Winnow Wealth LLC Makes New $965,000 Investment in EOG Resources, Inc. $EOG

Winnow Wealth LLC purchased a new position in shares of EOG Resources, Inc. (NYSE:EOG) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,537 shares of the energy exploration company’s stock, valued at approximately $965,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd grew its position in shares of EOG Resources by 10,950.0% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company’s stock valued at $26,000 after purchasing an additional 219 shares during the period. JCIC Asset Management Inc. bought a new position in EOG Resources in the third quarter valued at approximately $32,000. Keener Financial Planning LLC bought a new position in EOG Resources in the second quarter valued at approximately $35,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of EOG Resources in the second quarter valued at approximately $35,000. Finally, Salomon & Ludwin LLC increased its position in shares of EOG Resources by 122.8% during the third quarter. Salomon & Ludwin LLC now owns 323 shares of the energy exploration company’s stock worth $36,000 after acquiring an additional 178 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on EOG shares. Jefferies Financial Group set a $140.00 price objective on shares of EOG Resources in a research report on Wednesday, January 14th. Weiss Ratings restated a “hold (c)” rating on shares of EOG Resources in a report on Thursday, January 22nd. Roth Mkm reduced their price objective on EOG Resources from $114.00 to $108.00 and set a “neutral” rating for the company in a research report on Friday, January 23rd. Capital One Financial dropped their target price on EOG Resources from $131.00 to $130.00 and set an “overweight” rating on the stock in a research report on Thursday, January 8th. Finally, BMO Capital Markets cut their target price on EOG Resources from $126.00 to $120.00 and set an “outperform” rating on the stock in a research note on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, sixteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $134.07.

EOG Resources Stock Up 0.0%

EOG stock opened at $112.13 on Friday. The company has a market cap of $60.84 billion, a price-to-earnings ratio of 11.17, a P/E/G ratio of 9.68 and a beta of 0.49. EOG Resources, Inc. has a twelve month low of $101.59 and a twelve month high of $135.87. The business has a 50 day moving average price of $106.92 and a two-hundred day moving average price of $111.80. The company has a quick ratio of 1.43, a current ratio of 1.62 and a debt-to-equity ratio of 0.25.

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

EOG Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Friday, January 16th were given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Friday, January 16th. EOG Resources’s dividend payout ratio (DPR) is 40.64%.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 2,000 shares of the business’s stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $105.68, for a total transaction of $211,360.00. Following the transaction, the chief operating officer directly owned 54,979 shares in the company, valued at $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 available at this link. 0.13% of the stock is owned by corporate insiders.

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.