Cullen Investment Group LTD. Acquires 114 Shares of EOG Resources, Inc. (NYSE:EOG)

Cullen Investment Group LTD. raised its holdings in EOG Resources, Inc. (NYSE:EOG) by 5.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,033 shares of the energy exploration company’s stock after acquiring an additional 114 shares during the quarter. Cullen Investment Group LTD.’s holdings in EOG Resources were worth $250,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Riverview Trust Co bought a new position in EOG Resources during the second quarter worth about $27,000. MFA Wealth Advisors LLC acquired a new stake in EOG Resources during the 2nd quarter worth approximately $28,000. Gladius Capital Management LP acquired a new stake in shares of EOG Resources during the second quarter worth $30,000. Triad Wealth Partners LLC bought a new stake in EOG Resources in the 2nd quarter valued at $35,000. Finally, Norwood Financial Corp acquired a new position in EOG Resources in the 1st quarter worth $37,000. Institutional investors own 89.91% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Michael P. Donaldson sold 11,037 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now directly owns 74,250 shares of the company’s stock, valued at $9,615,375. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $126.48, for a total transaction of $505,920.00. Following the sale, the chief operating officer now owns 35,058 shares in the company, valued at $4,434,135.84. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Michael P. Donaldson sold 11,037 shares of EOG Resources 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 in the company, valued at $9,615,375. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,537 shares of company stock worth $2,751,612 over the last three months. Insiders own 0.30% of the company’s stock.

EOG Resources Stock Performance

NYSE:EOG traded up $2.33 during mid-day trading on Friday, reaching $133.12. 2,720,440 shares of the company’s stock were exchanged, compared to its average volume of 3,224,520. EOG Resources, Inc. has a one year low of $108.94 and a one year high of $139.67. The business’s fifty day simple moving average is $125.16 and its two-hundred day simple moving average is $126.93. The firm has a market capitalization of $76.51 billion, a PE ratio of 10.52, a price-to-earnings-growth ratio of 3.27 and a beta of 1.28. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.89 and a current ratio of 2.12.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $6.07 billion. EOG Resources had a return on equity of 25.42% and a net margin of 30.33%. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.49 EPS. Analysts anticipate that EOG Resources, Inc. will post 11.91 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on EOG shares. StockNews.com cut EOG Resources from a “buy” rating to a “hold” rating in a research report on Monday, September 16th. Scotiabank cut their price objective on shares of EOG Resources from $155.00 to $150.00 and set a “sector perform” rating on the stock in a research report on Friday, July 12th. UBS Group decreased their target price on shares of EOG Resources from $167.00 to $154.00 and set a “buy” rating for the company in a research report on Wednesday, September 18th. Truist Financial cut their price target on shares of EOG Resources from $130.00 to $115.00 and set a “hold” rating on the stock in a research report on Monday, September 30th. Finally, Susquehanna dropped their target price on EOG Resources from $159.00 to $158.00 and set a “positive” rating on the stock in a report on Wednesday, September 4th. Fourteen analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, EOG Resources currently has an average rating of “Hold” and an average price target of $142.15.

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.