EOG Resources, Inc. (NYSE:EOG) Shares Bought by Private Advisor Group LLC

Private Advisor Group LLC raised its position in EOG Resources, Inc. (NYSE:EOGFree Report) by 1.0% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 14,987 shares of the energy exploration company’s stock after purchasing an additional 147 shares during the period. Private Advisor Group LLC’s holdings in EOG Resources were worth $1,916,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of EOG. Exchange Traded Concepts LLC boosted its stake in shares of EOG Resources by 530.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock valued at $30,000 after acquiring an additional 212 shares during the last quarter. Sachetta LLC acquired a new stake in shares of EOG Resources during the fourth quarter valued at $33,000. Hall Laurie J Trustee acquired a new stake in shares of EOG Resources during the fourth quarter valued at $36,000. Keener Financial Planning LLC acquired a new stake in shares of EOG Resources during the fourth quarter valued at $36,000. Finally, Norwood Financial Corp acquired a new stake in shares of EOG Resources during the first quarter valued at $37,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analysts Set New Price Targets

EOG has been the topic of a number of analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $145.00 price objective on shares of EOG Resources in a research note on Tuesday, April 9th. Scotiabank lowered EOG Resources from a “sector outperform” rating to a “sector perform” rating and raised their price target for the stock from $135.00 to $155.00 in a research note on Thursday, April 11th. Susquehanna raised their price target on EOG Resources from $147.00 to $155.00 and gave the stock a “positive” rating in a research note on Monday, April 22nd. Truist Financial lowered EOG Resources from a “buy” rating to a “hold” rating and decreased their price target for the stock from $163.00 to $136.00 in a research note on Thursday, May 16th. Finally, Mizuho raised their price target on EOG Resources from $140.00 to $156.00 and gave the stock a “buy” rating in a research note on Monday, May 13th. Thirteen 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $143.19.

View Our Latest Stock Analysis on EOG

EOG Resources Stock Performance

Shares of NYSE:EOG opened at $125.71 on Wednesday. The company has a market cap of $72.25 billion, a P/E ratio of 9.93, a PEG ratio of 1.73 and a beta of 1.30. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.05 and a current ratio of 2.32. EOG Resources, Inc. has a one year low of $108.94 and a one year high of $139.67. The business’s 50-day simple moving average is $125.06 and its 200 day simple moving average is $122.68.

EOG Resources (NYSE:EOGGet Free Report) last announced its earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 EPS for the quarter, beating the consensus estimate of $2.70 by $0.12. The business had revenue of $6.12 billion for the quarter, compared to the consensus estimate of $5.91 billion. EOG Resources had a return on equity of 24.83% and a net margin of 30.33%. The company’s revenue was up 1.3% on a year-over-year basis. During the same period last year, the business posted $2.69 EPS. On average, sell-side analysts forecast that EOG Resources, Inc. will post 12.06 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be issued a dividend of $0.91 per share. The ex-dividend date of this dividend is Wednesday, July 17th. This represents a $3.64 annualized dividend and a yield of 2.90%. EOG Resources’s dividend payout ratio is presently 28.75%.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 7,802 shares of EOG Resources stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $130.07, for a total transaction of $1,014,806.14. Following the sale, the chief operating officer now directly owns 39,054 shares in the company, valued at approximately $5,079,753.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other EOG Resources news, COO Jeffrey R. Leitzell sold 7,802 shares of EOG Resources stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $130.07, for a total transaction of $1,014,806.14. Following the sale, the chief operating officer now directly owns 39,054 shares in the company, valued at approximately $5,079,753.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Lloyd W. Helms, Jr. sold 1,296 shares of EOG Resources stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $130.27, for a total value of $168,829.92. Following the sale, the president now owns 161,109 shares in the company, valued at $20,987,669.43. The disclosure for this sale can be found here. Insiders have sold 16,512 shares of company stock worth $2,144,972 in the last three months. 0.20% of the stock is owned by insiders.

EOG Resources Profile

(Free Report)

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.

Further Reading

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

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