Cliftonlarsonallen Wealth Advisors LLC Purchases 39,889 Shares of EOG Resources, Inc. (NYSE:EOG)

Cliftonlarsonallen Wealth Advisors LLC increased its stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 13.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 325,975 shares of the energy exploration company's stock after acquiring an additional 39,889 shares during the period. EOG Resources comprises approximately 0.9% of Cliftonlarsonallen Wealth Advisors LLC's investment portfolio, making the stock its 28th largest holding. Cliftonlarsonallen Wealth Advisors LLC owned 0.06% of EOG Resources worth $40,072,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of EOG. Centaurus Financial Inc. bought a new stake in EOG Resources during the fourth quarter worth about $570,000. Syon Capital LLC increased its position in EOG Resources by 10.4% during the fourth quarter. Syon Capital LLC now owns 4,303 shares of the energy exploration company's stock worth $520,000 after buying an additional 405 shares during the last quarter. EP Wealth Advisors LLC increased its position in EOG Resources by 11.4% during the fourth quarter. EP Wealth Advisors LLC now owns 6,539 shares of the energy exploration company's stock worth $791,000 after buying an additional 669 shares during the last quarter. SageView Advisory Group LLC increased its position in EOG Resources by 19.8% during the fourth quarter. SageView Advisory Group LLC now owns 10,166 shares of the energy exploration company's stock worth $1,187,000 after buying an additional 1,680 shares during the last quarter. Finally, ICA Group Wealth Management LLC acquired a new position in EOG Resources during the fourth quarter worth approximately $121,000. Institutional investors own 89.91% of the company's stock.

EOG Resources Price Performance

NYSE:EOG traded down $4.19 during trading hours on Tuesday, reaching $127.28. 2,948,869 shares of the company were exchanged, compared to its average volume of 3,188,669. The company has a market capitalization of $73.15 billion, a P/E ratio of 10.38, a P/E/G ratio of 3.38 and a beta of 1.28. EOG Resources, Inc. has a 1-year low of $108.94 and a 1-year high of $139.67. 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 has a 50 day moving average of $126.05 and a 200 day moving average of $127.17.

EOG Resources (NYSE:EOG - Get Free Report) last released its earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share for the quarter, topping the consensus estimate of $2.98 by $0.18. EOG Resources had a return on equity of 25.42% and a net margin of 30.33%. The firm had revenue of $6.03 billion during the quarter, compared to analysts' expectations of $6.07 billion. During the same period in the prior year, the company earned $2.49 earnings per share. The company's quarterly revenue was up 8.1% on a year-over-year basis. Research analysts forecast that EOG Resources, Inc. will post 11.83 EPS for the current 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 paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 2.86%. The ex-dividend date of this dividend is Thursday, October 17th. EOG Resources's payout ratio is presently 28.75%.

Insiders Place Their Bets

In other EOG Resources news, EVP Michael P. Donaldson sold 11,037 shares of the company's 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 in the company, valued at $9,615,375. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction on Friday, August 9th. The stock was sold at an average price of $126.48, for a total value of $505,920.00. Following the completion of the transaction, the chief operating officer now directly owns 35,058 shares in the company, valued at approximately $4,434,135.84. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael P. Donaldson sold 11,037 shares of the stock in a transaction 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 transaction, the executive vice president now 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 disclosure for this sale can be found here. Insiders sold 21,537 shares of company stock worth $2,751,612 over the last three months. Insiders own 0.30% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Evercore ISI lowered their price target on EOG Resources from $150.00 to $145.00 and set an "outperform" rating on the stock in a research report on Monday, September 30th. Piper Sandler lowered their price target on EOG Resources from $154.00 to $147.00 and set an "overweight" rating on the stock in a research report on Thursday, August 15th. UBS Group lowered their price target on EOG Resources from $167.00 to $154.00 and set a "buy" rating on the stock in a research report on Wednesday, September 18th. Scotiabank lowered their price target on EOG Resources from $150.00 to $140.00 and set a "sector perform" rating on the stock in a research report on Thursday, October 10th. Finally, Susquehanna decreased their target price on EOG Resources from $159.00 to $158.00 and set a "positive" rating on the stock in a research report on Wednesday, September 4th. Fourteen equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, EOG Resources presently has an average rating of "Hold" and an average price target of $141.55.

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.