EOG Resources, Inc. (NYSE:EOG) Shares Bought by Apollon Wealth Management LLC

Apollon Wealth Management LLC increased its holdings in EOG Resources, Inc. (NYSE:EOG) by 8.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 25,354 shares of the energy exploration company’s stock after acquiring an additional 1,912 shares during the quarter. Apollon Wealth Management LLC’s holdings in EOG Resources were worth $3,117,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EOG. Nations Financial Group Inc. IA ADV grew its stake in EOG Resources by 24.9% in the third quarter. Nations Financial Group Inc. IA ADV now owns 7,604 shares of the energy exploration company’s stock worth $935,000 after purchasing an additional 1,517 shares in the last quarter. Laffer Tengler Investments Inc. increased its holdings in shares of EOG Resources by 2.4% in the 3rd quarter. Laffer Tengler Investments Inc. now owns 41,425 shares of the energy exploration company’s stock valued at $5,092,000 after acquiring an additional 968 shares during the last quarter. Versor Investments LP acquired a new stake in shares of EOG Resources during the 3rd quarter valued at approximately $381,000. Venturi Wealth Management LLC lifted its stake in EOG Resources by 665.3% during the third quarter. Venturi Wealth Management LLC now owns 2,250 shares of the energy exploration company’s stock worth $277,000 after purchasing an additional 1,956 shares during the last quarter. Finally, United Capital Management of KS Inc. boosted its holdings in EOG Resources by 5.6% in the third quarter. United Capital Management of KS Inc. now owns 65,564 shares of the energy exploration company’s stock worth $8,060,000 after purchasing an additional 3,459 shares during the period. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Performance

EOG opened at $133.10 on Wednesday. The company has a quick ratio of 1.89, a current ratio of 2.12 and a debt-to-equity ratio of 0.11. The firm has a market cap of $75.68 billion, a PE ratio of 10.72, a P/E/G ratio of 3.56 and a beta of 1.28. The business has a fifty day simple moving average of $125.28 and a 200-day simple moving average of $125.94. EOG Resources, Inc. has a fifty-two week low of $108.94 and a fifty-two week high of $139.67.

EOG Resources declared that its Board of Directors has approved a share repurchase plan on Thursday, November 7th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the energy exploration company to reacquire up to 7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

EOG Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be paid a $0.975 dividend. The ex-dividend date of this dividend is Friday, January 17th. This represents a $3.90 dividend on an annualized basis and a yield of 2.93%. This is a boost from EOG Resources’s previous quarterly dividend of $0.91. EOG Resources’s dividend payout ratio (DPR) is currently 29.31%.

Insiders Place Their Bets

In related news, EVP Michael P. Donaldson sold 11,037 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $129.50, for a total value of $1,429,291.50. Following the completion of 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Michael P. Donaldson sold 11,037 shares of the firm’s stock in a transaction that occurred on 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 directly owns 74,250 shares in the company, valued at approximately $9,615,375. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Charles R. Crisp sold 6,500 shares of the company’s stock in a transaction that occurred 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 transaction, the director now owns 60,892 shares in the company, valued at approximately $7,648,035.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company’s stock.

Analyst Upgrades and Downgrades

EOG has been the topic of a number of research reports. UBS Group dropped their target price on shares of EOG Resources from $167.00 to $154.00 and set a “buy” rating on the stock in a report on Wednesday, September 18th. Wolfe Research started coverage on EOG Resources in a research note on Thursday, July 18th. They issued a “peer perform” rating for the company. Susquehanna lowered their target price on EOG Resources from $159.00 to $158.00 and set a “positive” rating for the company in a report on Wednesday, September 4th. Wells Fargo & Company cut their price target 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. Finally, Truist Financial upped their price objective on EOG Resources from $115.00 to $135.00 and gave the stock a “hold” rating in a research note on Tuesday. Thirteen investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $142.20.

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.