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

Searle & CO. cut its position in EOG Resources, Inc. (NYSE:EOG) by 3.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,600 shares of the energy exploration company’s stock after selling 199 shares during the period. Searle & CO.’s holdings in EOG Resources were worth $688,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Greenleaf Trust boosted its position in 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 buying an additional 1,039 shares in the last quarter. Commerzbank Aktiengesellschaft FI boosted its position in 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 buying an additional 924 shares in the last quarter. Bank Pictet & Cie Europe AG boosted its position in 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 buying an additional 44,377 shares in the last quarter. Weaver Capital Management LLC boosted its position in 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 buying an additional 2,432 shares in the last quarter. Finally, Segment Wealth Management LLC boosted its position in 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 buying an additional 1,848 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related 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 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. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction dated 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 $4,434,135.84. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Charles R. Crisp sold 6,500 shares of EOG Resources stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total value of $816,400.00. Following the completion of the sale, the director now directly owns 60,892 shares in the company, valued at $7,648,035.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,537 shares of company stock valued at $2,751,612. 0.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on EOG. Susquehanna reduced their price target on shares of EOG Resources from $159.00 to $158.00 and set a “positive” rating on the stock in a research report on Wednesday, September 4th. UBS Group dropped their price objective on shares of EOG Resources from $167.00 to $154.00 and set a “buy” rating for the company in a research report on Wednesday, September 18th. Piper Sandler reduced their price objective on EOG Resources from $154.00 to $147.00 and set an “overweight” rating on the stock in a report on Thursday, August 15th. Morgan Stanley decreased their price objective on EOG Resources from $134.00 to $132.00 and set an “equal weight” rating on the stock in a research report on Monday, September 16th. Finally, Evercore ISI decreased their price objective on EOG Resources from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Monday, September 30th. Fourteen investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $141.20.

EOG Resources Trading Down 1.0 %

Shares of NYSE:EOG traded down $1.31 during midday 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 stock has a market cap of $71.13 billion, a price-to-earnings ratio of 9.88, a PEG ratio of 3.38 and a beta of 1.28. EOG Resources, Inc. has a 12 month low of $108.94 and a 12 month high of $139.67. The company has a current ratio of 2.12, a quick ratio of 1.89 and a debt-to-equity ratio of 0.11. The firm has a fifty day simple moving average of $126.16 and a 200 day simple moving average of $126.93.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, August 1st. The energy exploration company reported $3.16 EPS for the quarter, topping the consensus estimate of $2.98 by $0.18. The business had revenue of $6.03 billion for the quarter, compared to the consensus estimate 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 was up 8.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.49 EPS. On average, analysts predict that EOG Resources, Inc. will post 11.83 EPS for the current year.

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 17th will be paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 2.94%. The ex-dividend date of this dividend is Thursday, October 17th. EOG Resources’s payout ratio is presently 28.75%.

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.