Ellsworth Advisors LLC Increases Holdings in EOG Resources, Inc. (NYSE:EOG)

Ellsworth Advisors LLC lifted its position in EOG Resources, Inc. (NYSE:EOG) by 2.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,032 shares of the energy exploration company’s stock after buying an additional 311 shares during the period. Ellsworth Advisors LLC’s holdings in EOG Resources were worth $1,602,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of EOG. Riverview Trust Co purchased a new position in EOG Resources in the second quarter worth about $27,000. MFA Wealth Advisors LLC purchased a new position in shares of EOG Resources in the second quarter worth approximately $28,000. Gladius Capital Management LP bought a new stake in EOG Resources during the second quarter valued at approximately $30,000. Triad Wealth Partners LLC purchased a new stake in EOG Resources during the second quarter valued at approximately $35,000. Finally, Norwood Financial Corp bought a new position in EOG Resources in the first quarter worth approximately $37,000. Institutional investors own 89.91% of the company’s stock.

EOG Resources Trading Up 0.5 %

Shares of EOG opened at $127.04 on Friday. The stock has a market capitalization of $73.01 billion, a PE ratio of 10.03, a P/E/G ratio of 3.38 and a beta of 1.28. The company’s fifty day moving average is $126.24 and its 200 day moving average is $127.17. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.89 and a current ratio of 2.12. EOG Resources, Inc. has a fifty-two week low of $108.94 and a fifty-two week high of $139.67.

EOG Resources (NYSE:EOG) last posted its earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share for the quarter, topping analysts’ consensus estimates of $2.98 by $0.18. EOG Resources had a net margin of 30.33% and a return on equity of 25.42%. The firm had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $6.07 billion. During the same period in the previous year, the firm posted $2.49 EPS. The business’s quarterly revenue was up 8.1% on a year-over-year basis. Sell-side analysts expect that EOG Resources, Inc. will post 11.83 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently announced 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. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date is Thursday, October 17th. EOG Resources’s dividend payout ratio (DPR) is 28.75%.

Insider Transactions at EOG Resources

In related news, Director Charles R. Crisp sold 6,500 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total transaction of $816,400.00. Following the sale, the director now owns 60,892 shares in the company, valued at approximately $7,648,035.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, 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 transaction of $1,429,291.50. Following the transaction, the executive vice president now directly owns 74,250 shares in the company, valued at approximately $9,615,375. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Charles R. Crisp sold 6,500 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total transaction of $816,400.00. Following the completion of the sale, the director now directly owns 60,892 shares in the company, valued at $7,648,035.20. 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 sold 21,537 shares of company stock worth $2,751,612. 0.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Wolfe Research began coverage on EOG Resources in a report on Thursday, July 18th. They issued a “peer perform” rating on the stock. Piper Sandler lowered their price objective on EOG Resources from $154.00 to $147.00 and set an “overweight” rating on the stock in a research report on Thursday, August 15th. Sanford C. Bernstein reduced their target price on shares of EOG Resources from $139.00 to $125.00 and set a “market perform” rating for the company in a report on Wednesday, July 17th. Truist Financial lowered their price target on shares of EOG Resources from $130.00 to $115.00 and set a “hold” rating on the stock in a report on Monday, September 30th. Finally, Barclays reduced their price objective on shares of EOG Resources from $144.00 to $137.00 and set an “equal weight” rating for the company in a research note on Thursday, October 3rd. Fourteen equities research 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $141.20.

About EOG Resources

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.