Inspire Investing LLC Lowers Holdings in EOG Resources, Inc. (NYSE:EOG)

Inspire Investing LLC reduced its position in shares of EOG Resources, Inc. (NYSE:EOG) by 14.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 9,895 shares of the energy exploration company’s stock after selling 1,629 shares during the period. Inspire Investing LLC’s holdings in EOG Resources were worth $1,216,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Capital World Investors increased its stake in shares of EOG Resources by 5.4% during the first quarter. Capital World Investors now owns 26,782,454 shares of the energy exploration company’s stock valued at $3,423,869,000 after buying an additional 1,361,538 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in EOG Resources during the 2nd quarter valued at about $106,990,000. Capital International Investors raised its holdings in shares of EOG Resources by 7.1% in the 1st quarter. Capital International Investors now owns 11,564,463 shares of the energy exploration company’s stock valued at $1,478,401,000 after purchasing an additional 766,056 shares in the last quarter. Legal & General Group Plc increased its holdings in EOG Resources by 9.1% during the second quarter. Legal & General Group Plc now owns 4,840,705 shares of the energy exploration company’s stock valued at $609,300,000 after buying an additional 403,676 shares during the period. Finally, Capital Research Global Investors raised its stake in EOG Resources by 1.3% in the first quarter. Capital Research Global Investors now owns 28,889,715 shares of the energy exploration company’s stock worth $3,693,261,000 after buying an additional 373,365 shares in the last quarter. 89.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on EOG shares. StockNews.com cut EOG Resources from a “buy” rating to a “hold” rating in a research report on Monday, September 16th. Wells Fargo & Company cut their target price on EOG Resources from $140.00 to $135.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 1st. KeyCorp began coverage on shares of EOG Resources in a research report on Thursday, June 27th. They set an “overweight” rating and a $157.00 price target for the company. Barclays cut their price objective on shares of EOG Resources from $144.00 to $137.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 3rd. Finally, Truist Financial lowered their target price on shares of EOG Resources from $130.00 to $115.00 and set a “hold” rating for the company in a research note on Monday, September 30th. Fourteen analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $141.65.

EOG Resources Stock Performance

Shares of NYSE EOG opened at $132.45 on Monday. The stock has a market cap of $76.12 billion, a price-to-earnings ratio of 10.46, a PEG ratio of 3.38 and a beta of 1.28. EOG Resources, Inc. has a 12 month low of $108.94 and a 12 month high of $139.67. The company has a 50 day simple moving average of $125.89 and a two-hundred day simple moving average of $127.15. The company has a current ratio of 2.12, a quick ratio of 1.89 and a debt-to-equity ratio of 0.11.

EOG Resources (NYSE:EOG) last posted its earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share (EPS) 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 25.42%. The company had revenue of $6.03 billion during the quarter, compared to the consensus estimate of $6.07 billion. During the same period in the previous year, the firm posted $2.49 earnings per share. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. As a group, analysts predict that EOG Resources, Inc. will post 11.83 earnings per share for the current year.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 2.75%. The ex-dividend date of this dividend is Thursday, October 17th. EOG Resources’s dividend payout ratio (DPR) is 28.75%.

Insider Activity at EOG Resources

In related news, EVP Michael P. Donaldson sold 11,037 shares of the firm’s 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 sale, the executive vice president now owns 74,250 shares in the company, valued at approximately $9,615,375. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Charles R. Crisp sold 6,500 shares of the company’s stock in a transaction dated 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 transaction, the director now owns 60,892 shares of the company’s stock, valued at approximately $7,648,035.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Michael P. Donaldson sold 11,037 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $129.50, for a total value of $1,429,291.50. Following the completion of the sale, the executive vice president now owns 74,250 shares of the company’s stock, 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 worth $2,751,612 in the last three months. Company insiders own 0.30% of the company’s stock.

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.