EOG Resources, Inc. (NYSE:EOG) Stock Holdings Lessened by Spirit of America Management Corp NY

Spirit of America Management Corp NY trimmed its stake in EOG Resources, Inc. (NYSE:EOG) by 1.7% in the third quarter, Holdings Channel.com reports. The firm owned 29,100 shares of the energy exploration company’s stock after selling 500 shares during the quarter. Spirit of America Management Corp NY’s holdings in EOG Resources were worth $3,577,000 as of its most recent SEC filing.

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

Insiders Place Their Bets

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 transaction of $1,429,291.50. Following the sale, the executive vice president now owns 74,250 shares in the company, valued at $9,615,375. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other EOG Resources news, Director Charles R. Crisp sold 6,500 shares of EOG Resources stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total transaction of $816,400.00. Following the sale, the director now owns 60,892 shares in the company, valued at $7,648,035.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Michael P. Donaldson sold 11,037 shares of the business’s stock in a transaction 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 completion of the sale, the executive vice president now owns 74,250 shares in the company, valued at $9,615,375. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,537 shares of company stock worth $2,751,612 over the last 90 days. Corporate insiders own 0.30% of the company’s stock.

EOG Resources Trading Down 0.2 %

Shares of EOG Resources stock opened at $124.43 on Friday. The company’s fifty day simple moving average is $126.12 and its 200-day simple moving average is $126.91. The company has a market cap of $71.51 billion, a price-to-earnings ratio of 9.83, a PEG ratio of 3.38 and a beta of 1.28. The company has a current ratio of 2.12, a quick ratio of 1.89 and a debt-to-equity ratio of 0.11. EOG Resources, Inc. has a 1 year low of $108.94 and a 1 year high of $139.67.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.98 by $0.18. The business had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $6.07 billion. EOG Resources had a net margin of 30.33% and a return on equity of 25.42%. EOG Resources’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the company posted $2.49 earnings per share. As a group, sell-side analysts expect that EOG Resources, Inc. will post 11.83 EPS for the current year.

EOG Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders 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 dividend on an annualized basis and a yield of 2.93%. EOG Resources’s dividend payout ratio is currently 28.75%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on EOG. JPMorgan Chase & Co. cut their price objective 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. Piper Sandler cut their price objective on shares of EOG Resources from $154.00 to $147.00 and set an “overweight” rating on the stock in a research report on Thursday, August 15th. Morgan Stanley cut their price objective on shares of 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. Truist Financial cut their price objective on shares of 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, UBS Group cut their price objective on shares of EOG Resources from $167.00 to $154.00 and set a “buy” rating on the stock in a research report on Wednesday, September 18th. Fourteen equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, EOG Resources has a consensus rating of “Hold” and an average target price 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.