Audent Global Asset Management LLC Sells 8,565 Shares of EOG Resources, Inc. $EOG

Audent Global Asset Management LLC reduced its position in EOG Resources, Inc. (NYSE:EOG) by 71.0% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 3,495 shares of the energy exploration company’s stock after selling 8,565 shares during the period. Audent Global Asset Management LLC’s holdings in EOG Resources were worth $392,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Cullen Capital Management LLC increased its holdings in shares of EOG Resources by 4.7% in the second quarter. Cullen Capital Management LLC now owns 576,470 shares of the energy exploration company’s stock worth $68,952,000 after buying an additional 25,753 shares during the period. Kiker Wealth Management LLC bought a new stake in EOG Resources in the second quarter valued at approximately $627,000. Railway Pension Investments Ltd boosted its stake in shares of EOG Resources by 6.9% during the second quarter. Railway Pension Investments Ltd now owns 449,100 shares of the energy exploration company’s stock valued at $53,717,000 after purchasing an additional 28,800 shares during the period. Vanguard Personalized Indexing Management LLC grew its holdings in shares of EOG Resources by 9.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 61,742 shares of the energy exploration company’s stock worth $7,386,000 after purchasing an additional 5,156 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in EOG Resources by 11.1% during the 3rd quarter. Nisa Investment Advisors LLC now owns 172,617 shares of the energy exploration company’s stock valued at $19,354,000 after buying an additional 17,195 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Up 0.0%

Shares of EOG Resources stock opened at $112.13 on Friday. The company has a 50-day simple moving average of $106.92 and a two-hundred day simple moving average of $111.80. EOG Resources, Inc. has a 52-week low of $101.59 and a 52-week high of $135.87. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.62. The stock has a market capitalization of $60.84 billion, a PE ratio of 11.17, a price-to-earnings-growth ratio of 9.68 and a beta of 0.49.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share for the quarter, topping analysts’ consensus estimates of $2.42 by $0.29. The company had revenue of $5.85 billion during the quarter, compared to analyst estimates of $5.48 billion. EOG Resources had a net margin of 24.49% and a return on equity of 19.80%. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period in the previous year, the business earned $2.89 EPS. On average, analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Friday, January 16th were issued a $1.02 dividend. The ex-dividend date was Friday, January 16th. This represents a $4.08 annualized dividend and a yield of 3.6%. EOG Resources’s dividend payout ratio (DPR) is currently 40.64%.

Insider Buying and Selling

In other EOG Resources news, COO Jeffrey R. Leitzell sold 2,000 shares of the business’s stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $105.68, for a total transaction of $211,360.00. Following the completion of the sale, the chief operating officer directly owned 54,979 shares in the company, valued at approximately $5,810,180.72. The trade was a 3.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

EOG has been the subject of a number of analyst reports. Raymond James Financial reiterated a “strong-buy” rating and set a $153.00 target price on shares of EOG Resources in a report on Wednesday, December 3rd. Royal Bank Of Canada set a $138.00 target price on EOG Resources and gave the company an “outperform” rating in a research note on Tuesday, January 13th. Johnson Rice decreased their target price on EOG Resources from $145.00 to $135.00 and set a “hold” rating for the company in a report on Friday, December 5th. UBS Group restated a “buy” rating and issued a $141.00 price objective (down from $144.00) on shares of EOG Resources in a report on Friday, December 12th. Finally, Piper Sandler set a $123.00 price target on shares of EOG Resources and gave the stock a “neutral” rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $134.07.

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.