8,362 EOG Resources, Inc. $EOG Shares Acquired by 1834 Investment Advisors Co.

Key Points

• 1834 Investment Advisors increased its EOG Resources stake by 153.9% in the third quarter, acquiring 8,362 additional shares for a total holding valued at approximately $1.9 million. Institutional investors and hedge funds collectively own 89.91% of EOG.
• Analyst sentiment remains mixed, with an average rating of “Hold” and an average price target of $160.56; individual targets range from $138 to $193.
• EOG reported quarterly earnings of $5.07 per share and revenue of $8.62 billion, both exceeding estimates. The company also declared a $1.02 quarterly dividend, equivalent to a 2.6% annualized yield.

1834 Investment Advisors Co. lifted its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 153.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,794 shares of the energy exploration company's stock after acquiring an additional 8,362 shares during the period. 1834 Investment Advisors Co.'s holdings in EOG Resources were worth $1,900,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. USA Financial Formulas acquired a new stake in EOG Resources during the 3rd quarter worth $451,000. Cravens & Co Advisors LLC acquired a new stake in shares of EOG Resources during the third quarter worth about $206,000. RKL Wealth Management LLC boosted its stake in shares of EOG Resources by 0.8% during the third quarter. RKL Wealth Management LLC now owns 21,579 shares of the energy exploration company's stock worth $2,973,000 after buying an additional 167 shares during the period. Vontobel Holding Ltd. boosted its stake in shares of EOG Resources by 12.4% during the third quarter. Vontobel Holding Ltd. now owns 141,584 shares of the energy exploration company's stock worth $19,505,000 after buying an additional 15,594 shares during the period. Finally, TD Waterhouse Canada Inc. grew its holdings in shares of EOG Resources by 1.5% during the third quarter. TD Waterhouse Canada Inc. now owns 38,568 shares of the energy exploration company's stock worth $5,467,000 after buying an additional 569 shares during the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Scotiabank assumed coverage on EOG Resources in a report on Wednesday. They set a "sector perform" rating and a $144.00 price target on the stock. Wells Fargo & Company reaffirmed an "overweight" rating and set a $193.00 price objective (down from $196.00) on shares of EOG Resources in a research note on Thursday, August 13th. Roth Capital reaffirmed a "neutral" rating and set a $138.00 price objective on shares of EOG Resources in a research note on Wednesday, August 5th. Raymond James Financial reaffirmed a "strong-buy" rating and set a $186.00 price objective (up from $183.00) on shares of EOG Resources in a research report on Thursday, September 17th. Finally, Susquehanna reiterated a "positive" rating and issued a $170.00 target price (up from $166.00) on shares of EOG Resources in a research note on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eighteen have given a Hold rating to the stock. According to data from MarketBeat, EOG Resources has an average rating of "Hold" and an average price target of $160.56.

Insider Activity at EOG Resources

In related news, COO Jeffrey Leitzell sold 9,039 shares of the stock in a transaction dated Friday, September 25th. The shares were sold at an average price of $140.61, for a total value of $1,270,973.79. Following the sale, the chief operating officer directly owned 90,790 shares of the company's stock, valued at approximately $12,765,981.90. This represents a 9.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ezra Yacob sold 35,942 shares of the firm's stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $152.10, for a total transaction of $5,466,778.20. Following the transaction, the chief executive officer 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. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 52,317 shares of company stock valued at $7,823,480. Insiders own 0.14% of the company's stock.

EOG Resources Stock Performance

Shares of EOG stock opened at $157.97 on Friday. The stock has a fifty day moving average price of $145.98 and a 200 day moving average price of $140.29. The stock has a market cap of $82.86 billion, a PE ratio of 12.29, a P/E/G ratio of 0.57 and a beta of 0.36. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year high of $158.37. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.68 and a current ratio of 1.85.

EOG Resources (NYSE:EOG - Get Free Report) last posted its earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 EPS for the quarter, topping analysts' consensus estimates of $4.97 by $0.10. The company had revenue of $8.62 billion for the quarter, compared to the consensus estimate of $8.04 billion. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%. EOG Resources's quarterly revenue was up 57.4% compared to the same quarter last year. During the same period in the previous year, the business earned $2.32 earnings per share. Sell-side analysts forecast that EOG Resources, Inc. will post 17.48 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 16th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Friday, October 16th. EOG Resources's dividend payout ratio is presently 31.75%.

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. Its operations focus on large, high-quality onshore and international assets, supported by technical expertise in horizontal drilling and hydraulic fracturing.

The company's principal U.S. activities are concentrated in major shale and onshore plays, including the Delaware Basin, Eagle Ford and other producing regions in Texas and the Rocky Mountains.

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