Farther Finance Advisors LLC Acquires 722 Shares of EOG Resources, Inc. (NYSE:EOG)

Farther Finance Advisors LLC grew its holdings in EOG Resources, Inc. (NYSE:EOG) by 21.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,149 shares of the energy exploration company’s stock after acquiring an additional 722 shares during the period. Farther Finance Advisors LLC’s holdings in EOG Resources were worth $536,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Daymark Wealth Partners LLC lifted its stake in shares of EOG Resources by 1.2% in the first quarter. Daymark Wealth Partners LLC now owns 13,995 shares of the energy exploration company’s stock worth $1,795,000 after buying an additional 160 shares during the last quarter. Baldwin Wealth Partners LLC MA raised its stake in EOG Resources by 1.8% during the 1st quarter. Baldwin Wealth Partners LLC MA now owns 30,469 shares of the energy exploration company’s stock valued at $3,907,000 after purchasing an additional 540 shares during the last quarter. Fenimore Asset Management Inc raised its stake in EOG Resources by 1.0% during the 1st quarter. Fenimore Asset Management Inc now owns 370,063 shares of the energy exploration company’s stock valued at $47,457,000 after purchasing an additional 3,600 shares during the last quarter. Wesbanco Bank Inc. raised its stake in shares of EOG Resources by 5.0% in the 1st quarter. Wesbanco Bank Inc. now owns 108,987 shares of the energy exploration company’s stock valued at $13,977,000 after buying an additional 5,192 shares in the last quarter. Finally, Park Avenue Securities LLC raised its stake in shares of EOG Resources by 25.6% in the 1st quarter. Park Avenue Securities LLC now owns 39,373 shares of the energy exploration company’s stock valued at $5,049,000 after buying an additional 8,016 shares in the last quarter. 89.91% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

EOG has been the subject of a number of recent research reports. Piper Sandler dropped their price objective on shares of EOG Resources from $135.00 to $133.00 and set a “neutral” rating for the company in a research note on Tuesday, April 22nd. Citigroup lowered their target price on shares of EOG Resources from $134.00 to $125.00 and set a “neutral” rating on the stock in a report on Monday, March 17th. Wells Fargo & Company lowered their target price on shares of EOG Resources from $150.00 to $146.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. KeyCorp lowered their target price on shares of EOG Resources from $150.00 to $140.00 and set an “overweight” rating on the stock in a report on Monday, April 21st. Finally, Williams Trading set a $154.00 price objective on shares of EOG Resources in a report on Wednesday, March 5th. Eleven investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $140.00.

Insiders Place Their Bets

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of the firm’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total transaction of $515,767.12. Following the completion of the transaction, the chief operating officer now directly owns 47,732 shares of the company’s stock, valued at $6,098,240.32. This trade represents a 7.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.13% of the company’s stock.

EOG Resources Stock Performance

Shares of NYSE:EOG opened at $125.52 on Monday. The company has a market capitalization of $68.50 billion, a price-to-earnings ratio of 10.11, a P/E/G ratio of 3.58 and a beta of 0.74. The firm’s 50 day simple moving average is $111.99 and its 200 day simple moving average is $121.75. 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 fifty-two week low of $102.52 and a fifty-two week high of $138.18.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share for the quarter, beating analysts’ consensus estimates of $2.75 by $0.12. The business had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.92 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. EOG Resources’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same period last year, the company posted $2.82 EPS. As a group, sell-side analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 17th will be issued a dividend of $1.02 per share. This is an increase from EOG Resources’s previous quarterly dividend of $0.98. This represents a $4.08 annualized dividend and a yield of 3.25%. The ex-dividend date is Friday, October 17th. EOG Resources’s dividend payout ratio (DPR) is 36.18%.

About EOG Resources

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.