EOG Resources, Inc. (NYSE:EOG) Shares Purchased by Graham Capital Wealth Management LLC

Graham Capital Wealth Management LLC lifted its position in EOG Resources, Inc. (NYSE:EOG) by 2.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,550 shares of the energy exploration company’s stock after acquiring an additional 441 shares during the period. EOG Resources accounts for 2.5% of Graham Capital Wealth Management LLC’s holdings, making the stock its 17th largest position. Graham Capital Wealth Management LLC’s holdings in EOG Resources were worth $2,403,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in EOG. Northwest Investment Counselors LLC acquired a new stake in shares of EOG Resources in the third quarter worth approximately $26,000. Riverview Trust Co acquired a new position in EOG Resources during the second quarter worth $27,000. MFA Wealth Advisors LLC acquired a new position in EOG Resources during the second quarter worth $28,000. Eastern Bank acquired a new position in EOG Resources during the third quarter worth $28,000. Finally, Gladius Capital Management LP acquired a new position in EOG Resources during the second quarter worth $30,000. 89.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on EOG. KeyCorp lowered their price objective on EOG Resources from $157.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Wolfe Research initiated coverage on EOG Resources in a research note on Thursday, July 18th. They issued a “peer perform” rating on the stock. Morgan Stanley decreased their price target on EOG Resources from $134.00 to $132.00 and set an “equal weight” rating on the stock in a research note on Monday, September 16th. Sanford C. Bernstein decreased their price target on EOG Resources from $139.00 to $125.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 17th. Finally, Evercore ISI decreased their price target on EOG Resources from $150.00 to $145.00 and set an “outperform” rating on the stock in a research note on Monday, September 30th. Fourteen analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, EOG Resources has a consensus rating of “Hold” and a consensus target price of $141.20.

EOG Resources Stock Down 1.0 %

NYSE EOG traded down $1.27 during trading hours on Friday, hitting $123.17. 3,050,759 shares of the company were exchanged, compared to its average volume of 2,686,914. The company has a 50 day moving average of $125.95 and a two-hundred day moving average of $126.74. The company has a quick ratio of 1.89, a current ratio of 2.12 and a debt-to-equity ratio of 0.11. EOG Resources, Inc. has a 52-week low of $108.94 and a 52-week high of $139.67. The firm has a market cap of $70.03 billion, a price-to-earnings ratio of 9.51, a PEG ratio of 3.26 and a beta of 1.28.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Thursday, August 1st. The energy exploration company reported $3.16 EPS for the quarter, beating analysts’ consensus estimates of $2.98 by $0.18. EOG Resources had a return on equity of 25.42% and a net margin of 30.33%. The business had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $6.07 billion. During the same quarter in the prior year, the business posted $2.49 EPS. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. Equities research analysts anticipate that EOG Resources, Inc. will post 11.71 earnings per share for the current year.

EOG Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be issued a $0.91 dividend. The ex-dividend date is Thursday, October 17th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.96%. EOG Resources’s payout ratio is currently 28.11%.

Insider Activity

In other news, EVP Michael P. Donaldson sold 11,037 shares of the stock in a transaction dated Monday, August 26th. The stock was 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 owns 74,250 shares in the company, valued at approximately $9,615,375. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Charles R. Crisp sold 6,500 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total value of $816,400.00. Following the completion of the sale, the director now directly owns 60,892 shares of the company’s stock, valued at $7,648,035.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael P. Donaldson sold 11,037 shares of the company’s 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 completion of the sale, the executive vice president now directly owns 74,250 shares of the company’s stock, valued at approximately $9,615,375. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,537 shares of company stock worth $2,751,612. 0.30% of the stock is currently owned by insiders.

EOG Resources Profile

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.