EOG Resources, Inc. (NYSE:EOG) Shares Bought by Global Retirement Partners LLC

Global Retirement Partners LLC boosted its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 21.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,907 shares of the energy exploration company’s stock after buying an additional 512 shares during the quarter. Global Retirement Partners LLC’s holdings in EOG Resources were worth $357,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EOG. Riverview Trust Co acquired a new position in EOG Resources during the second quarter worth about $27,000. MFA Wealth Advisors LLC purchased a new stake in shares of EOG Resources in the second quarter valued at about $28,000. Gladius Capital Management LP purchased a new stake in shares of EOG Resources in the second quarter valued at about $30,000. Triad Wealth Partners LLC purchased a new stake in shares of EOG Resources in the second quarter valued at about $35,000. Finally, Norwood Financial Corp purchased a new stake in shares of EOG Resources in the first quarter valued at about $37,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EOG has been the topic of several recent research reports. Wells Fargo & Company reduced their price target on shares of EOG Resources from $140.00 to $135.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 1st. UBS Group reduced their price objective on shares of EOG Resources from $167.00 to $154.00 and set a “buy” rating on the stock in a research note on Wednesday, September 18th. Scotiabank reduced their price objective on shares of EOG Resources from $150.00 to $140.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 10th. KeyCorp reduced their price objective on shares of EOG Resources from $157.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Finally, Evercore ISI reduced their price objective on shares of EOG Resources from $150.00 to $145.00 and set an “outperform” rating on the stock in a research note on Monday, September 30th. Fourteen investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $141.20.

Insider Transactions at EOG Resources

In other news, EVP Michael P. Donaldson sold 11,037 shares of the stock in a transaction 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 completion of the sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Charles R. Crisp sold 6,500 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total transaction of $816,400.00. Following the completion of the sale, the director now directly owns 60,892 shares of the company’s stock, valued at approximately $7,648,035.20. 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 firm’s stock in a transaction 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 sale, the executive vice president now directly owns 74,250 shares of the company’s stock, valued at approximately $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 valued at $2,751,612 over the last 90 days. Corporate insiders own 0.30% of the company’s stock.

EOG Resources Price Performance

EOG Resources stock opened at $125.71 on Tuesday. EOG Resources, Inc. has a 52-week low of $108.94 and a 52-week high of $139.67. The firm has a fifty day moving average of $126.18 and a 200-day moving average of $127.01. The firm has a market capitalization of $72.25 billion, a P/E ratio of 9.93, a PEG ratio of 3.38 and a beta of 1.28. 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 (NYSE:EOG) last released its quarterly earnings data on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share (EPS) for the quarter, topping 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 company had revenue of $6.03 billion during the quarter, compared to analyst estimates of $6.07 billion. During the same quarter in the prior year, the business earned $2.49 earnings per share. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. As a group, analysts predict that EOG Resources, Inc. will post 11.83 EPS for the current year.

EOG Resources Announces Dividend

The firm 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 $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 2.90%. The ex-dividend date of this dividend is Thursday, October 17th. EOG Resources’s payout ratio is currently 28.75%.

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.