15,578 EOG Resources, Inc. $EOG Shares Purchased by D.A. Davidson & CO.

D.A. Davidson & CO. increased its position in shares of EOG Resources, Inc. (NYSE:EOG) by 8.9% in the third quarter, HoldingsChannel reports. The firm owned 190,949 shares of the energy exploration company’s stock after acquiring an additional 15,578 shares during the quarter. D.A. Davidson & CO.’s holdings in EOG Resources were worth $26,305,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of EOG. SJS Investment Consulting Inc. raised its position in EOG Resources by 225.5% during the 1st quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock worth $26,000 after buying an additional 124 shares during the last quarter. Byrne Asset Management LLC lifted its stake in EOG Resources by 469.4% during the 3rd quarter. Byrne Asset Management LLC now owns 205 shares of the energy exploration company’s stock valued at $29,000 after acquiring an additional 169 shares during the period. Financial Life Planners acquired a new stake in EOG Resources during the 1st quarter valued at approximately $30,000. Wedbush Fund Advisers LLC purchased a new stake in shares of EOG Resources in the 2nd quarter valued at $31,000. Finally, Global Assets Advisory LLC purchased a new stake in shares of EOG Resources in the 1st quarter valued at $37,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Down 0.2%

EOG stock opened at $160.84 on Thursday. The stock has a market capitalization of $84.37 billion, a P/E ratio of 12.52, a P/E/G ratio of 0.58 and a beta of 0.36. The firm has a 50-day simple moving average of $148.54 and a 200-day simple moving average of $136.17. The company has a quick ratio of 1.68, a current ratio of 1.85 and a debt-to-equity ratio of 0.25. EOG Resources, Inc. has a 52 week low of $101.59 and a 52 week high of $165.11.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share for the quarter, topping the consensus estimate of $4.97 by $0.10. The firm had revenue of $8.62 billion during the quarter, compared to the consensus estimate of $8.04 billion. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The company’s revenue for the quarter was up 57.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.32 EPS. Equities analysts forecast that EOG Resources, Inc. will post 17.70 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.5%. The ex-dividend date is Friday, October 16th. EOG Resources’s payout ratio is 31.75%.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey Leitzell sold 9,039 shares of the stock in a transaction that occurred on Friday, September 25th. The stock was sold at an average price of $140.61, for a total transaction of $1,270,973.79. Following the completion of the transaction, the chief operating officer owned 90,790 shares of the company’s stock, valued at $12,765,981.90. This represents a 9.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ezra Yacob sold 35,942 shares of the stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $152.10, for a total value of $5,466,778.20. Following the transaction, the chief executive officer directly owned 242,451 shares of the company’s stock, valued at $36,876,797.10. The trade was a 12.91% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 52,317 shares of company stock worth $7,823,480. Corporate insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

EOG has been the topic of a number of research reports. Capital One Financial lowered shares of EOG Resources from an “overweight” rating to an “equal weight” rating and set a $153.00 price objective on the stock. in a research note on Wednesday, August 26th. Stifel Nicolaus began coverage on shares of EOG Resources in a research report on Thursday, September 10th. They set a “hold” rating and a $158.00 target price for the company. Barclays set a $147.00 price target on shares of EOG Resources and gave the company an “equal weight” rating in a report on Monday, August 17th. Truist Financial upped their price target on shares of EOG Resources from $153.00 to $160.00 and gave the company a “hold” rating in a report on Friday, October 2nd. Finally, Freedom Capital downgraded EOG Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and seventeen have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $161.24.

About EOG Resources

EOG Resources, Inc is an independent exploration and production company engaged in finding, developing, producing and marketing crude oil, natural gas liquids and natural gas. Its operations focus on large, high-quality onshore and international assets, supported by technical expertise in horizontal drilling and hydraulic fracturing.

The company’s principal U.S. activities are concentrated in major shale and onshore plays, including the Delaware Basin, Eagle Ford and other producing regions in Texas and the Rocky Mountains.