4,676 EOG Resources, Inc. $EOG Shares Sold by Gradient Investments LLC

Gradient Investments LLC lowered its position in shares of EOG Resources, Inc. (NYSE:EOG) by 3.6% in the 3rd quarter, Holdings Channel.com reports. The fund owned 126,273 shares of the energy exploration company’s stock after selling 4,676 shares during the period. Gradient Investments LLC’s holdings in EOG Resources were worth $17,395,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of EOG. Summitry LLC raised its position in EOG Resources by 1.5% during the first quarter. Summitry LLC now owns 4,832 shares of the energy exploration company’s stock valued at $699,000 after purchasing an additional 73 shares in the last quarter. Twin Capital Management Inc. boosted its holdings in shares of EOG Resources by 0.3% in the 1st quarter. Twin Capital Management Inc. now owns 23,980 shares of the energy exploration company’s stock worth $3,467,000 after purchasing an additional 79 shares in the last quarter. Sax Wealth Advisors LLC increased its position in shares of EOG Resources by 2.8% during the 2nd quarter. Sax Wealth Advisors LLC now owns 2,907 shares of the energy exploration company’s stock valued at $377,000 after purchasing an additional 79 shares during the last quarter. Paladin Wealth LLC increased its position in shares of EOG Resources by 5.3% during the 2nd quarter. Paladin Wealth LLC now owns 1,593 shares of the energy exploration company’s stock valued at $207,000 after purchasing an additional 80 shares during the last quarter. Finally, Hardy Reed LLC raised its holdings in shares of EOG Resources by 3.8% during the 1st quarter. Hardy Reed LLC now owns 2,251 shares of the energy exploration company’s stock valued at $325,000 after buying an additional 82 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

Insider Buying and Selling at EOG Resources

In related news, CEO Ezra Y. Yacob sold 35,942 shares of the firm’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $152.10, for a total value of $5,466,778.20. Following the sale, the chief executive officer directly owned 242,451 shares of the company’s stock, valued at $36,876,797.10. This trade represents a 12.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Michael P. Donaldson sold 7,336 shares of the firm’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $148.00, for a total value of $1,085,728.00. Following the completion of the sale, the executive vice president directly owned 100,558 shares in the company, valued at $14,882,584. The trade was a 6.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 52,317 shares of company stock worth $7,823,480. 0.14% of the stock is currently owned by company insiders.

EOG Resources Trading Up 2.9%

EOG stock traded up $4.17 during midday trading on Thursday, hitting $148.38. The company had a trading volume of 1,372,860 shares, compared to its average volume of 4,075,412. The stock has a market cap of $77.83 billion, a price-to-earnings ratio of 11.54, a PEG ratio of 0.53 and a beta of 0.36. EOG Resources, Inc. has a 52 week low of $101.59 and a 52 week high of $154.16. The company has a current ratio of 1.85, a quick ratio of 1.68 and a debt-to-equity ratio of 0.25. The stock’s 50 day moving average price is $144.45 and its 200 day moving average price is $139.84.

EOG Resources (NYSE:EOG) last issued its earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 EPS for the quarter, topping the consensus estimate of $4.97 by $0.10. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The company had revenue of $8.62 billion for the quarter, compared to the consensus estimate of $8.04 billion. During the same period in the previous year, the firm earned $2.32 earnings per share. The firm’s revenue for the quarter was up 57.4% on a year-over-year basis. As a group, equities research analysts expect that EOG Resources, Inc. will post 17.07 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be given a $1.02 dividend. The ex-dividend date is Friday, October 16th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.7%. EOG Resources’s payout ratio is presently 31.75%.

Wall Street Analyst Weigh In

EOG has been the subject of a number of recent research reports. The Goldman Sachs Group restated a “neutral” rating and issued a $151.00 target price (up from $127.00) on shares of EOG Resources in a research report on Monday, August 24th. Capital One Financial cut shares of EOG Resources from an “overweight” rating to an “equal weight” rating and set a $153.00 price target on the stock. in a research report on Wednesday, August 26th. Roth Capital reissued a “neutral” rating and set a $138.00 price target on shares of EOG Resources in a research note on Wednesday, August 5th. Seaport Research Partners assumed coverage on shares of EOG Resources in a report on Thursday, September 3rd. They issued a “neutral” rating for the company. Finally, Citigroup reaffirmed a “neutral” rating and set a $150.00 target price (up from $141.00) on shares of EOG Resources in a report on Thursday, August 27th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eighteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, EOG Resources currently has a consensus rating of “Hold” and an average price target of $159.12.

EOG Resources Company Profile

EOG Resources, Inc is an independent exploration and production company engaged in finding, developing, producing and marketing crude oil, natural gas liquids and natural gas. The company focuses on large-scale, onshore assets and applies drilling, completion and other technologies to develop unconventional oil and natural gas resources.

EOG’s principal operations are located in the United States, including the Permian Basin in Texas and New Mexico, the Eagle Ford in South Texas and the Rocky Mountain region.