SG Americas Securities LLC lifted its position in shares of EOG Resources, Inc. (NYSE:EOG – Free Report) by 63.2% during the 1st quarter, Holdings Channel reports. The firm owned 979,410 shares of the energy exploration company’s stock after purchasing an additional 379,386 shares during the quarter. SG Americas Securities LLC’s holdings in EOG Resources were worth $141,593,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently modified their holdings of EOG. Acumen Wealth Advisors LLC acquired a new stake in EOG Resources in the 4th quarter valued at about $25,000. Prosperity Bancshares Inc acquired a new position in EOG Resources during the fourth quarter worth approximately $26,000. Nemes Rush Group LLC bought a new stake in EOG Resources in the fourth quarter valued at approximately $30,000. Gen Wealth Partners Inc bought a new stake in EOG Resources in the fourth quarter valued at approximately $30,000. Finally, Olistico Wealth LLC acquired a new stake in shares of EOG Resources in the fourth quarter valued at approximately $33,000. 89.91% of the stock is owned by institutional investors.
EOG Resources Trading Up 0.1%
Shares of NYSE:EOG opened at $130.05 on Monday. EOG Resources, Inc. has a 12-month low of $101.59 and a 12-month high of $151.87. The stock has a market cap of $69.27 billion, a PE ratio of 12.80 and a beta of 0.25. The business has a 50 day moving average of $135.96 and a 200-day moving average of $124.86. The company has a quick ratio of 1.53, a current ratio of 1.72 and a debt-to-equity ratio of 0.26.
EOG Resources Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Friday, July 17th. EOG Resources’s dividend payout ratio is currently 40.16%.
Insiders Place Their Bets
In other EOG Resources news, COO Jeffrey R. Leitzell sold 5,698 shares of the 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 transaction, the chief operating officer owned 88,045 shares in the company, valued at $13,234,924.40. This trade represents a 6.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.14% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Several brokerages have recently commented on EOG. Truist Financial lifted their target price on EOG Resources from $146.00 to $149.00 and gave the stock a “hold” rating in a research note on Friday, May 8th. Piper Sandler increased 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. Jefferies Financial Group raised their price target on EOG Resources from $146.00 to $170.00 and gave the company a “buy” rating in a report on Monday, April 13th. UBS Group lifted their price objective on shares of EOG Resources from $141.00 to $149.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Finally, Raymond James Financial lifted their price objective on shares of EOG Resources from $157.00 to $185.00 and gave the stock a “strong-buy” rating in a research report on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and sixteen have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $156.32.
View Our Latest Stock 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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