EOG Resources, Inc. (NYSE:EOG) Shares Bought by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. raised its stake in EOG Resources, Inc. (NYSE:EOG) by 1.2% during the second quarter, Holdings Channel reports. The firm owned 281,893 shares of the energy exploration company’s stock after purchasing an additional 3,470 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in EOG Resources were worth $35,482,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Riverview Trust Co acquired a new position in shares of EOG Resources in the 2nd quarter valued at $27,000. MFA Wealth Advisors LLC acquired a new position in shares of EOG Resources in the 2nd quarter valued at $28,000. Gladius Capital Management LP acquired a new position in shares of EOG Resources during the 2nd quarter valued at $30,000. Sachetta LLC acquired a new position in shares of EOG Resources during the 4th quarter valued at $33,000. Finally, Triad Wealth Partners LLC acquired a new position in shares of EOG Resources during the 2nd quarter valued at $35,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. 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. Royal Bank of Canada restated a “sector perform” rating and set a $147.00 target price on shares of EOG Resources in a report on Wednesday, July 10th. UBS Group reduced their target price on shares of EOG Resources from $167.00 to $154.00 and set a “buy” rating on the stock in a report on Wednesday. KeyCorp assumed coverage on shares of EOG Resources in a report on Thursday, June 27th. They set an “overweight” rating and a $157.00 target price on the stock. Finally, Piper Sandler reduced their target price on shares of EOG Resources from $154.00 to $147.00 and set an “overweight” rating on the stock in a report on Thursday, August 15th. Fourteen equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, EOG Resources has a consensus rating of “Hold” and a consensus target price of $142.89.

Insider Activity

In other EOG Resources news, EVP Michael P. Donaldson sold 11,037 shares of the business’s 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 completion of the transaction, the executive vice president now directly owns 74,250 shares of the company’s stock, valued at approximately $9,615,375. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Michael P. Donaldson sold 11,037 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 74,250 shares of the company’s stock, valued at approximately $9,615,375. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the company’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 transaction of $505,920.00. Following the completion of the sale, the chief operating officer now directly owns 35,058 shares of the company’s stock, valued at $4,434,135.84. The disclosure for this sale can be found here. In the last three months, insiders sold 21,537 shares of company stock valued at $2,751,612. Company insiders own 0.30% of the company’s stock.

EOG Resources Price Performance

EOG opened at $125.20 on Friday. The company has a 50-day moving average of $125.70 and a 200-day moving average of $126.42. The company has a market capitalization of $71.95 billion, a P/E ratio of 9.89, a PEG ratio of 2.95 and a beta of 1.28. EOG Resources, Inc. has a 1-year low of $108.94 and a 1-year high of $139.67. 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 posted its quarterly earnings results on Thursday, August 1st. The energy exploration company reported $3.16 EPS for the quarter, beating 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 business had revenue of $6.03 billion during the quarter, compared to analyst estimates of $6.07 billion. During the same period in the previous year, the business posted $2.49 EPS. The company’s quarterly revenue was up 8.1% on a year-over-year basis. Equities analysts expect that EOG Resources, Inc. will post 12.2 EPS for the current fiscal 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 issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 2.91%. The ex-dividend date is Thursday, October 17th. EOG Resources’s dividend payout ratio (DPR) is presently 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.