Pekin Hardy Strauss Inc. Sells 2,285 Shares of EOG Resources, Inc. (NYSE:EOG)

Pekin Hardy Strauss Inc. cut its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 6.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,952 shares of the energy exploration company’s stock after selling 2,285 shares during the quarter. Pekin Hardy Strauss Inc.’s holdings in EOG Resources were worth $4,022,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Riverview Trust Co bought a new stake in shares of EOG Resources during the second quarter worth $27,000. MFA Wealth Advisors LLC bought a new stake in EOG Resources during the 2nd quarter worth $28,000. Gladius Capital Management LP bought a new position in EOG Resources in the second quarter valued at about $30,000. Sachetta LLC bought a new stake in shares of EOG Resources during the fourth quarter worth about $33,000. Finally, Triad Wealth Partners LLC acquired a new position in shares of EOG Resources in the second quarter valued at approximately $35,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Trading Up 1.9 %

Shares of EOG Resources stock opened at $121.67 on Tuesday. EOG Resources, Inc. has a 12-month low of $108.94 and a 12-month high of $139.67. The company has a current ratio of 2.12, a quick ratio of 1.89 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $69.93 billion, a P/E ratio of 9.61, a price-to-earnings-growth ratio of 2.95 and a beta of 1.28. The stock has a fifty day simple moving average of $125.85 and a 200 day simple moving average of $126.39.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Thursday, August 1st. The energy exploration company reported $3.16 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $6.07 billion. During the same period last year, the company posted $2.49 earnings per share. EOG Resources’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, sell-side analysts anticipate that EOG Resources, Inc. will post 12.2 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $3.64 annualized dividend and a dividend yield of 2.99%. EOG Resources’s payout ratio is presently 28.75%.

Insider Transactions at EOG Resources

In other EOG Resources news, EVP Michael P. Donaldson sold 11,037 shares of the business’s stock in a transaction on 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 sale, the executive vice president now owns 74,250 shares of the company’s stock, valued at approximately $9,615,375. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Michael P. Donaldson sold 11,037 shares of the firm’s stock in a transaction that occurred 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 directly owns 74,250 shares in the company, valued at $9,615,375. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $126.48, for a total transaction of $505,920.00. Following the transaction, the chief operating officer now directly owns 35,058 shares of the company’s stock, valued at approximately $4,434,135.84. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,537 shares of company stock worth $2,751,612. 0.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on EOG. Wolfe Research began coverage on shares of EOG Resources in a research report on Thursday, July 18th. They set a “peer perform” rating on the stock. Susquehanna reduced their price objective on shares of EOG Resources from $159.00 to $158.00 and set a “positive” rating on the stock in a research note on Wednesday, September 4th. KeyCorp assumed coverage on EOG Resources in a research report on Thursday, June 27th. They set an “overweight” rating and a $157.00 target price for the company. Royal Bank of Canada reiterated a “sector perform” rating and issued a $147.00 price target on shares of EOG Resources in a research report on Wednesday, July 10th. Finally, Sanford C. Bernstein lowered their price objective on EOG Resources from $139.00 to $125.00 and set a “market perform” rating for the company in a research report on Wednesday, July 17th. Fourteen equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, EOG Resources currently has an average rating of “Hold” and a consensus target price of $143.58.

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.