Corient Private Wealth LLC Reduces Stock Holdings in EOG Resources, Inc. $EOG

Corient Private Wealth LLC lowered its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 6.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 399,699 shares of the energy exploration company’s stock after selling 27,470 shares during the quarter. Corient Private Wealth LLC owned 0.07% of EOG Resources worth $47,808,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. StrongBox Wealth LLC raised its stake in shares of EOG Resources by 1.9% in the second quarter. StrongBox Wealth LLC now owns 4,817 shares of the energy exploration company’s stock valued at $576,000 after acquiring an additional 88 shares during the period. ORG Partners LLC grew its holdings in EOG Resources by 45.1% during the 2nd quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock valued at $34,000 after purchasing an additional 88 shares during the last quarter. Ameriflex Group Inc. raised its position in EOG Resources by 31.6% in the 2nd quarter. Ameriflex Group Inc. now owns 379 shares of the energy exploration company’s stock worth $46,000 after purchasing an additional 91 shares during the period. Richardson Financial Services Inc. lifted its stake in EOG Resources by 2.0% in the second quarter. Richardson Financial Services Inc. now owns 5,032 shares of the energy exploration company’s stock worth $610,000 after purchasing an additional 98 shares during the last quarter. Finally, Pinnacle Bancorp Inc. boosted its position in shares of EOG Resources by 5.2% during the second quarter. Pinnacle Bancorp Inc. now owns 2,035 shares of the energy exploration company’s stock valued at $243,000 after buying an additional 100 shares during the period. 89.91% of the stock is currently owned by institutional investors.

EOG Resources Stock Performance

Shares of EOG stock opened at $101.83 on Wednesday. The firm has a market cap of $55.25 billion, a price-to-earnings ratio of 10.14, a PEG ratio of 8.02 and a beta of 0.49. EOG Resources, Inc. has a 52-week low of $101.69 and a 52-week high of $138.18. The company has a quick ratio of 1.43, a current ratio of 1.62 and a debt-to-equity ratio of 0.25. The company’s 50 day moving average is $107.74 and its 200 day moving average is $114.97.

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

EOG Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 16th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, January 16th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 4.0%. EOG Resources’s dividend payout ratio is presently 40.64%.

Wall Street Analyst Weigh In

EOG has been the subject of a number of research analyst reports. Siebert Williams Shank decreased their price target on EOG Resources from $155.00 to $145.00 and set a “buy” rating for the company in a research note on Monday, October 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 research report on Friday, December 5th. KeyCorp cut their price target on shares of EOG Resources from $140.00 to $138.00 and set an “overweight” rating on the stock in a report on Wednesday, September 3rd. Melius started coverage on shares of EOG Resources in a report on Wednesday, August 20th. They set a “buy” rating and a $173.00 price objective for the company. Finally, Jefferies Financial Group set a $145.00 price objective on shares of EOG Resources in a research report on Sunday, October 12th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seventeen have issued a Hold rating to the company. According to data from MarketBeat, EOG Resources currently has an average rating of “Hold” and a consensus price target of $139.29.

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.