Wealth Alliance Advisory Group LLC Grows Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

Wealth Alliance Advisory Group LLC lifted its position in EOG Resources, Inc. (NYSE:EOG) by 186.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,134 shares of the energy exploration company’s stock after buying an additional 3,989 shares during the period. Wealth Alliance Advisory Group LLC’s holdings in EOG Resources were worth $754,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of EOG. UniSuper Management Pty Ltd increased its position in shares of EOG Resources by 228.4% during the first quarter. UniSuper Management Pty Ltd now owns 15,626 shares of the energy exploration company’s stock worth $1,998,000 after purchasing an additional 10,868 shares in the last quarter. Bryn Mawr Capital Management LLC acquired a new position in EOG Resources during the 1st quarter valued at about $1,217,000. Romano Brothers AND Company acquired a new stake in EOG Resources in the first quarter worth about $1,349,000. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of EOG Resources by 57.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 380,287 shares of the energy exploration company’s stock worth $46,192,000 after acquiring an additional 138,869 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of EOG Resources by 0.7% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,491,898 shares of the energy exploration company’s stock valued at $190,724,000 after acquiring an additional 9,894 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

EOG Resources Trading Down 0.3 %

EOG stock opened at $126.62 on Friday. EOG Resources, Inc. has a 52-week low of $108.94 and a 52-week high of $139.67. 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 market cap of $72.77 billion, a P/E ratio of 10.00, a PEG ratio of 3.38 and a beta of 1.28. The company’s 50-day simple moving average is $126.24 and its 200-day simple moving average is $127.11.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.98 by $0.18. The company 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%. EOG Resources’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.49 earnings per share. As a group, equities analysts forecast that EOG Resources, Inc. will post 11.83 EPS 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. Investors of record on Thursday, October 17th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 2.87%. The ex-dividend date of this dividend is Thursday, October 17th. EOG Resources’s payout ratio is presently 28.75%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on EOG shares. UBS Group lowered their target price on shares of EOG Resources from $167.00 to $154.00 and set a “buy” rating for the company in a research note on Wednesday, September 18th. JPMorgan Chase & Co. dropped their price objective on shares of EOG Resources from $143.00 to $135.00 and set a “neutral” rating on the stock in a report on Thursday, September 12th. KeyCorp reduced their target price on EOG Resources from $157.00 to $150.00 and set an “overweight” rating for the company in a research note on Wednesday. Wolfe Research assumed coverage on EOG Resources in a research note on Thursday, July 18th. They set a “peer perform” rating on the stock. Finally, Morgan Stanley reduced their price objective on EOG Resources from $134.00 to $132.00 and set an “equal weight” rating for the company in a research note on Monday, September 16th. Fourteen equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $141.20.

Insiders Place Their Bets

In other news, EVP Michael P. Donaldson sold 11,037 shares of the business’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 completion of the sale, the executive vice president now owns 74,250 shares of the company’s stock, valued at $9,615,375. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, EVP Michael P. Donaldson sold 11,037 shares of the firm’s 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 in the company, valued at $9,615,375. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Charles R. Crisp sold 6,500 shares of EOG Resources stock in a transaction that occurred on 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 $7,648,035.20. This 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 worth $2,751,612. Company insiders own 0.30% of the company’s stock.

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.