Raleigh Capital Management Inc. Purchases 242 Shares of EOG Resources, Inc. (NYSE:EOG)

Raleigh Capital Management Inc. boosted its position in EOG Resources, Inc. (NYSE:EOG) by 106.1% during the 3rd quarter, Holdings Channel reports. The fund owned 470 shares of the energy exploration company’s stock after buying an additional 242 shares during the period. Raleigh Capital Management Inc.’s holdings in EOG Resources were worth $58,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC acquired a new stake in EOG Resources in the 3rd quarter valued at $26,000. Riverview Trust Co bought a new position in shares of EOG Resources in the second quarter valued at $27,000. MFA Wealth Advisors LLC bought a new stake in shares of EOG Resources during the second quarter worth about $28,000. Gladius Capital Management LP acquired a new stake in shares of EOG Resources in the 2nd quarter worth about $30,000. Finally, Triad Wealth Partners LLC bought a new position in EOG Resources in the 2nd quarter valued at about $35,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insider Buying and Selling

In related news, Director Charles R. Crisp sold 6,500 shares of the stock in a transaction 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 transaction, the director now owns 60,892 shares of the company’s stock, valued at $7,648,035.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other EOG Resources news, Director Charles R. Crisp sold 6,500 shares of the company’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 completion of the sale, the director now owns 60,892 shares of the company’s stock, valued at $7,648,035.20. This represents 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 the SEC website. Also, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $126.48, for a total transaction of $505,920.00. Following the transaction, the chief operating officer now directly 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. Over the last ninety days, insiders sold 21,537 shares of company stock worth $2,751,612. Corporate insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on EOG shares. Truist Financial dropped their target price on EOG Resources from $130.00 to $115.00 and set a “hold” rating on the stock in a report on Monday, September 30th. Barclays lowered their target price on shares of EOG Resources from $144.00 to $137.00 and set an “equal weight” rating for the company in a report on Thursday, October 3rd. StockNews.com downgraded shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Monday, September 16th. Sanford C. Bernstein dropped their target price on shares of EOG Resources from $139.00 to $125.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 17th. Finally, Evercore ISI reduced their target price on EOG Resources from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Monday, September 30th. Fourteen analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $141.20.

EOG Resources Price Performance

NYSE:EOG opened at $124.73 on Thursday. EOG Resources, Inc. has a 52-week low of $108.94 and a 52-week high of $139.67. The stock has a fifty day moving average of $126.12 and a 200 day moving average of $126.91. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.89 and a current ratio of 2.12. The firm has a market capitalization of $71.68 billion, a price-to-earnings ratio of 9.85, a P/E/G ratio of 3.38 and a beta of 1.28.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.98 by $0.18. The firm had revenue of $6.03 billion during the quarter, compared to the consensus estimate of $6.07 billion. EOG Resources had a return on equity of 25.42% and a net margin of 30.33%. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter last year, the company posted $2.49 EPS. On average, research analysts expect that EOG Resources, Inc. will post 11.83 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date of this dividend is Thursday, October 17th. EOG Resources’s dividend payout ratio is currently 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.