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

Sage Mountain Advisors LLC boosted its position in EOG Resources, Inc. (NYSE:EOG) by 12.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,473 shares of the energy exploration company’s stock after purchasing an additional 269 shares during the period. Sage Mountain Advisors LLC’s holdings in EOG Resources were worth $311,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Catalytic Wealth RIA LLC increased its holdings in EOG Resources by 5.7% during the 2nd quarter. Catalytic Wealth RIA LLC now owns 2,584 shares of the energy exploration company’s stock valued at $325,000 after acquiring an additional 139 shares in the last quarter. Commonwealth Equity Services LLC grew its position in shares of EOG Resources by 7.2% in the second quarter. Commonwealth Equity Services LLC now owns 97,268 shares of the energy exploration company’s stock valued at $12,243,000 after purchasing an additional 6,507 shares during the last quarter. IFG Advisory LLC purchased a new position in shares of EOG Resources during the 2nd quarter worth approximately $320,000. Concurrent Investment Advisors LLC raised its position in shares of EOG Resources by 4.1% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 7,118 shares of the energy exploration company’s stock worth $896,000 after purchasing an additional 280 shares during the last quarter. Finally, Rothschild Investment LLC purchased a new stake in EOG Resources in the 2nd quarter valued at approximately $1,285,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other EOG Resources news, EVP Michael P. Donaldson sold 11,037 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $129.50, for a total value of $1,429,291.50. Following the transaction, the executive vice president now owns 74,250 shares in the company, valued at approximately $9,615,375. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $126.48, for a total transaction of $505,920.00. Following the transaction, the chief operating officer now owns 35,058 shares of the company’s stock, valued at approximately $4,434,135.84. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Michael P. Donaldson sold 11,037 shares of EOG Resources stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $129.50, for a total value of $1,429,291.50. Following the completion of the transaction, the executive vice president now owns 74,250 shares of the company’s stock, valued at approximately $9,615,375. The disclosure for this sale can be found here. Insiders have sold 21,537 shares of company stock worth $2,751,612 over the last 90 days. Company insiders own 0.30% of the company’s stock.

EOG Resources Stock Down 0.9 %

Shares of NYSE:EOG traded down $1.16 during midday trading on Friday, hitting $128.82. 2,820,225 shares of the company’s stock traded hands, compared to its average volume of 3,136,932. The firm’s fifty day moving average price is $126.84 and its two-hundred day moving average price is $125.62. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.05 and a current ratio of 2.32. EOG Resources, Inc. has a twelve month low of $108.94 and a twelve month high of $139.67. The company has a market cap of $74.03 billion, a PE ratio of 10.18, a P/E/G ratio of 2.15 and a beta of 1.30.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, August 1st. The energy exploration company reported $3.16 EPS for the quarter, topping analysts’ consensus estimates of $2.98 by $0.18. EOG Resources had a return on equity of 25.65% and a net margin of 30.33%. The company had revenue of $6.03 billion for the quarter, compared to analysts’ expectations of $6.07 billion. During the same quarter in the previous year, the firm posted $2.49 earnings per share. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. On average, equities research analysts anticipate that EOG Resources, Inc. will post 12.13 EPS for the current fiscal year.

EOG Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 2.83%. The ex-dividend date of this dividend is Thursday, October 17th. EOG Resources’s dividend payout ratio (DPR) is 28.75%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on EOG shares. StockNews.com raised EOG Resources from a “hold” rating to a “buy” rating in a report on Monday, August 5th. Citigroup upped their target price on shares of EOG Resources from $124.00 to $130.00 and gave the company a “neutral” rating in a report on Friday, May 24th. Susquehanna lifted their price target on shares of EOG Resources from $155.00 to $159.00 and gave the stock a “positive” rating in a report on Monday, August 5th. Royal Bank of Canada reissued a “sector perform” rating and issued a $147.00 price objective on shares of EOG Resources in a research report on Wednesday, July 10th. Finally, Wolfe Research started coverage on shares of EOG Resources in a research report on Thursday, July 18th. They set a “peer perform” rating on the stock. Thirteen research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $144.00.

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.