Dakota Wealth Management Acquires New Position in EOG Resources, Inc. $EOG

Dakota Wealth Management bought a new position in EOG Resources, Inc. (NYSE:EOG) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 10,678 shares of the energy exploration company’s stock, valued at approximately $1,121,000.

Several other hedge funds and other institutional investors have also bought and sold shares of EOG. Capital World Investors raised its stake in shares of EOG Resources by 1.4% during the third quarter. Capital World Investors now owns 54,907,949 shares of the energy exploration company’s stock worth $6,156,495,000 after acquiring an additional 782,426 shares in the last quarter. Capital Research Global Investors boosted its stake in shares of EOG Resources by 0.5% in the 3rd quarter. Capital Research Global Investors now owns 24,926,659 shares of the energy exploration company’s stock valued at $2,794,784,000 after purchasing an additional 122,486 shares in the last quarter. Alliancebernstein L.P. grew its holdings in shares of EOG Resources by 4.2% during the 2nd quarter. Alliancebernstein L.P. now owns 6,159,281 shares of the energy exploration company’s stock valued at $736,712,000 after purchasing an additional 249,984 shares during the last quarter. Northern Trust Corp grew its holdings in shares of EOG Resources by 0.8% during the 3rd quarter. Northern Trust Corp now owns 5,974,950 shares of the energy exploration company’s stock valued at $669,911,000 after purchasing an additional 49,987 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in EOG Resources by 6.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 5,972,687 shares of the energy exploration company’s stock worth $669,727,000 after purchasing an additional 344,291 shares during the period. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Insider Buying and Selling

In other EOG Resources news, CFO Ann D. Janssen sold 4,161 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $140.04, for a total transaction of $582,706.44. Following the transaction, the chief financial officer owned 100,246 shares in the company, valued at approximately $14,038,449.84. This represents a 3.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jeffrey R. Leitzell sold 2,000 shares of the stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $125.00, for a total value of $250,000.00. Following the completion of the transaction, the chief operating officer directly owned 61,481 shares of the company’s stock, valued at $7,685,125. This represents a 3.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 14,532 shares of company stock worth $1,877,405 in the last quarter. Company insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on EOG. Citigroup reissued a “neutral” rating and issued a $115.00 price target (down from $125.00) on shares of EOG Resources in a research note on Wednesday, December 17th. Piper Sandler lifted their price objective on EOG Resources from $127.00 to $144.00 and gave the stock a “neutral” rating in a report on Thursday, March 12th. JPMorgan Chase & Co. boosted their target price on EOG Resources from $115.00 to $125.00 and gave the company a “neutral” rating in a research note on Thursday, February 26th. UBS Group increased their target price on EOG Resources from $141.00 to $149.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Finally, Scotiabank set a $123.00 price target on EOG Resources and gave the stock a “sector perform” rating in a research report on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eighteen have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $139.52.

EOG Resources Stock Up 0.0%

Shares of EOG Resources stock opened at $149.63 on Monday. The company has a current ratio of 1.63, a quick ratio of 1.42 and a debt-to-equity ratio of 0.27. EOG Resources, Inc. has a 12-month low of $101.59 and a 12-month high of $150.10. The company has a market cap of $80.27 billion, a P/E ratio of 16.42, a PEG ratio of 3.48 and a beta of 0.44. The company’s fifty day simple moving average is $123.33 and its two-hundred day simple moving average is $113.82.

EOG Resources (NYSE:EOG) last posted its earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 EPS for the quarter, topping the consensus estimate of $2.20 by $0.07. EOG Resources had a net margin of 22.00% and a return on equity of 18.67%. The firm had revenue of $5.64 billion during the quarter, compared to analysts’ expectations of $5.36 billion. During the same period last year, the company posted $2.74 EPS. The company’s quarterly revenue was up .9% compared to the same quarter last year. Research analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Thursday, April 16th. EOG Resources’s payout ratio is presently 44.79%.

EOG Resources 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.