Wealth Alliance Advisory Group LLC Boosts Holdings in EOG Resources, Inc. (NYSE:EOG)

Wealth Alliance Advisory Group LLC lifted its position in shares of EOG Resources, Inc. (NYSE:EOG) by 186.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,134 shares of the energy exploration company’s stock after buying an additional 3,989 shares during the period. Wealth Alliance Advisory Group LLC’s holdings in EOG Resources were worth $754,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Cape ANN Savings Bank boosted its stake in EOG Resources by 0.9% in the third quarter. Cape ANN Savings Bank now owns 8,679 shares of the energy exploration company’s stock valued at $1,067,000 after acquiring an additional 79 shares in the last quarter. Wright Investors Service Inc. grew its stake in EOG Resources by 0.8% during the 1st quarter. Wright Investors Service Inc. now owns 10,163 shares of the energy exploration company’s stock worth $1,299,000 after buying an additional 80 shares during the last quarter. CVA Family Office LLC grew its stake in EOG Resources by 11.0% during the 2nd quarter. CVA Family Office LLC now owns 820 shares of the energy exploration company’s stock worth $103,000 after buying an additional 81 shares during the last quarter. Bailard Inc. lifted its stake in EOG Resources by 0.4% in the second quarter. Bailard Inc. now owns 19,899 shares of the energy exploration company’s stock valued at $2,505,000 after buying an additional 81 shares during the last quarter. Finally, Everpar Advisors LLC lifted its stake in EOG Resources by 3.6% in the third quarter. Everpar Advisors LLC now owns 2,380 shares of the energy exploration company’s stock valued at $293,000 after buying an additional 83 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Insider Buying and Selling at EOG Resources

In related news, Director Charles R. Crisp sold 6,500 shares of EOG Resources stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total transaction of $816,400.00. Following the completion of the transaction, the director now directly owns 60,892 shares in the company, valued at $7,648,035.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 transaction of $816,400.00. Following the sale, the director now owns 60,892 shares of the company’s stock, valued at $7,648,035.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $126.48, for a total transaction of $505,920.00. Following the completion of the transaction, the chief operating officer now directly owns 35,058 shares of the company’s stock, valued at $4,434,135.84. The trade was a 0.00 % decrease in their position. 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 quarter. Corporate insiders own 0.30% of the company’s stock.

Analysts Set New Price Targets

EOG has been the topic of a number of recent research reports. Susquehanna cut their target price on shares of EOG Resources from $159.00 to $158.00 and set a “positive” rating on the stock in a report on Wednesday, September 4th. StockNews.com cut shares of EOG Resources from a “buy” rating to a “hold” rating in a report on Monday, September 16th. KeyCorp lowered their price target on EOG Resources from $157.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday. Evercore ISI reduced their price objective on EOG Resources from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Monday, September 30th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $145.00 price objective on shares of EOG Resources in a research report on Monday, October 14th. Fourteen investment 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 company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $141.20.

EOG Resources Price Performance

Shares of NYSE:EOG opened at $126.62 on Friday. The firm has a market capitalization of $72.77 billion, a price-to-earnings ratio of 10.00, a price-to-earnings-growth ratio of 3.38 and a beta of 1.28. 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 business’s 50 day simple moving average is $126.24 and its 200-day simple moving average is $127.11. EOG Resources, Inc. has a 12 month low of $108.94 and a 12 month high of $139.67.

EOG Resources (NYSE:EOG) last posted 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. The company had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $6.07 billion. EOG Resources had a return on equity of 25.42% and a net margin of 30.33%. EOG Resources’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the business earned $2.49 earnings per share. As a group, equities analysts forecast that EOG Resources, Inc. will post 11.83 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date is Thursday, October 17th. EOG Resources’s payout ratio is currently 28.75%.

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.