GW Henssler & Associates Ltd. Increases Stock Position in EOG Resources, Inc. (NYSE:EOG)

GW Henssler & Associates Ltd. increased its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 2.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 73,671 shares of the energy exploration company’s stock after purchasing an additional 1,897 shares during the period. GW Henssler & Associates Ltd.’s holdings in EOG Resources were worth $9,056,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Northwest Investment Counselors LLC bought a new position in shares of EOG Resources during the 3rd quarter valued at $26,000. Riverview Trust Co bought a new position in EOG Resources in the second quarter valued at about $27,000. MFA Wealth Advisors LLC purchased a new position in EOG Resources in the second quarter worth about $28,000. Eastern Bank bought a new stake in shares of EOG Resources during the 3rd quarter valued at about $28,000. Finally, Gladius Capital Management LP purchased a new stake in shares of EOG Resources during the 2nd quarter valued at about $30,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Trading Down 1.0 %

Shares of EOG Resources stock traded down $1.28 during trading on Tuesday, hitting $120.79. The stock had a trading volume of 274,941 shares, compared to its average volume of 3,138,024. The firm’s fifty day simple moving average is $125.83 and its 200-day simple moving average is $126.55. The stock has a market cap of $69.42 billion, a PE ratio of 9.64, a PEG ratio of 3.26 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.

EOG Resources (NYSE:EOG) last released its 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. The firm had revenue of $6.03 billion during the quarter, compared to analyst estimates of $6.07 billion. EOG Resources had a net margin of 30.33% and a return on equity of 25.42%. The business’s revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the business earned $2.49 EPS. As a group, sell-side analysts expect that EOG Resources, Inc. will post 11.71 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently announced 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 annualized dividend and a dividend yield of 3.01%. EOG Resources’s dividend payout ratio (DPR) is presently 28.75%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. cut their target price on shares of EOG Resources from $143.00 to $135.00 and set a “neutral” rating for the company in a research report on Thursday, September 12th. Scotiabank cut their price objective on shares of 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. Morgan Stanley decreased their target price on EOG Resources from $134.00 to $132.00 and set an “equal weight” rating on the stock in a report on Monday, September 16th. Sanford C. Bernstein cut their price target on EOG Resources from $139.00 to $125.00 and set a “market perform” rating for the company in a report on Wednesday, July 17th. Finally, Susquehanna decreased their price objective on EOG Resources from $159.00 to $158.00 and set a “positive” rating on the stock in a research note on Wednesday, September 4th. Fourteen research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, EOG Resources has an average rating of “Hold” and a consensus target price of $141.20.

Insider Activity at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction dated 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 owns 35,058 shares in the company, valued at $4,434,135.84. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other EOG Resources news, EVP Michael P. Donaldson sold 11,037 shares of the firm’s 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 owns 74,250 shares of the company’s stock, valued at approximately $9,615,375. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s stock in a transaction dated 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 directly owns 35,058 shares in the company, valued at $4,434,135.84. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,537 shares of company stock worth $2,751,612 in the last 90 days. 0.30% of the stock is owned by corporate insiders.

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.