5,872 EOG Resources, Inc. $EOG Shares Acquired by Sigma Planning Corp

Sigma Planning Corp lifted its position in EOG Resources, Inc. (NYSE:EOG) by 331.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,644 shares of the energy exploration company’s stock after acquiring an additional 5,872 shares during the quarter. Sigma Planning Corp’s holdings in EOG Resources were worth $1,052,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. SJS Investment Consulting Inc. raised its position in 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 purchasing an additional 124 shares during the period. Byrne Asset Management LLC lifted its stake in EOG Resources by 469.4% in the third quarter. Byrne Asset Management LLC now owns 205 shares of the energy exploration company’s stock worth $29,000 after purchasing an additional 169 shares during the last quarter. Financial Life Planners bought a new stake in EOG Resources in the first quarter worth about $30,000. Wedbush Fund Advisers LLC bought a new stake in EOG Resources in the second quarter worth about $31,000. Finally, Global Assets Advisory LLC purchased a new position in shares of EOG Resources during the first quarter valued at approximately $37,000. Institutional investors own 89.91% of the company’s stock.

Insiders Place Their Bets

In other EOG Resources news, CEO Ezra Y. Yacob sold 35,942 shares of the company’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $152.10, for a total value of $5,466,778.20. Following the completion of 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Michael P. Donaldson sold 7,336 shares of the stock in a transaction on Friday, September 11th. The stock was sold at an average price of $148.00, for a total value of $1,085,728.00. Following the transaction, the executive vice president directly owned 100,558 shares in the company, valued at $14,882,584. The trade was a 6.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 52,317 shares of company stock worth $7,823,480 in the last ninety days. 0.14% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Jefferies Financial Group reaffirmed a “buy” rating and set a $185.00 target price on shares of EOG Resources in a research note on Saturday, October 3rd. Susquehanna raised their price target on EOG Resources from $170.00 to $187.00 and gave the stock a “positive” rating in a research note on Tuesday, October 20th. Weiss Ratings raised EOG Resources from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, September 8th. Mizuho set a $165.00 price objective on EOG Resources in a report on Thursday, October 15th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $193.00 price objective (down from $196.00) on shares of EOG Resources in a research report on Thursday, August 13th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and seventeen have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $161.24.

EOG Resources Price Performance

Shares of EOG stock opened at $162.04 on Friday. 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 capitalization of $84.99 billion, a P/E ratio of 12.61, a P/E/G ratio of 0.57 and a beta of 0.36. The company’s 50-day simple moving average is $148.79 and its two-hundred day simple moving average is $136.46. EOG Resources, Inc. has a one year low of $101.59 and a one year high of $165.11.

EOG Resources (NYSE:EOG) last issued its earnings results 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 net margin of 25.44% and a return on equity of 23.44%. The business had revenue of $8.62 billion for the quarter, compared to analyst estimates of $8.04 billion. During the same period last year, the company posted $2.32 earnings per share. The company’s quarterly revenue was up 57.4% compared to the same quarter last year. As a group, equities analysts anticipate that EOG Resources, Inc. will post 17.70 EPS for the current year.

EOG Resources Announces Dividend

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