Fulcrum Capital LLC Sells 5,896 Shares of EOG Resources, Inc. $EOG

Fulcrum Capital LLC trimmed its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 13.0% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 39,291 shares of the energy exploration company’s stock after selling 5,896 shares during the quarter. Fulcrum Capital LLC’s holdings in EOG Resources were worth $5,680,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Acumen Wealth Advisors LLC purchased a new position in shares of EOG Resources in the 4th quarter valued at $25,000. SJS Investment Consulting Inc. lifted its stake in shares of EOG Resources by 225.5% during the 1st quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock worth $26,000 after purchasing an additional 124 shares during the last quarter. Prosperity Bancshares Inc bought a new stake in EOG Resources during the fourth quarter valued at about $26,000. Nemes Rush Group LLC bought a new stake in EOG Resources during the fourth quarter valued at about $30,000. Finally, Financial Life Planners purchased a new position in EOG Resources in the first quarter valued at about $30,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Up 0.4%

EOG stock opened at $134.03 on Friday. The firm’s fifty day simple moving average is $135.59 and its 200-day simple moving average is $127.33. The company has a market capitalization of $71.39 billion, a P/E ratio of 13.19 and a beta of 0.25. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.72 and a quick ratio of 1.53. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $151.87.

EOG Resources (NYSE:EOG) last issued its earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.23 by $0.18. The firm had revenue of $6.92 billion during the quarter, compared to analysts’ expectations 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 was up 22.1% compared to the same quarter last year. During the same quarter last year, the company posted $2.87 earnings per share. As a group, equities research analysts forecast that EOG Resources, Inc. will post 16.19 earnings per share for the current year.

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be paid a $1.02 dividend. The ex-dividend date is Friday, July 17th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.0%. EOG Resources’s dividend payout ratio is presently 40.16%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Roth Capital reissued a “neutral” rating and set a $136.00 target price on shares of EOG Resources in a research report on Wednesday, May 6th. Wall Street Zen raised shares of EOG Resources from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Mizuho set a $157.00 target price on EOG Resources and gave the company a “neutral” rating in a research report on Wednesday, May 27th. UBS Group reduced their target price on EOG Resources from $168.00 to $158.00 and set a “buy” rating for the company in a research note on Thursday, July 2nd. Finally, Zacks Research cut EOG Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and sixteen have assigned a Hold rating to the stock. According to MarketBeat, EOG Resources presently has an average rating of “Moderate Buy” and an average price target of $155.04.

About EOG Resources

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.