Core Wealth Advisors LLC bought a new stake in EOG Resources, Inc. (NYSE:EOG – Free Report) during the fourth quarter, Holdings Channel.com reports. The firm bought 4,619 shares of the energy exploration company’s stock, valued at approximately $485,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Bollard Group LLC raised its position in EOG Resources by 0.8% in the third quarter. Bollard Group LLC now owns 11,747 shares of the energy exploration company’s stock valued at $1,317,000 after purchasing an additional 93 shares during the period. Hardy Reed LLC raised its position in EOG Resources by 4.5% in the third quarter. Hardy Reed LLC now owns 2,267 shares of the energy exploration company’s stock valued at $254,000 after purchasing an additional 97 shares during the period. RKL Wealth Management LLC raised its position in EOG Resources by 0.5% in the third quarter. RKL Wealth Management LLC now owns 21,235 shares of the energy exploration company’s stock valued at $2,381,000 after purchasing an additional 98 shares during the period. CoreFirst Bank & Trust raised its position in EOG Resources by 18.5% in the third quarter. CoreFirst Bank & Trust now owns 640 shares of the energy exploration company’s stock valued at $72,000 after purchasing an additional 100 shares during the period. Finally, Ethos Financial Group LLC raised its position in EOG Resources by 2.5% in the fourth quarter. Ethos Financial Group LLC now owns 4,180 shares of the energy exploration company’s stock valued at $439,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 89.91% of the company’s stock.
Wall Street Analysts Forecast Growth
EOG has been the topic of a number of research analyst reports. Mizuho set a $157.00 target price on EOG Resources and gave the company a “neutral” rating in a research report on Wednesday. Wall Street Zen upgraded EOG Resources from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Royal Bank Of Canada lifted their target price on EOG Resources from $138.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, April 8th. Barclays lifted their target price on EOG Resources from $140.00 to $153.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 26th. Finally, Sanford C. Bernstein cut their price objective on EOG Resources from $167.00 to $155.00 and set a “market perform” rating on the stock in a report on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and sixteen have assigned a Hold rating to the company. Based on data from MarketBeat, EOG Resources currently has an average rating of “Moderate Buy” and a consensus price target of $156.39.
Insider Activity
In other EOG Resources news, CFO Ann D. Janssen sold 4,161 shares of the company’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $140.04, for a total transaction of $582,706.44. Following the sale, the chief financial officer owned 100,246 shares in the company, valued at $14,038,449.84. This represents a 3.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Jeffrey R. Leitzell sold 5,698 shares of the company’s stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total value of $856,523.36. Following the sale, the chief operating officer owned 88,045 shares in the company, valued at approximately $13,234,924.40. This trade represents a 6.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 16,230 shares of company stock worth $2,272,568. 0.14% of the stock is owned by company insiders.
EOG Resources Price Performance
Shares of NYSE EOG opened at $133.55 on Friday. The stock’s 50-day moving average is $138.01 and its two-hundred day moving average is $121.76. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.72 and a quick ratio of 1.53. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $151.87. The company has a market cap of $71.13 billion, a price-to-earnings ratio of 13.14 and a beta of 0.27.
EOG Resources (NYSE:EOG – Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share for the quarter, topping the consensus estimate of $3.23 by $0.18. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The company had revenue of $6.92 billion for the quarter, compared to the consensus estimate of $6.18 billion. During the same quarter in the prior year, the business earned $2.87 EPS. EOG Resources’s revenue was up 22.1% on a year-over-year basis. Analysts forecast that EOG Resources, Inc. will post 15.67 EPS for the current fiscal year.
EOG Resources Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be issued a dividend of $1.02 per share. The ex-dividend date is Friday, July 17th. This represents a $4.08 annualized dividend and a yield of 3.1%. EOG Resources’s dividend payout ratio is 40.16%.
EOG Resources Company Profile
EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).
As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.
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