True North Advisors LLC Cuts Stake in EOG Resources, Inc. (NYSE:EOG)

True North Advisors LLC lessened its stake in EOG Resources, Inc. (NYSE:EOG) by 9.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,755 shares of the energy exploration company’s stock after selling 176 shares during the quarter. True North Advisors LLC’s holdings in EOG Resources were worth $224,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. MUFG Securities EMEA plc bought a new stake in shares of EOG Resources in the 4th quarter worth $5,443,000. TIAA Trust National Association raised its position in EOG Resources by 639.3% in the 4th quarter. TIAA Trust National Association now owns 57,636 shares of the energy exploration company’s stock worth $6,971,000 after buying an additional 49,840 shares during the last quarter. Dai ichi Life Insurance Company Ltd lifted its stake in EOG Resources by 15.3% during the 4th quarter. Dai ichi Life Insurance Company Ltd now owns 46,468 shares of the energy exploration company’s stock valued at $5,620,000 after acquiring an additional 6,154 shares during the period. L. Roy Papp & Associates LLP boosted its holdings in shares of EOG Resources by 18.3% during the 4th quarter. L. Roy Papp & Associates LLP now owns 168,354 shares of the energy exploration company’s stock valued at $20,362,000 after acquiring an additional 26,026 shares during the last quarter. Finally, AIA Group Ltd grew its stake in shares of EOG Resources by 128.0% in the fourth quarter. AIA Group Ltd now owns 10,203 shares of the energy exploration company’s stock worth $1,234,000 after acquiring an additional 5,728 shares during the period. Institutional investors own 89.91% of the company’s stock.

EOG Resources Price Performance

EOG stock traded up $1.71 during trading on Monday, reaching $123.76. The company’s stock had a trading volume of 460,048 shares, compared to its average volume of 3,293,608. The company has a quick ratio of 2.05, a current ratio of 2.32 and a debt-to-equity ratio of 0.13. The company’s fifty day moving average is $127.01 and its 200-day moving average is $122.21. The company has a market capitalization of $71.13 billion, a P/E ratio of 9.64, a price-to-earnings-growth ratio of 1.69 and a beta of 1.32. EOG Resources, Inc. has a 1 year low of $106.77 and a 1 year high of $139.67.

EOG Resources (NYSE:EOG) last released its earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.70 by $0.12. The firm had revenue of $6.12 billion during the quarter, compared to analysts’ expectations of $5.91 billion. EOG Resources had a return on equity of 24.83% and a net margin of 30.33%. The firm’s revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the business posted $2.69 earnings per share. On average, research analysts expect that EOG Resources, Inc. will post 12.07 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 2.94%. The ex-dividend date of this dividend is Wednesday, July 17th. EOG Resources’s dividend payout ratio (DPR) is presently 28.75%.

Insider Buying and Selling

In other news, CEO Ezra Y. Yacob sold 4,729 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $129.31, for a total transaction of $611,506.99. Following the completion of the transaction, the chief executive officer now owns 150,474 shares in the company, valued at $19,457,792.94. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Ezra Y. Yacob sold 4,729 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $129.31, for a total value of $611,506.99. Following the sale, the chief executive officer now owns 150,474 shares in the company, valued at $19,457,792.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Jeffrey R. Leitzell sold 7,802 shares of the stock in a transaction on Friday, May 10th. The shares were sold at an average price of $130.07, for a total transaction of $1,014,806.14. Following the transaction, the chief operating officer now owns 39,054 shares of the company’s stock, valued at approximately $5,079,753.78. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,512 shares of company stock worth $2,144,972. 0.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on EOG shares. StockNews.com upgraded shares of EOG Resources from a “hold” rating to a “buy” rating in a report on Thursday, May 9th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $145.00 price objective on shares of EOG Resources in a report on Tuesday, April 9th. KeyCorp increased their target price on EOG Resources from $147.00 to $157.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. Piper Sandler raised their target price on EOG Resources from $153.00 to $154.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 14th. Finally, Morgan Stanley increased their price objective on shares of EOG Resources from $132.00 to $133.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Thirteen analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $143.19.

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.