EOG Resources, Inc. $EOG Stock Position Lifted by Turtle Creek Wealth Advisors LLC

Turtle Creek Wealth Advisors LLC lifted its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 5.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 105,280 shares of the energy exploration company’s stock after acquiring an additional 5,117 shares during the period. Turtle Creek Wealth Advisors LLC’s holdings in EOG Resources were worth $14,503,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. BlackRock Inc. bought a new position in EOG Resources during the 2nd quarter valued at $5,905,587,000. Dimensional Fund Advisors LP grew its stake in shares of EOG Resources by 0.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,865,073 shares of the energy exploration company’s stock worth $848,228,000 after acquiring an additional 54,091 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in shares of EOG Resources in the 2nd quarter worth $654,899,000. Bank of America Corp DE purchased a new stake in shares of EOG Resources in the second quarter valued at about $551,321,000. Finally, First Trust Advisors LP raised its holdings in shares of EOG Resources by 15.7% in the first quarter. First Trust Advisors LP now owns 3,446,002 shares of the energy exploration company’s stock valued at $498,189,000 after purchasing an additional 468,090 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

EOG has been the topic of several recent analyst reports. Wall Street Zen raised shares of EOG Resources from a “hold” rating to a “buy” rating in a research report on Saturday, September 26th. Roth Capital reissued a “neutral” rating and issued a $138.00 price objective on shares of EOG Resources in a research report on Wednesday, August 5th. Barclays set a $147.00 target price on EOG Resources and gave the company an “equal weight” rating in a research report on Monday, August 17th. Jefferies Financial Group reiterated a “buy” rating and set a $185.00 target price on shares of EOG Resources in a research note on Saturday, October 3rd. Finally, Weiss Ratings raised shares of EOG Resources from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, September 8th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eighteen have given a Hold rating to the company. According to MarketBeat, EOG Resources has an average rating of “Hold” and a consensus target price of $160.56.

EOG Resources Stock Performance

Shares of NYSE EOG traded down $1.07 during trading on Thursday, reaching $153.12. 920,992 shares of the stock traded hands, compared to its average volume of 4,035,474. 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 stock has a market capitalization of $80.32 billion, a P/E ratio of 11.92, a price-to-earnings-growth ratio of 0.56 and a beta of 0.36. EOG Resources, Inc. has a 52-week low of $101.59 and a 52-week high of $155.00. The company has a 50-day moving average of $145.19 and a 200-day moving average of $140.14.

EOG Resources (NYSE:EOG) last issued its earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share for the quarter, topping analysts’ consensus estimates of $4.97 by $0.10. The firm had revenue of $8.62 billion during the quarter, compared to analyst estimates of $8.04 billion. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The company’s quarterly revenue was up 57.4% on a year-over-year basis. During the same quarter last year, the business earned $2.32 earnings per share. Analysts forecast that EOG Resources, Inc. will post 17.13 EPS for the current fiscal year.

EOG Resources Announces Dividend

The business 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 $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, October 16th. EOG Resources’s dividend payout ratio (DPR) is presently 31.75%.

Insider Transactions at EOG Resources

In other EOG Resources news, EVP Michael P. Donaldson sold 7,336 shares of the firm’s 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 transaction, the executive vice president owned 100,558 shares in the company, valued at $14,882,584. This trade represents a 6.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ezra Y. Yacob sold 35,942 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer owned 242,451 shares of the company’s stock, valued at approximately $36,876,797.10. This represents a 12.91% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 52,317 shares of company stock valued at $7,823,480 over the last three months. Company insiders own 0.14% of the company’s stock.

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. 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.