Founders Financial Securities LLC Has $967,000 Holdings in EOG Resources, Inc. (NYSE:EOG)

Founders Financial Securities LLC decreased its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 1.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,679 shares of the energy exploration company’s stock after selling 115 shares during the quarter. Founders Financial Securities LLC’s holdings in EOG Resources were worth $967,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in EOG. Aveo Capital Partners LLC increased its position in shares of EOG Resources by 4.8% in the fourth quarter. Aveo Capital Partners LLC now owns 2,194 shares of the energy exploration company’s stock valued at $265,000 after acquiring an additional 101 shares during the last quarter. Merit Financial Group LLC raised its stake in shares of EOG Resources by 11.4% during the 4th quarter. Merit Financial Group LLC now owns 4,795 shares of the energy exploration company’s stock worth $580,000 after purchasing an additional 492 shares in the last quarter. Spire Wealth Management boosted its holdings in shares of EOG Resources by 5.9% in the 4th quarter. Spire Wealth Management now owns 7,368 shares of the energy exploration company’s stock valued at $812,000 after buying an additional 411 shares during the last quarter. Private Advisor Group LLC grew its stake in shares of EOG Resources by 2.3% in the fourth quarter. Private Advisor Group LLC now owns 14,840 shares of the energy exploration company’s stock valued at $1,795,000 after buying an additional 336 shares in the last quarter. Finally, Lincoln National Corp increased its holdings in EOG Resources by 15.3% during the fourth quarter. Lincoln National Corp now owns 7,073 shares of the energy exploration company’s stock worth $855,000 after buying an additional 939 shares during the last quarter. Institutional investors own 89.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on EOG shares. Bank of America reissued a “buy” rating and issued a $151.00 price objective on shares of EOG Resources in a research report on Friday, June 14th. Truist Financial reduced their price target on EOG Resources from $136.00 to $130.00 and set a “hold” rating for the company in a report on Monday, July 22nd. StockNews.com upgraded EOG Resources from a “hold” rating to a “buy” rating in a research note on Monday, August 5th. Piper Sandler cut their price objective on EOG Resources from $154.00 to $147.00 and set an “overweight” rating for the company in a research report on Thursday, August 15th. Finally, Scotiabank decreased their target price on EOG Resources from $155.00 to $150.00 and set a “sector perform” rating on the stock in a report on Friday, July 12th. Thirteen analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $143.95.

EOG Resources Stock Down 0.7 %

Shares of EOG opened at $122.78 on Thursday. The company has a current ratio of 2.12, a quick ratio of 1.89 and a debt-to-equity ratio of 0.11. EOG Resources, Inc. has a 12 month low of $108.94 and a 12 month high of $139.67. The firm’s 50 day moving average is $126.84 and its 200-day moving average is $125.98. The stock has a market capitalization of $70.56 billion, a PE ratio of 9.70, a P/E/G ratio of 3.22 and a beta of 1.30.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Thursday, August 1st. The energy exploration company reported $3.16 EPS for the quarter, topping analysts’ consensus estimates of $2.98 by $0.18. The firm had revenue of $6.03 billion for the quarter, compared to analyst estimates of $6.07 billion. EOG Resources had a return on equity of 25.42% and a net margin of 30.33%. The company’s revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the company earned $2.49 EPS. Equities research analysts forecast that EOG Resources, Inc. will post 12.2 EPS for the current year.

EOG Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 17th will be given a dividend of $0.91 per share. The ex-dividend date is Thursday, October 17th. This represents a $3.64 annualized dividend and a yield of 2.96%. EOG Resources’s dividend payout ratio is 28.75%.

Insiders Place Their Bets

In other news, 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 value of $505,920.00. Following the completion of the transaction, the chief operating officer now directly owns 35,058 shares in the company, valued at approximately $4,434,135.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $126.48, for a total value 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Michael P. Donaldson sold 11,037 shares of the business’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $129.50, for a total value 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 approximately $9,615,375. The disclosure for this sale can be found here. Insiders have sold 21,537 shares of company stock worth $2,751,612 over the last ninety days. Corporate insiders own 0.30% of the company’s stock.

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.