Perryman Financial Advisory Inc. AD acquired a new stake in EOG Resources, Inc. (NYSE:EOG – Free Report) during the fourth quarter, Holdings Channel.com reports. The fund acquired 43,644 shares of the energy exploration company’s stock, valued at approximately $4,583,000.
A number of other hedge funds have also added to or reduced their stakes in the company. Bollard Group LLC increased its stake 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 acquiring an additional 93 shares during the last quarter. Hardy Reed LLC increased its stake 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 acquiring an additional 97 shares during the last quarter. RKL Wealth Management LLC grew its stake in shares of EOG Resources by 0.5% during the third quarter. RKL Wealth Management LLC now owns 21,235 shares of the energy exploration company’s stock worth $2,381,000 after buying an additional 98 shares during the last quarter. CoreFirst Bank & Trust grew its stake in shares of EOG Resources by 18.5% during the third quarter. CoreFirst Bank & Trust now owns 640 shares of the energy exploration company’s stock worth $72,000 after buying an additional 100 shares during the last quarter. Finally, Ethos Financial Group LLC grew its stake in shares of EOG Resources by 2.5% during the fourth quarter. Ethos Financial Group LLC now owns 4,180 shares of the energy exploration company’s stock worth $439,000 after buying an additional 100 shares during the last quarter. 89.91% of the stock is owned by institutional investors.
EOG Resources Stock Performance
NYSE EOG opened at $136.42 on Monday. The stock has a market cap of $72.66 billion, a PE ratio of 13.43 and a beta of 0.25. The firm’s fifty day moving average price is $137.04 and its two-hundred day moving average price is $123.99. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.53 and a current ratio of 1.72. EOG Resources, Inc. has a fifty-two week low of $101.59 and a fifty-two week high of $151.87.
EOG Resources Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Friday, July 17th. This represents a $4.08 annualized dividend and a dividend yield of 3.0%. EOG Resources’s payout ratio is currently 40.16%.
Insider Buying and Selling at EOG Resources
In related news, CFO Ann D. Janssen sold 4,161 shares of the business’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $140.04, for a total value of $582,706.44. Following the sale, the chief financial officer owned 100,246 shares of the company’s stock, valued at $14,038,449.84. The trade was a 3.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Jeffrey R. Leitzell sold 5,698 shares of the business’s stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total transaction of $856,523.36. Following the completion of the sale, the chief operating officer directly owned 88,045 shares in the company, valued at approximately $13,234,924.40. This represents a 6.08% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.14% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on EOG. Piper Sandler boosted their target price on shares of EOG Resources from $144.00 to $147.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 1st. Sanford C. Bernstein decreased their target price on shares of EOG Resources from $167.00 to $155.00 and set a “market perform” rating on the stock in a research note on Wednesday, May 20th. Roth Mkm reaffirmed a “neutral” rating and set a $136.00 target price on shares of EOG Resources in a research note on Wednesday, May 6th. Mizuho set a $157.00 target price on shares of EOG Resources and gave the stock a “neutral” rating in a research note on Wednesday, May 27th. Finally, Scotiabank boosted their target price on shares of EOG Resources from $123.00 to $139.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and sixteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, EOG Resources has a consensus rating of “Moderate Buy” and an average price target of $156.32.
Read Our Latest Research Report on EOG
EOG Resources 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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