Stratos Wealth Advisors LLC Acquires 5,994 Shares of EOG Resources, Inc. (NYSE:EOG)

Stratos Wealth Advisors LLC lifted its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 59.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,111 shares of the energy exploration company’s stock after acquiring an additional 5,994 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in EOG Resources were worth $1,981,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Riverview Trust Co purchased a new stake in shares of EOG Resources in the 2nd quarter worth about $27,000. MFA Wealth Advisors LLC purchased a new position in shares of EOG Resources during the 2nd quarter worth approximately $28,000. Gladius Capital Management LP bought a new position in shares of EOG Resources in the 2nd quarter worth approximately $30,000. Triad Wealth Partners LLC purchased a new position in shares of EOG Resources in the 2nd quarter valued at approximately $35,000. Finally, Norwood Financial Corp bought a new stake in shares of EOG Resources during the first quarter valued at approximately $37,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Price Performance

Shares of EOG opened at $126.62 on Friday. The firm has a fifty day simple moving average of $126.24 and a two-hundred day simple moving average of $127.11. The firm has a market cap of $72.77 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 current ratio of 2.12, a quick ratio of 1.89 and a debt-to-equity ratio of 0.11. EOG Resources, Inc. has a 1-year low of $108.94 and a 1-year high of $139.67.

EOG Resources (NYSE:EOG) last posted its 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 company had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $6.07 billion. EOG Resources had a return on equity of 25.42% and a net margin of 30.33%. EOG Resources’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.49 earnings per share. On average, equities analysts anticipate that EOG Resources, Inc. will post 11.83 EPS for the current year.

EOG Resources Dividend Announcement

The firm also recently announced 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 of this dividend is Thursday, October 17th. This represents a $3.64 annualized dividend and a yield of 2.87%. EOG Resources’s dividend payout ratio (DPR) is 28.75%.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $126.48, for a total transaction of $505,920.00. Following the completion of the sale, the chief operating officer now owns 35,058 shares of the company’s stock, valued at $4,434,135.84. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other EOG Resources 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 sale, the executive vice president now owns 74,250 shares in the company, valued at approximately $9,615,375. This trade represents a 0.00 % 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, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s 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 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.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Royal Bank of Canada reissued a “sector perform” rating and set a $145.00 price objective on shares of EOG Resources in a research report on Monday, October 14th. JPMorgan Chase & Co. dropped their price objective on shares of EOG Resources from $143.00 to $135.00 and set a “neutral” rating on the stock in a research note on Thursday, September 12th. Piper Sandler decreased their target price on shares of EOG Resources from $154.00 to $147.00 and set an “overweight” rating for the company in a research note on Thursday, August 15th. Barclays dropped their price target on EOG Resources from $144.00 to $137.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 3rd. Finally, Morgan Stanley reduced their price objective on EOG Resources from $134.00 to $132.00 and set an “equal weight” rating for the company in a research report on Monday, September 16th. Fourteen analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, EOG Resources currently has a consensus rating of “Hold” and a consensus target price of $141.20.

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.