Arkadios Wealth Advisors Purchases 8,241 Shares of EOG Resources, Inc. (NYSE:EOG)

Arkadios Wealth Advisors increased its position in EOG Resources, Inc. (NYSE:EOG) by 508.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,862 shares of the energy exploration company’s stock after acquiring an additional 8,241 shares during the period. Arkadios Wealth Advisors’ holdings in EOG Resources were worth $1,241,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Wright Investors Service Inc. grew its position in EOG Resources by 0.8% in the 1st quarter. Wright Investors Service Inc. now owns 10,163 shares of the energy exploration company’s stock worth $1,299,000 after purchasing an additional 80 shares during the period. CVA Family Office LLC increased its position in EOG Resources by 11.0% in the second quarter. CVA Family Office LLC now owns 820 shares of the energy exploration company’s stock worth $103,000 after buying an additional 81 shares in the last quarter. Bailard Inc. raised its stake in shares of EOG Resources by 0.4% in the second quarter. Bailard Inc. now owns 19,899 shares of the energy exploration company’s stock worth $2,505,000 after buying an additional 81 shares during the period. Field & Main Bank lifted its position in shares of EOG Resources by 1.4% during the 1st quarter. Field & Main Bank now owns 6,163 shares of the energy exploration company’s stock valued at $788,000 after buying an additional 83 shares in the last quarter. Finally, PDS Planning Inc grew its stake in shares of EOG Resources by 4.1% during the 1st quarter. PDS Planning Inc now owns 2,152 shares of the energy exploration company’s stock valued at $275,000 after acquiring an additional 84 shares during the period. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EOG has been the topic of several analyst reports. Truist Financial lowered their price target on shares of EOG Resources from $136.00 to $130.00 and set a “hold” rating on the stock in a report on Monday, July 22nd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $147.00 target price on shares of EOG Resources in a report on Wednesday, July 10th. Bank of America restated a “buy” rating and issued a $151.00 price objective on shares of EOG Resources in a research report on Friday, June 14th. Benchmark reaffirmed a “hold” rating on shares of EOG Resources in a report on Tuesday, May 7th. Finally, Citigroup raised their target price on shares of EOG Resources from $124.00 to $130.00 and gave the company a “neutral” rating in a research note on Friday, May 24th. Thirteen investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $144.00.

Insider Activity

In related news, EVP Michael P. Donaldson sold 11,037 shares of the business’s stock in a transaction on 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 completion of the transaction, the executive vice president now directly owns 74,250 shares in the company, valued at $9,615,375. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $126.48, for a total transaction of $505,920.00. Following the sale, the chief operating officer now owns 35,058 shares of the company’s stock, valued at approximately $4,434,135.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael P. Donaldson sold 11,037 shares of the business’s stock in a transaction on 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 completion of the transaction, the executive vice president now owns 74,250 shares of the company’s stock, valued at $9,615,375. The disclosure for this sale can be found here. Insiders have sold 21,537 shares of company stock valued at $2,751,612 in the last ninety days. Insiders own 0.30% of the company’s stock.

EOG Resources Stock Down 1.4 %

Shares of NYSE EOG traded down $1.80 during midday trading on Friday, reaching $128.18. 119,383 shares of the company’s stock traded hands, compared to its average volume of 3,120,855. The company has a market cap of $73.67 billion, a price-to-earnings ratio of 10.27, a P/E/G ratio of 2.15 and a beta of 1.30. EOG Resources, Inc. has a one year low of $108.94 and a one year high of $139.67. The company has a quick ratio of 2.05, a current ratio of 2.32 and a debt-to-equity ratio of 0.13. The stock’s 50 day simple moving average is $126.55 and its 200-day simple moving average is $125.48.

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, topping the consensus estimate of $2.98 by $0.18. EOG Resources had a return on equity of 25.65% and a net margin of 30.33%. The firm had revenue of $6.03 billion during the quarter, compared to analyst estimates of $6.07 billion. During the same period in the previous year, the company posted $2.49 EPS. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. On average, analysts predict that EOG Resources, Inc. will post 12.13 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend is Thursday, October 17th. EOG Resources’s payout ratio is 28.75%.

About EOG Resources

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.