Foundations Investment Advisors LLC Buys 178 Shares of EOG Resources, Inc. (NYSE:EOG)

Foundations Investment Advisors LLC lifted its position in EOG Resources, Inc. (NYSE:EOG) by 10.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,838 shares of the energy exploration company’s stock after purchasing an additional 178 shares during the quarter. Foundations Investment Advisors LLC’s holdings in EOG Resources were worth $226,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Wealthcare Advisory Partners LLC purchased a new stake in shares of EOG Resources during the 1st quarter worth approximately $202,000. Wealth Enhancement Advisory Services LLC increased its position in EOG Resources by 13.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 113,757 shares of the energy exploration company’s stock worth $14,543,000 after purchasing an additional 13,051 shares during the last quarter. Vicus Capital bought a new stake in EOG Resources in the first quarter worth $273,000. Founders Financial Securities LLC purchased a new stake in EOG Resources during the first quarter valued at $996,000. Finally, Trilogy Capital Inc. bought a new position in EOG Resources during the first quarter valued at $2,856,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

EOG Resources Stock Performance

EOG Resources stock opened at $123.17 on Friday. 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 company has a market capitalization of $70.03 billion, a PE ratio of 9.51, a P/E/G ratio of 3.26 and a beta of 1.28. The company has a 50 day moving average price of $125.95 and a 200-day moving average price of $126.81. EOG Resources, Inc. has a fifty-two week low of $108.94 and a fifty-two week high of $139.67.

EOG Resources (NYSE:EOG) last issued its earnings results 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. The business had revenue of $6.03 billion during the quarter, compared to analysts’ expectations of $6.07 billion. EOG Resources had a return on equity of 25.42% and a net margin of 30.33%. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the prior year, the business earned $2.49 EPS. As a group, equities analysts forecast that EOG Resources, Inc. will post 11.71 earnings per share for the current year.

EOG Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders 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 yield of 2.96%. The ex-dividend date of this dividend is Thursday, October 17th. EOG Resources’s dividend payout ratio (DPR) is 28.11%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Royal Bank of Canada restated a “sector perform” rating and issued a $145.00 target price on shares of EOG Resources in a report on Monday, October 14th. Evercore ISI reduced their price objective on EOG Resources from $150.00 to $145.00 and set an “outperform” rating on the stock in a research note on Monday, September 30th. Truist Financial lowered their price objective on EOG Resources from $130.00 to $115.00 and set a “hold” rating for the company in a research note on Monday, September 30th. Piper Sandler cut their target price on EOG Resources from $154.00 to $147.00 and set an “overweight” rating on the stock in a research report on Thursday, August 15th. Finally, Wolfe Research assumed coverage on EOG Resources in a research report on Thursday, July 18th. They issued a “peer perform” rating for the company. Fourteen research 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $141.20.

Insider Activity

In other news, EVP Michael P. Donaldson sold 11,037 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 74,250 shares in the company, valued at approximately $9,615,375. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Michael P. Donaldson sold 11,037 shares of the business’s stock in a transaction on 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 trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $126.48, for a total value of $505,920.00. Following the sale, the chief operating officer now directly owns 35,058 shares in the company, valued at approximately $4,434,135.84. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,537 shares of company stock worth $2,751,612. 0.30% of the stock is currently owned by corporate insiders.

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.