Grimes & Company Inc. Raises Holdings in EOG Resources, Inc. (NYSE:EOG)

Grimes & Company Inc. grew its position in shares of EOG Resources, Inc. (NYSE:EOG) by 0.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 144,628 shares of the energy exploration company’s stock after purchasing an additional 604 shares during the period. Grimes & Company Inc.’s holdings in EOG Resources were worth $17,779,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in EOG. Boyd Watterson Asset Management LLC OH lifted its holdings in shares of EOG Resources by 10.5% in the 3rd quarter. Boyd Watterson Asset Management LLC OH now owns 4,538 shares of the energy exploration company’s stock valued at $558,000 after acquiring an additional 430 shares during the last quarter. Beese Fulmer Investment Management Inc. lifted its holdings in shares of EOG Resources by 1.7% in the 3rd quarter. Beese Fulmer Investment Management Inc. now owns 53,643 shares of the energy exploration company’s stock valued at $6,594,000 after acquiring an additional 910 shares during the last quarter. X Square Capital LLC lifted its holdings in shares of EOG Resources by 14.6% in the 3rd quarter. X Square Capital LLC now owns 3,709 shares of the energy exploration company’s stock valued at $456,000 after acquiring an additional 473 shares during the last quarter. Romano Brothers AND Company lifted its holdings in shares of EOG Resources by 5.4% in the 3rd quarter. Romano Brothers AND Company now owns 13,750 shares of the energy exploration company’s stock valued at $1,690,000 after acquiring an additional 700 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new position in shares of EOG Resources in the 3rd quarter valued at about $32,860,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Michael P. Donaldson sold 11,037 shares of EOG Resources 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 directly owns 74,250 shares in the company, valued at approximately $9,615,375. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction 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 completion of the sale, the chief operating officer now directly owns 35,058 shares in the company, valued at approximately $4,434,135.84. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Michael P. Donaldson sold 11,037 shares of EOG Resources stock in a transaction on Monday, August 26th. The stock was 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 of the company’s stock, valued at $9,615,375. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,537 shares of company stock valued at $2,751,612. 0.30% of the stock is currently owned by insiders.

EOG Resources Price Performance

EOG stock remained flat at $124.73 during trading on Thursday. 42,159 shares of the company traded hands, compared to its average volume of 3,146,822. The stock’s 50-day moving average price is $126.12 and its two-hundred day moving average price is $126.91. 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 company has a market capitalization of $71.68 billion, a price-to-earnings ratio of 9.85, a P/E/G ratio of 3.38 and a beta of 1.28.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.98 by $0.18. EOG Resources had a net margin of 30.33% and a return on equity of 25.42%. The business had revenue of $6.03 billion for the quarter, compared to analyst estimates of $6.07 billion. During the same period in the previous year, the company earned $2.49 earnings per share. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, equities research analysts predict that EOG Resources, Inc. will post 11.83 EPS 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. Shareholders of record on Thursday, October 17th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 2.92%. The ex-dividend date is Thursday, October 17th. EOG Resources’s dividend payout ratio is currently 28.75%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Wells Fargo & Company lowered their price target on shares of EOG Resources from $140.00 to $135.00 and set an “equal weight” rating for the company in a report on Tuesday, October 1st. Truist Financial decreased their price objective on shares of EOG Resources from $130.00 to $115.00 and set a “hold” rating for the company in a research note on Monday, September 30th. UBS Group decreased their price objective 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. Wolfe Research initiated coverage on shares of EOG Resources in a research note on Thursday, July 18th. They issued a “peer perform” rating for the company. Finally, KeyCorp decreased their price objective on shares of EOG Resources from $157.00 to $150.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Fourteen analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $141.20.

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.