Resonant Capital Advisors LLC Purchases 433 Shares of EOG Resources, Inc. (NYSE:EOG)

Resonant Capital Advisors LLC lifted its position in EOG Resources, Inc. (NYSE:EOG) by 2.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,846 shares of the energy exploration company’s stock after acquiring an additional 433 shares during the quarter. Resonant Capital Advisors LLC’s holdings in EOG Resources were worth $2,563,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Wealth Alliance Advisory Group LLC raised its holdings in EOG Resources by 186.0% in the third quarter. Wealth Alliance Advisory Group LLC now owns 6,134 shares of the energy exploration company’s stock worth $754,000 after purchasing an additional 3,989 shares in the last quarter. AA Financial Advisors LLC bought a new position in EOG Resources in the third quarter worth about $318,000. Raymond James & Associates raised its holdings in EOG Resources by 6.1% in the third quarter. Raymond James & Associates now owns 986,545 shares of the energy exploration company’s stock worth $121,276,000 after purchasing an additional 56,515 shares in the last quarter. NovaPoint Capital LLC raised its holdings in EOG Resources by 4.0% in the third quarter. NovaPoint Capital LLC now owns 22,225 shares of the energy exploration company’s stock worth $2,732,000 after purchasing an additional 862 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in EOG Resources by 32.6% in the third quarter. Blue Trust Inc. now owns 10,748 shares of the energy exploration company’s stock worth $1,353,000 after purchasing an additional 2,644 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other EOG Resources news, EVP Michael P. Donaldson sold 11,037 shares of the company’s 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 sale, the executive vice president now owns 74,250 shares in the company, valued at approximately $9,615,375. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, EVP Michael P. Donaldson sold 11,037 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the completion of the transaction, the executive vice president now directly owns 74,250 shares of the company’s stock, valued at $9,615,375. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Charles R. Crisp sold 6,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total value of $816,400.00. Following the transaction, the director now directly owns 60,892 shares of the company’s stock, valued at approximately $7,648,035.20. The trade was 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 have sold 21,537 shares of company stock worth $2,751,612. Corporate insiders own 0.30% of the company’s stock.

EOG Resources Price Performance

Shares of NYSE EOG opened at $126.62 on Friday. The business’s 50 day moving average price is $126.24 and its 200 day moving average price is $127.11. The firm has a market cap of $72.77 billion, a P/E ratio of 10.00, a P/E/G ratio of 3.38 and a beta of 1.28. EOG Resources, Inc. has a 52 week low of $108.94 and a 52 week high of $139.67. The company has a quick ratio of 1.89, a current ratio of 2.12 and a debt-to-equity ratio of 0.11.

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

EOG Resources Announces Dividend

The business 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. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $3.64 annualized dividend and a yield of 2.87%. EOG Resources’s dividend payout ratio is presently 28.75%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Susquehanna reduced their target price on shares of EOG Resources from $159.00 to $158.00 and set a “positive” rating for the company in a report on Wednesday, September 4th. Piper Sandler reduced their target price on shares of EOG Resources from $154.00 to $147.00 and set an “overweight” rating for the company in a report on Thursday, August 15th. Scotiabank reduced their target price on shares of EOG Resources from $150.00 to $140.00 and set a “sector perform” rating for the company in a report on Thursday, October 10th. Morgan Stanley dropped their price target on EOG Resources from $134.00 to $132.00 and set an “equal weight” rating on the stock in a research note on Monday, September 16th. Finally, JPMorgan Chase & Co. dropped their price target on EOG Resources from $143.00 to $135.00 and set a “neutral” rating on the stock in a research note on Thursday, September 12th. Fourteen equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price 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.