ORG Partners LLC Raises Holdings in EOG Resources, Inc. (NYSE:EOG)

ORG Partners LLC raised its stake in EOG Resources, Inc. (NYSE:EOG) by 5.9% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 9,876 shares of the energy exploration company’s stock after buying an additional 546 shares during the period. ORG Partners LLC’s holdings in EOG Resources were worth $1,215,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Riverview Trust Co acquired a new position in EOG Resources during the 2nd quarter worth about $27,000. MFA Wealth Advisors LLC purchased a new position in EOG Resources during the 2nd quarter worth approximately $28,000. Gladius Capital Management LP purchased a new position in EOG Resources during the 2nd quarter worth approximately $30,000. Triad Wealth Partners LLC purchased a new position in EOG Resources during the 2nd quarter worth approximately $35,000. Finally, Norwood Financial Corp purchased a new position in shares of EOG Resources in the 1st quarter valued at approximately $37,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Piper Sandler reduced their price target on EOG Resources from $154.00 to $147.00 and set an “overweight” rating for the company in a report on Thursday, August 15th. KeyCorp initiated coverage on EOG Resources in a report on Thursday, June 27th. They issued an “overweight” rating and a $157.00 price target for the company. StockNews.com downgraded EOG Resources from a “buy” rating to a “hold” rating in a research report on Monday, September 16th. Barclays lowered their price objective on EOG Resources from $144.00 to $137.00 and set an “equal weight” rating for the company in a research report on Thursday, October 3rd. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $145.00 price target on shares of EOG Resources in a research report on Monday. Fourteen equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, EOG Resources has a consensus rating of “Hold” and an average target price of $141.55.

EOG Resources Trading Down 0.3 %

EOG stock traded down $0.43 during trading on Monday, hitting $132.02. The company had a trading volume of 336,931 shares, compared to its average volume of 3,182,986. The company has a quick ratio of 1.89, a current ratio of 2.12 and a debt-to-equity ratio of 0.11. The firm has a 50-day moving average price of $125.89 and a 200-day moving average price of $127.15. EOG Resources, Inc. has a 12 month low of $108.94 and a 12 month high of $139.67. The stock has a market cap of $75.87 billion, a price-to-earnings ratio of 10.38, a PEG ratio of 3.38 and a beta of 1.28.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share for the quarter, topping the consensus estimate of $2.98 by $0.18. EOG Resources had a net margin of 30.33% and a return on equity of 25.42%. The firm had revenue of $6.03 billion during the quarter, compared to analysts’ expectations of $6.07 billion. During the same quarter in the previous year, the company posted $2.49 EPS. EOG Resources’s revenue was up 8.1% on a year-over-year basis. As a group, analysts predict that EOG Resources, Inc. will post 11.83 earnings per share for the current year.

EOG Resources Dividend Announcement

The firm also recently announced 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. This represents a $3.64 annualized dividend and a dividend yield of 2.76%. The ex-dividend date is Thursday, October 17th. EOG Resources’s payout ratio is 28.75%.

Insider Activity at EOG Resources

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 value of $1,429,291.50. Following the completion of the transaction, the executive vice president now directly owns 74,250 shares of the company’s stock, valued at approximately $9,615,375. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other EOG Resources news, EVP Michael P. Donaldson sold 11,037 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $129.50, for a total value of $1,429,291.50. Following the transaction, the executive vice president now directly owns 74,250 shares of the company’s stock, valued at $9,615,375. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Charles R. Crisp sold 6,500 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total transaction of $816,400.00. Following the completion of the transaction, the director now directly owns 60,892 shares in the company, valued at approximately $7,648,035.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,537 shares of company stock worth $2,751,612 in the last quarter. Corporate insiders own 0.30% of the company’s stock.

About EOG Resources

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.