E&G Advisors LP Sells 110 Shares of EOG Resources, Inc. (NYSE:EOG)

E&G Advisors LP reduced its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 1.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,715 shares of the energy exploration company’s stock after selling 110 shares during the period. E&G Advisors LP’s holdings in EOG Resources were worth $703,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Riverview Trust Co purchased a new position in EOG Resources during the second quarter valued at $27,000. MFA Wealth Advisors LLC bought a new position in shares of EOG Resources in the second quarter worth about $28,000. Gladius Capital Management LP purchased a new position in shares of EOG Resources during the 2nd quarter valued at about $30,000. Triad Wealth Partners LLC bought a new position in shares of EOG Resources during the 2nd quarter valued at approximately $35,000. Finally, Norwood Financial Corp purchased a new stake in EOG Resources in the 1st quarter worth approximately $37,000. 89.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on EOG shares. Piper Sandler dropped their price target on shares of EOG Resources from $154.00 to $147.00 and set an “overweight” rating for the company in a research report on Thursday, August 15th. Barclays dropped their target price on shares of EOG Resources from $144.00 to $137.00 and set an “equal weight” rating for the company in a report on Thursday, October 3rd. Truist Financial lowered their price objective on EOG Resources from $130.00 to $115.00 and set a “hold” rating on the stock in a research report on Monday, September 30th. UBS Group cut their target price on EOG Resources from $167.00 to $154.00 and set a “buy” rating for the company in a research report on Wednesday, September 18th. Finally, JPMorgan Chase & Co. decreased their target price on EOG Resources from $143.00 to $135.00 and set a “neutral” rating on the stock in a research note on Thursday, September 12th. Fourteen equities research 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 company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $141.20.

EOG Resources Trading Down 0.3 %

Shares of NYSE EOG opened at $126.62 on Friday. The stock has a market capitalization of $72.77 billion, a P/E ratio of 10.00, a PEG ratio of 3.38 and a beta of 1.28. EOG Resources, Inc. has a 1-year low of $108.94 and a 1-year high of $139.67. The business’s 50 day moving average is $126.24 and its two-hundred day moving average is $127.11. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.12 and a quick ratio of 1.89.

EOG Resources (NYSE:EOG) last released its earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share for the quarter, beating the consensus estimate of $2.98 by $0.18. The firm had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $6.07 billion. EOG Resources had a return on equity of 25.42% and a net margin of 30.33%. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.49 EPS. As a group, research analysts expect that EOG Resources, Inc. will post 11.83 EPS 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 $0.91 dividend. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $3.64 annualized dividend and a dividend yield of 2.87%. EOG Resources’s dividend payout ratio (DPR) is presently 28.75%.

Insider Buying and Selling

In related news, EVP Michael P. Donaldson sold 11,037 shares of the stock in a transaction dated 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 sale, the executive vice president now directly owns 74,250 shares of the company’s stock, valued at $9,615,375. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP Michael P. Donaldson sold 11,037 shares of the business’s stock in a transaction 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 completion of the transaction, the executive vice president now owns 74,250 shares in the company, valued at $9,615,375. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Charles R. Crisp sold 6,500 shares of the 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 owns 60,892 shares in the company, valued at approximately $7,648,035.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,537 shares of company stock valued at $2,751,612. 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.