EOG Resources, Inc. $EOG Shares Purchased by Turtle Creek Wealth Advisors LLC

Turtle Creek Wealth Advisors LLC lifted its position in shares of EOG Resources, Inc. (NYSE:EOG) by 5.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 105,280 shares of the energy exploration company’s stock after purchasing an additional 5,117 shares during the quarter. Turtle Creek Wealth Advisors LLC’s holdings in EOG Resources were worth $14,503,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EOG. BlackRock Inc. bought a new stake in shares of EOG Resources during the 2nd quarter valued at about $5,905,587,000. Dimensional Fund Advisors LP boosted its position in shares of EOG Resources by 0.9% during the first quarter. Dimensional Fund Advisors LP now owns 5,865,073 shares of the energy exploration company’s stock valued at $848,228,000 after purchasing an additional 54,091 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in EOG Resources by 5.5% in the first quarter. Bank of New York Mellon Corp now owns 4,928,984 shares of the energy exploration company’s stock worth $712,583,000 after purchasing an additional 259,015 shares in the last quarter. Bank of America Corp DE bought a new position in EOG Resources in the second quarter worth $551,321,000. Finally, First Trust Advisors LP boosted its holdings in shares of EOG Resources by 15.7% during the 1st quarter. First Trust Advisors LP now owns 3,446,002 shares of the energy exploration company’s stock valued at $498,189,000 after buying an additional 468,090 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Performance

EOG traded down $1.07 during midday trading on Thursday, hitting $153.12. 920,992 shares of the company traded hands, compared to its average volume of 4,035,474. The company’s 50-day moving average is $145.19 and its 200 day moving average is $140.14. EOG Resources, Inc. has a 52 week low of $101.59 and a 52 week high of $155.00. The firm has a market capitalization of $80.32 billion, a PE ratio of 11.92, a price-to-earnings-growth ratio of 0.56 and a beta of 0.36. The company has a quick ratio of 1.68, a current ratio of 1.85 and a debt-to-equity ratio of 0.25.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share for the quarter, beating 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 firm had revenue of $8.62 billion during the quarter, compared to analysts’ expectations of $8.04 billion. During the same period in the previous year, the company earned $2.32 earnings per share. The firm’s quarterly revenue was up 57.4% on a year-over-year basis. On average, research analysts expect that EOG Resources, Inc. will post 17.13 EPS for the current year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 16th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Friday, October 16th. EOG Resources’s dividend payout ratio (DPR) is 31.75%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on EOG shares. Capital One Financial lowered shares of EOG Resources from an “overweight” rating to an “equal weight” rating and set a $153.00 target price for the company. in a report on Wednesday, August 26th. Susquehanna reaffirmed a “positive” rating and issued a $170.00 target price (up from $166.00) on shares of EOG Resources in a report on Tuesday, July 21st. Truist Financial boosted their price objective on shares of EOG Resources from $153.00 to $160.00 and gave the stock a “hold” rating in a report on Friday, October 2nd. Scotiabank began coverage on shares of EOG Resources in a report on Wednesday. They issued a “sector perform” rating and a $144.00 price objective for the company. Finally, Wall Street Zen raised EOG Resources from a “hold” rating to a “buy” rating in a research report on Saturday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eighteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $160.56.

Insider Activity at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 9,039 shares of the business’s stock in a transaction dated Friday, September 25th. The stock was sold at an average price of $140.61, for a total transaction 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. The trade was a 9.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Michael P. Donaldson sold 7,336 shares of the business’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $148.00, for a total value of $1,085,728.00. Following the sale, 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 ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 52,317 shares of company stock worth $7,823,480. 0.14% of the stock is owned by insiders.

EOG Resources Company 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. 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.