Axa S.A. Cuts Holdings in EOG Resources, Inc. (NYSE:EOG)

Axa S.A. decreased its position in EOG Resources, Inc. (NYSE:EOG) by 9.0% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 767,123 shares of the energy exploration company’s stock after selling 75,794 shares during the period. Axa S.A.’s holdings in EOG Resources were worth $96,558,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Riverview Trust Co bought a new position in shares of EOG Resources in the second quarter valued at approximately $27,000. MFA Wealth Advisors LLC bought a new position in EOG Resources in the 2nd quarter valued at $28,000. Gladius Capital Management LP bought a new position in EOG Resources in the 2nd quarter valued at $30,000. Triad Wealth Partners LLC purchased a new stake in shares of EOG Resources during the 2nd quarter valued at $35,000. Finally, Norwood Financial Corp purchased a new position in shares of EOG Resources in the 1st quarter worth about $37,000. Institutional investors own 89.91% of the company’s stock.

Insider Activity at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the company’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 completion of 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 legal filing with the SEC, which can be accessed through this link. In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $126.48, for a total transaction of $505,920.00. Following the completion of the sale, the chief operating officer now directly owns 35,058 shares in the company, valued at approximately $4,434,135.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Michael P. Donaldson sold 11,037 shares of EOG Resources stock in a transaction that occurred 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 in the company, valued at $9,615,375. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,537 shares of company stock valued at $2,751,612. Corporate insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on EOG. Bank of America restated a “buy” rating and set a $151.00 price objective on shares of EOG Resources in a report on Friday, June 14th. StockNews.com cut shares of EOG Resources from a “buy” rating to a “hold” rating in a report on Monday, September 16th. JPMorgan Chase & Co. dropped their price objective on EOG Resources from $143.00 to $135.00 and set a “neutral” rating on the stock in a research note on Thursday, September 12th. 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. Finally, UBS Group dropped their price objective on shares of EOG Resources from $167.00 to $154.00 and set a “buy” rating on the stock in a report on Wednesday, September 18th. Fourteen investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $142.89.

EOG Resources Stock Up 0.2 %

EOG stock opened at $127.95 on Wednesday. The company’s 50 day moving average is $125.48 and its 200 day moving average is $126.76. The stock has a market cap of $72.75 billion, a price-to-earnings ratio of 10.11, a price-to-earnings-growth ratio of 3.27 and a beta of 1.28. The company has a current ratio of 2.12, a quick ratio of 1.89 and a debt-to-equity ratio of 0.11. EOG Resources, Inc. has a 1-year low of $108.94 and a 1-year high of $139.67.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Thursday, August 1st. The energy exploration company reported $3.16 EPS for the quarter, topping analysts’ consensus estimates of $2.98 by $0.18. EOG Resources had a net margin of 30.33% and a return on equity of 25.42%. The firm had revenue of $6.03 billion for the quarter, compared to analyst estimates of $6.07 billion. During the same quarter in the prior year, the firm earned $2.49 EPS. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. Sell-side analysts predict that EOG Resources, Inc. will post 11.91 EPS for the current fiscal year.

EOG Resources Announces Dividend

The company also recently disclosed 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. The ex-dividend date is Thursday, October 17th. This represents a $3.64 annualized dividend and a dividend yield of 2.84%. EOG Resources’s dividend payout ratio (DPR) is presently 28.75%.

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.