Sequoia Financial Advisors LLC Acquires 3,251 Shares of EOG Resources, Inc. (NYSE:EOG)

Sequoia Financial Advisors LLC increased its holdings in EOG Resources, Inc. (NYSE:EOG) by 44.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,603 shares of the energy exploration company’s stock after buying an additional 3,251 shares during the period. Sequoia Financial Advisors LLC’s holdings in EOG Resources were worth $1,303,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of EOG. UniSuper Management Pty Ltd increased its position in shares of EOG Resources by 228.4% during the first quarter. UniSuper Management Pty Ltd now owns 15,626 shares of the energy exploration company’s stock valued at $1,998,000 after buying an additional 10,868 shares during the period. Bryn Mawr Capital Management LLC bought a new stake in EOG Resources during the 1st quarter worth approximately $1,217,000. Romano Brothers AND Company purchased a new stake in EOG Resources in the 1st quarter worth approximately $1,349,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in EOG Resources by 57.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 380,287 shares of the energy exploration company’s stock valued at $46,192,000 after purchasing an additional 138,869 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of EOG Resources by 0.7% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,491,898 shares of the energy exploration company’s stock worth $190,724,000 after purchasing an additional 9,894 shares during the period. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EOG has been the subject of several research analyst reports. Wolfe Research began coverage on EOG Resources in a research note on Thursday, July 18th. They set a “peer perform” rating for the company. KeyCorp decreased 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 report on Wednesday, October 16th. JPMorgan Chase & Co. cut their price target 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. Morgan Stanley dropped their price objective on shares of EOG Resources from $134.00 to $132.00 and set an “equal weight” rating for the company in a report on Monday, September 16th. Finally, Truist Financial reduced their target price on EOG Resources from $130.00 to $115.00 and set a “hold” 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 issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $141.20.

Insider Buying and Selling

In other EOG Resources news, Director Charles R. Crisp sold 6,500 shares of the business’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 transaction, the director now directly owns 60,892 shares of the company’s stock, valued at approximately $7,648,035.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Charles R. Crisp sold 6,500 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were 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 in the company, valued at $7,648,035.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michael P. Donaldson sold 11,037 shares of the stock in a transaction dated Monday, August 26th. The stock was 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. 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 quarter. 0.30% of the stock is owned by company insiders.

EOG Resources Price Performance

Shares of EOG Resources stock opened at $123.17 on Friday. The company’s fifty day simple moving average is $126.05 and its two-hundred day simple moving average is $126.90. EOG Resources, Inc. has a 12-month low of $108.94 and a 12-month high of $139.67. The firm has a market cap of $70.79 billion, a PE ratio of 9.73, a price-to-earnings-growth 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 posted its earnings results 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. The company had revenue of $6.03 billion for 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%. EOG Resources’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the firm earned $2.49 earnings per share. As a group, equities analysts expect that EOG Resources, Inc. will post 11.83 EPS for the current year.

EOG Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 17th will be issued a dividend of $0.91 per share. The ex-dividend date is Thursday, October 17th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.96%. EOG Resources’s dividend payout ratio is presently 28.75%.

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.