EOG Resources, Inc. (NYSE:EOG) Shares Sold by Wright Investors Service Inc.

Wright Investors Service Inc. decreased its stake in EOG Resources, Inc. (NYSE:EOG) by 13.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,974 shares of the energy exploration company’s stock after selling 1,406 shares during the quarter. Wright Investors Service Inc.’s holdings in EOG Resources were worth $1,103,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. CIBC Private Wealth Group LLC lifted its position in shares of EOG Resources by 3.4% in the 4th quarter. CIBC Private Wealth Group LLC now owns 38,869 shares of the energy exploration company’s stock valued at $4,701,000 after acquiring an additional 1,280 shares in the last quarter. Lake Street Advisors Group LLC purchased a new stake in EOG Resources in the 4th quarter worth about $210,000. Crossmark Global Holdings Inc. boosted its position in EOG Resources by 0.8% during the 4th quarter. Crossmark Global Holdings Inc. now owns 28,500 shares of the energy exploration company’s stock worth $3,447,000 after acquiring an additional 233 shares during the period. Cetera Advisor Networks LLC boosted its position in EOG Resources by 17.4% during the 4th quarter. Cetera Advisor Networks LLC now owns 51,222 shares of the energy exploration company’s stock worth $6,195,000 after acquiring an additional 7,578 shares during the period. Finally, 1832 Asset Management L.P. grew its stake in EOG Resources by 3.5% during the 4th quarter. 1832 Asset Management L.P. now owns 73,462 shares of the energy exploration company’s stock valued at $8,885,000 after acquiring an additional 2,462 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Sanford C. Bernstein decreased their price target on shares of EOG Resources from $139.00 to $125.00 and set a “market perform” rating for the company in a report on Wednesday, July 17th. Scotiabank cut their price objective on EOG Resources from $155.00 to $150.00 and set a “sector perform” rating for the company in a report on Friday, July 12th. Evercore ISI dropped their target price on EOG Resources from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Monday, September 30th. Piper Sandler lowered their price target on EOG Resources from $154.00 to $147.00 and set an “overweight” rating for the company in a research note on Thursday, August 15th. Finally, Truist Financial reduced 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 investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $142.15.

EOG Resources Stock Performance

NYSE:EOG traded up $2.33 during trading hours on Friday, hitting $133.12. 2,720,440 shares of the company traded hands, compared to its average volume of 3,224,520. The company has a current ratio of 2.12, a quick ratio of 1.89 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $76.51 billion, a price-to-earnings ratio of 10.52, a P/E/G ratio of 3.27 and a beta of 1.28. The firm has a 50-day moving average of $125.16 and a 200 day moving average of $126.93. EOG Resources, Inc. has a twelve month low of $108.94 and a twelve month high of $139.67.

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. EOG Resources had a net margin of 30.33% and a return on equity of 25.42%. The business had revenue of $6.03 billion during the quarter, compared to analysts’ expectations of $6.07 billion. During the same quarter last year, the company earned $2.49 earnings per share. The firm’s revenue was up 8.1% on a year-over-year basis. On average, analysts forecast that EOG Resources, Inc. will post 11.91 EPS for the current year.

EOG Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date is Thursday, October 17th. EOG Resources’s dividend payout ratio is presently 28.75%.

Insider Activity at EOG Resources

In related news, Director Charles R. Crisp sold 6,500 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total value of $816,400.00. Following the sale, the director now owns 60,892 shares of the company’s stock, valued at $7,648,035.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director Charles R. Crisp sold 6,500 shares of the business’s 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 sale, the director now owns 60,892 shares of the company’s stock, valued at $7,648,035.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michael P. Donaldson sold 11,037 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $129.50, for a total value of $1,429,291.50. Following the transaction, the executive vice president now owns 74,250 shares of the company’s stock, valued at $9,615,375. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,537 shares of company stock worth $2,751,612. 0.30% of the stock is owned by corporate insiders.

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.