EOG Resources, Inc. (NYSE:EOG) Shares Sold by Teamwork Financial Advisors LLC

Teamwork Financial Advisors LLC cut its stake in EOG Resources, Inc. (NYSE:EOG) by 90.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,316 shares of the energy exploration company’s stock after selling 85,950 shares during the period. Teamwork Financial Advisors LLC’s holdings in EOG Resources were worth $1,145,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Riverview Trust Co acquired a new stake in shares of EOG Resources during the 2nd quarter worth $27,000. MFA Wealth Advisors LLC acquired a new stake in EOG Resources during the second quarter worth about $28,000. Gladius Capital Management LP purchased a new position in shares of EOG Resources in the 2nd quarter worth about $30,000. Triad Wealth Partners LLC acquired a new position in shares of EOG Resources in the 2nd quarter valued at about $35,000. Finally, Norwood Financial Corp purchased a new stake in shares of EOG Resources during the 1st quarter worth about $37,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on EOG. Truist Financial cut their price target on shares of EOG Resources from $130.00 to $115.00 and set a “hold” rating on the stock in a report on Monday, September 30th. Evercore ISI reduced their target price on shares of EOG Resources from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Monday, September 30th. Susquehanna decreased their price target on shares of EOG Resources from $159.00 to $158.00 and set a “positive” rating for the company in a research report on Wednesday, September 4th. Wolfe Research assumed coverage on EOG Resources in a research report on Thursday, July 18th. They issued a “peer perform” rating on the stock. Finally, Scotiabank decreased their target price on EOG Resources from $150.00 to $140.00 and set a “sector perform” rating for the company in a research report on Thursday, October 10th. Fourteen analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, EOG Resources has an average rating of “Hold” and a consensus target price of $141.20.

Insider Activity at EOG Resources

In other EOG Resources 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 sale, the executive vice president now owns 74,250 shares in the company, 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 EOG Resources stock in a transaction dated Monday, August 26th. The shares were 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 of the company’s stock, valued at approximately $9,615,375. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Charles R. Crisp sold 6,500 shares of the 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 sale, the director now owns 60,892 shares in the company, valued at approximately $7,648,035.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,537 shares of company stock valued at $2,751,612. Corporate insiders own 0.30% of the company’s stock.

EOG Resources Trading Up 0.5 %

EOG opened at $127.04 on Friday. The stock has a market capitalization of $73.01 billion, a PE ratio of 10.03, a P/E/G ratio of 3.38 and a beta of 1.28. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.12 and a quick ratio of 1.89. EOG Resources, Inc. has a 12-month low of $108.94 and a 12-month high of $139.67. The firm’s fifty day moving average price is $126.24 and its 200 day moving average price is $127.17.

EOG Resources (NYSE:EOG) last issued 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. The business had revenue of $6.03 billion for the quarter, compared to analysts’ expectations of $6.07 billion. EOG Resources had a net margin of 30.33% and a return on equity of 25.42%. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the company posted $2.49 earnings per share. As a group, research analysts expect that EOG Resources, Inc. will post 11.83 EPS for the current fiscal year.

EOG Resources Announces Dividend

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 $0.91 dividend. The ex-dividend date is Thursday, October 17th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.87%. EOG Resources’s dividend payout ratio (DPR) is 28.75%.

EOG Resources 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.