Bruce G. Allen Investments LLC Increases Stock Position in EOG Resources, Inc. (NYSE:EOG)

Bruce G. Allen Investments LLC increased its position in shares of EOG Resources, Inc. (NYSE:EOG) by 47.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,153 shares of the energy exploration company’s stock after buying an additional 372 shares during the period. Bruce G. Allen Investments LLC’s holdings in EOG Resources were worth $142,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in EOG. RMB Capital Management LLC boosted its holdings in EOG Resources by 12.7% during the fourth quarter. RMB Capital Management LLC now owns 66,758 shares of the energy exploration company’s stock worth $8,074,000 after buying an additional 7,515 shares in the last quarter. Continuum Advisory LLC lifted its holdings in EOG Resources by 169.2% during the fourth quarter. Continuum Advisory LLC now owns 21,280 shares of the energy exploration company’s stock valued at $2,574,000 after purchasing an additional 13,374 shares in the last quarter. C M Bidwell & Associates Ltd. purchased a new position in EOG Resources during the fourth quarter valued at $234,000. Brevan Howard Capital Management LP raised its position in shares of EOG Resources by 564.3% in the fourth quarter. Brevan Howard Capital Management LP now owns 13,133 shares of the energy exploration company’s stock valued at $1,588,000 after buying an additional 11,156 shares during the last quarter. Finally, Blackstone Inc. raised its position in shares of EOG Resources by 44.6% in the fourth quarter. Blackstone Inc. now owns 6,813 shares of the energy exploration company’s stock valued at $824,000 after buying an additional 2,100 shares during the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. KeyCorp assumed coverage on shares of EOG Resources in a research report on Thursday, June 27th. They issued an “overweight” rating and a $157.00 target price for the company. Sanford C. Bernstein cut their price objective on shares of EOG Resources from $139.00 to $125.00 and set a “market perform” rating for the company in a research report on Wednesday, July 17th. Scotiabank cut 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 research report on Friday, July 12th. Truist Financial cut their price objective on shares of EOG Resources from $130.00 to $115.00 and set a “hold” rating for the company in a research report on Monday, September 30th. Finally, Susquehanna dropped their price target on shares of EOG Resources from $159.00 to $158.00 and set a “positive” rating for the company in a research report on Wednesday, September 4th. Fourteen investment 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 company. According to data from MarketBeat.com, EOG Resources has an average rating of “Hold” and an average price target of $142.15.

Insider Activity

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 value 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 filing with the SEC, which can be accessed through the SEC website. In other EOG Resources news, EVP Michael P. Donaldson sold 11,037 shares of the business’s 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 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Charles R. Crisp sold 6,500 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total transaction of $816,400.00. Following the sale, 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 disclosure for this sale can be found here. Insiders have sold 21,537 shares of company stock valued at $2,751,612 in the last ninety days. 0.30% of the stock is currently owned by company insiders.

EOG Resources Stock Up 0.5 %

Shares of NYSE:EOG opened at $130.97 on Thursday. The company has a market capitalization of $75.27 billion, a PE ratio of 10.35, a P/E/G ratio of 3.27 and a beta of 1.28. The company has a current ratio of 2.12, a quick ratio of 1.89 and a debt-to-equity ratio of 0.11. EOG Resources, Inc. has a twelve month low of $108.94 and a twelve month high of $139.67. The firm has a 50 day simple moving average of $125.43 and a 200-day simple moving average of $127.03.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share for the quarter, topping the consensus estimate of $2.98 by $0.18. The business had revenue of $6.03 billion during the quarter, compared to the consensus estimate of $6.07 billion. EOG Resources had a net margin of 30.33% and a return on equity of 25.42%. The company’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.49 EPS. On average, equities analysts predict that EOG Resources, Inc. will post 11.91 EPS for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be issued a $0.91 dividend. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.78%. EOG Resources’s payout ratio is 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.