Marion Wealth Management Boosts Position in EOG Resources, Inc. (NYSE:EOG)

Marion Wealth Management lifted its position in EOG Resources, Inc. (NYSE:EOG) by 2.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,011 shares of the energy exploration company’s stock after purchasing an additional 238 shares during the quarter. Marion Wealth Management’s holdings in EOG Resources were worth $1,476,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Wright Investors Service Inc. increased its position in EOG Resources by 0.8% during the first quarter. Wright Investors Service Inc. now owns 10,163 shares of the energy exploration company’s stock worth $1,299,000 after buying an additional 80 shares during the period. CVA Family Office LLC increased its holdings in shares of EOG Resources by 11.0% in the 2nd quarter. CVA Family Office LLC now owns 820 shares of the energy exploration company’s stock valued at $103,000 after acquiring an additional 81 shares during the period. Bailard Inc. raised its position in EOG Resources by 0.4% in the 2nd quarter. Bailard Inc. now owns 19,899 shares of the energy exploration company’s stock valued at $2,505,000 after purchasing an additional 81 shares during the last quarter. Field & Main Bank grew its position in EOG Resources by 1.4% during the 1st quarter. Field & Main Bank now owns 6,163 shares of the energy exploration company’s stock worth $788,000 after purchasing an additional 83 shares during the last quarter. Finally, Everpar Advisors LLC increased its stake in EOG Resources by 3.6% in the third quarter. Everpar Advisors LLC now owns 2,380 shares of the energy exploration company’s stock valued at $293,000 after purchasing an additional 83 shares during the period. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at EOG Resources

In other 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 value of $505,920.00. Following the completion of the transaction, the chief operating officer now directly owns 35,058 shares of the company’s stock, valued at $4,434,135.84. 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 the SEC website. In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $126.48, for a total transaction of $505,920.00. Following the sale, the chief operating officer now directly owns 35,058 shares of the company’s stock, valued at $4,434,135.84. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michael P. Donaldson sold 11,037 shares of the business’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 transaction of $1,429,291.50. Following the completion of the transaction, the executive vice president now directly owns 74,250 shares of the company’s stock, valued at approximately $9,615,375. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,537 shares of company stock worth $2,751,612. 0.30% of the stock is owned by insiders.

EOG Resources Trading Down 2.2 %

Shares of EOG stock opened at $131.27 on Tuesday. EOG Resources, Inc. has a fifty-two week low of $108.94 and a fifty-two week high of $139.67. The company has a quick ratio of 1.89, a current ratio of 2.12 and a debt-to-equity ratio of 0.11. The business has a fifty day simple moving average of $125.16 and a 200-day simple moving average of $126.94. The stock has a market cap of $75.44 billion, a P/E ratio of 10.61, a P/E/G ratio of 3.27 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 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 firm had revenue of $6.03 billion during the quarter, compared to the consensus estimate of $6.07 billion. During the same period last year, the firm posted $2.49 EPS. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, analysts forecast that EOG Resources, Inc. will post 11.91 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 17th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend is Thursday, October 17th. EOG Resources’s payout ratio is currently 28.75%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on EOG. Truist Financial lowered their price target on EOG Resources from $130.00 to $115.00 and set a “hold” rating on the stock in a report on Monday, September 30th. Royal Bank of Canada reissued a “sector perform” rating and issued a $147.00 target price on shares of EOG Resources in a report on Wednesday, July 10th. 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 assumed coverage on shares of EOG Resources in a research report on Thursday, July 18th. They issued a “peer perform” rating on the stock. Finally, Barclays cut their price objective on shares of EOG Resources from $144.00 to $137.00 and set an “equal weight” rating for the company in a research report on Thursday, October 3rd. Fourteen investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $142.15.

EOG Resources 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.