EOG Resources, Inc. (NYSE:EOG) Shares Acquired by Creative Planning

Creative Planning lifted its holdings in EOG Resources, Inc. (NYSE:EOG) by 0.9% during the third quarter, Holdings Channel reports. The fund owned 209,875 shares of the energy exploration company’s stock after buying an additional 1,773 shares during the quarter. Creative Planning’s holdings in EOG Resources were worth $25,800,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. UniSuper Management Pty Ltd raised its stake in shares of EOG Resources by 228.4% during the 1st quarter. UniSuper Management Pty Ltd now owns 15,626 shares of the energy exploration company’s stock valued at $1,998,000 after buying an additional 10,868 shares during the last quarter. Bryn Mawr Capital Management LLC acquired a new position in EOG Resources in the first quarter valued at approximately $1,217,000. Romano Brothers AND Company purchased a new stake in EOG Resources in the 1st quarter worth approximately $1,349,000. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of EOG Resources by 57.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 380,287 shares of the energy exploration company’s stock worth $46,192,000 after purchasing an additional 138,869 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of EOG Resources by 0.7% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,491,898 shares of the energy exploration company’s stock valued at $190,724,000 after purchasing an additional 9,894 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on EOG shares. Evercore ISI lowered their price target on shares of EOG Resources from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Monday, September 30th. 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 research report on Monday, September 30th. Sanford C. Bernstein reduced their price target on EOG Resources from $139.00 to $125.00 and set a “market perform” rating for the company in a report on Wednesday, July 17th. Scotiabank dropped their price objective on EOG Resources from $150.00 to $140.00 and set a “sector perform” rating on the stock in a report on Thursday, October 10th. Finally, Wolfe Research started coverage on EOG Resources in a research note on Thursday, July 18th. They set a “peer perform” rating for the company. Fourteen 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. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $141.20.

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 sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Michael P. Donaldson sold 11,037 shares of EOG Resources 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 owns 74,250 shares in the company, valued at approximately $9,615,375. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’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 of the company’s stock, valued at approximately $4,434,135.84. This represents 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 over the last 90 days. 0.30% of the stock is owned by insiders.

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 Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $3.64 annualized dividend and a yield of 2.87%. EOG Resources’s dividend payout ratio (DPR) 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.