1900 Wealth Management LLC Acquires 216 Shares of EOG Resources, Inc. (NYSE:EOG)

1900 Wealth Management LLC increased its position in EOG Resources, Inc. (NYSE:EOG) by 11.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,026 shares of the energy exploration company’s stock after acquiring an additional 216 shares during the period. 1900 Wealth Management LLC’s holdings in EOG Resources were worth $260,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of EOG. Wealthfront Advisers LLC grew its holdings in shares of EOG Resources by 4,642.2% in the fourth quarter. Wealthfront Advisers LLC now owns 2,852,238 shares of the energy exploration company’s stock worth $349,627,000 after acquiring an additional 2,792,092 shares during the period. Capital World Investors grew its holdings in shares of EOG Resources by 5.2% in the fourth quarter. Capital World Investors now owns 45,919,327 shares of the energy exploration company’s stock worth $5,628,497,000 after acquiring an additional 2,270,013 shares during the period. Raymond James Financial Inc. bought a new stake in shares of EOG Resources in the fourth quarter worth $171,193,000. GAMMA Investing LLC grew its holdings in shares of EOG Resources by 14,784.1% in the first quarter. GAMMA Investing LLC now owns 1,281,374 shares of the energy exploration company’s stock worth $164,323,000 after acquiring an additional 1,272,765 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of EOG Resources by 4.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 18,192,314 shares of the energy exploration company’s stock worth $2,230,014,000 after acquiring an additional 781,282 shares during the period. Institutional investors own 89.91% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on EOG. Morgan Stanley set a $135.00 target price on EOG Resources and gave the company an “equal weight” rating in a research report on Monday, June 2nd. Piper Sandler lowered their target price on EOG Resources from $135.00 to $133.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 22nd. Raymond James lifted their target price on EOG Resources from $148.00 to $158.00 and gave the company a “strong-buy” rating in a research report on Monday, June 2nd. Wall Street Zen downgraded EOG Resources from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Finally, Susquehanna lowered their target price on EOG Resources from $161.00 to $156.00 and set a “positive” rating on the stock in a research report on Tuesday, April 22nd. Eleven investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $140.10.

Insider Activity

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total transaction of $515,767.12. Following the transaction, the chief operating officer now owns 47,732 shares of the company’s stock, valued at approximately $6,098,240.32. This represents a 7.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.13% of the company’s stock.

EOG Resources Trading Down 1.7%

Shares of NYSE EOG opened at $123.20 on Tuesday. The business’s 50 day moving average is $112.36 and its two-hundred day moving average is $121.68. 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, Inc. has a 1-year low of $102.52 and a 1-year high of $138.18. The stock has a market capitalization of $67.24 billion, a P/E ratio of 9.92, a PEG ratio of 3.58 and a beta of 0.74.

EOG Resources (NYSE:EOG) last released its earnings results on Thursday, May 1st. The energy exploration company reported $2.87 EPS for the quarter, beating analysts’ consensus estimates of $2.75 by $0.12. The firm had revenue of $5.84 billion for 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%. The company’s quarterly revenue was down 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.82 earnings per share. As a group, research analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 17th will be paid a dividend of $1.02 per share. This is a boost from EOG Resources’s previous quarterly dividend of $0.98. The ex-dividend date is Friday, October 17th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.31%. EOG Resources’s dividend payout ratio is currently 36.18%.

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.