EOG Resources, Inc. $EOG Shares Sold by Alamar Capital Management LLC

Alamar Capital Management LLC reduced its stake in EOG Resources, Inc. (NYSE:EOG) by 31.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 19,864 shares of the energy exploration company’s stock after selling 9,137 shares during the quarter. Alamar Capital Management LLC’s holdings in EOG Resources were worth $2,227,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of EOG. JCIC Asset Management Inc. acquired a new stake in shares of EOG Resources during the third quarter worth $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 increased its stake 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 buying an additional 178 shares during the period. Quent Capital LLC purchased a new position in EOG Resources during the 3rd quarter worth $37,000. Finally, Mountain Hill Investment Partners Corp. acquired a new stake in shares of EOG Resources in the 3rd quarter worth $37,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

EOG has been the topic of several analyst reports. Capital One Financial lowered their target price on shares of EOG Resources from $131.00 to $130.00 and set an “overweight” rating on the stock in a report on Thursday, January 8th. Royal Bank Of Canada set a $138.00 price target on shares of EOG Resources and gave the stock an “outperform” rating in a report on Tuesday, January 13th. JPMorgan Chase & Co. raised their price objective on shares of EOG Resources from $115.00 to $125.00 and gave the company a “neutral” rating in a research report on Thursday, February 26th. The Goldman Sachs Group lowered their price objective on EOG Resources from $125.00 to $123.00 and set a “neutral” rating on the stock in a report on Thursday, January 22nd. Finally, Raymond James Financial boosted their target price on EOG Resources from $153.00 to $157.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seventeen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, EOG Resources presently has an average rating of “Hold” and a consensus target price of $135.31.

Insider Activity at EOG Resources

In related news, 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 value of $260,000.00. Following the sale, the chief operating officer owned 88,045 shares in the company, valued at $11,445,850. This represents a 2.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last 90 days, insiders sold 7,774 shares of company stock worth $945,895. 0.13% of the stock is owned by insiders.

EOG Resources Stock Performance

Shares of EOG opened at $131.74 on Monday. 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, Inc. has a 52-week low of $101.59 and a 52-week high of $134.00. The company has a 50-day simple moving average of $113.78 and a 200-day simple moving average of $112.08. The company has a market capitalization of $70.68 billion, a PE ratio of 14.46 and a beta of 0.44.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Tuesday, February 24th. The energy exploration company reported $2.27 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.07. EOG Resources had a net margin of 22.00% and a return on equity of 18.67%. The firm had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.36 billion. During the same quarter in the previous year, the firm earned $2.74 earnings per share. The firm’s revenue was up .9% on a year-over-year basis. Equities research analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th will be given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Thursday, April 16th. EOG Resources’s dividend payout ratio (DPR) is presently 44.79%.

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.