Hennion & Walsh Asset Management Inc. sell 3,578 shares of EOG Resources, Inc. (NYSE:EOG)

Hennion & Walsh Asset Management Inc. reduced its stake in EOG Resources, Inc. (NYSE:EOG – Free Report) by 51.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,406 shares of the energy exploration company’s stock after selling 3,578 shares during the period. Holdings held by Hennion & Walsh Asset Management Inc. holdings in EOG Resources were worth $429,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of EOG. Wright Investors Service Inc. increased its position in shares of EOG Resources by 0.8% in the first quarter. Wright Investors Service Inc. now owns 10,163 shares of the energy exploration company’s stock worth $1,299,000 after purchasing an additional 80 shares during the last quarter. CVA Family Office LLC boosted its holdings in EOG Resources by 11.0% in the 2nd quarter. CVA Family Office LLC now owns 820 shares of the energy exploration company’s stock worth $103,000 after buying an additional 81 shares during the period. in the last quarter. Field & Main Bank raised its position in EOG Resources by 1.4% in the first quarter. Field & Main Bank now owns 6,163 shares of the energy exploration company’s stock valued at $788,000 after buying an additional 83 shares during the period. PDS Planning Inc raised its position in EOG Resources by 4.1% in the first quarter. PDS Planning Inc now owns 2,152 shares of the energy exploration company’s stock valued at $275,000 after purchasing an additional 84 shares during the period. Finally, Moody National Bank Trust Division raised its stake in shares of EOG Resources by 1.0% in the first quarter. Moody National Bank Trust Division now owns 8,420 shares of the energy exploration company’s stock valued at $1,076,000 after purchasing an additional 87 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company’s shares.

EOG resource trading down 0.2%

EOG opened at $124.99 on Thursday. The stock has a market cap of $71.83 billion, a P/E ratio of 9.87, a P/E/G ratio of 2.15 and a beta of 1.30. The company has a current ratio of 2.32, a quick ratio of 2.05, and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a 12-month low of $108.94 and a 12-month high of $139.67. The company’s fifty-day simple moving average is $125.66, and its 200-day simple moving average is $124.91.

EOG Resources (NYSE:EOG – Get Free Report ) last posted 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. The company had revenue of $6.03 billion for the quarter, compared to analyst estimates of $6.07 billion. EOG Resources had a return on equity of 25.65% and a net margin of 30.33%. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. In the same period last year, the company posted earnings per share of $2.49. As a group, research analysts anticipate that EOG Resources, Inc. will post 12.13 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be given a dividend of $0.91 per share. This represents a dividend of $3.64 on an annualized basis and a yield of 2.91%. The ex-dividend date of this dividend is Thursday, October 17. EOG Resources’s dividend payout ratio (DPR) is currently 28.75%.

Insider trading at EOG Resources

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

Changes in Analyst Ratings

A number of research firms recently weighed in on EOG. StockNews.com raised shares of EOG Resources from a “hold” rating to a “buy” rating in a research note on Monday, August 5th. Scotiabank cut their price target on EOG Resources from $155.00 to $150.00 and set a “sector perform” rating on the stock in a research note on Friday, July 12th. Mizuho raised their price objective on EOG Resources from $140.00 to $156.00 and gave the stock a “buy” rating in a research note on Monday, May 13th. UBS Group boosted their price target on EOG Resources from $166.00 to $167.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, TD Cowen upped their target price on EOG Resources from $130.00 to $144.00 and gave the stock a “hold” rating in a research report on Tuesday, April 30th. Fourteen investment 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. EOG Resources currently has an average rating of “Hold” and an average target price of $144.15, based on data from MarketBeat.

View the latest stock report on EOG resources

EOG Resources Company Profile

(Free Report)

EOG Resources, Inc, together with its subsidiaries, explores, 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.

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