Stratos Wealth Advisors LLC Acquires 5,994 Shares of EOG Resources, Inc. (NYSE:EOG)

Stratos Wealth Advisors LLC boosted its holdings in EOG Resources, Inc. (NYSE:EOG) by 59.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,111 shares of the energy exploration company’s stock after purchasing an additional 5,994 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in EOG Resources were worth $1,981,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in EOG. Vanguard Group Inc. boosted its position in shares of EOG Resources by 0.3% during the first quarter. Vanguard Group Inc. now owns 54,275,932 shares of the energy exploration company’s stock worth $6,938,635,000 after acquiring an additional 146,674 shares during the last quarter. Capital Research Global Investors boosted its holdings in shares of EOG Resources by 1.3% during the 1st quarter. Capital Research Global Investors now owns 28,889,715 shares of the energy exploration company’s stock valued at $3,693,261,000 after purchasing an additional 373,365 shares during the last quarter. Capital World Investors grew its position in shares of EOG Resources by 5.4% during the first quarter. Capital World Investors now owns 26,782,454 shares of the energy exploration company’s stock valued at $3,423,869,000 after purchasing an additional 1,361,538 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of EOG Resources by 2.2% in the second quarter. Ameriprise Financial Inc. now owns 12,311,541 shares of the energy exploration company’s stock worth $1,549,098,000 after purchasing an additional 260,727 shares during the last quarter. Finally, Capital International Investors lifted its position in shares of EOG Resources by 7.1% in the first quarter. Capital International Investors now owns 11,564,463 shares of the energy exploration company’s stock worth $1,478,401,000 after buying an additional 766,056 shares in the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on EOG shares. Scotiabank reduced their price objective on EOG Resources from $150.00 to $140.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 10th. Susquehanna decreased their price target on shares of EOG Resources from $159.00 to $158.00 and set a “positive” rating on the stock in a research note on Wednesday, September 4th. Morgan Stanley reduced their target price on shares of EOG Resources from $134.00 to $132.00 and set an “equal weight” rating on the stock in a report on Monday, September 16th. Wells Fargo & Company lowered their price target on shares of EOG Resources from $140.00 to $135.00 and set an “equal weight” rating for the company in a report on Tuesday, October 1st. Finally, JPMorgan Chase & Co. reduced their price objective on EOG Resources from $143.00 to $135.00 and set a “neutral” rating on the stock in a research note on Thursday, September 12th. Fourteen analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, EOG Resources currently has an average rating of “Hold” and an average price target of $141.20.

Insider Transactions at EOG Resources

In related news, EVP Michael P. Donaldson sold 11,037 shares of the company’s stock in a transaction dated 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 $9,615,375. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related 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 completion of the transaction, the executive vice president now owns 74,250 shares of the company’s stock, valued at $9,615,375. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction on 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 $4,434,135.84. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,537 shares of company stock valued at $2,751,612. 0.30% of the stock is currently owned by corporate insiders.

EOG Resources Trading Down 0.3 %

EOG stock opened at $126.62 on Friday. EOG Resources, Inc. has a 12 month low of $108.94 and a 12 month high of $139.67. The firm’s 50-day moving average is $126.24 and its 200 day moving average is $127.11. The company has a market capitalization of $72.77 billion, a PE ratio of 10.00, a P/E/G 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 (NYSE:EOG) last issued its earnings results on Thursday, August 1st. The energy exploration company reported $3.16 EPS for the quarter, topping analysts’ consensus estimates of $2.98 by $0.18. The business had revenue of $6.03 billion for the quarter, compared to analyst estimates of $6.07 billion. EOG Resources had a net margin of 30.33% and a return on equity of 25.42%. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period last year, the company posted $2.49 earnings per share. On average, research analysts anticipate that EOG Resources, Inc. will post 11.83 EPS for the current year.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders 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 2.87%. The ex-dividend date of this dividend is Thursday, October 17th. EOG Resources’s dividend payout ratio is 28.75%.

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.