EOG Resources, Inc. (NYSE:EOG) Shares Sold by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. trimmed its holdings in EOG Resources, Inc. (NYSE:EOG) by 22.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 1,730 shares of the energy exploration company’s stock after selling 509 shares during the period. J.W. Cole Advisors Inc.’s holdings in EOG Resources were worth $218,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of EOG. Riverview Trust Co acquired a new position in EOG Resources in the second quarter valued at about $27,000. MFA Wealth Advisors LLC purchased a new stake in shares of EOG Resources in the 2nd quarter valued at approximately $28,000. Gladius Capital Management LP acquired a new position in shares of EOG Resources in the 2nd quarter worth approximately $30,000. Sachetta LLC purchased a new position in shares of EOG Resources during the 4th quarter worth approximately $33,000. Finally, Triad Wealth Partners LLC acquired a new stake in EOG Resources in the 2nd quarter valued at approximately $35,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on EOG shares. Bank of America restated a “buy” rating and set a $151.00 price target on shares of EOG Resources in a research note on Friday, June 14th. Wolfe Research started coverage on EOG Resources in a research note on Thursday, July 18th. They set a “peer perform” rating on the stock. Piper Sandler dropped their target price on EOG Resources from $154.00 to $147.00 and set an “overweight” rating for the company in a research report on Thursday, August 15th. Scotiabank cut their price target on shares of EOG Resources from $155.00 to $150.00 and set a “sector perform” rating on the stock in a research note on Friday, July 12th. Finally, UBS Group lowered their price objective on shares of EOG Resources from $167.00 to $154.00 and set a “buy” rating for the company in a research note on Wednesday. Fourteen investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, EOG Resources has a consensus rating of “Hold” and a consensus price target of $142.89.

EOG Resources Stock Performance

Shares of EOG opened at $125.20 on Friday. The company has a quick ratio of 1.89, a current ratio of 2.12 and a debt-to-equity ratio of 0.11. EOG Resources, Inc. has a 52-week low of $108.94 and a 52-week high of $139.67. The stock has a 50 day moving average price of $125.70 and a 200 day moving average price of $126.42. The company has a market capitalization of $71.95 billion, a price-to-earnings ratio of 9.89, a price-to-earnings-growth ratio of 2.95 and a beta of 1.28.

EOG Resources (NYSE:EOG) last posted its earnings results on Thursday, August 1st. The energy exploration company reported $3.16 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 firm had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $6.07 billion. During the same period last year, the firm posted $2.49 EPS. The company’s revenue was up 8.1% on a year-over-year basis. Research analysts predict that EOG Resources, Inc. will post 12.2 EPS for the current fiscal 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. This represents a $3.64 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend is Thursday, October 17th. EOG Resources’s payout ratio is currently 28.75%.

Insider Buying and Selling

In other EOG Resources news, EVP Michael P. Donaldson sold 11,037 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 74,250 shares in the company, valued at $9,615,375. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, Director Charles R. Crisp sold 6,500 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total transaction of $816,400.00. Following the transaction, the director now owns 60,892 shares of the company’s stock, valued at $7,648,035.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Michael P. Donaldson sold 11,037 shares of the company’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 sale, the executive vice president now directly owns 74,250 shares of the company’s stock, valued at $9,615,375. The disclosure for this sale can be found here. Insiders have sold 21,537 shares of company stock worth $2,751,612 in the last quarter. 0.30% of the stock is owned by insiders.

About EOG Resources

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.