NovaPoint Capital LLC raised its position in shares of EOG Resources, Inc. (NYSE:EOG – Free Report) 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
Check Out Our Latest Stock Analysis on EOG
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 – Get Free Report) 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.
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