EOG Resources, Inc. $EOG Shares Bought by Sigma Planning Corp

Sigma Planning Corp increased its holdings in EOG Resources, Inc. (NYSE:EOG) by 331.4% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 7,644 shares of the energy exploration company’s stock after purchasing an additional 5,872 shares during the quarter. Sigma Planning Corp’s holdings in EOG Resources were worth $1,052,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. SJS Investment Consulting Inc. boosted its position 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 acquiring an additional 124 shares in the last quarter. Byrne Asset Management LLC raised its position in shares of EOG Resources by 469.4% in the 3rd quarter. Byrne Asset Management LLC now owns 205 shares of the energy exploration company’s stock worth $29,000 after acquiring an additional 169 shares in the last quarter. Financial Life Planners bought a new position in shares of EOG Resources in the 1st quarter worth $30,000. Wedbush Fund Advisers LLC purchased a new stake in shares of EOG Resources during the 2nd quarter worth $31,000. Finally, Global Assets Advisory LLC purchased a new stake in shares of EOG Resources during the 1st quarter worth $37,000. Institutional investors own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on EOG. Raymond James Financial reaffirmed a “strong-buy” rating and set a $186.00 price objective (up from $183.00) on shares of EOG Resources in a research report on Thursday, September 17th. Seaport Research Partners began coverage on shares of EOG Resources in a research report on Thursday, September 3rd. They set a “neutral” rating for the company. Stifel Nicolaus started coverage on shares of EOG Resources in a report on Thursday, September 10th. They issued a “hold” rating and a $158.00 price target on the stock. Truist Financial lifted their price objective on shares of EOG Resources from $153.00 to $160.00 and gave the stock a “hold” rating in a research report on Friday, October 2nd. Finally, UBS Group reiterated a “buy” rating and set a $186.00 price objective (up from $183.00) on shares of EOG Resources in a research note on Friday, October 9th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seventeen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, EOG Resources currently has an average rating of “Hold” and an average price target of $161.24.

Insider Activity

In related news, COO Jeffrey R. Leitzell sold 9,039 shares of EOG Resources stock in a transaction that occurred on Friday, September 25th. The shares were sold at an average price of $140.61, for a total value of $1,270,973.79. Following the completion of the sale, the chief operating officer directly owned 90,790 shares in the company, valued at $12,765,981.90. This trade represents a 9.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ezra Y. Yacob sold 35,942 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The stock was 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 represents a 12.91% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 52,317 shares of company stock worth $7,823,480 over the last 90 days. 0.14% of the stock is currently owned by corporate insiders.

EOG Resources Stock Up 0.7%

Shares of EOG stock opened at $162.04 on Friday. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $165.11. The stock’s fifty day moving average price is $148.79 and its 200 day moving average price is $136.46. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.85 and a quick ratio of 1.68. The company has a market cap of $84.99 billion, a price-to-earnings ratio of 12.61, a price-to-earnings-growth 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 EPS for the quarter, beating analysts’ consensus estimates of $4.97 by $0.10. The company had revenue of $8.62 billion during the quarter, compared to analysts’ expectations of $8.04 billion. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%. The firm’s revenue was up 57.4% compared to the same quarter last year. During the same period last year, the business posted $2.32 earnings per share. On average, research analysts expect that EOG Resources, Inc. will post 17.70 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 16th will be issued a dividend of $1.02 per share. The ex-dividend date is Friday, October 16th. This represents a $4.08 annualized dividend and a dividend yield of 2.5%. EOG Resources’s dividend payout ratio is 31.75%.

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.