Mount Yale Investment Advisors LLC Sells 182 Shares of EOG Resources, Inc. (NYSE:EOG)

Mount Yale Investment Advisors LLC lessened its position in EOG Resources, Inc. (NYSE:EOG) by 3.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,694 shares of the energy exploration company’s stock after selling 182 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in EOG Resources were worth $700,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in EOG. UniSuper Management Pty Ltd raised its position in EOG Resources by 228.4% in the 1st 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 during the period. Bryn Mawr Capital Management LLC bought a new position in shares of EOG Resources during the first quarter valued at approximately $1,217,000. 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 valued at $46,192,000 after buying an additional 138,869 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of EOG Resources by 0.7% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,491,898 shares of the energy exploration company’s stock worth $190,724,000 after acquiring an additional 9,894 shares during the last quarter. Finally, University of Texas Texas AM Investment Management Co. boosted its holdings in EOG Resources by 3,976.8% during the 2nd quarter. University of Texas Texas AM Investment Management Co. now owns 10,885 shares of the energy exploration company’s stock valued at $1,370,000 after acquiring an additional 10,618 shares during the period. Institutional investors own 89.91% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on EOG. Piper Sandler reduced their target price on EOG Resources from $154.00 to $147.00 and set an “overweight” rating on the stock in a research note on Thursday, August 15th. Wells Fargo & Company decreased their price objective 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. Barclays lowered their price objective on shares of EOG Resources from $144.00 to $137.00 and set an “equal weight” rating for the company in a research report on Thursday, October 3rd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $145.00 target price on shares of EOG Resources in a research report on Monday, October 14th. Finally, Susquehanna lowered their price target on EOG Resources from $159.00 to $158.00 and set a “positive” rating for the company in a report on Wednesday, September 4th. Fourteen research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, EOG Resources has a consensus rating of “Hold” and a consensus price target of $141.20.

Insider Activity at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction that occurred 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 transaction, the chief operating officer now owns 35,058 shares in the company, valued at approximately $4,434,135.84. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Charles R. Crisp sold 6,500 shares of the stock in a transaction that occurred 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 transaction, the director now owns 60,892 shares in the company, valued at approximately $7,648,035.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction that occurred 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 sale, the chief operating officer now owns 35,058 shares of the company’s stock, valued at approximately $4,434,135.84. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,537 shares of company stock valued at $2,751,612 in the last three months. 0.30% of the stock is owned by insiders.

EOG Resources Price Performance

Shares of EOG opened at $123.17 on Friday. The company has a 50 day moving average of $125.95 and a two-hundred day moving average of $126.81. The company has a quick ratio of 1.89, a current ratio of 2.12 and a debt-to-equity ratio of 0.11. EOG Resources, Inc. has a twelve month low of $108.94 and a twelve month high of $139.67. The company has a market cap of $70.03 billion, a price-to-earnings ratio of 9.51, a price-to-earnings-growth ratio of 3.26 and a beta of 1.28.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share for the quarter, topping analysts’ consensus estimates of $2.98 by $0.18. EOG Resources had a return on equity of 25.42% and a net margin of 30.33%. The firm had revenue of $6.03 billion during the quarter, compared to analysts’ expectations of $6.07 billion. During the same quarter last year, the firm earned $2.49 EPS. The business’s quarterly revenue was up 8.1% on a year-over-year basis. As a group, analysts predict that EOG Resources, Inc. will post 11.71 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The business 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 (DPR) is currently 28.11%.

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.