Private Advisor Group LLC Has $1.81 Million Holdings in EOG Resources, Inc. (NYSE:EOG)

Private Advisor Group LLC decreased its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 4.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,373 shares of the energy exploration company’s stock after selling 614 shares during the quarter. Private Advisor Group LLC’s holdings in EOG Resources were worth $1,809,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Riverview Trust Co bought a new stake in shares of EOG Resources during the 2nd quarter valued at approximately $27,000. MFA Wealth Advisors LLC acquired a new stake in EOG Resources in the second quarter valued at approximately $28,000. Gladius Capital Management LP bought a new stake in shares of EOG Resources during the second quarter worth $30,000. Sachetta LLC acquired a new position in shares of EOG Resources during the fourth quarter worth $33,000. Finally, Triad Wealth Partners LLC bought a new position in shares of EOG Resources in the 2nd quarter valued at $35,000. Institutional investors own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

EOG has been the topic of a number of research reports. Truist Financial reduced their price objective on EOG Resources from $136.00 to $130.00 and set a “hold” rating on the stock in a research report on Monday, July 22nd. Bank of America restated a “buy” rating and set a $151.00 price target on shares of EOG Resources in a report on Friday, June 14th. Scotiabank dropped their price objective on shares of EOG Resources from $155.00 to $150.00 and set a “sector perform” rating for the company in a report on Friday, July 12th. Susquehanna reduced their target price on shares of EOG Resources from $159.00 to $158.00 and set a “positive” rating on the stock in a report on Wednesday, September 4th. Finally, Citigroup upped their price target on shares of EOG Resources from $124.00 to $130.00 and gave the company a “neutral” rating in a research report on Friday, May 24th. Thirteen research 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 data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $143.63.

Insider Activity at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s stock in a transaction that occurred 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 sale, the chief operating officer now owns 35,058 shares of the company’s stock, valued at $4,434,135.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 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. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael P. Donaldson sold 11,037 shares of EOG Resources stock in a transaction dated 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 transaction, the executive vice president now owns 74,250 shares of the company’s stock, valued at $9,615,375. The disclosure for this sale can be found here. Insiders sold 21,537 shares of company stock valued at $2,751,612 in the last three months. Corporate insiders own 0.30% of the company’s stock.

EOG Resources Price Performance

Shares of EOG opened at $119.37 on Friday. The firm has a market cap of $67.87 billion, a PE ratio of 9.43, a price-to-earnings-growth ratio of 2.95 and a beta of 1.28. EOG Resources, Inc. has a 52-week low of $108.94 and a 52-week high of $139.67. The business’s 50 day moving average price is $125.93 and its two-hundred day moving average price is $126.17. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.89 and a current ratio of 2.12.

EOG Resources (NYSE:EOG) last issued 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 business had revenue of $6.03 billion for the quarter, compared to analyst estimates of $6.07 billion. EOG Resources had a net margin of 30.33% and a return on equity of 25.42%. EOG Resources’s revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.49 earnings per share. On average, equities analysts anticipate that EOG Resources, Inc. will post 12.2 EPS for the current year.

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be paid a $0.91 dividend. The ex-dividend date is Thursday, October 17th. This represents a $3.64 annualized dividend and a dividend yield of 3.05%. EOG Resources’s dividend payout ratio is presently 28.75%.

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.