EOG Resources, Inc. (NYSE:EOG) Shares Purchased by Monte Financial Group LLC

Monte Financial Group LLC increased its stake in EOG Resources, Inc. (NYSE:EOG) by 7.5% in the third quarter, Holdings Channel reports. The firm owned 45,119 shares of the energy exploration company’s stock after purchasing an additional 3,157 shares during the period. EOG Resources comprises 2.3% of Monte Financial Group LLC’s holdings, making the stock its 19th largest position. Monte Financial Group LLC’s holdings in EOG Resources were worth $5,547,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Northwest Investment Counselors LLC acquired a new stake in shares of EOG Resources during the third quarter worth $26,000. Riverview Trust Co acquired a new stake in EOG Resources during the 2nd quarter worth about $27,000. MFA Wealth Advisors LLC purchased a new stake in EOG Resources during the 2nd quarter valued at about $28,000. Eastern Bank acquired a new position in shares of EOG Resources in the third quarter valued at about $28,000. Finally, Gladius Capital Management LP acquired a new position in shares of EOG Resources in the second quarter valued at about $30,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

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 value of $816,400.00. Following the completion of the transaction, the director now directly owns 60,892 shares of the company’s stock, valued at approximately $7,648,035.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Charles R. Crisp sold 6,500 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were 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 owns 60,892 shares of the company’s stock, valued at $7,648,035.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michael P. Donaldson sold 11,037 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $9,615,375. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,537 shares of company stock valued at $2,751,612 over the last ninety days. Insiders own 0.30% of the company’s stock.

EOG Resources Price Performance

Shares of NYSE EOG opened at $124.73 on Thursday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.89 and a current ratio of 2.12. The firm has a fifty day moving average of $126.12 and a 200 day moving average of $126.91. The firm has a market cap of $71.68 billion, a PE ratio of 9.85, a PEG ratio of 3.38 and a beta of 1.28. EOG Resources, Inc. has a one year low of $108.94 and a one year high of $139.67.

EOG Resources (NYSE:EOG) last released its earnings results 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 net margin of 30.33% and a return on equity of 25.42%. The business had revenue of $6.03 billion during the quarter, compared to analysts’ expectations of $6.07 billion. During the same quarter in the previous year, the company earned $2.49 earnings per share. The company’s quarterly revenue was up 8.1% on a year-over-year basis. As a group, research analysts predict that EOG Resources, Inc. will post 11.83 EPS for the current fiscal year.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders 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 dividend yield of 2.92%. EOG Resources’s dividend payout ratio (DPR) is presently 28.75%.

Analyst Ratings Changes

A number of research firms recently commented on EOG. JPMorgan Chase & Co. decreased their target price on EOG Resources from $143.00 to $135.00 and set a “neutral” rating for the company in a report on Thursday, September 12th. UBS Group cut their price objective on shares of EOG Resources from $167.00 to $154.00 and set a “buy” rating on the stock in a research note on Wednesday, September 18th. StockNews.com cut shares of EOG Resources from a “buy” rating to a “hold” rating in a report on Monday, September 16th. Piper Sandler lowered their price target on shares of EOG Resources from $154.00 to $147.00 and set an “overweight” rating on the stock in a report on Thursday, August 15th. Finally, Truist Financial reduced their price objective on EOG Resources from $130.00 to $115.00 and set a “hold” rating for the company in a research note on Monday, September 30th. Fourteen analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $141.20.

EOG Resources Company Profile

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.