Focus Partners Wealth Buys 240,532 Shares of EOG Resources, Inc. (NYSE:EOG)

Focus Partners Wealth grew its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 199.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 361,339 shares of the energy exploration company’s stock after buying an additional 240,532 shares during the period. Focus Partners Wealth’s holdings in EOG Resources were worth $44,306,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Financial Life Planners bought a new position in EOG Resources during the 4th quarter worth approximately $25,000. Y.D. More Investments Ltd raised its holdings in EOG Resources by 149.4% in the fourth quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock worth $25,000 after purchasing an additional 121 shares during the period. Mainstream Capital Management LLC bought a new position in shares of EOG Resources during the fourth quarter worth $25,000. Decker Retirement Planning Inc. acquired a new position in shares of EOG Resources in the 4th quarter valued at $27,000. Finally, Keystone Financial Group Inc. bought a new stake in shares of EOG Resources in the 4th quarter valued at $27,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Stock Performance

Shares of EOG stock opened at $111.13 on Friday. The stock has a market cap of $60.65 billion, a P/E ratio of 8.95, a P/E/G ratio of 3.58 and a beta of 0.78. The company has a fifty day moving average price of $116.68 and a two-hundred day moving average price of $124.53. EOG Resources, Inc. has a one year low of $102.52 and a one year high of $138.18. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Thursday, May 1st. The energy exploration company reported $2.87 EPS for the quarter, topping analysts’ consensus estimates of $2.75 by $0.12. The business had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.92 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. EOG Resources’s quarterly revenue was down 7.4% on a year-over-year basis. During the same quarter last year, the company posted $2.82 earnings per share. As a group, equities analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 17th will be given a $0.975 dividend. This represents a $3.90 annualized dividend and a dividend yield of 3.51%. The ex-dividend date of this dividend is Thursday, July 17th. EOG Resources’s payout ratio is presently 36.18%.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the company’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total value of $515,767.12. Following the transaction, the chief operating officer now directly owns 47,732 shares of the company’s stock, valued at $6,098,240.32. This represents a 7.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have weighed in on EOG shares. Morgan Stanley reduced their target price on EOG Resources from $142.00 to $136.00 and set an “equal weight” rating on the stock in a report on Thursday, March 27th. Truist Financial boosted their price objective on EOG Resources from $135.00 to $137.00 and gave the company a “hold” rating in a research report on Monday, January 13th. KeyCorp dropped their target price on shares of EOG Resources from $150.00 to $140.00 and set an “overweight” rating on the stock in a report on Monday, April 21st. UBS Group reduced their price target on shares of EOG Resources from $165.00 to $160.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. Finally, Bank of America restated a “neutral” rating and set a $144.00 price objective (down from $151.00) on shares of EOG Resources in a report on Monday, January 13th. Eleven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, EOG Resources presently has an average rating of “Moderate Buy” and a consensus target price of $140.95.

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.