Annis Gardner Whiting Capital Advisors LLC Boosts Stake in EOG Resources, Inc. $EOG

Annis Gardner Whiting Capital Advisors LLC grew its position in shares of EOG Resources, Inc. (NYSE:EOG) by 873.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,836 shares of the energy exploration company’s stock after acquiring an additional 7,928 shares during the quarter. Annis Gardner Whiting Capital Advisors LLC’s holdings in EOG Resources were worth $991,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd increased its position in EOG Resources by 10,950.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company’s stock worth $26,000 after purchasing an additional 219 shares in the last quarter. Raleigh Capital Management Inc. acquired a new position in EOG Resources during the second quarter valued at approximately $29,000. JCIC Asset Management Inc. purchased a new stake in EOG Resources during the third quarter worth approximately $32,000. ORG Partners LLC increased its position in shares of EOG Resources by 45.1% in the second quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock worth $34,000 after acquiring an additional 88 shares in the last quarter. Finally, Keener Financial Planning LLC purchased a new position in shares of EOG Resources in the 2nd quarter valued at $35,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EOG has been the subject of a number of research reports. Johnson Rice decreased their price target on shares of EOG Resources from $145.00 to $135.00 and set a “hold” rating for the company in a research report on Friday, December 5th. Scotiabank set a $123.00 price objective on EOG Resources and gave the stock a “sector perform” rating in a research note on Friday, January 16th. Barclays decreased their target price on EOG Resources from $136.00 to $133.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 21st. Zacks Research lowered EOG Resources from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 20th. Finally, JPMorgan Chase & Co. dropped their target price on EOG Resources from $121.00 to $115.00 and set a “neutral” rating on the stock in a report on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, sixteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, EOG Resources currently has an average rating of “Hold” and an average target price of $134.07.

EOG Resources Stock Up 2.3%

Shares of EOG Resources stock opened at $111.06 on Thursday. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $135.87. The company has a market capitalization of $60.26 billion, a PE ratio of 11.06, a P/E/G ratio of 9.38 and a beta of 0.49. 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 business has a 50-day moving average of $106.70 and a 200-day moving average of $111.87.

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

EOG Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 16th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Friday, January 16th. EOG Resources’s dividend payout ratio is 40.64%.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 2,000 shares of the firm’s stock in a transaction that occurred 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 owned 54,979 shares of the company’s stock, valued at approximately $5,810,180.72. This trade represents a 3.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.13% of the company’s stock.

About EOG Resources

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.