Segment Wealth Management LLC Increases Stock Position in EOG Resources, Inc. (NYSE:EOG)

Segment Wealth Management LLC grew its position in shares of EOG Resources, Inc. (NYSE:EOG) by 1.6% in the third quarter, HoldingsChannel reports. The firm owned 116,874 shares of the energy exploration company’s stock after buying an additional 1,848 shares during the quarter. Segment Wealth Management LLC’s holdings in EOG Resources were worth $14,367,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in EOG. Northwest Investment Counselors LLC purchased a new position in EOG Resources during the 3rd quarter valued at approximately $26,000. Riverview Trust Co bought a new position in shares of EOG Resources during the 2nd quarter valued at approximately $27,000. MFA Wealth Advisors LLC bought a new position in shares of EOG Resources during the 2nd quarter valued at approximately $28,000. Eastern Bank purchased a new position in shares of EOG Resources in the third quarter valued at $28,000. Finally, Gladius Capital Management LP bought a new stake in EOG Resources in the second quarter worth $30,000. 89.91% of the stock is owned by institutional investors.

Insider Activity at EOG Resources

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

EOG Resources Stock Performance

Shares of NYSE:EOG opened at $125.07 on Wednesday. The firm’s 50 day simple moving average is $126.16 and its 200-day simple moving average is $126.93. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.89 and a current ratio of 2.12. EOG Resources, Inc. has a one year low of $108.94 and a one year high of $139.67. The firm has a market cap of $71.88 billion, a PE ratio of 9.88, a price-to-earnings-growth ratio of 3.38 and a beta of 1.28.

EOG Resources (NYSE:EOG) last announced its earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.98 by $0.18. The business had revenue of $6.03 billion for 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% on a year-over-year basis. During the same quarter last year, the firm earned $2.49 EPS. As a group, equities analysts predict that EOG Resources, Inc. will post 11.83 EPS for the current year.

EOG Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 17th will be paid a dividend of $0.91 per share. The ex-dividend date is Thursday, October 17th. This represents a $3.64 annualized dividend and a dividend yield of 2.91%. EOG Resources’s dividend payout ratio (DPR) is presently 28.75%.

Analyst Ratings Changes

A number of brokerages have commented on EOG. StockNews.com cut shares of EOG Resources from a “buy” rating to a “hold” rating in a research note on Monday, September 16th. KeyCorp reduced their price objective on EOG Resources from $157.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Wells Fargo & Company lowered their price objective on EOG Resources from $140.00 to $135.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 1st. Truist Financial cut 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. Finally, Wolfe Research began coverage on EOG Resources in a research report on Thursday, July 18th. They issued a “peer perform” rating for the company. Fourteen investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, EOG Resources presently has an average rating of “Hold” and a consensus price target of $141.20.

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.