Cliftonlarsonallen Wealth Advisors LLC Raises Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

Cliftonlarsonallen Wealth Advisors LLC lifted its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 13.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 325,975 shares of the energy exploration company’s stock after acquiring an additional 39,889 shares during the period. EOG Resources accounts for about 0.9% of Cliftonlarsonallen Wealth Advisors LLC’s holdings, making the stock its 28th biggest position. Cliftonlarsonallen Wealth Advisors LLC owned approximately 0.06% of EOG Resources worth $40,072,000 at the end of the most recent quarter.

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

Insider Activity

In related news, EVP Michael P. Donaldson sold 11,037 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now owns 74,250 shares in the company, valued at approximately $9,615,375. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Michael P. Donaldson sold 11,037 shares of the company’s stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 74,250 shares in the company, valued at approximately $9,615,375. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Charles R. Crisp sold 6,500 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total value of $816,400.00. Following the completion of the sale, the director now directly owns 60,892 shares in the company, valued at approximately $7,648,035.20. The trade was a 0.00 % decrease in their ownership of the stock. 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 90 days. Insiders own 0.30% of the company’s stock.

EOG Resources Price Performance

EOG stock opened at $131.47 on Tuesday. The stock’s 50 day moving average price is $126.05 and its 200 day moving average price is $127.17. The firm has a market cap of $75.56 billion, a P/E ratio of 10.38, a PEG ratio of 3.38 and a beta of 1.28. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.89 and a current ratio of 2.12. EOG Resources, Inc. has a 1 year low of $108.94 and a 1 year high of $139.67.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.98 by $0.18. The business had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $6.07 billion. EOG Resources had a return on equity of 25.42% and a net margin of 30.33%. The business’s revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the business earned $2.49 earnings per share. On average, sell-side analysts expect that EOG Resources, Inc. will post 11.83 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be issued a dividend of $0.91 per share. The ex-dividend date is Thursday, October 17th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.77%. EOG Resources’s dividend payout ratio (DPR) is presently 28.75%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on EOG. Evercore ISI dropped their price target on shares of EOG Resources from $150.00 to $145.00 and set an “outperform” rating on the stock in a research note on Monday, September 30th. Susquehanna dropped their target price on EOG Resources from $159.00 to $158.00 and set a “positive” rating on the stock in a research report on Wednesday, September 4th. Morgan Stanley reduced their price target on EOG Resources from $134.00 to $132.00 and set an “equal weight” rating for the company in a report on Monday, September 16th. Barclays dropped their price objective on EOG Resources from $144.00 to $137.00 and set an “equal weight” rating on the stock in a report on Thursday, October 3rd. Finally, Piper Sandler reduced their target price on EOG Resources from $154.00 to $147.00 and set an “overweight” rating for the company in a report on Thursday, August 15th. Fourteen 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 MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $141.55.

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.