Several institutional investors have modified their stakes in EOG Resources. Riverview Trust Co, MFA Wealth Advisors LLC, Gladius Capital Management LP, and Triad Wealth Partners LLC each acquired new positions valued between $27,000 and $35,000 in Q2. Norwood Financial Corp invested around $37,000 in Q1. Institutional investors own 89.91% of the company’s stock.
Analyst Upgrades and Downgrades
Various research firms have updated their ratings for EOG Resources. Morgan Stanley cut its target price from $134.00 to $132.00. Wells Fargo lowered its target from $140.00 to $135.00. StockNews.com downgraded the company from “buy” to “hold.” Other firms have similarly reduced their price objectives, with a consensus rating of “hold” and a target of $141.20 according to MarketBeat.com.
EOG Resources Stock Performance
EOG opened at $126.62, with a market cap of $72.77 billion. The stock has a 50-day average of $126.24 and a 200-day average of $127.06. Its PE ratio is 10.00, and it has a 52-week range of $108.94 to $139.67. EOG’s recent quarterly earnings beat expectations with $3.16 EPS and revenue of $6.03 billion.
EOG Resources Announces Dividend
EOG has announced a quarterly dividend of $0.91, due on October 31. Shareholders of record on October 17 will receive this payout, reflecting a 2.87% yield.
Insider Buying and Selling at EOG Resources
Recently, EVP Michael P. Donaldson sold 11,037 shares at $129.50, totaling $1.43 million. COO Jeffrey R. Leitzell also sold 4,000 shares at $126.48. Over the last 90 days, insiders have sold shares worth approximately $2.75 million. Insiders own 0.30% of the company.
EOG Resources Profile
EOG Resources, Inc. focuses on exploring, developing, and marketing crude oil and natural gas across the U.S. and internationally. It was previously known as Enron Oil & Gas Company.
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