EOG Resources, Inc. (NYSE:EOG) Shares Bought by Raymond James & Associates

Raymond James & Associates lifted its position in shares of EOG Resources, Inc. (NYSE:EOG) by 6.1% during the third quarter, Holdings Channel.com reports. The firm owned 986,545 shares of the energy exploration company’s stock after acquiring an additional 56,515 shares during the period. Raymond James & Associates’ holdings in EOG Resources were worth $121,276,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in EOG. Riverview Trust Co purchased a new position in shares of EOG Resources in the 2nd quarter valued at about $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 acquired a new stake in EOG Resources in the second quarter valued at approximately $30,000. Triad Wealth Partners LLC purchased a new stake in shares of EOG Resources in the second quarter valued at approximately $35,000. Finally, Norwood Financial Corp acquired a new position in shares of EOG Resources during the 1st quarter worth approximately $37,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

EOG Resources Stock Performance

EOG Resources stock opened at $126.62 on Monday. The firm has a 50 day simple moving average of $126.24 and a 200-day simple moving average of $127.06. The stock has a market cap of $72.77 billion, a price-to-earnings ratio of 10.00, a price-to-earnings-growth ratio of 3.38 and a beta of 1.28. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.12 and a quick ratio of 1.89. EOG Resources, Inc. has a 1-year low of $108.94 and a 1-year high of $139.67.

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. EOG Resources had a return on equity of 25.42% and a net margin of 30.33%. The company had revenue of $6.03 billion during the quarter, compared to analyst estimates of $6.07 billion. During the same period in the prior year, the business posted $2.49 earnings per share. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. On average, analysts expect 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. Investors of record on Thursday, October 17th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date is Thursday, October 17th. EOG Resources’s payout ratio is 28.75%.

Analyst Upgrades and Downgrades

EOG has been the subject of several recent analyst reports. Piper Sandler cut their price target on shares of EOG Resources from $154.00 to $147.00 and set an “overweight” rating for the company in a report on Thursday, August 15th. Truist Financial cut their target price on shares of EOG Resources from $130.00 to $115.00 and set a “hold” rating for the company in a research note on Monday, September 30th. StockNews.com lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a research note on Monday, September 16th. UBS Group cut their price objective on EOG Resources from $167.00 to $154.00 and set a “buy” rating for the company in a research note on Wednesday, September 18th. Finally, Evercore ISI decreased their target price on EOG Resources from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Monday, September 30th. Fourteen investment 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 company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $141.20.

Insider Activity at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction dated 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 transaction, the chief operating officer now owns 35,058 shares of the company’s stock, valued at $4,434,135.84. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other EOG Resources news, Director Charles R. Crisp sold 6,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total value of $816,400.00. Following the sale, the director now owns 60,892 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction 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 transaction, the chief operating officer now owns 35,058 shares in the company, valued at $4,434,135.84. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,537 shares of company stock worth $2,751,612. Company insiders own 0.30% of the company’s stock.

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.