Oxbow Advisors LLC Sells 43,901 Shares of EOG Resources, Inc. (NYSE:EOG)

Oxbow Advisors LLC trimmed its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 52.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 39,238 shares of the energy exploration company’s stock after selling 43,901 shares during the quarter. Oxbow Advisors LLC’s holdings in EOG Resources were worth $4,939,000 at the end of the most recent quarter.

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

Insider Buying and Selling

In other EOG Resources news, EVP Michael P. Donaldson sold 11,037 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were 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 directly owns 74,250 shares of the company’s stock, valued at $9,615,375. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other EOG Resources news, Director Charles R. Crisp sold 6,500 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total value of $816,400.00. Following the transaction, the director now owns 60,892 shares of the company’s stock, valued at $7,648,035.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Michael P. Donaldson sold 11,037 shares of the business’s stock in a transaction dated 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 sold a total of 21,537 shares of company stock valued at $2,751,612 over the last ninety days. Insiders own 0.30% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on EOG. StockNews.com upgraded shares of EOG Resources from a “hold” rating to a “buy” rating in a report on Monday, August 5th. Truist Financial dropped their price objective on EOG Resources from $136.00 to $130.00 and set a “hold” rating on the stock in a research note on Monday, July 22nd. Royal Bank of Canada restated a “sector perform” rating and set a $147.00 target price on shares of EOG Resources in a research note on Wednesday, July 10th. KeyCorp assumed coverage on EOG Resources in a research report on Thursday, June 27th. They issued an “overweight” rating and a $157.00 price target on the stock. Finally, Mizuho raised their price objective on shares of EOG Resources from $140.00 to $156.00 and gave the stock a “buy” rating in a research note on Monday, May 13th. Thirteen analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, EOG Resources currently has a consensus rating of “Hold” and an average target price of $143.95.

EOG Resources Trading Down 1.0 %

EOG stock traded down $1.20 during trading on Friday, hitting $120.35. The company had a trading volume of 3,144,135 shares, compared to its average volume of 3,138,585. The firm has a 50-day moving average price of $126.66 and a 200-day moving average price of $125.99. EOG Resources, Inc. has a 12 month low of $108.94 and a 12 month high of $139.67. The company has a quick ratio of 1.89, a current ratio of 2.12 and a debt-to-equity ratio of 0.11. The stock has a market cap of $69.17 billion, a price-to-earnings ratio of 9.51, a PEG ratio of 3.22 and a beta of 1.30.

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

EOG Resources Announces Dividend

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

EOG Resources Profile

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.