Gradient Investments LLC decreased its holdings in EOG Resources, Inc. (NYSE:EOG – Free Report) by 3.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 126,273 shares of the energy exploration company’s stock after selling 4,676 shares during the quarter. Gradient Investments LLC’s holdings in EOG Resources were worth $17,395,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also modified their holdings of EOG. Summitry LLC lifted its position in EOG Resources by 1.5% in the 1st quarter. Summitry LLC now owns 4,832 shares of the energy exploration company’s stock valued at $699,000 after acquiring an additional 73 shares in the last quarter. Twin Capital Management Inc. increased its holdings in EOG Resources by 0.3% during the 1st quarter. Twin Capital Management Inc. now owns 23,980 shares of the energy exploration company’s stock worth $3,467,000 after purchasing an additional 79 shares in the last quarter. Sax Wealth Advisors LLC increased its holdings in EOG Resources by 2.8% during the 2nd quarter. Sax Wealth Advisors LLC now owns 2,907 shares of the energy exploration company’s stock worth $377,000 after purchasing an additional 79 shares in the last quarter. Paladin Wealth LLC raised its stake in shares of EOG Resources by 5.3% in the second quarter. Paladin Wealth LLC now owns 1,593 shares of the energy exploration company’s stock worth $207,000 after purchasing an additional 80 shares during the last quarter. Finally, Hardy Reed LLC raised its stake in shares of EOG Resources by 3.8% in the first quarter. Hardy Reed LLC now owns 2,251 shares of the energy exploration company’s stock worth $325,000 after purchasing an additional 82 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors.
EOG Resources Stock Performance
Shares of NYSE:EOG traded up $4.17 during midday trading on Thursday, reaching $148.38. The company had a trading volume of 1,372,860 shares, compared to its average volume of 4,075,412. The company’s 50 day moving average price is $144.45 and its 200 day moving average price is $139.84. The company has a current ratio of 1.85, a quick ratio of 1.68 and a debt-to-equity ratio of 0.25. The stock has a market cap of $77.83 billion, a P/E ratio of 11.54, a P/E/G ratio of 0.53 and a beta of 0.36. EOG Resources, Inc. has a 52-week low of $101.59 and a 52-week high of $154.16.
EOG Resources Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 16th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, October 16th. EOG Resources’s payout ratio is 31.75%.
Insider Activity at EOG Resources
In related news, CEO Ezra Yacob sold 35,942 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $152.10, for a total value of $5,466,778.20. Following the transaction, the chief executive officer owned 242,451 shares in the company, valued at approximately $36,876,797.10. This represents a 12.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Jeffrey Leitzell sold 9,039 shares of the business’s stock in a transaction on Friday, September 25th. The shares were sold at an average price of $140.61, for a total value of $1,270,973.79. Following the completion of the sale, the chief operating officer owned 90,790 shares in the company, valued at approximately $12,765,981.90. The trade was a 9.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 52,317 shares of company stock worth $7,823,480. Insiders own 0.14% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on EOG. Roth Capital reiterated a “neutral” rating and set a $138.00 price target on shares of EOG Resources in a report on Wednesday, August 5th. Morgan Stanley set a $157.00 price objective on EOG Resources and gave the company an “equal weight” rating in a research note on Wednesday, August 19th. Capital One Financial downgraded shares of EOG Resources from an “overweight” rating to an “equal weight” rating and set a $153.00 price objective on the stock. in a report on Wednesday, August 26th. JPMorgan Chase & Co. reduced their target price on shares of EOG Resources from $148.00 to $142.00 and set a “neutral” rating for the company in a research note on Tuesday, June 30th. Finally, Freedom Capital lowered shares of EOG Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eighteen have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $159.12.
Check Out Our Latest Research Report on EOG
EOG Resources Profile
EOG Resources, Inc is an independent exploration and production company engaged in finding, developing, producing and marketing crude oil, natural gas liquids and natural gas. The company focuses on large-scale, onshore assets and applies drilling, completion and other technologies to develop unconventional oil and natural gas resources.
EOG’s principal operations are located in the United States, including the Permian Basin in Texas and New Mexico, the Eagle Ford in South Texas and the Rocky Mountain region.
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