Quotient Wealth Partners LLC Purchases 235 Shares of EOG Resources, Inc. (NYSE:EOG)

by · The Cerbat Gem

Quotient Wealth Partners LLC raised its position in EOG Resources, Inc. (NYSE:EOG – Free Report) by 12.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,103 shares of the energy exploration company’s stock after acquiring an additional 235 shares during the quarter. Quotient Wealth Partners LLC’s holdings in EOG Resources were worth $259,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Riverview Trust Co purchased a new position in shares of EOG Resources in the second quarter worth approximately $27,000. MFA Wealth Advisors LLC purchased a new position in shares of EOG Resources during the 2nd quarter worth $28,000. Gladius Capital Management LP bought a new stake in shares of EOG Resources during the 2nd quarter valued at $30,000. Triad Wealth Partners LLC purchased a new stake in shares of EOG Resources in the 2nd quarter worth $35,000. Finally, Norwood Financial Corp bought a new position in EOG Resources in the 1st quarter worth $37,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on EOG. KeyCorp began coverage on EOG Resources in a research report on Thursday, June 27th. They issued an “overweight” rating and a $157.00 price target for the company. JPMorgan Chase & Co. decreased their target price 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. Royal Bank of Canada reiterated a “sector perform” rating and issued a $147.00 price target on shares of EOG Resources in a research report on Wednesday, July 10th. Bank of America restated a “buy” rating and set a $151.00 price objective on shares of EOG Resources in a research report on Friday, June 14th. Finally, Evercore ISI lowered their price target on EOG Resources from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Monday, September 30th. Fourteen investment 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $141.65.

Check Out Our Latest Stock Analysis on EOG Resources

EOG Resources Stock Performance

Shares of NYSE:EOG opened at $132.45 on Friday. 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 12 month low of $108.94 and a 12 month high of $139.67. The company has a market capitalization of $75.31 billion, a price-to-earnings ratio of 10.23, a PEG ratio of 3.38 and a beta of 1.28. The firm’s 50-day moving average is $125.89 and its 200 day moving average is $127.13.

EOG Resources (NYSE:EOG – Get Free Report) last released its earnings results on Thursday, August 1st. The energy exploration company reported $3.16 EPS for the quarter, beating analysts’ consensus estimates of $2.98 by $0.18. EOG Resources had a return on equity of 25.42% and a net margin of 30.33%. The firm had revenue of $6.03 billion for the quarter, compared to analysts’ expectations of $6.07 billion. During the same quarter in the prior year, the firm posted $2.49 earnings per share. The company’s quarterly revenue was up 8.1% on a year-over-year basis. Research analysts predict that EOG Resources, Inc. will post 11.83 EPS for the current year.

EOG Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders 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 dividend yield of 2.75%. EOG Resources’s dividend payout ratio (DPR) is 28.11%.

Insider Activity

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction dated 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 in the company, valued at $4,434,135.84. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, EVP Michael P. Donaldson sold 11,037 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $129.50, for a total value of $1,429,291.50. Following the transaction, the executive vice president now owns 74,250 shares of the company’s stock, valued at $9,615,375. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction on Friday, August 9th. The shares were sold at an average price of $126.48, for a total value of $505,920.00. Following the sale, the chief operating officer now directly owns 35,058 shares of the company’s stock, valued at approximately $4,434,135.84. This trade represents 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. 0.30% of the stock is currently owned by company insiders.

EOG Resources Company Profile

(Free Report)

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.

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