Hudson Edge Investment Partners Inc. Lowers Holdings in EOG Resources, Inc. (NYSE:EOG)

Hudson Edge Investment Partners Inc. lessened its stake in EOG Resources, Inc. (NYSE:EOG) by 16.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 42,996 shares of the energy exploration company’s stock after selling 8,571 shares during the quarter. Hudson Edge Investment Partners Inc.’s holdings in EOG Resources were worth $5,412,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of EOG. Riverview Trust Co purchased a new stake in EOG Resources in the 2nd quarter worth approximately $27,000. MFA Wealth Advisors LLC acquired a new stake in EOG Resources during the second quarter valued at $28,000. Gladius Capital Management LP purchased a new position in EOG Resources in the second quarter valued at $30,000. Sachetta LLC acquired a new position in shares of EOG Resources in the fourth quarter worth about $33,000. Finally, Triad Wealth Partners LLC purchased a new stake in shares of EOG Resources during the 2nd quarter worth about $35,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Insider Buying and Selling at EOG Resources

In related news, EVP Michael P. Donaldson sold 11,037 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the completion of the sale, the executive vice president now directly owns 74,250 shares of the company’s stock, valued at approximately $9,615,375. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $126.48, for a total value of $505,920.00. Following the sale, the chief operating officer now owns 35,058 shares of the company’s stock, valued at $4,434,135.84. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Michael P. Donaldson sold 11,037 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $129.50, for a total value of $1,429,291.50. Following the transaction, the executive vice president now owns 74,250 shares of the company’s stock, valued at $9,615,375. The disclosure for this sale can be found here. Insiders have sold 21,537 shares of company stock worth $2,751,612 over the last quarter. 0.30% of the stock is currently owned by company insiders.

EOG Resources Trading Down 1.0 %

Shares of EOG stock traded down $1.20 on Friday, hitting $120.35. 3,144,135 shares of the stock traded hands, compared to its average volume of 3,138,585. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.89 and a current ratio of 2.12. EOG Resources, Inc. has a twelve month low of $108.94 and a twelve month high of $139.67. The firm’s 50-day moving average price is $126.66 and its two-hundred day moving average price is $126.08. The stock has a market capitalization of $69.17 billion, a PE ratio of 9.51, a PEG ratio of 3.22 and a beta of 1.28.

EOG Resources (NYSE:EOG) last posted its earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share for the quarter, beating the consensus estimate of $2.98 by $0.18. The company had revenue of $6.03 billion for the quarter, compared to analyst estimates of $6.07 billion. EOG Resources had a net margin of 30.33% and a return on equity of 25.42%. EOG Resources’s revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the business posted $2.49 EPS. As a group, analysts anticipate that EOG Resources, Inc. will post 12.2 EPS for the current year.

EOG Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be given a $0.91 dividend. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $3.64 dividend on an annualized basis and a yield of 3.02%. EOG Resources’s dividend payout ratio is currently 28.75%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on EOG shares. Truist Financial cut their price target on EOG Resources from $136.00 to $130.00 and set a “hold” rating for the company in a research note on Monday, July 22nd. Sanford C. Bernstein reduced their target price on EOG Resources from $139.00 to $125.00 and set a “market perform” rating for the company in a research note on Wednesday, July 17th. Piper Sandler dropped their price target on shares of EOG Resources from $154.00 to $147.00 and set an “overweight” rating on the stock in a research note on Thursday, August 15th. Susquehanna reduced their price objective on shares of EOG Resources from $159.00 to $158.00 and set a “positive” rating for the company in a research report on Wednesday. Finally, StockNews.com upgraded shares of EOG Resources from a “hold” rating to a “buy” rating in a research report on Monday, August 5th. Thirteen research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $143.95.

About EOG Resources

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.