Bourgeon Capital Management LLC Purchases 7,485 Shares of EOG Resources, Inc. $EOG

Bourgeon Capital Management LLC increased its position in shares of EOG Resources, Inc. (NYSE:EOGFree Report) by 37.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,294 shares of the energy exploration company’s stock after purchasing an additional 7,485 shares during the period. Bourgeon Capital Management LLC’s holdings in EOG Resources were worth $2,866,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in EOG. Hemington Wealth Management lifted its holdings in shares of EOG Resources by 7.2% during the third quarter. Hemington Wealth Management now owns 1,383 shares of the energy exploration company’s stock worth $155,000 after buying an additional 93 shares in the last quarter. Bollard Group LLC boosted its position in shares of EOG Resources by 0.8% in the third quarter. Bollard Group LLC now owns 11,747 shares of the energy exploration company’s stock valued at $1,317,000 after acquiring an additional 93 shares during the period. apricus wealth LLC grew its stake in shares of EOG Resources by 5.0% in the third quarter. apricus wealth LLC now owns 2,002 shares of the energy exploration company’s stock valued at $224,000 after acquiring an additional 95 shares in the last quarter. Sowell Financial Services LLC grew its stake in shares of EOG Resources by 1.6% in the third quarter. Sowell Financial Services LLC now owns 6,234 shares of the energy exploration company’s stock valued at $699,000 after acquiring an additional 96 shares in the last quarter. Finally, Hardy Reed LLC increased its position in EOG Resources by 4.5% during the third quarter. Hardy Reed LLC now owns 2,267 shares of the energy exploration company’s stock worth $254,000 after acquiring an additional 97 shares during the period. 89.91% of the stock is currently owned by institutional investors.

EOG Resources News Summary

Here are the key news stories impacting EOG Resources this week:

Analysts Set New Price Targets

EOG has been the subject of several analyst reports. UBS Group lifted their price objective on shares of EOG Resources from $141.00 to $149.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Royal Bank Of Canada set a $138.00 target price on shares of EOG Resources and gave the stock an “outperform” rating in a report on Tuesday, January 13th. Zacks Research upgraded shares of EOG Resources from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of EOG Resources in a research note on Thursday, January 22nd. Finally, Scotiabank raised EOG Resources to a “hold” rating in a research report on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eighteen have assigned a Hold rating to the company’s stock. According to MarketBeat, EOG Resources currently has an average rating of “Hold” and an average price target of $140.81.

Check Out Our Latest Research Report on EOG

EOG Resources Trading Down 3.7%

Shares of EOG opened at $144.38 on Wednesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.42 and a current ratio of 1.63. EOG Resources, Inc. has a 52-week low of $101.59 and a 52-week high of $151.87. The firm has a market cap of $77.35 billion, a price-to-earnings ratio of 15.85, a PEG ratio of 3.12 and a beta of 0.44. The business’s fifty day moving average is $124.99 and its 200-day moving average is $114.21.

EOG Resources (NYSE:EOGGet Free Report) last announced its quarterly earnings data on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.07. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.The business had revenue of $5.64 billion during the quarter, compared to the consensus estimate of $5.36 billion. During the same period in the prior year, the company earned $2.74 EPS. EOG Resources’s revenue for the quarter was up .9% on a year-over-year basis. Equities analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th will be issued a $1.02 dividend. The ex-dividend date of this dividend is Thursday, April 16th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.8%. EOG Resources’s dividend payout ratio is 44.79%.

Insider Buying and Selling

In related news, COO Jeffrey R. Leitzell sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $130.00, for a total transaction of $260,000.00. Following the completion of the transaction, the chief operating officer directly owned 88,045 shares in the company, valued at $11,445,850. This represents a 2.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Ann D. Janssen sold 4,161 shares of the stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $140.04, for a total transaction of $582,706.44. Following the completion of the transaction, the chief financial officer directly owned 100,246 shares of the company’s stock, valued at approximately $14,038,449.84. The trade was a 3.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 12,532 shares of company stock worth $1,666,045. 0.13% of the stock is currently owned by corporate insiders.

EOG Resources Profile

(Free Report)

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.

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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