Guinness Atkinson Asset Management Inc Sells 159 Shares of EOG Resources, Inc. (NYSE:EOG)

Guinness Atkinson Asset Management Inc trimmed its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 4.9% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 3,064 shares of the energy exploration company’s stock after selling 159 shares during the quarter. Guinness Atkinson Asset Management Inc’s holdings in EOG Resources were worth $377,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Riverview Trust Co acquired a new stake in shares of EOG Resources in the 2nd quarter valued at approximately $27,000. MFA Wealth Advisors LLC acquired a new stake in EOG Resources in the second quarter valued at approximately $28,000. Gladius Capital Management LP acquired a new position in EOG Resources during the second quarter worth $30,000. Triad Wealth Partners LLC purchased a new stake in shares of EOG Resources in the second quarter worth approximately $35,000. Finally, Norwood Financial Corp purchased a new position in EOG Resources during the 1st quarter worth $37,000. Institutional investors own 89.91% of the company’s stock.

EOG Resources Price Performance

EOG Resources stock traded up $0.26 during midday trading on Friday, reaching $132.45. 1,460,830 shares of the stock were exchanged, compared to its average volume of 3,197,432. The company’s fifty day moving average is $125.89 and its 200-day moving average is $127.13. The firm has a market cap of $75.31 billion, a PE ratio of 10.23, a PEG ratio of 3.38 and a beta of 1.28. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.89 and a current ratio of 2.12. EOG Resources, Inc. has a 52 week low of $108.94 and a 52 week high of $139.67.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.98 by $0.18. The company had revenue of $6.03 billion during the quarter, compared to analyst estimates of $6.07 billion. EOG Resources had a return on equity of 25.42% and a net margin of 30.33%. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the company earned $2.49 earnings per share. On average, sell-side analysts forecast that EOG Resources, Inc. will post 11.83 EPS for the current year.

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $3.64 annualized dividend and a yield of 2.75%. EOG Resources’s payout ratio is presently 28.11%.

Insiders Place Their Bets

In other news, EVP Michael P. Donaldson sold 11,037 shares of EOG Resources stock in a transaction on Monday, August 26th. The shares were sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the completion of the sale, the executive vice president now directly owns 74,250 shares of the company’s stock, valued at approximately $9,615,375. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $126.48, for a total value of $505,920.00. Following the completion of the sale, the chief operating officer now owns 35,058 shares of the company’s stock, valued at $4,434,135.84. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael P. Donaldson sold 11,037 shares of EOG Resources stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the transaction, the executive vice president now directly owns 74,250 shares in the company, valued at $9,615,375. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,537 shares of company stock valued at $2,751,612 in the last quarter. Corporate insiders own 0.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Piper Sandler cut their target price on EOG Resources from $154.00 to $147.00 and set an “overweight” rating on the stock in a research note on Thursday, August 15th. Wells Fargo & Company cut their price objective on EOG Resources from $140.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 1st. JPMorgan Chase & Co. decreased their target price on EOG Resources from $143.00 to $135.00 and set a “neutral” rating for the company in a research report on Thursday, September 12th. StockNews.com cut EOG Resources from a “buy” rating to a “hold” rating in a research note on Monday, September 16th. Finally, Barclays reduced their price target on shares of EOG Resources from $144.00 to $137.00 and set an “equal weight” rating for the company in a research report on Thursday, October 3rd. Fourteen equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, EOG Resources currently has an average rating of “Hold” and a consensus price target of $141.65.

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.