Wedmont Private Capital Boosts Stock Position in EOG Resources, Inc. (NYSE:EOG)

Wedmont Private Capital lifted its position in EOG Resources, Inc. (NYSE:EOG) by 8.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,887 shares of the energy exploration company’s stock after purchasing an additional 531 shares during the quarter. Wedmont Private Capital’s holdings in EOG Resources were worth $925,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EOG. Brevan Howard Capital Management LP boosted its holdings in shares of EOG Resources by 564.3% in the 4th quarter. Brevan Howard Capital Management LP now owns 13,133 shares of the energy exploration company’s stock worth $1,588,000 after purchasing an additional 11,156 shares in the last quarter. Blackstone Inc. boosted its holdings in shares of EOG Resources by 44.6% in the 4th quarter. Blackstone Inc. now owns 6,813 shares of the energy exploration company’s stock worth $824,000 after purchasing an additional 2,100 shares in the last quarter. Black Maple Capital Management LP lifted its stake in shares of EOG Resources by 272.7% in the 4th quarter. Black Maple Capital Management LP now owns 49,200 shares of the energy exploration company’s stock valued at $5,951,000 after acquiring an additional 36,000 shares during the last quarter. Bradley Foster & Sargent Inc. CT lifted its stake in shares of EOG Resources by 29.9% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 241,958 shares of the energy exploration company’s stock valued at $29,265,000 after acquiring an additional 55,638 shares during the last quarter. Finally, Groupama Asset Managment purchased a new stake in EOG Resources during the 4th quarter valued at about $11,422,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $126.48, for a total value of $505,920.00. Following the sale, the chief operating officer now owns 35,058 shares in the company, valued at approximately $4,434,135.84. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Michael P. Donaldson sold 11,037 shares of the stock in a transaction that occurred on 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 sale, the executive vice president now owns 74,250 shares in the company, valued at $9,615,375. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $126.48, for a total transaction of $505,920.00. Following the sale, the chief operating officer now owns 35,058 shares in the company, valued at approximately $4,434,135.84. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,537 shares of company stock worth $2,751,612. 0.30% of the stock is currently owned by company insiders.

EOG Resources Stock Up 0.9 %

NYSE:EOG opened at $132.19 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.12 and a quick ratio of 1.89. The firm’s 50-day moving average price is $125.51 and its 200-day moving average price is $127.06. The company has a market capitalization of $75.97 billion, a PE ratio of 10.44, a P/E/G ratio of 3.27 and a beta of 1.28. EOG Resources, Inc. has a 1-year low of $108.94 and a 1-year high of $139.67.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data 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. The business had revenue of $6.03 billion for the quarter, compared to analysts’ expectations of $6.07 billion. EOG Resources had a net margin of 30.33% and a return on equity of 25.42%. The business’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.49 earnings per share. On average, equities analysts predict that EOG Resources, Inc. will post 11.91 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders 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 yield of 2.75%. The ex-dividend date is Thursday, October 17th. EOG Resources’s dividend payout ratio (DPR) is presently 28.75%.

Wall Street Analysts Forecast Growth

EOG has been the subject of several recent research reports. Susquehanna lowered their price objective on EOG Resources from $159.00 to $158.00 and set a “positive” rating for the company in a research report on Wednesday, September 4th. Sanford C. Bernstein dropped their price target on shares of EOG Resources from $139.00 to $125.00 and set a “market perform” rating for the company in a research report on Wednesday, July 17th. KeyCorp initiated coverage on shares of EOG Resources in a report on Thursday, June 27th. They issued an “overweight” rating and a $157.00 price target on the stock. JPMorgan Chase & Co. lowered their price objective on shares of EOG Resources from $143.00 to $135.00 and set a “neutral” rating for the company in a research note on Thursday, September 12th. Finally, Piper Sandler cut their target price on EOG Resources from $154.00 to $147.00 and set an “overweight” rating on the stock in a research note on Thursday, August 15th. Fourteen investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, EOG Resources has a consensus rating of “Hold” and an average target price of $141.65.

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.