EOG Resources, Inc. $EOG Stock Bought by D.A. Davidson & CO.

Key Points

• D.A. Davidson & Co. increased its EOG Resources stake by 8.9% in the third quarter, bringing its holdings to 190,949 shares valued at approximately $26.3 million. Institutional investors collectively own 89.91% of EOG’s stock.
• EOG reported quarterly EPS of $5.07, surpassing the $4.97 consensus estimate, while revenue rose 57.4% year over year to $8.62 billion. Analysts expect full-year EPS of $17.70.
• EOG declared a quarterly dividend of $1.02 per share, equivalent to a $4.08 annualized payout and a 2.5% yield. Despite mixed analyst actions, the stock carries a consensus “Hold” rating with a $161.24 target price.

D.A. Davidson & CO. grew its stake in EOG Resources, Inc. (NYSE:EOG - Free Report) by 8.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 190,949 shares of the energy exploration company's stock after acquiring an additional 15,578 shares during the period. D.A. Davidson & CO.'s holdings in EOG Resources were worth $26,305,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of EOG. North Dakota State Investment Board grew its position in shares of EOG Resources by 0.9% during the 3rd quarter. North Dakota State Investment Board now owns 16,400 shares of the energy exploration company's stock worth $2,259,000 after buying an additional 149 shares in the last quarter. Laurel Wealth Advisors LLC bought a new stake in shares of EOG Resources in the third quarter valued at about $78,000. Conning Inc. raised its holdings in shares of EOG Resources by 1.4% in the third quarter. Conning Inc. now owns 261,432 shares of the energy exploration company's stock valued at $36,015,000 after acquiring an additional 3,666 shares in the last quarter. Insight Inv LLC lifted its stake in EOG Resources by 2.2% in the third quarter. Insight Inv LLC now owns 24,605 shares of the energy exploration company's stock worth $3,390,000 after acquiring an additional 528 shares during the period. Finally, SYM FINANCIAL Corp lifted its stake in EOG Resources by 19.8% in the third quarter. SYM FINANCIAL Corp now owns 2,546 shares of the energy exploration company's stock worth $351,000 after acquiring an additional 421 shares during the period. 89.91% of the stock is owned by hedge funds and other institutional investors.

EOG Resources Price Performance

Shares of NYSE EOG opened at $160.84 on Thursday. EOG Resources, Inc. has a fifty-two week low of $101.59 and a fifty-two week high of $165.11. The company has a market cap of $84.37 billion, a PE ratio of 12.52, a P/E/G ratio of 0.58 and a beta of 0.36. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.68 and a current ratio of 1.85. The business has a 50-day simple moving average of $148.54 and a two-hundred day simple moving average of $136.17.

EOG Resources (NYSE:EOG - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.97 by $0.10. The firm had revenue of $8.62 billion for the quarter, compared to the consensus estimate of $8.04 billion. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The company's revenue for the quarter was up 57.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.32 earnings per share. As a group, equities analysts expect that EOG Resources, Inc. will post 17.70 EPS for the current fiscal year.

EOG Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Friday, October 16th. EOG Resources's payout ratio is currently 31.75%.

Insiders Place Their Bets

In other EOG Resources news, EVP Michael P. Donaldson sold 7,336 shares of the firm's stock in a transaction on Friday, September 11th. The shares were sold at an average price of $148.00, for a total value of $1,085,728.00. Following the completion of the transaction, the executive vice president owned 100,558 shares of the company's stock, valued at approximately $14,882,584. This trade represents a 6.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Jeffrey R. Leitzell sold 9,039 shares of EOG Resources stock in a transaction on Friday, September 25th. The stock was sold at an average price of $140.61, for a total transaction of $1,270,973.79. Following the sale, the chief operating officer owned 90,790 shares of the company's stock, valued at $12,765,981.90. The trade was a 9.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 52,317 shares of company stock valued at $7,823,480. Insiders own 0.14% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Capital One Financial cut shares of EOG Resources from an "overweight" rating to an "equal weight" rating and set a $153.00 target price on the stock. in a report on Wednesday, August 26th. Morgan Stanley boosted their price target on shares of EOG Resources from $157.00 to $163.00 and gave the company an "equal weight" rating in a report on Thursday, October 15th. Freedom Capital cut shares of EOG Resources from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 5th. Zacks Research raised shares of EOG Resources from a "hold" rating to a "strong-buy" rating in a research report on Friday, October 16th. Finally, UBS Group reiterated a "buy" rating and set a $186.00 price objective (up from $183.00) on shares of EOG Resources in a research note on Friday, October 9th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and seventeen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, EOG Resources presently has a consensus rating of "Hold" and a consensus target price of $161.24.

About EOG Resources

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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