Stableford Capital II LLC Has $1.26 Million Position in EOG Resources, Inc. (NYSE:EOG)

Stableford Capital II LLC lowered its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 42.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,529 shares of the energy exploration company's stock after selling 6,949 shares during the quarter. Stableford Capital II LLC's holdings in EOG Resources were worth $1,262,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Riverview Trust Co acquired a new position in shares of EOG Resources during the second quarter valued at $27,000. MFA Wealth Advisors LLC acquired a new position in shares of EOG Resources during the second quarter valued at $28,000. Gladius Capital Management LP bought a new stake in EOG Resources in the second quarter valued at about $30,000. Triad Wealth Partners LLC bought a new stake in EOG Resources in the second quarter valued at about $35,000. Finally, Norwood Financial Corp bought a new stake in EOG Resources in the first quarter valued at about $37,000. Institutional investors and hedge funds own 89.91% of the company's stock.

Insider Activity at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction that occurred on Friday, August 9th. The stock was 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 approximately $4,434,135.84. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Charles R. Crisp sold 6,500 shares of the firm's stock in a transaction that occurred on Wednesday, August 21st. The stock was 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 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 filing with the SEC, which is available at this link. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the firm's stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $126.48, for a total value of $505,920.00. Following the completion of the sale, the chief operating officer now directly owns 35,058 shares of the company's stock, valued at approximately $4,434,135.84. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,537 shares of company stock valued at $2,751,612. Insiders own 0.30% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on EOG. UBS Group dropped their price objective on EOG Resources from $167.00 to $154.00 and set a "buy" rating for the company in a report on Wednesday, September 18th. KeyCorp dropped their price objective on EOG Resources from $157.00 to $150.00 and set an "overweight" rating for the company in a report on Wednesday. Truist Financial dropped their price objective on EOG Resources from $130.00 to $115.00 and set a "hold" rating for the company in a report on Monday, September 30th. Sanford C. Bernstein lowered their price target on EOG Resources from $139.00 to $125.00 and set a "market perform" rating for the company in a report on Wednesday, July 17th. Finally, StockNews.com downgraded EOG Resources from a "buy" rating to a "hold" rating in a report on Monday, September 16th. Fourteen research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, EOG Resources presently has an average rating of "Hold" and a consensus price target of $141.20.

EOG Resources Stock Up 0.1 %

NYSE EOG traded up $0.09 during trading hours on Wednesday, hitting $127.37. 1,938,777 shares of the company traded hands, compared to its average volume of 3,182,421. The business's 50-day moving average is $126.15 and its 200-day moving average is $127.17. EOG Resources, Inc. has a twelve month low of $108.94 and a twelve month high of $139.67. 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 stock has a market capitalization of $73.20 billion, a price-to-earnings ratio of 10.06, a P/E/G ratio of 3.38 and a beta of 1.28.

EOG Resources (NYSE:EOG - Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The energy exploration company reported $3.16 EPS for the quarter, beating 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 firm posted $2.49 earnings per share. The business's quarterly revenue was up 8.1% compared to the same quarter last year. Sell-side analysts anticipate that EOG Resources, Inc. will post 11.83 earnings per share for the current year.

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 17th will be given 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 2.86%. 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.