Kingswood Wealth Advisors LLC Purchases 649 Shares of EOG Resources, Inc. (NYSE:EOG)

Kingswood Wealth Advisors LLC boosted its position in shares of EOG Resources, Inc. (NYSE:EOG) by 19.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,966 shares of the energy exploration company’s stock after buying an additional 649 shares during the period. Kingswood Wealth Advisors LLC’s holdings in EOG Resources were worth $499,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in EOG. Wright Investors Service Inc. grew its holdings in shares of EOG Resources by 0.8% in the first quarter. Wright Investors Service Inc. now owns 10,163 shares of the energy exploration company’s stock valued at $1,299,000 after purchasing an additional 80 shares in the last quarter. Field & Main Bank grew its stake in shares of EOG Resources by 1.4% in the 1st quarter. Field & Main Bank now owns 6,163 shares of the energy exploration company’s stock worth $788,000 after buying an additional 83 shares in the last quarter. PDS Planning Inc increased its holdings in shares of EOG Resources by 4.1% in the 1st quarter. PDS Planning Inc now owns 2,152 shares of the energy exploration company’s stock worth $275,000 after buying an additional 84 shares during the last quarter. Moody National Bank Trust Division raised its position in shares of EOG Resources by 1.0% during the 1st quarter. Moody National Bank Trust Division now owns 8,420 shares of the energy exploration company’s stock valued at $1,076,000 after buying an additional 87 shares in the last quarter. Finally, FinTrust Capital Advisors LLC lifted its holdings in shares of EOG Resources by 26.9% in the 4th quarter. FinTrust Capital Advisors LLC now owns 420 shares of the energy exploration company’s stock valued at $51,000 after acquiring an additional 89 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Barclays started coverage on EOG Resources in a research report on Wednesday, April 10th. They set an “equal weight” rating and a $144.00 price objective on the stock. Stifel Nicolaus decreased their price target on EOG Resources from $153.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, April 23rd. Wolfe Research started coverage on shares of EOG Resources in a research note on Thursday, July 18th. They set a “peer perform” rating for the company. Sanford C. Bernstein reduced their target price on shares of EOG Resources from $139.00 to $125.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 17th. Finally, Susquehanna lifted their price target on shares of EOG Resources from $155.00 to $159.00 and gave the stock a “positive” rating in a research note on Monday. Fourteen equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, EOG Resources currently has an average rating of “Hold” and an average target price of $143.40.

Insider Transactions at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 7,802 shares of the company’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $130.07, for a total transaction of $1,014,806.14. Following the transaction, the chief operating officer now directly owns 39,054 shares of the company’s stock, valued at approximately $5,079,753.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Ezra Y. Yacob sold 4,729 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $129.31, for a total transaction of $611,506.99. Following the sale, the chief executive officer now directly owns 150,474 shares of the company’s stock, valued at $19,457,792.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Jeffrey R. Leitzell sold 7,802 shares of the firm’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $130.07, for a total value of $1,014,806.14. Following the completion of the transaction, the chief operating officer now owns 39,054 shares of the company’s stock, valued at approximately $5,079,753.78. The disclosure for this sale can be found here. Insiders sold 16,512 shares of company stock valued at $2,144,972 in the last quarter. 0.30% of the stock is currently owned by corporate insiders.

EOG Resources Stock Up 0.7 %

Shares of NYSE:EOG traded up $0.85 on Wednesday, reaching $123.12. The company had a trading volume of 2,714,636 shares, compared to its average volume of 3,212,520. The company has a current ratio of 2.32, a quick ratio of 2.05 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $70.76 billion, a PE ratio of 9.85, a PEG ratio of 2.15 and a beta of 1.30. EOG Resources, Inc. has a 52-week low of $108.94 and a 52-week high of $139.67. The firm’s 50 day simple moving average is $124.50 and its 200-day simple moving average is $123.96.

EOG Resources (NYSE:EOG) last announced its earnings results on Thursday, August 1st. The energy exploration company reported $3.16 EPS for the quarter, topping analysts’ consensus estimates of $2.98 by $0.18. EOG Resources had a net margin of 30.33% and a return on equity of 25.65%. The business had revenue of $6.03 billion during the quarter, compared to the consensus estimate of $6.07 billion. During the same period in the previous year, the company posted $2.49 earnings per share. The firm’s revenue was up 8.1% on a year-over-year basis. As a group, analysts expect that EOG Resources, Inc. will post 12.13 earnings per share 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. 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 annualized dividend and a dividend yield of 2.96%. EOG Resources’s dividend payout ratio is presently 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.