Amalgamated Bank Sells 4,435 Shares of EOG Resources, Inc. (NYSE:EOG)

Amalgamated Bank trimmed its position in EOG Resources, Inc. (NYSE:EOG) by 3.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,921 shares of the energy exploration company’s stock after selling 4,435 shares during the period. Amalgamated Bank’s holdings in EOG Resources were worth $14,591,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in EOG. Aveo Capital Partners LLC lifted its holdings in shares of EOG Resources by 4.8% in the 4th quarter. Aveo Capital Partners LLC now owns 2,194 shares of the energy exploration company’s stock worth $265,000 after purchasing an additional 101 shares in the last quarter. Brown Advisory Inc. raised its holdings in EOG Resources by 1.0% during the fourth quarter. Brown Advisory Inc. now owns 38,095 shares of the energy exploration company’s stock worth $4,608,000 after buying an additional 394 shares during the last quarter. Hillsdale Investment Management Inc. bought a new position in shares of EOG Resources in the fourth quarter valued at $508,000. Coldstream Capital Management Inc. grew its holdings in shares of EOG Resources by 4.0% during the fourth quarter. Coldstream Capital Management Inc. now owns 5,196 shares of the energy exploration company’s stock valued at $628,000 after buying an additional 199 shares during the last quarter. Finally, Sachetta LLC bought a new stake in shares of EOG Resources during the fourth quarter worth about $33,000. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources Stock Performance

NYSE:EOG opened at $124.38 on Thursday. EOG Resources, Inc. has a 1 year low of $108.94 and a 1 year high of $139.67. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.12 and a quick ratio of 1.89. The business has a fifty day simple moving average of $125.76 and a two-hundred day simple moving average of $126.42. The company has a market capitalization of $71.48 billion, a P/E ratio of 9.82, a P/E/G ratio of 2.95 and a beta of 1.28.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.98 by $0.18. The business had revenue of $6.03 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the business posted $2.49 EPS. On average, analysts expect that EOG Resources, Inc. will post 12.2 earnings per share for the current year.

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 17th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend is Thursday, October 17th. EOG Resources’s dividend payout ratio (DPR) is presently 28.75%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on EOG shares. JPMorgan Chase & Co. dropped their price target on shares of EOG Resources from $143.00 to $135.00 and set a “neutral” rating on the stock in a research report on Thursday, September 12th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $147.00 target price on shares of EOG Resources in a research report on Wednesday, July 10th. Bank of America reissued a “buy” rating and issued a $151.00 price target on shares of EOG Resources in a research report on Friday, June 14th. 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 report on Friday, July 12th. Finally, Wolfe Research initiated coverage on shares of EOG Resources in a research note on Thursday, July 18th. They issued a “peer perform” rating for the company. Fourteen research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, EOG Resources presently has a consensus rating of “Hold” and an average price target of $142.89.

Insider Buying and Selling

In other news, 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 completion of the transaction, the executive vice president now directly owns 74,250 shares of the company’s stock, valued at $9,615,375. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Michael P. Donaldson sold 11,037 shares of the business’s stock in a transaction on 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 sale, the executive vice president now directly owns 74,250 shares in the company, valued at approximately $9,615,375. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 sale, the director now directly owns 60,892 shares in the company, valued at approximately $7,648,035.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,537 shares of company stock valued at $2,751,612. Company insiders own 0.30% of the company’s stock.

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.