Procyon Advisors LLC Sells 3,903 Shares of EOG Resources, Inc. $EOG

Procyon Advisors LLC decreased its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 12.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,639 shares of the energy exploration company’s stock after selling 3,903 shares during the period. Procyon Advisors LLC’s holdings in EOG Resources were worth $3,996,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Franklin Resources Inc. raised its stake in shares of EOG Resources by 24.2% in the fourth quarter. Franklin Resources Inc. now owns 6,443,453 shares of the energy exploration company’s stock worth $676,627,000 after acquiring an additional 1,257,110 shares during the last quarter. First Trust Advisors LP grew its stake in shares of EOG Resources by 70.5% during the fourth quarter. First Trust Advisors LP now owns 2,977,912 shares of the energy exploration company’s stock valued at $312,711,000 after purchasing an additional 1,231,366 shares during the last quarter. Marshall Wace LLP increased its holdings in shares of EOG Resources by 474.7% in the fourth quarter. Marshall Wace LLP now owns 1,318,254 shares of the energy exploration company’s stock valued at $138,430,000 after purchasing an additional 1,088,867 shares in the last quarter. Bank of New York Mellon Corp raised its position in EOG Resources by 23.9% in the 4th quarter. Bank of New York Mellon Corp now owns 4,669,969 shares of the energy exploration company’s stock worth $490,394,000 after purchasing an additional 901,897 shares during the last quarter. Finally, Qube Research & Technologies Ltd bought a new position in EOG Resources in the 3rd quarter worth approximately $87,193,000. Institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Down 0.1%

NYSE:EOG opened at $134.03 on Monday. EOG Resources, Inc. has a 12-month low of $101.59 and a 12-month high of $151.87. The company has a quick ratio of 1.53, a current ratio of 1.72 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $71.39 billion, a P/E ratio of 13.19 and a beta of 0.25. The stock’s fifty day simple moving average is $135.59 and its 200-day simple moving average is $127.50.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Tuesday, May 5th. The energy exploration company reported $3.41 EPS for the quarter, topping analysts’ consensus estimates of $3.23 by $0.18. The business had revenue of $6.92 billion during the quarter, compared to analysts’ expectations of $6.18 billion. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The firm’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.87 earnings per share. Equities research analysts expect that EOG Resources, Inc. will post 16.19 earnings per share for the current year.

EOG Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Friday, July 17th. EOG Resources’s payout ratio is presently 40.16%.

Analysts Set New Price Targets

Several research analysts have issued reports on EOG shares. Wells Fargo & Company set a $196.00 price objective on EOG Resources and gave the company an “overweight” rating in a research report on Wednesday, May 13th. Barclays boosted their target price on EOG Resources from $140.00 to $153.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 26th. Raymond James Financial cut their price target on EOG Resources from $186.00 to $176.00 and set a “strong-buy” rating on the stock in a research note on Monday, June 22nd. The Goldman Sachs Group decreased their price target on EOG Resources from $139.00 to $129.00 and set a “neutral” rating on the stock in a report on Tuesday, June 30th. Finally, Williams Trading set a $177.00 price objective on EOG Resources in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and sixteen have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $155.04.

EOG Resources Company Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.