Davidson Investment Advisors Sells 8,122 Shares of EOG Resources, Inc. $EOG

Davidson Investment Advisors cut its holdings in EOG Resources, Inc. (NYSE:EOG) by 4.9% during the second quarter, Holdings Channel reports. The institutional investor owned 159,172 shares of the energy exploration company’s stock after selling 8,122 shares during the quarter. Davidson Investment Advisors’ holdings in EOG Resources were worth $20,649,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of EOG. Acumen Wealth Advisors LLC bought a new stake in EOG Resources during the fourth quarter worth about $25,000. SJS Investment Consulting Inc. lifted its holdings in shares of EOG Resources by 225.5% during the first quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock valued at $26,000 after purchasing an additional 124 shares during the last quarter. Prosperity Bancshares Inc bought a new stake in shares of EOG Resources in the 4th quarter worth approximately $26,000. Nemes Rush Group LLC bought a new stake in shares of EOG Resources in the 4th quarter worth approximately $30,000. Finally, Financial Life Planners purchased a new stake in shares of EOG Resources in the 1st quarter worth approximately $30,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Ezra Y. Yacob sold 35,942 shares of the company’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $152.10, for a total transaction of $5,466,778.20. Following the completion of the sale, the chief executive officer owned 242,451 shares in the company, valued at approximately $36,876,797.10. This represents a 12.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Morgan Stanley set a $157.00 price objective on EOG Resources and gave the company an “equal weight” rating in a research report on Wednesday, August 19th. Raymond James Financial reissued a “strong-buy” rating and issued a $183.00 target price on shares of EOG Resources in a research note on Monday, August 3rd. Citigroup restated a “neutral” rating and set a $150.00 price target (up from $141.00) on shares of EOG Resources in a report on Thursday. Freedom Capital lowered EOG Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Finally, Roth Capital reiterated a “neutral” rating and issued a $138.00 price target on shares of EOG Resources in a research note on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seventeen have issued a Hold rating to the company’s stock. According to MarketBeat, EOG Resources currently has an average rating of “Hold” and an average price target of $156.33.

EOG Resources Stock Down 0.7%

EOG opened at $143.53 on Friday. The stock has a market capitalization of $75.29 billion, a price-to-earnings ratio of 11.17, a PEG ratio of 0.53 and a beta of 0.25. The firm has a 50 day moving average price of $140.20 and a 200-day moving average price of $136.19. EOG Resources, Inc. has a twelve month low of $101.59 and a twelve month high of $153.67. 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 issued its earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.97 by $0.10. The company had revenue of $8.62 billion for the quarter, compared to analysts’ expectations of $8.04 billion. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The firm’s quarterly revenue was up 57.4% on a year-over-year basis. During the same quarter last year, the company posted $2.32 earnings per share. Equities research analysts forecast that EOG Resources, Inc. will post 16.87 earnings per share for the current year.

EOG Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 16th will be issued a $1.02 dividend. The ex-dividend date of this dividend is Friday, October 16th. This represents a $4.08 annualized dividend and a dividend yield of 2.8%. EOG Resources’s payout ratio is presently 31.75%.

About EOG Resources

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.