Integrated Advisors Network LLC Grows Stake in EOG Resources, Inc. (NYSE:EOG)

Integrated Advisors Network LLC lifted its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 2.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 25,370 shares of the energy exploration company’s stock after buying an additional 722 shares during the quarter. Integrated Advisors Network LLC’s holdings in EOG Resources were worth $3,119,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. MBA Advisors LLC increased its position in EOG Resources by 4.6% in the third quarter. MBA Advisors LLC now owns 2,429 shares of the energy exploration company’s stock worth $299,000 after buying an additional 106 shares during the last quarter. Pallas Capital Advisors LLC grew its stake in shares of EOG Resources by 5.1% during the 3rd quarter. Pallas Capital Advisors LLC now owns 2,089 shares of the energy exploration company’s stock worth $260,000 after acquiring an additional 101 shares during the period. Nisa Investment Advisors LLC increased its holdings in EOG Resources by 3.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 184,754 shares of the energy exploration company’s stock worth $22,712,000 after acquiring an additional 6,416 shares during the last quarter. Asahi Life Asset Management CO. LTD. raised its stake in EOG Resources by 37.8% in the 3rd quarter. Asahi Life Asset Management CO. LTD. now owns 3,830 shares of the energy exploration company’s stock valued at $471,000 after acquiring an additional 1,050 shares during the period. Finally, Semanteon Capital Management LP bought a new position in EOG Resources during the third quarter worth about $205,000. Institutional investors own 89.91% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on EOG. Truist Financial lowered their price target 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. Susquehanna cut their price target on EOG Resources from $159.00 to $158.00 and set a “positive” rating for the company in a report on Wednesday, September 4th. Scotiabank decreased 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. Sanford C. Bernstein dropped their price objective on EOG Resources from $139.00 to $125.00 and set a “market perform” rating on the stock in a report on Wednesday, July 17th. Finally, JPMorgan Chase & Co. reduced their target price on EOG Resources from $143.00 to $135.00 and set a “neutral” rating for the company in a report on Thursday, September 12th. Fourteen equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock 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 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 completion of 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 sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, EVP Michael P. Donaldson sold 11,037 shares of the company’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 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 filing with the SEC, which is available through this link. 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 transaction of $505,920.00. Following the sale, 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,537 shares of company stock worth $2,751,612. Company insiders own 0.30% of the company’s stock.

EOG Resources Stock Performance

Shares of NYSE EOG opened at $120.49 on Wednesday. The stock’s 50-day moving average is $125.73 and its 200 day moving average is $126.45. The stock has a market cap of $69.25 billion, a price-to-earnings ratio of 9.52, a P/E/G ratio of 3.26 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. 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 (NYSE:EOG) last issued its quarterly earnings results on Thursday, August 1st. The energy exploration company reported $3.16 EPS for the quarter, beating analysts’ consensus estimates of $2.98 by $0.18. EOG Resources had a net margin of 30.33% and a return on equity of 25.42%. The business had revenue of $6.03 billion for 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 quarterly revenue was up 8.1% on a year-over-year basis. On average, sell-side analysts anticipate that EOG Resources, Inc. will post 11.71 EPS for the current fiscal year.

EOG Resources Announces Dividend

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 given a dividend of $0.91 per share. The ex-dividend date is Thursday, October 17th. This represents a $3.64 annualized dividend and a yield of 3.02%. EOG Resources’s payout ratio is 28.75%.

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.