

EOG Resources (NYSE:EOG) last announced its earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share for the quarter, beating the consensus estimate of $4.97 by $0.10. The business had revenue of $8.62 billion during 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 company’s quarterly revenue was up 57.4% on a year-over-year basis. During the same quarter last year, the business posted $2.32 earnings per share. On average, equities analysts forecast that EOG Resources, Inc. will post 17.48 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Friday, October 16th. EOG Resources’s dividend payout ratio is presently 31.75%.

Wall Street Analyst Weigh In

EOG has been the topic of several research analyst reports. Seaport Research Partners assumed coverage on shares of EOG Resources in a research note on Thursday, September 3rd. They set a “neutral” rating on the stock. Wall Street Zen raised shares of EOG Resources from a “hold” rating to a “buy” rating in a research note on Saturday, September 26th. JPMorgan Chase & Co. reduced their price target on shares of EOG Resources from $148.00 to $142.00 and set a “neutral” rating for the company in a research note on Tuesday, June 30th. Stifel Nicolaus initiated coverage on shares of EOG Resources in a report on Thursday, September 10th. They issued a “hold” rating and a $158.00 price objective for the company. Finally, Susquehanna raised their price objective on shares of EOG Resources from $170.00 to $187.00 and gave the company a “positive” rating in a research note on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and seventeen have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $161.24.

Insider Activity

In other news, CEO Ezra Yacob sold 35,942 shares of the firm’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $152.10, for a total transaction of $5,466,778.20. Following the completion of the transaction, the chief executive officer owned 242,451 shares in the company, valued at approximately $36,876,797.10. This trade represents a 12.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Jeffrey Leitzell sold 9,039 shares of EOG Resources stock in a transaction that occurred on Friday, September 25th. The stock was sold at an average price of $140.61, for a total transaction of $1,270,973.79. Following the completion of the transaction, the chief operating officer directly owned 90,790 shares in the company, valued at $12,765,981.90. This represents a 9.05% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 52,317 shares of company stock worth $7,823,480. Corporate insiders own 0.14% of the company’s stock.

EOG Resources Profile

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.