Barlow Wealth Partners Inc. Acquires New Position in EOG Resources, Inc. (NYSE:EOG)

Barlow Wealth Partners Inc. acquired a new stake in EOG Resources, Inc. (NYSE:EOG) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,545 shares of the energy exploration company’s stock, valued at approximately $207,000.

A number of other hedge funds have also recently added to or reduced their stakes in EOG. Cresset Asset Management LLC lifted its position in shares of EOG Resources by 4.0% during the 4th quarter. Cresset Asset Management LLC now owns 121,066 shares of the energy exploration company’s stock valued at $14,643,000 after acquiring an additional 4,663 shares during the period. Vista Investment Management lifted its position in shares of EOG Resources by 3.9% during the 4th quarter. Vista Investment Management now owns 12,169 shares of the energy exploration company’s stock valued at $1,472,000 after acquiring an additional 452 shares during the period. RMB Capital Management LLC lifted its position in shares of EOG Resources by 12.7% during the 4th quarter. RMB Capital Management LLC now owns 66,758 shares of the energy exploration company’s stock valued at $8,074,000 after acquiring an additional 7,515 shares during the period. Continuum Advisory LLC lifted its position in shares of EOG Resources by 169.2% during the 4th quarter. Continuum Advisory LLC now owns 21,280 shares of the energy exploration company’s stock valued at $2,574,000 after acquiring an additional 13,374 shares during the period. Finally, C M Bidwell & Associates Ltd. purchased a new position in shares of EOG Resources during the 4th quarter worth approximately $234,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Susquehanna dropped their price objective on shares of EOG Resources from $159.00 to $158.00 and set a “positive” rating for the company in a research note on Wednesday, September 4th. JPMorgan Chase & Co. dropped their price objective on shares of EOG Resources from $143.00 to $135.00 and set a “neutral” rating for the company in a research note on Thursday, September 12th. Wolfe Research assumed coverage on shares of EOG Resources in a research note on Thursday, July 18th. They set a “peer perform” rating for the company. Royal Bank of Canada reissued a “sector perform” rating and set a $147.00 price objective on shares of EOG Resources in a research note on Wednesday, July 10th. Finally, UBS Group lowered 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 note on Wednesday, September 18th. Fourteen research 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.com, EOG Resources presently has an average rating of “Hold” and an average target price of $142.15.

EOG Resources Stock Down 0.3 %

Shares of NYSE:EOG traded down $0.36 during midday trading on Wednesday, hitting $130.01. 150,089 shares of the company’s stock traded hands, compared to its average volume of 3,203,653. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.89 and a current ratio of 2.12. The company has a market cap of $74.72 billion, a PE ratio of 10.30, a P/E/G ratio of 3.27 and a beta of 1.28. The firm’s fifty day moving average price is $125.43 and its two-hundred day moving average price is $127.03. EOG Resources, Inc. has a twelve month low of $108.94 and a twelve month high of $139.67.

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 business had revenue of $6.03 billion for the quarter, compared to analyst estimates of $6.07 billion. During the same quarter in the previous year, the business posted $2.49 EPS. The business’s quarterly revenue was up 8.1% on a year-over-year basis. On average, equities research analysts anticipate that EOG Resources, Inc. will post 11.91 EPS 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 issued a $0.91 dividend. The ex-dividend date is Thursday, October 17th. This represents a $3.64 dividend on an annualized basis and a yield of 2.80%. EOG Resources’s dividend payout ratio is currently 28.75%.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $126.48, for a total value of $505,920.00. Following the transaction, 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 filing with the SEC, which is available through the SEC website. In other news, EVP Michael P. Donaldson sold 11,037 shares of the company’s 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 owns 74,250 shares in the company, valued at approximately $9,615,375. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the company’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 completion of the sale, the chief operating officer now owns 35,058 shares in the company, valued at approximately $4,434,135.84. This trade represents a 0.00 % decrease in their position. 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 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.