Symmetry Partners LLC Lowers Holdings in EOG Resources, Inc. (NYSE:EOG)

Symmetry Partners LLC decreased its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 7.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,915 shares of the energy exploration company’s stock after selling 614 shares during the quarter. Symmetry Partners LLC’s holdings in EOG Resources were worth $996,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. CX Institutional lifted its stake in EOG Resources by 6.1% during the second quarter. CX Institutional now owns 32,533 shares of the energy exploration company’s stock worth $4,095,000 after purchasing an additional 1,873 shares in the last quarter. Warther Private Wealth LLC grew its position in shares of EOG Resources by 2,697.3% during the second quarter. Warther Private Wealth LLC now owns 57,512 shares of the energy exploration company’s stock worth $7,239,000 after buying an additional 55,456 shares in the last quarter. Butensky & Cohen Financial Security Inc. increased its position in shares of EOG Resources by 63.1% in the 2nd quarter. Butensky & Cohen Financial Security Inc. now owns 28,382 shares of the energy exploration company’s stock valued at $3,572,000 after purchasing an additional 10,984 shares during the last quarter. Guinness Asset Management LTD raised its stake in EOG Resources by 4.3% in the second quarter. Guinness Asset Management LTD now owns 124,443 shares of the energy exploration company’s stock valued at $15,630,000 after buying an additional 5,182 shares in the last quarter. Finally, Csenge Advisory Group boosted its holdings in EOG Resources by 3.7% in the second quarter. Csenge Advisory Group now owns 7,431 shares of the energy exploration company’s stock valued at $935,000 after purchasing an additional 267 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Performance

NYSE:EOG traded down $0.11 during midday trading on Friday, reaching $126.68. The stock had a trading volume of 1,751,687 shares, compared to its average volume of 3,198,441. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.32 and a quick ratio of 2.05. The firm’s fifty day simple moving average is $124.61 and its 200-day simple moving average is $123.97. The stock has a market capitalization of $72.80 billion, a P/E ratio of 10.02, a PEG 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 issued its quarterly earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share for the quarter, beating analysts’ consensus estimates of $2.98 by $0.18. EOG Resources had a net margin of 30.33% and a return on equity of 25.65%. The firm had revenue of $6.03 billion during the quarter, compared to the consensus estimate of $6.07 billion. During the same period in the prior year, the firm earned $2.49 EPS. The business’s revenue was up 8.1% on a year-over-year basis. On average, equities research analysts forecast that EOG Resources, Inc. will post 12.13 EPS 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. Investors of record on Thursday, October 17th will be paid a $0.91 dividend. The ex-dividend date is Thursday, October 17th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.87%. EOG Resources’s payout ratio is 28.75%.

Insider Activity

In other EOG Resources news, CEO Ezra Y. Yacob sold 4,729 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $129.31, for a total transaction of $611,506.99. Following the sale, the chief executive officer now directly owns 150,474 shares of the company’s stock, valued at $19,457,792.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other EOG Resources news, EVP Michael P. Donaldson sold 2,685 shares of the firm’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $130.29, for a total value of $349,828.65. Following the completion of the sale, the executive vice president now owns 109,040 shares in the company, valued at approximately $14,206,821.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ezra Y. Yacob sold 4,729 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $129.31, for a total transaction of $611,506.99. Following the transaction, the chief executive officer now owns 150,474 shares in the company, valued at $19,457,792.94. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on EOG shares. Mizuho lifted their price target on shares of EOG Resources from $140.00 to $156.00 and gave the stock a “buy” rating in a research note on Monday, May 13th. Susquehanna lifted their target price on shares of EOG Resources from $155.00 to $159.00 and gave the stock a “positive” rating in a research report on Monday. UBS Group decreased their price objective on EOG Resources from $169.00 to $166.00 and set a “buy” rating on the stock in a report on Thursday. KeyCorp initiated coverage on shares of EOG Resources in a research note on Thursday, June 27th. They set an “overweight” rating and a $157.00 price objective for the company. Finally, Piper Sandler raised their price target on shares of EOG Resources from $153.00 to $154.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 14th. Fourteen equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, EOG Resources presently has an average rating of “Hold” and an average price target of $144.45.

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.