EOG Resources, Inc. $EOG Shares Newly Bought by USA Financial Formulas

USA Financial Formulas bought a new position in EOG Resources, Inc. (NYSE:EOG) during the 3rd quarter, Holdings Channel reports. The fund bought 3,276 shares of the energy exploration company’s stock, valued at approximately $451,000.

Several other large investors also recently modified their holdings of the business. SJS Investment Consulting Inc. increased its holdings in EOG Resources by 225.5% during the 1st quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock valued at $26,000 after purchasing an additional 124 shares during the period. Byrne Asset Management LLC raised its position in EOG Resources by 469.4% during the 3rd quarter. Byrne Asset Management LLC now owns 205 shares of the energy exploration company’s stock valued at $29,000 after purchasing an additional 169 shares during the last quarter. Financial Life Planners purchased a new stake in EOG Resources in the 1st quarter worth approximately $30,000. Wedbush Fund Advisers LLC purchased a new stake in EOG Resources in the 2nd quarter worth approximately $31,000. Finally, Global Assets Advisory LLC purchased a new stake in EOG Resources in the 1st quarter worth approximately $37,000. 89.91% of the stock is owned by institutional investors.

EOG Resources Trading Up 3.5%

Shares of EOG opened at $157.97 on Friday. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $158.37. The company has a current ratio of 1.85, a quick ratio of 1.68 and a debt-to-equity ratio of 0.25. The firm’s 50-day moving average price is $145.98 and its 200-day moving average price is $140.29. The firm has a market capitalization of $82.86 billion, a price-to-earnings ratio of 12.29, a PEG ratio of 0.57 and a beta of 0.36.

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

EOG Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Friday, October 16th. EOG Resources’s payout ratio is presently 31.75%.

Insider Buying and Selling at EOG Resources

In other news, EVP Michael P. Donaldson sold 7,336 shares of the stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $148.00, for a total value of $1,085,728.00. Following the completion of the transaction, the executive vice president owned 100,558 shares of the company’s stock, valued at approximately $14,882,584. This represents a 6.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ezra Y. Yacob sold 35,942 shares of the stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $152.10, for a total value of $5,466,778.20. Following the completion of the transaction, the chief executive officer directly owned 242,451 shares of the company’s stock, valued at $36,876,797.10. This represents a 12.91% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 52,317 shares of company stock valued at $7,823,480. 0.14% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

EOG has been the topic of a number of recent analyst reports. Wells Fargo & Company reiterated an “overweight” rating and issued a $193.00 price objective (down from $196.00) on shares of EOG Resources in a research report on Thursday, August 13th. UBS Group restated a “buy” rating and set a $186.00 target price (up from $183.00) on shares of EOG Resources in a report on Friday, October 9th. Stifel Nicolaus started coverage on EOG Resources in a report on Thursday, September 10th. They set a “hold” rating and a $158.00 target price for the company. Roth Capital reaffirmed a “neutral” rating and issued a $138.00 price target on shares of EOG Resources in a research note on Wednesday, August 5th. Finally, Mizuho set a $165.00 price target on EOG Resources in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eighteen have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $160.56.

EOG Resources Profile

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. Its operations focus on large, high-quality onshore and international assets, supported by technical expertise in horizontal drilling and hydraulic fracturing.

The company’s principal U.S. activities are concentrated in major shale and onshore plays, including the Delaware Basin, Eagle Ford and other producing regions in Texas and the Rocky Mountains.