4,724 Shares in EOG Resources, Inc. $EOG Purchased by Leo Wealth LLC

Leo Wealth LLC acquired a new stake in EOG Resources, Inc. (NYSE:EOG) during the third quarter, HoldingsChannel reports. The fund acquired 4,724 shares of the energy exploration company’s stock, valued at approximately $651,000.

Other institutional investors have also recently bought and sold shares of the company. Sigma Planning Corp raised its position in shares of EOG Resources by 331.4% during the 3rd quarter. Sigma Planning Corp now owns 7,644 shares of the energy exploration company’s stock valued at $1,052,000 after acquiring an additional 5,872 shares during the last quarter. Paladin Wealth LLC lifted its stake in shares of EOG Resources by 53.2% in the 3rd quarter. Paladin Wealth LLC now owns 2,440 shares of the energy exploration company’s stock valued at $336,000 after purchasing an additional 847 shares during the period. Signaturefd LLC lifted its stake in shares of EOG Resources by 10.0% in the 3rd quarter. Signaturefd LLC now owns 8,397 shares of the energy exploration company’s stock valued at $1,157,000 after purchasing an additional 766 shares during the period. Citizens Financial Group Inc. RI boosted its position in shares of EOG Resources by 26.1% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 20,624 shares of the energy exploration company’s stock worth $2,841,000 after purchasing an additional 4,268 shares during the last quarter. Finally, Middleton & Co. Inc. MA boosted its position in shares of EOG Resources by 0.8% in the 3rd quarter. Middleton & Co. Inc. MA now owns 9,698 shares of the energy exploration company’s stock worth $1,336,000 after purchasing an additional 80 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Trading Up 0.4%

Shares of NYSE EOG opened at $163.63 on Tuesday. The company’s fifty day moving average is $147.57 and its 200-day moving average is $135.31. The stock has a market cap of $85.83 billion, a price-to-earnings ratio of 12.73, a P/E/G ratio of 0.58 and a beta of 0.36. EOG Resources, Inc. has a twelve month low of $101.59 and a twelve month high of $165.11. 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 announced its quarterly earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share (EPS) 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 company had revenue of $8.62 billion during the quarter, compared to analyst estimates of $8.04 billion. During the same quarter in the previous year, the business earned $2.32 EPS. The firm’s revenue was up 57.4% on a year-over-year basis. Equities research analysts predict that EOG Resources, Inc. will post 17.70 EPS for the current year.

EOG Resources Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Friday, October 16th. This represents a $4.08 annualized dividend and a yield of 2.5%. EOG Resources’s payout ratio is currently 31.75%.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 9,039 shares of the stock in a transaction dated Friday, September 25th. The stock was sold at an average price of $140.61, for a total value 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. This represents a 9.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Michael P. Donaldson sold 7,336 shares of the stock in a transaction dated 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 completion of the sale, the executive vice president owned 100,558 shares of the company’s stock, valued at $14,882,584. This trade represents a 6.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 52,317 shares of company stock worth $7,823,480. Corporate insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on EOG shares. Scotiabank started coverage on EOG Resources in a research note on Wednesday, October 14th. They set a “sector perform” rating and a $144.00 price objective for the company. Seaport Research Partners began coverage on EOG Resources in a research note on Thursday, September 3rd. They issued a “neutral” rating on the stock. Susquehanna raised their target price on EOG Resources from $170.00 to $187.00 and gave the stock a “positive” rating in a report on Tuesday, October 20th. Citigroup restated a “neutral” rating and set a $150.00 target price (up from $141.00) on shares of EOG Resources in a report on Thursday, August 27th. Finally, UBS Group restated a “buy” rating and set a $186.00 target price (up from $183.00) on shares of EOG Resources in a research report on Friday, October 9th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seventeen have issued a Hold rating to the stock. Based on data from MarketBeat, EOG Resources presently has an average rating of “Hold” and an average price target of $161.24.

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. 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.