RBA Wealth Management LLC Buys 1,057 Shares of EOG Resources, Inc. (NYSE:EOG)

RBA Wealth Management LLC grew its stake in EOG Resources, Inc. (NYSE:EOG) by 5.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,182 shares of the energy exploration company’s stock after purchasing an additional 1,057 shares during the period. RBA Wealth Management LLC’s holdings in EOG Resources were worth $2,358,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Capital World Investors boosted its holdings in shares of EOG Resources by 5.4% in the 1st quarter. Capital World Investors now owns 26,782,454 shares of the energy exploration company’s stock worth $3,423,869,000 after acquiring an additional 1,361,538 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of EOG Resources in the 2nd quarter worth approximately $106,990,000. Capital International Investors boosted its holdings in shares of EOG Resources by 7.1% in the 1st quarter. Capital International Investors now owns 11,564,463 shares of the energy exploration company’s stock worth $1,478,401,000 after acquiring an additional 766,056 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of EOG Resources by 9.1% in the 2nd quarter. Legal & General Group Plc now owns 4,840,705 shares of the energy exploration company’s stock worth $609,300,000 after acquiring an additional 403,676 shares in the last quarter. Finally, Capital Research Global Investors boosted its holdings in shares of EOG Resources by 1.3% in the 1st quarter. Capital Research Global Investors now owns 28,889,715 shares of the energy exploration company’s stock worth $3,693,261,000 after acquiring an additional 373,365 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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

Analysts Set New Price Targets

Several research analysts have issued reports on EOG shares. UBS Group reduced their price objective on EOG Resources from $167.00 to $154.00 and set a “buy” rating on the stock in a report on Wednesday, September 18th. KeyCorp reduced their price objective on EOG Resources from $157.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Truist Financial reduced their price objective on EOG Resources from $130.00 to $115.00 and set a “hold” rating on the stock in a report on Monday, September 30th. Barclays reduced their price objective on EOG Resources from $144.00 to $137.00 and set an “equal weight” rating on the stock in a report on Thursday, October 3rd. Finally, Wells Fargo & Company reduced their price objective on EOG Resources from $140.00 to $135.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 1st. Fourteen investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $141.20.

EOG Resources Stock Down 0.4 %

EOG stock traded down $0.56 during trading hours on Tuesday, reaching $125.15. 1,133,606 shares of the stock were exchanged, compared to its average volume of 3,166,607. The firm’s 50-day moving average is $126.18 and its 200-day moving average is $127.01. The company has a market cap of $71.93 billion, a price-to-earnings ratio of 9.93, a PEG 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. EOG Resources, Inc. has a 12 month low of $108.94 and a 12 month high of $139.67.

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

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date of this dividend is Thursday, October 17th. EOG Resources’s dividend payout ratio (DPR) is presently 28.75%.

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.