Strategic Planning Group LLC boosted its holdings in EOG Resources, Inc. (NYSE:EOG – Free Report) by 17.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 65,960 shares of the energy exploration company’s stock after acquiring an additional 9,966 shares during the period. Strategic Planning Group LLC’s holdings in EOG Resources were worth $6,927,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Sivia Capital Partners LLC acquired a new stake in EOG Resources during the second quarter worth approximately $258,000. Quantbot Technologies LP acquired a new position in EOG Resources in the 2nd quarter valued at $349,000. Gamco Investors INC. ET AL lifted its position in shares of EOG Resources by 216.1% during the 2nd quarter. Gamco Investors INC. ET AL now owns 6,560 shares of the energy exploration company’s stock valued at $785,000 after acquiring an additional 4,485 shares during the period. NewEdge Advisors LLC grew its holdings in shares of EOG Resources by 2.0% during the 2nd quarter. NewEdge Advisors LLC now owns 22,780 shares of the energy exploration company’s stock worth $2,725,000 after purchasing an additional 444 shares in the last quarter. Finally, Sei Investments Co. increased its position in shares of EOG Resources by 4.4% in the second quarter. Sei Investments Co. now owns 362,446 shares of the energy exploration company’s stock worth $43,356,000 after purchasing an additional 15,250 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.
EOG Resources Stock Performance
EOG Resources stock opened at $133.26 on Tuesday. The company has a quick ratio of 1.53, a current ratio of 1.72 and a debt-to-equity ratio of 0.26. The stock has a market cap of $70.98 billion, a PE ratio of 13.12, a P/E/G ratio of 1.61 and a beta of 0.27. EOG Resources, Inc. has a 12-month low of $101.59 and a 12-month high of $151.87. The business’s 50-day moving average price is $136.06 and its two-hundred day moving average price is $118.67.
EOG Resources Announces Dividend
The business 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 yield of 3.1%. EOG Resources’s dividend payout ratio is presently 40.16%.
Analysts Set New Price Targets
EOG has been the subject of a number of analyst reports. Piper Sandler boosted their price target on EOG Resources from $144.00 to $147.00 and gave the company a “neutral” rating in a research note on Wednesday, April 1st. Stephens decreased their target price on shares of EOG Resources from $170.00 to $167.00 in a report on Wednesday, May 6th. BMO Capital Markets boosted their target price on shares of EOG Resources from $140.00 to $160.00 and gave the company an “outperform” rating in a research report on Wednesday, April 1st. Royal Bank Of Canada increased their price target on shares of EOG Resources from $138.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 8th. Finally, Morgan Stanley lifted their price objective on shares of EOG Resources from $128.00 to $155.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 28th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and seventeen have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $154.17.
Get Our Latest Research Report on EOG Resources
Insider Activity at EOG Resources
In other EOG Resources news, CFO Ann D. Janssen sold 4,161 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at $14,038,449.84. This trade represents a 3.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 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 sale, the chief operating officer directly owned 88,045 shares in the company, valued at approximately $13,234,924.40. The trade was a 6.08% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 18,230 shares of company stock valued at $2,522,568. 0.14% of the stock is owned by insiders.
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.
Featured Stories
- Five stocks we like better than EOG Resources
- Before the Moon Base Gets Built, These 4 Companies Win
- Industrial Buybacks: Top Homebuilding Supplier Leads Buyback Increases
- 3 Stocks That Win If Inflation Surprises to the Downside
- MercadoLibre Boldly Invests in Growth: Discount Deepens
Want to see what other hedge funds are holding EOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EOG Resources, Inc. (NYSE:EOG – Free Report).
Receive News & Ratings for EOG Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EOG Resources and related companies with MarketBeat.com's FREE daily email newsletter.
