Friedenthal Financial Invests $931,000 in EOG Resources, Inc. $EOG

Friedenthal Financial purchased a new position in shares of EOG Resources, Inc. (NYSE:EOGFree Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,443 shares of the energy exploration company’s stock, valued at approximately $931,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EOG. Acumen Wealth Advisors LLC acquired a new position in shares of EOG Resources during the fourth quarter valued at approximately $25,000. Prosperity Bancshares Inc purchased a new position in shares of EOG Resources in the fourth quarter valued at approximately $26,000. Gen Wealth Partners Inc acquired a new stake in shares of EOG Resources in the fourth quarter worth approximately $30,000. Nemes Rush Group LLC acquired a new stake in shares of EOG Resources in the fourth quarter worth approximately $30,000. Finally, Olistico Wealth LLC acquired a new stake in shares of EOG Resources in the fourth quarter worth approximately $33,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

EOG Resources Stock Performance

NYSE EOG opened at $134.49 on Thursday. The stock’s fifty day moving average is $135.81 and its two-hundred day moving average is $125.35. The firm has a market capitalization of $71.63 billion, a P/E ratio of 13.24 and a beta of 0.25. 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 (NYSE:EOGGet Free Report) last issued its earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.23 by $0.18. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The company had revenue of $6.92 billion during the quarter, compared to analysts’ expectations of $6.18 billion. During the same period in the prior year, the business earned $2.87 EPS. The firm’s quarterly revenue was up 22.1% on a year-over-year basis. On average, research analysts anticipate that EOG Resources, Inc. will post 16.64 earnings per share for the current year.

EOG Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be given a dividend of $1.02 per share. 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 presently 40.16%.

Wall Street Analyst Weigh In

Several research firms recently commented on EOG. Weiss Ratings raised EOG Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. Piper Sandler increased their target price on shares of EOG Resources from $144.00 to $147.00 and gave the company a “neutral” rating in a research report on Wednesday, April 1st. Sanford C. Bernstein decreased their price target 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. Royal Bank Of Canada raised their price target on shares of EOG Resources from $138.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 8th. Finally, Truist Financial boosted their price target on shares of EOG Resources from $146.00 to $149.00 and gave the stock a “hold” rating in a research report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and sixteen have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $156.00.

Check Out Our Latest Stock Report on EOG Resources

Insider Activity

In related news, COO Jeffrey R. Leitzell sold 5,698 shares of the company’s stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total value of $856,523.36. Following the completion of the sale, the chief operating officer owned 88,045 shares of the company’s stock, valued at approximately $13,234,924.40. This represents a 6.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.14% of the company’s stock.

EOG Resources Company Profile

(Free Report)

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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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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