Farther Finance Advisors LLC Has $621,000 Holdings in EOG Resources, Inc. (NYSE:EOG)

Farther Finance Advisors LLC boosted its position in EOG Resources, Inc. (NYSE:EOG) by 137.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,905 shares of the energy exploration company’s stock after buying an additional 2,836 shares during the quarter. Farther Finance Advisors LLC’s holdings in EOG Resources were worth $621,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Wright Investors Service Inc. grew its stake in EOG Resources by 0.8% in the 1st quarter. Wright Investors Service Inc. now owns 10,163 shares of the energy exploration company’s stock valued at $1,299,000 after buying an additional 80 shares during the last quarter. CVA Family Office LLC boosted its holdings in 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 purchasing an additional 81 shares during the period. Bailard Inc. boosted its holdings 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 period. Field & Main Bank boosted its holdings in EOG Resources by 1.4% in the 1st quarter. Field & Main Bank now owns 6,163 shares of the energy exploration company’s stock valued at $788,000 after purchasing an additional 83 shares during the period. Finally, PDS Planning Inc boosted its holdings in EOG Resources by 4.1% in the 1st quarter. PDS Planning Inc now owns 2,152 shares of the energy exploration company’s stock valued at $275,000 after purchasing an additional 84 shares during the period. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on EOG shares. Royal Bank of Canada reissued a “sector perform” rating and issued a $147.00 price target on shares of EOG Resources in a report on Wednesday, July 10th. Sanford C. Bernstein reduced their price target on shares of EOG Resources from $139.00 to $125.00 and set a “market perform” rating for the company in a report on Wednesday, July 17th. Susquehanna increased their price target on shares of EOG Resources from $155.00 to $159.00 and gave the company a “positive” rating in a report on Monday, August 5th. Mizuho raised their price objective on shares of EOG Resources from $140.00 to $156.00 and gave the stock a “buy” rating in a report on Monday, May 13th. Finally, Bank of America reaffirmed a “buy” rating and set a $151.00 price objective on shares of EOG Resources in a report on Friday, June 14th. Thirteen analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $144.00.

EOG Resources Stock Down 0.9 %

Shares of NYSE:EOG opened at $128.82 on Tuesday. EOG Resources, Inc. has a one year low of $108.94 and a one year high of $139.67. The company has a 50 day moving average of $126.91 and a 200-day moving average of $125.93. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.12 and a quick ratio of 1.89. The stock has a market cap of $74.03 billion, a price-to-earnings ratio of 10.18, a P/E/G ratio of 3.22 and a beta of 1.30.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Thursday, August 1st. The energy exploration company reported $3.16 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 analysts’ expectations of $6.07 billion. During the same quarter in the previous year, the company earned $2.49 EPS. EOG Resources’s revenue was up 8.1% on a year-over-year basis. On average, sell-side analysts forecast that EOG Resources, Inc. will post 12.2 earnings per share for the current year.

EOG Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 2.83%. The ex-dividend date is Thursday, October 17th. EOG Resources’s dividend payout ratio is 28.75%.

Insider Transactions at EOG Resources

In other news, Director Charles R. Crisp sold 6,500 shares of EOG Resources stock in a transaction that occurred 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 owns 60,892 shares in the company, valued at approximately $7,648,035.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Charles R. Crisp sold 6,500 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 60,892 shares in the company, valued at $7,648,035.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $126.48, for a total transaction of $505,920.00. Following the transaction, the chief operating officer now owns 35,058 shares of the company’s stock, valued at approximately $4,434,135.84. The disclosure for this sale can be found here. Insiders sold a total of 21,537 shares of company stock worth $2,751,612 in the last quarter. 0.30% of the stock is owned by company insiders.

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.