Galvin Gaustad & Stein LLC Raises Holdings in EOG Resources, Inc. $EOG

Galvin Gaustad & Stein LLC raised its holdings in EOG Resources, Inc. (NYSE:EOG) by 5.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 144,777 shares of the energy exploration company’s stock after purchasing an additional 7,416 shares during the quarter. EOG Resources accounts for 1.3% of Galvin Gaustad & Stein LLC’s holdings, making the stock its 29th largest holding. Galvin Gaustad & Stein LLC’s holdings in EOG Resources were worth $16,232,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of EOG. Integrated Wealth Concepts LLC lifted its position in EOG Resources by 15.3% in the first quarter. Integrated Wealth Concepts LLC now owns 6,438 shares of the energy exploration company’s stock valued at $826,000 after buying an additional 853 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of EOG Resources by 2.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 113,473 shares of the energy exploration company’s stock valued at $14,549,000 after acquiring an additional 2,713 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of EOG Resources by 16.3% in the 1st quarter. NewEdge Advisors LLC now owns 22,336 shares of the energy exploration company’s stock worth $2,864,000 after acquiring an additional 3,132 shares during the last quarter. UniSuper Management Pty Ltd boosted its position in shares of EOG Resources by 3.3% during the 1st quarter. UniSuper Management Pty Ltd now owns 41,747 shares of the energy exploration company’s stock worth $5,354,000 after purchasing an additional 1,342 shares during the period. Finally, Caxton Associates LLP acquired a new stake in EOG Resources in the 1st quarter valued at approximately $1,636,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on EOG. Johnson Rice decreased their price target on EOG Resources from $145.00 to $135.00 and set a “hold” rating on the stock in a research note on Friday, December 5th. Wolfe Research decreased their target price on EOG Resources from $138.00 to $134.00 and set an “outperform” rating on the stock in a research note on Monday. Barclays set a $136.00 target price on EOG Resources and gave the company an “equal weight” rating in a research report on Tuesday, October 7th. Piper Sandler reduced their price target on shares of EOG Resources from $129.00 to $124.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 18th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of EOG Resources in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seventeen have issued a Hold rating to the company. According to MarketBeat, EOG Resources currently has a consensus rating of “Hold” and a consensus price target of $138.14.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 2,000 shares of EOG Resources stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $105.68, for a total transaction of $211,360.00. Following the completion of the sale, the chief operating officer directly owned 54,979 shares of the company’s stock, valued at approximately $5,810,180.72. The trade was a 3.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.13% of the company’s stock.

EOG Resources Price Performance

EOG stock opened at $105.00 on Wednesday. The business’s 50-day moving average is $106.73 and its two-hundred day moving average is $113.48. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.62 and a quick ratio of 1.43. The firm has a market capitalization of $56.97 billion, a P/E ratio of 10.46, a P/E/G ratio of 8.32 and a beta of 0.49. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year high of $138.18.

EOG Resources (NYSE:EOG) last released its earnings results on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share for the quarter, topping analysts’ consensus estimates of $2.42 by $0.29. The firm had revenue of $5.85 billion for the quarter, compared to analyst estimates of $5.48 billion. EOG Resources had a net margin of 24.49% and a return on equity of 19.80%. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.89 earnings per share. Analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 16th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Friday, January 16th. EOG Resources’s dividend payout ratio (DPR) is presently 40.64%.

EOG Resources Company 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.