Intellectus Partners LLC increased its holdings in EOG Resources, Inc. (NYSE:EOG – Free Report) by 57.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 9,902 shares of the energy exploration company’s stock after acquiring an additional 3,623 shares during the quarter. Intellectus Partners LLC’s holdings in EOG Resources were worth $1,040,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Olistico Wealth LLC purchased a new position in shares of EOG Resources in the fourth quarter valued at about $33,000. Physician Wealth Advisors Inc. increased its position in shares of EOG Resources by 103.0% in the fourth quarter. Physician Wealth Advisors Inc. now owns 335 shares of the energy exploration company’s stock valued at $35,000 after acquiring an additional 170 shares during the period. Laurel Wealth Advisors LLC purchased a new position in shares of EOG Resources in the fourth quarter valued at about $38,000. City Holding Co. increased its position in shares of EOG Resources by 469.2% in the fourth quarter. City Holding Co. now owns 370 shares of the energy exploration company’s stock valued at $39,000 after acquiring an additional 305 shares during the period. Finally, Osterweis Capital Management Inc. increased its position in shares of EOG Resources by 3,790.0% in the second quarter. Osterweis Capital Management Inc. now owns 389 shares of the energy exploration company’s stock valued at $47,000 after acquiring an additional 379 shares during the period. Hedge funds and other institutional investors own 89.91% of the company’s stock.
Insider Transactions at EOG Resources
In other news, COO Jeffrey R. Leitzell sold 5,698 shares of EOG Resources stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total transaction of $856,523.36. Following the sale, the chief operating officer owned 88,045 shares of the company’s stock, valued at approximately $13,234,924.40. The trade was a 6.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Ann D. Janssen sold 4,161 shares of EOG Resources stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $140.04, for a total transaction of $582,706.44. Following the sale, the chief financial officer directly owned 100,246 shares in the company, valued at $14,038,449.84. The trade was a 3.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 12,456 shares of company stock worth $1,788,033 in the last ninety days. Insiders own 0.14% of the company’s stock.
EOG Resources Trading Down 0.5%
EOG Resources (NYSE:EOG – Get Free Report) last announced its earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share for the quarter, beating analysts’ consensus estimates of $3.23 by $0.18. The firm had revenue of $6.92 billion for the quarter, compared to analyst estimates of $6.18 billion. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The company’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.87 EPS. Sell-side analysts anticipate that EOG Resources, Inc. will post 15.67 EPS for the current year.
EOG Resources Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be paid a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, July 17th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.9%. EOG Resources’s payout ratio is presently 40.16%.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on EOG. Wall Street Zen upgraded shares of EOG Resources from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Scotiabank boosted their price objective on shares of EOG Resources from $123.00 to $139.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 22nd. Weiss Ratings upgraded shares of EOG Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, May 13th. Barclays boosted their price objective on shares of 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, Wolfe Research boosted their price objective on shares of EOG Resources from $152.00 to $154.00 and gave the company an “outperform” rating in a research report on Monday, April 6th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and sixteen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, EOG Resources presently has a consensus rating of “Moderate Buy” and an average target price of $156.32.
View Our Latest Analysis on EOG
About EOG Resources
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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