3,223 Shares in EOG Resources, Inc. (NYSE:EOG) Acquired by American Alpha Advisors LLC

Key Points

• American Alpha Advisors LLC acquired 3,223 shares of EOG Resources, valued at approximately $413,000, as disclosed in a recent SEC filing.
• EOG Resources reported a quarterly earnings per share (EPS) of $2.32, surpassing estimates, despite a revenue decline of 9.1% year over year.
• The company announced an increased quarterly dividend to $1.02, up from its previous $0.98, signaling confidence in its financial stability.

American Alpha Advisors LLC purchased a new position in EOG Resources, Inc. (NYSE:EOG - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,223 shares of the energy exploration company's stock, valued at approximately $413,000.

Other institutional investors also recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise purchased a new position in EOG Resources in the first quarter worth approximately $26,000. Alpine Bank Wealth Management purchased a new position in EOG Resources in the first quarter worth approximately $34,000. Ameriflex Group Inc. purchased a new stake in EOG Resources during the fourth quarter worth approximately $36,000. 10Elms LLP purchased a new stake in EOG Resources during the fourth quarter worth approximately $44,000. Finally, Hanson & Doremus Investment Management purchased a new stake in EOG Resources during the first quarter worth approximately $51,000. Hedge funds and other institutional investors own 89.91% of the company's stock.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 3,951 shares of the business's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $119.65, for a total transaction of $472,737.15. Following the completion of the transaction, the chief operating officer owned 45,739 shares of the company's stock, valued at $5,472,671.35. The trade was a 7.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently commented on EOG shares. KeyCorp dropped their target price on shares of EOG Resources from $150.00 to $140.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. Royal Bank Of Canada dropped their price target on shares of EOG Resources from $145.00 to $140.00 and set an "outperform" rating on the stock in a research note on Tuesday, July 8th. Mizuho cut their price target on shares of EOG Resources from $140.00 to $134.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Wells Fargo & Company reaffirmed an "overweight" rating on shares of EOG Resources in a research note on Sunday, June 22nd. Finally, Raymond James Financial upped their price objective on EOG Resources from $158.00 to $161.00 and gave the company a "strong-buy" rating in a research report on Tuesday, July 22nd. Twelve analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, EOG Resources currently has a consensus rating of "Moderate Buy" and a consensus target price of $140.71.

EOG Resources Trading Up 1.1%

EOG traded up $1.31 during trading on Wednesday, reaching $119.32. The company had a trading volume of 2,951,150 shares, compared to its average volume of 3,653,102. The firm's 50-day simple moving average is $119.84 and its 200 day simple moving average is $119.64. The company has a market cap of $65.15 billion, a price-to-earnings ratio of 11.60, a PEG ratio of 8.93 and a beta of 0.80. EOG Resources, Inc. has a 12-month low of $102.52 and a 12-month high of $138.18. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.61 and a current ratio of 1.79.

EOG Resources (NYSE:EOG - Get Free Report) last released its earnings results on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share for the quarter, beating the consensus estimate of $2.14 by $0.18. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%. The company had revenue of $5.48 billion for the quarter, compared to analysts' expectations of $5.45 billion. During the same quarter in the previous year, the business posted $3.16 EPS. The business's revenue for the quarter was down 9.1% on a year-over-year basis. Equities research analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 17th will be issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 3.4%. This is an increase from EOG Resources's previous quarterly dividend of $0.98. The ex-dividend date is Friday, October 17th. EOG Resources's dividend payout ratio is 39.65%.

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.