Clarus Group Inc. Lowers Position in EOG Resources, Inc. (NYSE:EOG)

Clarus Group Inc. lowered its position in EOG Resources, Inc. (NYSE:EOG) by 4.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,949 shares of the energy exploration company’s stock after selling 84 shares during the period. Clarus Group Inc.’s holdings in EOG Resources were worth $240,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in EOG. Allspring Global Investments Holdings LLC boosted its stake in shares of EOG Resources by 3.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,653,922 shares of the energy exploration company’s stock valued at $326,247,000 after buying an additional 79,988 shares in the last quarter. Vest Financial LLC boosted its holdings in EOG Resources by 19.9% during the third quarter. Vest Financial LLC now owns 214,756 shares of the energy exploration company’s stock worth $26,400,000 after buying an additional 35,613 shares in the last quarter. OLD National Bancorp IN increased its holdings in EOG Resources by 2.5% in the third quarter. OLD National Bancorp IN now owns 73,151 shares of the energy exploration company’s stock valued at $8,992,000 after buying an additional 1,793 shares in the last quarter. DMC Group LLC lifted its position in shares of EOG Resources by 2.5% during the 3rd quarter. DMC Group LLC now owns 9,417 shares of the energy exploration company’s stock valued at $1,158,000 after acquiring an additional 234 shares during the period. Finally, Cedrus LLC grew its holdings in shares of EOG Resources by 14.4% in the 3rd quarter. Cedrus LLC now owns 2,971 shares of the energy exploration company’s stock worth $365,000 after acquiring an additional 375 shares during the period. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Wall Street Analyst Weigh In

EOG has been the subject of several recent research reports. Royal Bank of Canada restated a “sector perform” rating and set a $145.00 target price on shares of EOG Resources in a report on Monday, October 14th. Piper Sandler decreased their price target on shares of EOG Resources from $154.00 to $147.00 and set an “overweight” rating on the stock in a research note on Thursday, August 15th. KeyCorp reduced their price objective on shares of EOG Resources from $157.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Wolfe Research assumed coverage on EOG Resources in a research note on Thursday, July 18th. They issued a “peer perform” rating on the stock. Finally, Barclays dropped their price objective on shares of EOG Resources from $144.00 to $137.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 3rd. Fourteen investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $141.20.

Insider Transactions at EOG Resources

In other news, EVP Michael P. Donaldson sold 11,037 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the completion of the transaction, the executive vice president now directly owns 74,250 shares in the company, valued at $9,615,375. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other EOG Resources news, Director Charles R. Crisp sold 6,500 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total value of $816,400.00. Following the sale, the director now owns 60,892 shares of the company’s stock, valued at approximately $7,648,035.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Michael P. Donaldson sold 11,037 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $129.50, for a total value of $1,429,291.50. Following the completion of the transaction, the executive vice president now owns 74,250 shares of the company’s stock, valued at $9,615,375. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,537 shares of company stock worth $2,751,612 in the last three months. Insiders own 0.30% of the company’s stock.

EOG Resources Price Performance

NYSE EOG traded down $0.70 during trading on Monday, reaching $125.92. 880,489 shares of the company traded hands, compared to its average volume of 3,169,122. EOG Resources, Inc. has a 1-year low of $108.94 and a 1-year high of $139.67. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.89 and a current ratio of 2.12. The stock’s 50 day moving average price is $126.24 and its two-hundred day moving average price is $127.06. The company has a market cap of $72.37 billion, a price-to-earnings ratio of 10.00, a P/E/G ratio of 3.38 and a beta of 1.28.

EOG Resources (NYSE:EOG) last announced its earnings results on Thursday, August 1st. The energy exploration company reported $3.16 EPS for the quarter, topping the consensus estimate of $2.98 by $0.18. EOG Resources had a return on equity of 25.42% and a net margin of 30.33%. The business had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $6.07 billion. During the same period in the previous year, the business earned $2.49 EPS. EOG Resources’s revenue was up 8.1% compared to the same quarter last year. As a group, analysts anticipate that EOG Resources, Inc. will post 11.83 EPS for the current year.

EOG Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend is Thursday, October 17th. EOG Resources’s dividend payout ratio is presently 28.75%.

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.