1858 Wealth Management LLC Has $959,000 Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

1858 Wealth Management LLC raised its holdings in EOG Resources, Inc. (NYSE:EOG) by 1.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,799 shares of the energy exploration company’s stock after buying an additional 135 shares during the quarter. 1858 Wealth Management LLC’s holdings in EOG Resources were worth $959,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. UniSuper Management Pty Ltd increased its position in EOG Resources by 228.4% during the first quarter. UniSuper Management Pty Ltd now owns 15,626 shares of the energy exploration company’s stock worth $1,998,000 after acquiring an additional 10,868 shares during the period. Bryn Mawr Capital Management LLC acquired a new position in shares of EOG Resources during the first quarter valued at about $1,217,000. Romano Brothers AND Company acquired a new position in shares of EOG Resources during the first quarter valued at about $1,349,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of EOG Resources by 57.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 380,287 shares of the energy exploration company’s stock valued at $46,192,000 after buying an additional 138,869 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its position in EOG Resources by 0.7% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,491,898 shares of the energy exploration company’s stock worth $190,724,000 after buying an additional 9,894 shares in the last quarter. 89.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on EOG shares. Wells Fargo & Company reduced their price objective on EOG Resources from $140.00 to $135.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 1st. Susquehanna reduced their target price on EOG Resources from $159.00 to $158.00 and set a “positive” rating for the company in a research report on Wednesday, September 4th. UBS Group lowered their price target 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. Piper Sandler reduced their price objective on shares of EOG Resources from $154.00 to $147.00 and set an “overweight” rating for the company in a report on Thursday, August 15th. Finally, Scotiabank lowered their target price on shares of EOG Resources from $150.00 to $140.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 10th. Fourteen analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, EOG Resources has an average rating of “Hold” and an average price target of $141.20.

EOG Resources Price Performance

EOG traded down $0.51 during midday trading on Monday, hitting $126.11. The company had a trading volume of 939,482 shares, compared to its average volume of 3,169,412. EOG Resources, Inc. has a twelve month low of $108.94 and a twelve month high of $139.67. The company has a market capitalization of $72.48 billion, a PE ratio of 10.00, a P/E/G ratio of 3.38 and a beta of 1.28. 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’s 50-day simple moving average is $126.24 and its 200-day simple moving average is $127.06.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share for the quarter, beating analysts’ consensus estimates of $2.98 by $0.18. The business had revenue of $6.03 billion during the quarter, compared to analyst estimates of $6.07 billion. EOG Resources had a net margin of 30.33% and a return on equity of 25.42%. EOG Resources’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.49 earnings per share. Equities research analysts predict that EOG Resources, Inc. will post 11.83 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Thursday, October 17th. This represents a $3.64 annualized dividend and a yield of 2.89%. EOG Resources’s dividend payout ratio is currently 28.75%.

Insider Buying and Selling at EOG Resources

In other news, EVP Michael P. Donaldson sold 11,037 shares of EOG Resources 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 owns 74,250 shares in the company, valued at $9,615,375. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP Michael P. Donaldson sold 11,037 shares of EOG Resources stock in a transaction on 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 sale, the executive vice president now directly owns 74,250 shares of the company’s stock, valued at $9,615,375. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Charles R. Crisp sold 6,500 shares of the company’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 owns 60,892 shares of the company’s stock, valued at $7,648,035.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,537 shares of company stock worth $2,751,612. Company insiders own 0.30% of the company’s stock.

EOG Resources 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.