Pekin Hardy Strauss Inc. Sells 2,285 Shares of EOG Resources, Inc. (NYSE:EOG)

Pekin Hardy Strauss Inc. cut its stake in EOG Resources, Inc. (NYSE:EOG) by 6.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,952 shares of the energy exploration company’s stock after selling 2,285 shares during the quarter. Pekin Hardy Strauss Inc.’s holdings in EOG Resources were worth $4,022,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Riverview Trust Co acquired a new stake in EOG Resources during the 2nd quarter worth $27,000. MFA Wealth Advisors LLC bought a new stake in EOG Resources in the 2nd quarter valued at $28,000. Gladius Capital Management LP acquired a new position in EOG Resources in the 2nd quarter worth $30,000. Sachetta LLC bought a new position in EOG Resources during the 4th quarter worth about $33,000. Finally, Triad Wealth Partners LLC acquired a new stake in shares of EOG Resources in the 2nd quarter valued at about $35,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s stock in a transaction 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 transaction, the chief operating officer now owns 35,058 shares in the company, valued at $4,434,135.84. The sale was disclosed in a document filed 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 stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $126.48, for a total transaction of $505,920.00. Following the sale, the chief operating officer now directly owns 35,058 shares in the company, valued at $4,434,135.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Charles R. Crisp sold 6,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total transaction of $816,400.00. Following the completion of the transaction, the director now owns 60,892 shares of the company’s stock, valued at $7,648,035.20. The disclosure for this sale can be found here. Insiders sold 21,537 shares of company stock valued at $2,751,612 in the last three months. Corporate insiders own 0.30% of the company’s stock.

EOG Resources Trading Up 1.9 %

Shares of NYSE:EOG opened at $121.67 on Tuesday. The stock has a market cap of $69.93 billion, a PE ratio of 9.61, a P/E/G ratio of 2.95 and a beta of 1.28. The company has a quick ratio of 1.89, a current ratio of 2.12 and a debt-to-equity ratio of 0.11. EOG Resources, Inc. has a 12-month low of $108.94 and a 12-month high of $139.67. The business has a 50 day moving average of $125.85 and a 200-day moving average of $126.39.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, August 1st. The energy exploration company reported $3.16 EPS for the quarter, beating the consensus estimate of $2.98 by $0.18. The business had revenue of $6.03 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the company posted $2.49 earnings per share. As a group, equities research analysts forecast that EOG Resources, Inc. will post 12.2 earnings per share for the current year.

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be paid a dividend of $0.91 per share. The ex-dividend date is Thursday, October 17th. This represents a $3.64 dividend on an annualized basis and a yield of 2.99%. EOG Resources’s dividend payout ratio (DPR) is presently 28.75%.

Wall Street Analysts Forecast Growth

EOG has been the subject of several recent research reports. Sanford C. Bernstein reduced their price objective on EOG Resources from $139.00 to $125.00 and set a “market perform” rating for the company in a research report on Wednesday, July 17th. Truist Financial reduced their price target on EOG Resources from $136.00 to $130.00 and set a “hold” rating for the company in a research report on Monday, July 22nd. Wolfe Research initiated coverage on shares of EOG Resources in a report on Thursday, July 18th. They issued a “peer perform” rating on the stock. Scotiabank cut their price objective on shares of EOG Resources from $155.00 to $150.00 and set a “sector perform” rating on the stock in a research report on Friday, July 12th. Finally, Bank of America reiterated a “buy” rating and issued a $151.00 price target on shares of EOG Resources in a research note on Friday, June 14th. Fourteen equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $143.58.

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.