EOG Resources, Inc. (NYSE:EOG) Shares Sold by AlphaStar Capital Management LLC

AlphaStar Capital Management LLC trimmed its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 16.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,198 shares of the energy exploration company’s stock after selling 626 shares during the period. AlphaStar Capital Management LLC’s holdings in EOG Resources were worth $403,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Capital World Investors lifted its stake in EOG Resources by 59.2% in the fourth quarter. Capital World Investors now owns 25,420,916 shares of the energy exploration company’s stock valued at $3,074,660,000 after buying an additional 9,455,621 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in EOG Resources by 26.3% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,948,119 shares of the energy exploration company’s stock worth $598,475,000 after purchasing an additional 1,029,727 shares during the last quarter. Capital International Investors increased its stake in shares of EOG Resources by 7.1% in the first quarter. Capital International Investors now owns 11,564,463 shares of the energy exploration company’s stock valued at $1,478,401,000 after purchasing an additional 766,056 shares during the period. Capital Research Global Investors raised its holdings in shares of EOG Resources by 1.3% during the first quarter. Capital Research Global Investors now owns 28,889,715 shares of the energy exploration company’s stock valued at $3,693,261,000 after buying an additional 373,365 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew its holdings in EOG Resources by 67.3% in the 1st quarter. Canada Pension Plan Investment Board now owns 843,682 shares of the energy exploration company’s stock worth $107,856,000 after buying an additional 339,480 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors.

Insider Buying and Selling at EOG Resources

In related news, Director Charles R. Crisp sold 6,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total transaction of $816,400.00. Following the transaction, the director now owns 60,892 shares of the company’s stock, valued at $7,648,035.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other EOG Resources news, Director Charles R. Crisp sold 6,500 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total transaction of $816,400.00. Following the transaction, the director now directly owns 60,892 shares of the company’s stock, valued at $7,648,035.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $126.48, for a total value of $505,920.00. Following the transaction, the chief operating officer now owns 35,058 shares in the company, valued at $4,434,135.84. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

EOG has been the topic of several recent analyst reports. Citigroup lifted their target price on EOG Resources from $124.00 to $130.00 and gave the company a “neutral” rating in a research note on Friday, May 24th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $147.00 price objective on shares of EOG Resources in a report on Wednesday, July 10th. Susquehanna boosted their price target on shares of EOG Resources from $155.00 to $159.00 and gave the stock a “positive” rating in a research report on Monday, August 5th. UBS Group raised their price objective on shares of EOG Resources from $166.00 to $167.00 and gave the company a “buy” rating in a research note on Tuesday, August 20th. Finally, Bank of America restated a “buy” rating and issued a $151.00 target price on shares of EOG Resources in a research report on Friday, June 14th. Thirteen analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, EOG Resources has a consensus rating of “Hold” and a consensus target price of $144.15.

EOG Resources Stock Down 0.4 %

NYSE:EOG traded down $0.56 on Tuesday, hitting $129.50. 694,161 shares of the company’s stock traded hands, compared to its average volume of 3,138,480. The firm has a 50-day moving average price of $126.18 and a 200-day moving average price of $125.33. The company has a current ratio of 2.32, a quick ratio of 2.05 and a debt-to-equity ratio of 0.13. The company has a market cap of $74.43 billion, a PE ratio of 10.27, a price-to-earnings-growth ratio of 2.15 and a beta of 1.30. EOG Resources, Inc. has a 1 year low of $108.94 and a 1 year high of $139.67.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, August 1st. The energy exploration company reported $3.16 EPS for the quarter, beating analysts’ consensus estimates of $2.98 by $0.18. The firm had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $6.07 billion. EOG Resources had a net margin of 30.33% and a return on equity of 25.65%. The firm’s revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the firm posted $2.49 earnings per share. Equities analysts anticipate that EOG Resources, Inc. will post 12.13 EPS for the current fiscal year.

EOG Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 17th will be given a dividend of $0.91 per share. The ex-dividend date is Thursday, October 17th. This represents a $3.64 dividend on an annualized basis and a yield of 2.81%. EOG Resources’s payout ratio is 28.75%.

EOG Resources Profile

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.