RIA Advisory Group LLC Purchases New Position in EOG Resources, Inc. (NYSE:EOG)

RIA Advisory Group LLC purchased a new stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 14,720 shares of the energy exploration company's stock, valued at approximately $1,809,000. EOG Resources accounts for 0.6% of RIA Advisory Group LLC's portfolio, making the stock its 25th biggest holding.

Other large investors have also made changes to their positions in the company. Northwest Investment Counselors LLC acquired a new stake in shares of EOG Resources during the third quarter valued at approximately $26,000. Riverview Trust Co acquired a new position in EOG Resources in the 2nd quarter valued at approximately $27,000. MFA Wealth Advisors LLC acquired a new position in EOG Resources in the 2nd quarter valued at approximately $28,000. Eastern Bank acquired a new position in EOG Resources in the 3rd quarter valued at approximately $28,000. Finally, Gladius Capital Management LP acquired a new position in EOG Resources in the 2nd quarter valued at approximately $30,000. Institutional investors and hedge funds own 89.91% of the company's stock.

Insider Transactions at EOG Resources

In other news, 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 transaction, the executive vice president now directly owns 74,250 shares of the company's stock, valued at approximately $9,615,375. This trade represents a 12.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Charles R. Crisp sold 6,500 shares of EOG Resources stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total transaction of $816,400.00. Following the transaction, the director now directly owns 60,892 shares of the company's stock, valued at $7,648,035.20. This represents a 9.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.30% of the stock is owned by insiders.

Analyst Ratings Changes

EOG has been the topic of several research reports. Scotiabank dropped their price objective 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. Benchmark reiterated a "hold" rating on shares of EOG Resources in a research note on Tuesday. Royal Bank of Canada reiterated a "sector perform" rating and issued a $145.00 price objective on shares of EOG Resources in a research note on Monday, October 14th. Wells Fargo & Company dropped their price objective on shares of EOG Resources from $140.00 to $135.00 and set an "equal weight" rating on the stock in a research note on Tuesday, October 1st. Finally, JPMorgan Chase & Co. decreased their target price on shares of EOG Resources from $143.00 to $135.00 and set a "neutral" rating for the company in a research report on Thursday, September 12th. Fourteen investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, EOG Resources presently has an average rating of "Hold" and a consensus price target of $142.20.

EOG Resources Stock Performance

NYSE EOG traded down $0.63 during midday trading on Friday, hitting $134.56. The company had a trading volume of 2,279,909 shares, compared to its average volume of 3,134,220. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The stock has a market cap of $75.68 billion, a price-to-earnings ratio of 10.84, a P/E/G ratio of 3.56 and a beta of 1.28. The firm has a fifty day simple moving average of $126.25 and a two-hundred day simple moving average of $126.03. 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 initiated a stock repurchase plan on Thursday, November 7th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the energy exploration company to purchase up to 7% of its shares through open market purchases. Shares buyback plans are often a sign that the company's leadership believes its stock is undervalued.

EOG Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be issued a dividend of $0.975 per share. This represents a $3.90 dividend on an annualized basis and a dividend yield of 2.90%. This is an increase from EOG Resources's previous quarterly dividend of $0.91. The ex-dividend date is Friday, January 17th. EOG Resources's dividend payout ratio (DPR) is presently 29.31%.

About EOG Resources

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.