Middleton & Co. Inc. MA Sells 430 Shares of EOG Resources, Inc. (NYSE:EOG)

Middleton & Co. Inc. MA decreased its holdings in EOG Resources, Inc. (NYSE:EOG) by 2.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,228 shares of the energy exploration company’s stock after selling 430 shares during the quarter. Middleton & Co. Inc. MA’s holdings in EOG Resources were worth $1,872,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Northwest Investment Counselors LLC acquired a new stake in shares of EOG Resources during the 3rd quarter worth about $26,000. Riverview Trust Co bought a new position in shares of EOG Resources in the 2nd quarter valued at about $27,000. MFA Wealth Advisors LLC bought a new position in shares of EOG Resources in the 2nd quarter valued at about $28,000. Eastern Bank bought a new position in shares of EOG Resources in the 3rd quarter valued at about $28,000. Finally, Gladius Capital Management LP bought a new position in shares of EOG Resources in the 2nd quarter valued at about $30,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Price Performance

Shares of EOG Resources stock opened at $123.17 on Friday. The company has a 50-day simple moving average of $126.05 and a two-hundred day simple moving average of $126.90. EOG Resources, Inc. has a twelve month low of $108.94 and a twelve month high of $139.67. The stock has a market capitalization of $70.79 billion, a price-to-earnings ratio of 9.73, a price-to-earnings-growth ratio of 3.38 and a beta of 1.28. The company has a quick ratio of 1.89, a current ratio of 2.12 and a debt-to-equity ratio of 0.11.

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, topping analysts’ consensus estimates 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 quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.49 earnings per share. Analysts forecast that EOG Resources, Inc. will post 11.83 EPS for the current year.

EOG Resources Dividend Announcement

The business 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 dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 2.96%. The ex-dividend date is Thursday, October 17th. EOG Resources’s dividend payout ratio (DPR) is currently 28.75%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on EOG shares. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $145.00 target price on shares of EOG Resources in a research note on Monday, October 14th. Truist Financial reduced their price objective on shares of EOG Resources from $130.00 to $115.00 and set a “hold” rating on the stock in a research note on Monday, September 30th. UBS Group reduced their price objective on shares of EOG Resources from $167.00 to $154.00 and set a “buy” rating on the stock in a research note on Wednesday, September 18th. Susquehanna cut 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 note on Wednesday, September 4th. Finally, Evercore ISI lowered their price objective on shares of EOG Resources from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Monday, September 30th. Fourteen investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $141.20.

Insider Transactions at EOG Resources

In related news, EVP Michael P. Donaldson sold 11,037 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the completion of the sale, the executive vice president now directly owns 74,250 shares in the company, valued at $9,615,375. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP Michael P. Donaldson sold 11,037 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the completion of the sale, the executive vice president now directly owns 74,250 shares in the company, valued at $9,615,375. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Charles R. Crisp sold 6,500 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total value of $816,400.00. Following the sale, the director now owns 60,892 shares of the company’s stock, valued at approximately $7,648,035.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,537 shares of company stock valued at $2,751,612. 0.30% of the stock is owned by corporate insiders.

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.