8,529 Shares in EOG Resources, Inc. $EOG Bought by Biltmore Family Office LLC

Biltmore Family Office LLC bought a new position in shares of EOG Resources, Inc. (NYSE:EOG) in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 8,529 shares of the energy exploration company’s stock, valued at approximately $956,000.

A number of other institutional investors also recently modified their holdings of EOG. First Trust Advisors LP boosted its position in shares of EOG Resources by 64.1% during the second quarter. First Trust Advisors LP now owns 3,728,128 shares of the energy exploration company’s stock worth $445,921,000 after buying an additional 1,456,928 shares during the period. Prudential Financial Inc. raised its position in EOG Resources by 282.3% in the 2nd quarter. Prudential Financial Inc. now owns 1,546,058 shares of the energy exploration company’s stock valued at $184,924,000 after buying an additional 1,141,680 shares during the last quarter. Jupiter Asset Management Ltd. lifted its stake in EOG Resources by 122.6% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 907,231 shares of the energy exploration company’s stock valued at $108,514,000 after acquiring an additional 499,610 shares in the last quarter. Invesco Ltd. boosted its position in EOG Resources by 7.0% during the 2nd quarter. Invesco Ltd. now owns 4,494,503 shares of the energy exploration company’s stock worth $537,588,000 after acquiring an additional 294,641 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in EOG Resources during the 2nd quarter worth approximately $33,874,000. 89.91% of the stock is currently owned by institutional investors.

Insider Buying and Selling at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $105.68, for a total transaction of $211,360.00. Following the transaction, the chief operating officer directly owned 54,979 shares of the company’s stock, valued at approximately $5,810,180.72. The trade was a 3.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on EOG shares. Capital One Financial lowered their price objective on shares of EOG Resources from $131.00 to $130.00 and set an “overweight” rating on the stock in a report on Thursday, January 8th. Evercore ISI raised their target price on shares of EOG Resources from $141.00 to $149.00 and gave the company an “outperform” rating in a research report on Monday, October 6th. The Goldman Sachs Group lowered their price target on shares of EOG Resources from $125.00 to $123.00 and set a “neutral” rating on the stock in a research note on Thursday. Scotiabank set a $123.00 price target on shares of EOG Resources and gave the stock a “sector perform” rating in a research report on Friday, January 16th. Finally, Raymond James Financial restated a “strong-buy” rating and set a $153.00 price objective on shares of EOG Resources in a research note on Wednesday, December 3rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, sixteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, EOG Resources has an average rating of “Hold” and a consensus target price of $134.67.

EOG Resources Stock Up 1.8%

EOG Resources stock opened at $108.26 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.62 and a quick ratio of 1.43. The company’s 50-day moving average is $106.68 and its 200-day moving average is $112.15. The firm has a market capitalization of $58.74 billion, a PE ratio of 10.78, a P/E/G ratio of 9.00 and a beta of 0.49. EOG Resources, Inc. has a fifty-two week low of $101.59 and a fifty-two week high of $135.87.

EOG Resources (NYSE:EOG) last issued its earnings results on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.42 by $0.29. EOG Resources had a net margin of 24.49% and a return on equity of 19.80%. The business had revenue of $5.85 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same period last year, the business posted $2.89 EPS. EOG Resources’s revenue was down 2.0% on a year-over-year basis. Sell-side analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 16th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Friday, January 16th. EOG Resources’s payout ratio is currently 40.64%.

About EOG Resources

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.