3,287 Shares of EOG Resources, Inc. $EOG Acquired by Signal Advisors Wealth LLC

Signal Advisors Wealth LLC acquired a new stake in EOG Resources, Inc. (NYSE:EOG) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,287 shares of the energy exploration company’s stock, valued at approximately $453,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SJS Investment Consulting Inc. grew its position in shares of EOG Resources by 225.5% in the 1st quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock worth $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% during the 3rd quarter. Byrne Asset Management LLC now owns 205 shares of the energy exploration company’s stock valued at $29,000 after acquiring an additional 169 shares in the last quarter. Financial Life Planners acquired a new stake in shares of EOG Resources during the 1st quarter valued at approximately $30,000. Wedbush Fund Advisers LLC bought a new position in EOG Resources during the second quarter worth $31,000. Finally, Global Assets Advisory LLC bought a new position in EOG Resources during the first quarter worth $37,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insider Activity

In other news, CEO Ezra Yacob sold 35,942 shares of the company’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $152.10, for a total transaction of $5,466,778.20. Following the completion of the transaction, the chief executive officer owned 242,451 shares in the company, valued at approximately $36,876,797.10. This represents a 12.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jeffrey Leitzell sold 9,039 shares of the company’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 transaction, the chief operating officer owned 90,790 shares of the company’s stock, valued at $12,765,981.90. This represents a 9.05% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 52,317 shares of company stock valued at $7,823,480. 0.14% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on EOG shares. Capital One Financial downgraded shares of EOG Resources from an “overweight” rating to an “equal weight” rating and set a $153.00 price objective for the company. in a report on Wednesday, August 26th. Wells Fargo & Company reissued an “overweight” rating and set a $193.00 target price (down from $196.00) on shares of EOG Resources in a report on Thursday, August 13th. Roth Capital reissued a “neutral” rating and set a $138.00 target price on shares of EOG Resources in a report on Wednesday, August 5th. Seaport Research Partners began coverage on shares of EOG Resources in a research report on Thursday, September 3rd. They issued a “neutral” rating on the stock. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $185.00 price target on shares of EOG Resources in a report on Saturday, October 3rd. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eighteen have issued a Hold rating to the stock. According to data from MarketBeat.com, EOG Resources currently has an average rating of “Hold” and an average target price of $160.56.

EOG Resources Stock Performance

Shares of NYSE EOG traded up $5.35 during mid-day trading on Friday, hitting $157.97. The company had a trading volume of 5,299,175 shares, compared to its average volume of 3,051,736. The stock has a market cap of $82.86 billion, a price-to-earnings ratio of 12.29, a PEG ratio of 0.55 and a beta of 0.36. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $158.37. 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 firm’s 50 day simple moving average is $145.98 and its two-hundred day simple moving average is $140.29.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Tuesday, August 4th. The energy exploration company reported $5.07 EPS for the quarter, topping analysts’ consensus estimates of $4.97 by $0.10. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%. The firm 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 business earned $2.32 EPS. The firm’s revenue was up 57.4% on a year-over-year basis. As a group, equities research analysts forecast that EOG Resources, Inc. will post 17.48 earnings per share for the current year.

EOG Resources Dividend Announcement

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 issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, October 16th. This represents a $4.08 annualized dividend and a dividend yield of 2.6%. EOG Resources’s payout ratio is 31.75%.

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.