Dana Investment Advisors Inc. Has $3.64 Million Holdings in EOG Resources, Inc. (NYSE:EOG)

Dana Investment Advisors Inc. cut its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 2.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,890 shares of the energy exploration company’s stock after selling 689 shares during the quarter. Dana Investment Advisors Inc.’s holdings in EOG Resources were worth $3,636,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in EOG. Riverview Trust Co bought a new position in EOG Resources during the 2nd quarter worth $27,000. MFA Wealth Advisors LLC bought a new position in shares of EOG Resources in the second quarter worth $28,000. Gladius Capital Management LP acquired a new position in EOG Resources in the second quarter valued at about $30,000. Triad Wealth Partners LLC bought a new stake in EOG Resources during the second quarter worth about $35,000. Finally, Norwood Financial Corp acquired a new stake in EOG Resources during the first quarter worth about $37,000. 89.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Truist Financial dropped 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 report on Monday. Wolfe Research began coverage on shares of EOG Resources in a research report on Thursday, July 18th. They set a “peer perform” rating for the company. JPMorgan Chase & Co. reduced their target price on EOG Resources from $143.00 to $135.00 and set a “neutral” rating on the stock in a report on Thursday, September 12th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $147.00 price target on shares of EOG Resources in a research note on Wednesday, July 10th. Finally, Susquehanna dropped their price objective on 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 assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $142.50.

EOG Resources Price Performance

EOG stock opened at $126.93 on Wednesday. The company has a market capitalization of $72.95 billion, a P/E ratio of 10.03, a PEG ratio of 3.27 and a beta of 1.28. The company has a fifty day moving average price of $124.91 and a 200-day moving average price of $126.81. 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, Inc. has a 52-week low of $108.94 and a 52-week high of $139.67.

EOG Resources (NYSE:EOG) last announced 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. EOG Resources had a return on equity of 25.42% and a net margin of 30.33%. The business had revenue of $6.03 billion during the quarter, compared to analyst estimates of $6.07 billion. During the same period last year, the company earned $2.49 EPS. EOG Resources’s revenue for the quarter was up 8.1% compared to the same quarter last year. As a group, equities analysts expect that EOG Resources, Inc. will post 11.91 EPS for the current year.

EOG Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 17th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 2.87%. The ex-dividend date of this dividend is Thursday, October 17th. EOG Resources’s payout ratio is presently 28.75%.

Insider Buying and Selling at EOG Resources

In other news, EVP Michael P. Donaldson sold 11,037 shares of the business’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 transaction, the executive vice president now owns 74,250 shares in the company, valued at approximately $9,615,375. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Michael P. Donaldson sold 11,037 shares of EOG Resources stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $129.50, for a total value 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 filing with the SEC, which is accessible through this hyperlink. Also, Director Charles R. Crisp sold 6,500 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were 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 in the company, valued at approximately $7,648,035.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,537 shares of company stock valued at $2,751,612. 0.30% of the stock is currently owned by company insiders.

About EOG Resources

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.