Searle & CO. Has $688,000 Stock Position in EOG Resources, Inc. (NYSE:EOG)

Searle & CO. lowered its stake in EOG Resources, Inc. (NYSE:EOG) by 3.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,600 shares of the energy exploration company’s stock after selling 199 shares during the quarter. Searle & CO.’s holdings in EOG Resources were worth $688,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Greenleaf Trust increased its position in shares of EOG Resources by 9.5% in the third quarter. Greenleaf Trust now owns 11,959 shares of the energy exploration company’s stock valued at $1,470,000 after acquiring an additional 1,039 shares during the last quarter. Commerzbank Aktiengesellschaft FI increased its position in shares of EOG Resources by 43.8% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 3,035 shares of the energy exploration company’s stock valued at $374,000 after acquiring an additional 924 shares during the last quarter. Bank Pictet & Cie Europe AG increased its position in shares of EOG Resources by 38.8% in the third quarter. Bank Pictet & Cie Europe AG now owns 158,878 shares of the energy exploration company’s stock valued at $19,531,000 after acquiring an additional 44,377 shares during the last quarter. Weaver Capital Management LLC increased its position in shares of EOG Resources by 38.3% in the third quarter. Weaver Capital Management LLC now owns 8,786 shares of the energy exploration company’s stock valued at $1,080,000 after acquiring an additional 2,432 shares during the last quarter. Finally, Segment Wealth Management LLC increased its position in shares of EOG Resources by 1.6% in the third quarter. Segment Wealth Management LLC now owns 116,874 shares of the energy exploration company’s stock valued at $14,367,000 after acquiring an additional 1,848 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Wall Street Analyst Weigh In

EOG has been the subject of a number of research analyst reports. UBS Group reduced their price target on EOG Resources from $167.00 to $154.00 and set a “buy” rating for the company in a report on Wednesday, September 18th. Piper Sandler reduced their price target on EOG Resources from $154.00 to $147.00 and set an “overweight” rating for the company in a report on Thursday, August 15th. JPMorgan Chase & Co. reduced their price target on EOG Resources from $143.00 to $135.00 and set a “neutral” rating for the company in a report on Thursday, September 12th. Truist Financial reduced their price target on EOG Resources from $130.00 to $115.00 and set a “hold” rating for the company in a report on Monday, September 30th. Finally, Barclays reduced their price target on EOG Resources from $144.00 to $137.00 and set an “equal weight” rating for the company in a report on Thursday, October 3rd. Fourteen 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. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $141.20.

EOG Resources Price Performance

Shares of EOG stock traded down $1.31 during trading on Wednesday, hitting $123.76. The company had a trading volume of 375,013 shares, compared to its average volume of 3,155,798. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.89 and a current ratio of 2.12. The firm has a market capitalization of $71.13 billion, a P/E ratio of 9.88, a price-to-earnings-growth ratio of 3.38 and a beta of 1.28. The stock’s 50-day moving average price is $126.16 and its 200 day moving average price is $126.93. EOG Resources, Inc. has a one year low of $108.94 and a one year high of $139.67.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.98 by $0.18. The business had revenue of $6.03 billion during the quarter, compared to analysts’ expectations of $6.07 billion. EOG Resources had a return on equity of 25.42% and a net margin of 30.33%. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.49 earnings per share. Equities analysts expect that EOG Resources, Inc. will post 11.83 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 17th will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 2.94%. The ex-dividend date is Thursday, October 17th. EOG Resources’s dividend payout ratio (DPR) is currently 28.75%.

Insider Activity at EOG Resources

In other EOG Resources news, Director Charles R. Crisp sold 6,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total transaction of $816,400.00. Following the completion of the transaction, the director now directly owns 60,892 shares in the company, valued at $7,648,035.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other EOG Resources news, Director Charles R. Crisp sold 6,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total transaction of $816,400.00. Following the completion of the transaction, the director now directly owns 60,892 shares in the company, valued at $7,648,035.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the business’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 of the company’s stock, valued at approximately $4,434,135.84. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,537 shares of company stock worth $2,751,612. Company insiders own 0.30% of the company’s stock.

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.