Virtu Financial LLC Lowers Position in EOG Resources, Inc. $EOG

Virtu Financial LLC decreased its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 31.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 14,529 shares of the energy exploration company’s stock after selling 6,596 shares during the period. Virtu Financial LLC’s holdings in EOG Resources were worth $1,526,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Sivia Capital Partners LLC purchased a new stake in EOG Resources in the 2nd quarter worth $258,000. Quantbot Technologies LP bought a new position in shares of EOG Resources during the 2nd quarter valued at about $349,000. Gamco Investors INC. ET AL grew its position in shares of EOG Resources by 216.1% during the second quarter. Gamco Investors INC. ET AL now owns 6,560 shares of the energy exploration company’s stock valued at $785,000 after purchasing an additional 4,485 shares in the last quarter. NewEdge Advisors LLC grew its position in shares of EOG Resources by 2.0% during the second quarter. NewEdge Advisors LLC now owns 22,780 shares of the energy exploration company’s stock valued at $2,725,000 after purchasing an additional 444 shares in the last quarter. Finally, Sei Investments Co. increased its holdings in shares of EOG Resources by 4.4% in the second quarter. Sei Investments Co. now owns 362,446 shares of the energy exploration company’s stock worth $43,356,000 after purchasing an additional 15,250 shares during the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on EOG. Mizuho set a $157.00 target price on EOG Resources and gave the stock a “neutral” rating in a research report on Wednesday, May 27th. Williams Trading set a $177.00 price target on EOG Resources in a report on Monday, April 20th. Sanford C. Bernstein reduced their price objective on EOG Resources from $167.00 to $155.00 and set a “market perform” rating on the stock in a research note on Wednesday, May 20th. DA Davidson upped their price objective on EOG Resources from $148.00 to $153.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Finally, Roth Mkm reiterated a “neutral” rating and set a $136.00 target price on shares of EOG Resources in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and sixteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $156.32.

EOG Resources Stock Performance

EOG Resources stock opened at $130.05 on Friday. The company’s 50-day moving average price is $135.96 and its 200-day moving average price is $124.75. The company has a quick ratio of 1.53, a current ratio of 1.72 and a debt-to-equity ratio of 0.26. The company has a market cap of $69.27 billion, a PE ratio of 12.80 and a beta of 0.25. EOG Resources, Inc. has a twelve month low of $101.59 and a twelve month high of $151.87.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 EPS for the quarter, beating analysts’ consensus estimates of $3.23 by $0.18. The firm had revenue of $6.92 billion during the quarter, compared to the consensus estimate of $6.18 billion. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The firm’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same quarter last year, the firm earned $2.87 EPS. On average, equities research analysts forecast that EOG Resources, Inc. will post 16.63 EPS for the current fiscal year.

EOG Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be given a dividend of $1.02 per share. The ex-dividend date is Friday, July 17th. This represents a $4.08 dividend on an annualized basis and a yield of 3.1%. EOG Resources’s dividend payout ratio is 40.16%.

Insider Transactions at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 5,698 shares of the firm’s stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total value of $856,523.36. Following the completion of the sale, the chief operating officer directly owned 88,045 shares of the company’s stock, valued at $13,234,924.40. This trade represents a 6.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.14% of the stock is currently owned by company insiders.

EOG Resources 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.