3,287 Shares of EOG Resources, Inc. $EOG Acquired by Signal Advisors Wealth LLC

Signal Advisors Wealth LLC bought a new position in shares of EOG Resources, Inc. (NYSE:EOG) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 3,287 shares of the energy exploration company’s stock, valued at approximately $453,000.

A number of other institutional investors have also recently added to or reduced their stakes in EOG. Ifrah Financial Services Inc. raised its position in EOG Resources by 100.5% in the third quarter. Ifrah Financial Services Inc. now owns 7,867 shares of the energy exploration company’s stock worth $1,084,000 after acquiring an additional 3,944 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its position in shares of EOG Resources by 41.9% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 2,365 shares of the energy exploration company’s stock valued at $326,000 after purchasing an additional 698 shares in the last quarter. Krilogy Financial LLC boosted its position in shares of EOG Resources by 8.6% during the 3rd quarter. Krilogy Financial LLC now owns 8,738 shares of the energy exploration company’s stock valued at $1,315,000 after purchasing an additional 694 shares in the last quarter. Sax Wealth Advisors LLC boosted its position in shares of EOG Resources by 20.9% during the 3rd quarter. Sax Wealth Advisors LLC now owns 3,515 shares of the energy exploration company’s stock valued at $484,000 after purchasing an additional 608 shares in the last quarter. Finally, Baldwin Wealth Partners LLC MA grew its stake in shares of EOG Resources by 1.3% in the 3rd quarter. Baldwin Wealth Partners LLC MA now owns 25,167 shares of the energy exploration company’s stock worth $3,467,000 after purchasing an additional 324 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other EOG Resources news, EVP Michael Donaldson sold 7,336 shares of EOG Resources stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $148.00, for a total transaction of $1,085,728.00. Following the transaction, the executive vice president directly owned 100,558 shares in the company, valued at approximately $14,882,584. The trade was a 6.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Ezra Yacob sold 35,942 shares of the business’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $152.10, for a total transaction of $5,466,778.20. Following the sale, the chief executive officer directly owned 242,451 shares in the company, valued at approximately $36,876,797.10. This trade represents a 12.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 52,317 shares of company stock valued at $7,823,480. Company insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

EOG has been the subject of several recent research reports. Weiss Ratings raised shares of EOG Resources from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, September 8th. Seaport Research Partners assumed coverage on shares of EOG Resources in a report on Thursday, September 3rd. They set a “neutral” rating for the company. Stifel Nicolaus started coverage on shares of EOG Resources in a research report on Thursday, September 10th. They issued a “hold” rating and a $158.00 price target on the stock. Barclays set a $147.00 price target on EOG Resources and gave the company an “equal weight” rating in a report on Monday, August 17th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $151.00 price target (up from $127.00) on shares of EOG Resources in a report on Monday, August 24th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eighteen have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $160.56.

EOG Resources Trading Up 3.5%

Shares of EOG traded up $5.35 during midday trading on Friday, hitting $157.97. The stock had a trading volume of 5,299,175 shares, compared to its average volume of 3,051,736. EOG Resources, Inc. has a fifty-two week low of $101.59 and a fifty-two week high of $158.37. The business has a 50-day simple moving average of $145.98 and a two-hundred day simple moving average of $140.29. The firm has a market cap of $82.86 billion, a P/E ratio of 12.29, a price-to-earnings-growth ratio of 0.55 and a beta of 0.36. The company has a current ratio of 1.85, a quick ratio of 1.68 and a debt-to-equity ratio of 0.25.

EOG Resources (NYSE:EOG) last released its earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share for the quarter, topping the consensus estimate of $4.97 by $0.10. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The business had revenue of $8.62 billion for the quarter, compared to the consensus estimate of $8.04 billion. During the same period last year, the firm posted $2.32 earnings per share. The firm’s quarterly revenue was up 57.4% compared to the same quarter last year. As a group, equities analysts forecast that EOG Resources, Inc. will post 17.48 EPS for the current year.

EOG Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 16th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Friday, October 16th. This represents a $4.08 dividend on an annualized basis and a yield of 2.6%. EOG Resources’s dividend payout ratio (DPR) is currently 31.75%.

About EOG Resources

EOG Resources, Inc is an independent exploration and production company engaged in finding, developing, producing and marketing crude oil, natural gas liquids and natural gas. The company focuses on large-scale, onshore assets and applies drilling, completion and other technologies to develop unconventional oil and natural gas resources.

EOG’s principal operations are located in the United States, including the Permian Basin in Texas and New Mexico, the Eagle Ford in South Texas and the Rocky Mountain region.