RIA Advisory Group LLC Invests $1.81 Million in EOG Resources, Inc. (NYSE:EOG)

RIA Advisory Group LLC acquired a new stake in shares of EOG Resources, Inc. (NYSE:EOG) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 14,720 shares of the energy exploration company’s stock, valued at approximately $1,809,000. EOG Resources makes up approximately 0.6% of RIA Advisory Group LLC’s holdings, making the stock its 25th largest position.

A number of other large investors have also added to or reduced their stakes in the stock. Cape ANN Savings Bank grew its holdings in shares of EOG Resources by 0.9% during the third quarter. Cape ANN Savings Bank now owns 8,679 shares of the energy exploration company’s stock valued at $1,067,000 after buying an additional 79 shares during the last quarter. CVA Family Office LLC raised its stake in shares of EOG Resources by 11.0% in the second quarter. CVA Family Office LLC now owns 820 shares of the energy exploration company’s stock worth $103,000 after purchasing an additional 81 shares during the last quarter. Bailard Inc. lifted its holdings in shares of EOG Resources by 0.4% during the second quarter. Bailard Inc. now owns 19,899 shares of the energy exploration company’s stock valued at $2,505,000 after purchasing an additional 81 shares in the last quarter. Everpar Advisors LLC boosted its position in shares of EOG Resources by 3.6% during the third quarter. Everpar Advisors LLC now owns 2,380 shares of the energy exploration company’s stock valued at $293,000 after buying an additional 83 shares during the last quarter. Finally, Altman Advisors Inc. increased its holdings in EOG Resources by 0.7% in the 2nd quarter. Altman Advisors Inc. now owns 12,731 shares of the energy exploration company’s stock worth $1,603,000 after buying an additional 85 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Insider Activity at EOG Resources

In other EOG Resources news, Director Charles R. Crisp sold 6,500 shares of EOG Resources stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total value of $816,400.00. Following the sale, the director now directly owns 60,892 shares in the company, valued at approximately $7,648,035.20. The trade was a 9.65 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Michael P. Donaldson sold 11,037 shares of the 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 transaction, the executive vice president now directly owns 74,250 shares of the company’s stock, valued at $9,615,375. This trade represents a 12.94 % decrease in their position. The disclosure for this sale can be found here. 0.30% of the stock is owned by corporate insiders.

EOG Resources Stock Performance

Shares of NYSE EOG opened at $134.56 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. EOG Resources, Inc. has a 1 year low of $108.94 and a 1 year high of $139.67. The firm has a fifty day moving average price of $126.25 and a 200-day moving average price of $126.03. The stock has a market cap of $75.68 billion, a PE ratio of 10.84, a price-to-earnings-growth ratio of 3.56 and a beta of 1.28.

EOG Resources declared that its board has approved a share repurchase plan on Thursday, November 7th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the energy exploration company to purchase up to 7% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

EOG Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be paid a $0.975 dividend. This is a positive change from EOG Resources’s previous quarterly dividend of $0.91. The ex-dividend date is Friday, January 17th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 2.90%. EOG Resources’s dividend payout ratio is 29.31%.

Analyst Ratings Changes

A number of analysts have recently issued reports on EOG shares. Scotiabank dropped their price target on shares of EOG Resources from $150.00 to $140.00 and set a “sector perform” rating on the stock in a report on Thursday, October 10th. Barclays dropped their target price on shares of EOG Resources from $144.00 to $137.00 and set an “equal weight” rating on the stock in a report on Thursday, October 3rd. Wells Fargo & Company decreased their target price on shares of EOG Resources from $140.00 to $135.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 1st. Royal Bank of Canada restated a “sector perform” rating and issued a $145.00 price target on shares of EOG Resources in a research note on Monday, October 14th. Finally, StockNews.com cut EOG Resources from a “buy” rating to a “hold” rating in a research report on Saturday. 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 company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $142.20.

EOG Resources Company 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.