LS Investment Advisors LLC Sells 272 Shares of EOG Resources, Inc. (NYSE:EOG)

LS Investment Advisors LLC decreased its position in EOG Resources, Inc. (NYSE:EOG) by 3.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,067 shares of the energy exploration company’s stock after selling 272 shares during the quarter. LS Investment Advisors LLC’s holdings in EOG Resources were worth $1,015,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Federated Hermes Inc. boosted its stake in shares of EOG Resources by 15.4% during the fourth quarter. Federated Hermes Inc. now owns 11,324 shares of the energy exploration company’s stock valued at $1,370,000 after purchasing an additional 1,512 shares during the period. Atria Wealth Solutions Inc. boosted its holdings in shares of EOG Resources by 10.9% during the fourth quarter. Atria Wealth Solutions Inc. now owns 39,730 shares of the energy exploration company’s stock worth $4,805,000 after purchasing an additional 3,910 shares during the period. Syon Capital LLC grew its stake in shares of EOG Resources by 10.4% in the fourth quarter. Syon Capital LLC now owns 4,303 shares of the energy exploration company’s stock worth $520,000 after purchasing an additional 405 shares during the last quarter. Truist Financial Corp increased its holdings in EOG Resources by 5.1% during the 4th quarter. Truist Financial Corp now owns 180,488 shares of the energy exploration company’s stock valued at $21,830,000 after purchasing an additional 8,746 shares during the period. Finally, Valmark Advisers Inc. bought a new position in shares of EOG Resources during the fourth quarter valued at approximately $446,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Insiders Place Their Bets

In other EOG Resources news, Director Charles R. Crisp sold 6,500 shares of EOG Resources stock in a transaction 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 completion of the transaction, the director now directly owns 60,892 shares of the company’s stock, valued at approximately $7,648,035.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Charles R. Crisp sold 6,500 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total value of $816,400.00. Following the completion of the sale, the director now directly owns 60,892 shares in the company, valued at $7,648,035.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 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 $4,434,135.84. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on EOG. Benchmark reissued a “hold” rating on shares of EOG Resources in a research report on Tuesday, May 7th. Citigroup boosted their target price on EOG Resources from $124.00 to $130.00 and gave the stock a “neutral” rating in a report on Friday, May 24th. Truist Financial reduced their price target on EOG Resources from $136.00 to $130.00 and set a “hold” rating for the company in a report on Monday, July 22nd. StockNews.com upgraded shares of EOG Resources from a “hold” rating to a “buy” rating in a research note on Monday, August 5th. Finally, UBS Group upped their target price on shares of EOG Resources from $166.00 to $167.00 and gave the stock a “buy” rating in a research note on Tuesday, August 20th. Thirteen analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, EOG Resources presently has an average rating of “Hold” and a consensus price target of $144.15.

EOG Resources Stock Performance

EOG Resources stock traded down $1.48 during trading on Tuesday, reaching $128.58. The company had a trading volume of 2,150,792 shares, compared to its average volume of 3,147,308. 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 firm’s 50-day simple moving average is $126.18 and its 200 day simple moving average is $125.33. The firm has a market capitalization of $73.90 billion, a price-to-earnings ratio of 10.15, a price-to-earnings-growth ratio of 2.15 and a beta of 1.30. EOG Resources, Inc. has a 52 week low of $108.94 and a 52 week high of $139.67.

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

EOG Resources Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a yield of 2.83%. EOG Resources’s payout ratio is presently 28.75%.

EOG Resources Company 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.