Northside Capital’s Great EOG Fire Sale: $6.1M Goes Poof!

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Hold onto your oil drums, folks! Northside Capital Management just performed financial legerdemain with EOG Resources shares. The firm magically made 51,383 shares (worth $6.13 million) disappear faster than a Texas oilman at a climate summit. Their latest SEC filing reveals this bonanza of barrel-scraping, leaving them with 159,957 shares worth $17.93 million. That’s a 30% reduction folks – not quite “whoops, my bad” territory, but close!

What happened

Let’s consult our handy-dandy time machine (patent pending) and travel back to October 7, 2025 – a day that will live in financial infamy. Northside waved their wand over EOG during Q3 2025, conducting a sale that would make a used car salesman blush. The market price? A mere $110.45 per share – cheaper than a Houston diner’s steak special!

What else to know

EOG’s demotion to “also-ran” status in Northside’s portfolio is now official. At 1.6% of reportable assets, it’s been unceremoniously booted from the VIP lounge of top holdings. Let’s meet the new iShares Select Dividend ETF (DVY +0.04%) – $93.74 million worth of dividend deliciousness. And don’t forget the SPDR Gold Shares (GLD 6.43%) – $61.26 million in shiny rocks! [winks knowingly]

  • iShares Select Dividend ETF (DVY +0.04%): $93.74 million (8.6% of AUM)
  • SPDR Gold Shares (GLD 6.43%): $61.26 million (5.6% of AUM)
  • Enterprise Products Partners (EPD +0.29%): $48.26 million (4.4% of AUM)
  • Texas Instruments Inc (TXN +0.70%): $43.57 million (4.0% of AUM)
  • Alphabet (GOOGL 2.34%): $43.17 million (3.9% of AUM)

EOG’s stock price has been playing deadbeat dad to shareholders – down 17.7% year-on-year. That’s like getting a participation trophy in a demolition derby!

Company overview

Metric Value
Revenue (TTM) $22.73 billion
Net income (TTM) $5.73 billion
Dividend yield (as of October 21, 2025) 3.8%
Price (as of market close October 6, 2025) $110.45

Company snapshot

EOG Resources – America’s favorite hydrocarbon harvesters since 1986! They’re like your neighborhood gas station, but with more explosions… I mean extraction. Operating in New Mexico, Texas, and Trinidad and Tobago, they’re basically selling fuel for your lawnmower to industrial giants. Their dividend? Juicier than a Texas peach!

Foolish take

Northside’s EOG reduction isn’t an energy exodus – it’s portfolio yoga! They’re still sitting on $18M of EOG stock while keeping energy stocks at 20% of AUM. It’s like breaking up with someone but still sleeping on their couch. [leans in, stage whisper] They even upgraded their position in Enterprise Products Partners – talk about keeping it in the family!

EOG’s acquisition of Encino Acquisition Partners? That’s not just buying land – it’s buying 2 billion barrels of future headaches… I mean opportunities. [chuckles] Their Q2 earnings might’ve beaten estimates, but crude prices are dumber than a bag of wet cats.

Glossary

13F assets: Wall Street’s quarterly show-and-tell for investment managers. [rolls eyes]

AUM (Assets Under Management): The grown-up version of “Monopoly money” – just with more zeros.

Dividend yield: Your cut of the corporate pie, expressed as a percentage. [tips fedora]

Upstream: Where oil companies play “I Spy” looking for black gold. [winks]

Hydrocarbons: Fancy term for “stuff that catches fire easily”.

TTM: The financial equivalent of “last 12 months, more or less”.

Exploration and production (E&P): Oil companies’ version of “Let’s Make a Deal”.

Reportable assets: What happens when Wall Street meets show-and-tell. [snickers]

Quarterly average pricing: Math magic that makes numbers look prettier.

Fund holding: Fancy way of saying “stuff we own”.

Transaction value: How much Monopoly money changed hands.

Underperforming: Wall Street’s polite way of saying “you suck”.

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2025-10-22 02:33