Inscription Capital LLC Decreases Position in EOG Resources, Inc. (NYSE:EOG)

Inscription Capital LLC reduced its stake in EOG Resources, Inc. (NYSE:EOG) by 1.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,268 shares of the energy exploration company’s stock after selling 237 shares during the period. Inscription Capital LLC’s holdings in EOG Resources were worth $2,860,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Semanteon Capital Management LP acquired a new stake in shares of EOG Resources during the third quarter worth about $205,000. Smithbridge Asset Management Inc. DE grew its stake in EOG Resources by 77.6% during the 3rd quarter. Smithbridge Asset Management Inc. DE now owns 34,395 shares of the energy exploration company’s stock worth $4,228,000 after buying an additional 15,026 shares during the last quarter. Graham Capital Wealth Management LLC increased its position in EOG Resources by 2.3% during the third quarter. Graham Capital Wealth Management LLC now owns 19,550 shares of the energy exploration company’s stock worth $2,403,000 after buying an additional 441 shares during the period. PFG Investments LLC lifted its stake in EOG Resources by 77.5% in the third quarter. PFG Investments LLC now owns 4,660 shares of the energy exploration company’s stock valued at $573,000 after buying an additional 2,034 shares during the last quarter. Finally, Arkadios Wealth Advisors boosted its holdings in shares of EOG Resources by 19.3% in the third quarter. Arkadios Wealth Advisors now owns 11,764 shares of the energy exploration company’s stock valued at $1,446,000 after acquiring an additional 1,902 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Price Performance

Shares of EOG Resources stock traded down $2.20 on Monday, hitting $120.97. The company’s stock had a trading volume of 197,309 shares, compared to its average volume of 3,141,245. The company has a quick ratio of 1.89, a current ratio of 2.12 and a debt-to-equity ratio of 0.11. The firm has a fifty day moving average price of $125.95 and a 200-day moving average price of $126.66. EOG Resources, Inc. has a 52-week low of $108.94 and a 52-week high of $139.67. The company has a market capitalization of $69.52 billion, a P/E ratio of 9.46, a price-to-earnings-growth ratio of 3.26 and a beta of 1.28.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, August 1st. The energy exploration company reported $3.16 EPS for the quarter, beating the consensus estimate of $2.98 by $0.18. EOG Resources had a net margin of 30.33% and a return on equity of 25.42%. The business had revenue of $6.03 billion for the quarter, compared to analyst estimates of $6.07 billion. During the same period in the prior year, the business earned $2.49 earnings per share. The company’s quarterly revenue was up 8.1% on a year-over-year basis. On average, equities research analysts expect that EOG Resources, Inc. will post 11.71 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 3.01%. The ex-dividend date is Thursday, October 17th. EOG Resources’s payout ratio is 28.75%.

Insider Transactions at EOG Resources

In other EOG Resources news, EVP Michael P. Donaldson sold 11,037 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the sale, the executive vice president now directly owns 74,250 shares of the company’s stock, valued at $9,615,375. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other EOG Resources news, Director Charles R. Crisp sold 6,500 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total transaction of $816,400.00. Following the completion of the sale, the director now directly owns 60,892 shares in the company, valued at $7,648,035.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Michael P. Donaldson sold 11,037 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the completion of the sale, the executive vice president now directly owns 74,250 shares of the company’s stock, valued at $9,615,375. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,537 shares of company stock valued at $2,751,612 over the last three months. 0.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Morgan Stanley reduced their price target on shares of EOG Resources from $134.00 to $132.00 and set an “equal weight” rating for the company in a research report on Monday, September 16th. Wells Fargo & Company reduced their target price on shares of EOG Resources from $140.00 to $135.00 and set an “equal weight” rating for the company in a report on Tuesday, October 1st. Wolfe Research assumed coverage on EOG Resources in a report on Thursday, July 18th. They set a “peer perform” rating on the stock. Sanford C. Bernstein reduced their price objective on EOG Resources from $139.00 to $125.00 and set a “market perform” rating for the company in a research note on Wednesday, July 17th. Finally, Susquehanna dropped their target price on EOG Resources from $159.00 to $158.00 and set a “positive” rating on the stock in a report on Wednesday, September 4th. Fourteen analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $141.20.

EOG Resources Company 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.