EOG Resources, Inc. $EOG Shares Sold by Cambria Investment Management L.P.

Cambria Investment Management L.P. cut its stake in EOG Resources, Inc. (NYSE:EOG) by 6.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,999 shares of the energy exploration company’s stock after selling 5,222 shares during the quarter. Cambria Investment Management L.P.’s holdings in EOG Resources were worth $8,521,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of EOG. JCIC Asset Management Inc. purchased a new stake in shares of EOG Resources during the third quarter worth approximately $32,000. Twin Peaks Wealth Advisors LLC acquired a new position in EOG Resources in the 2nd quarter valued at $35,000. Salomon & Ludwin LLC lifted its holdings in EOG Resources by 122.8% in the 3rd quarter. Salomon & Ludwin LLC now owns 323 shares of the energy exploration company’s stock valued at $36,000 after purchasing an additional 178 shares in the last quarter. Quent Capital LLC purchased a new position in EOG Resources in the 3rd quarter valued at $37,000. Finally, Mountain Hill Investment Partners Corp. acquired a new stake in EOG Resources during the 3rd quarter worth $37,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Price Performance

NYSE:EOG opened at $137.65 on Thursday. EOG Resources, Inc. has a 52 week low of $101.59 and a 52 week high of $137.81. The stock’s fifty day moving average is $118.30 and its two-hundred day moving average is $112.78. The company has a market capitalization of $73.85 billion, a P/E ratio of 15.11, a P/E/G ratio of 3.67 and a beta of 0.44. The company has a quick ratio of 1.42, a current ratio of 1.63 and a debt-to-equity ratio of 0.27.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $0.07. The business had revenue of $5.64 billion during the quarter, compared to analysts’ expectations of $5.36 billion. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.The company’s revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the business posted $2.74 EPS. Equities analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Thursday, April 16th. EOG Resources’s dividend payout ratio (DPR) is 44.79%.

Insider Transactions at EOG Resources

In other news, CFO Ann D. Janssen sold 2,597 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $134.31, for a total value of $348,803.07. Following the sale, the chief financial officer directly owned 100,246 shares of the company’s stock, valued at approximately $13,464,040.26. The trade was a 2.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Jeffrey R. Leitzell sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $130.00, for a total transaction of $260,000.00. Following the completion of the transaction, the chief operating officer owned 88,045 shares in the company, valued at approximately $11,445,850. This represents a 2.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 10,371 shares of company stock valued at $1,294,698. Company insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on EOG shares. Stephens upped their target price on shares of EOG Resources from $138.00 to $139.00 and gave the stock an “equal weight” rating in a report on Thursday, February 12th. Scotiabank set a $123.00 price target on shares of EOG Resources and gave the stock a “sector perform” rating in a research note on Friday, January 16th. Susquehanna decreased their price target on shares of EOG Resources from $151.00 to $144.00 and set a “positive” rating on the stock in a research note on Thursday, February 26th. BMO Capital Markets boosted their price target on shares of EOG Resources from $120.00 to $140.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 3rd. Finally, KeyCorp cut shares of EOG Resources from an “overweight” rating to a “sector weight” rating in a research note on Friday, January 16th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seventeen have issued a Hold rating to the company’s stock. According to MarketBeat, EOG Resources presently has an average rating of “Hold” and an average price target of $138.23.

EOG Resources Company Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.