EOG Resources, Inc. (NYSE:EOG) Stock Holdings Lifted by NovaPoint Capital LLC

NovaPoint Capital LLC raised its position in shares of EOG Resources, Inc. (NYSE:EOG) by 4.0% in the third quarter, Holdings Channel reports. The firm owned 22,225 shares of the energy exploration company’s stock after buying an additional 862 shares during the period. NovaPoint Capital LLC’s holdings in EOG Resources were worth $2,732,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Blue Trust Inc. lifted its stake in EOG Resources by 32.6% in the third quarter. Blue Trust Inc. now owns 10,748 shares of the energy exploration company’s stock valued at $1,353,000 after acquiring an additional 2,644 shares during the last quarter. Riverview Trust Co lifted its stake in shares of EOG Resources by 92.6% in the 3rd quarter. Riverview Trust Co now owns 416 shares of the energy exploration company’s stock valued at $51,000 after purchasing an additional 200 shares during the last quarter. Net Worth Advisory Group bought a new stake in EOG Resources in the third quarter worth $741,000. Stratos Wealth Advisors LLC increased its position in EOG Resources by 59.2% during the third quarter. Stratos Wealth Advisors LLC now owns 16,111 shares of the energy exploration company’s stock worth $1,981,000 after buying an additional 5,994 shares during the last quarter. Finally, Aaron Wealth Advisors LLC raised its holdings in EOG Resources by 19.6% during the third quarter. Aaron Wealth Advisors LLC now owns 4,641 shares of the energy exploration company’s stock valued at $570,000 after buying an additional 760 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Michael P. Donaldson sold 11,037 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the sale, the executive vice president now directly owns 74,250 shares in the company, valued at $9,615,375. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $126.48, for a total value of $505,920.00. Following the completion of the transaction, the chief operating officer now directly owns 35,058 shares of the company’s stock, valued at $4,434,135.84. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Michael P. Donaldson sold 11,037 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was 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 owns 74,250 shares in the company, valued at approximately $9,615,375. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,537 shares of company stock worth $2,751,612. Insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on EOG shares. Truist Financial lowered their price objective on EOG Resources from $130.00 to $115.00 and set a “hold” rating on the stock in a report on Monday, September 30th. JPMorgan Chase & Co. dropped their price target on shares of EOG Resources from $143.00 to $135.00 and set a “neutral” rating on the stock in a research report on Thursday, September 12th. Sanford C. Bernstein lowered 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 note on Wednesday, July 17th. Royal Bank of Canada reissued a “sector perform” rating and set a $145.00 target price on shares of EOG Resources in a research report on Monday, October 14th. Finally, Morgan Stanley lowered their price target on EOG Resources from $134.00 to $132.00 and set an “equal weight” rating on the stock in a research report on Monday, September 16th. 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 company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $141.20.

EOG Resources Trading Down 0.3 %

Shares of EOG opened at $126.62 on Friday. The stock has a 50 day simple moving average of $126.24 and a 200-day simple moving average of $127.15. The company has a current ratio of 2.12, a quick ratio of 1.89 and a debt-to-equity ratio of 0.11. The stock has a market cap of $72.77 billion, a PE ratio of 10.00, a PEG ratio of 3.38 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.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data 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. 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 analysts’ expectations of $6.07 billion. During the same period last year, the business earned $2.49 earnings per share. The business’s revenue was up 8.1% on a year-over-year basis. On average, sell-side analysts predict that EOG Resources, Inc. will post 11.83 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The company 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 annualized dividend and a dividend yield of 2.87%. The ex-dividend date of this dividend is Thursday, October 17th. EOG Resources’s payout ratio is 28.75%.

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.