Cary Street Partners Investment Advisory LLC Acquires 2,036 Shares of EOG Resources, Inc. (NYSE:EOG)

Cary Street Partners Investment Advisory LLC raised its holdings in EOG Resources, Inc. (NYSE:EOGFree Report) by 88.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,334 shares of the energy exploration company’s stock after purchasing an additional 2,036 shares during the quarter. Cary Street Partners Investment Advisory LLC’s holdings in EOG Resources were worth $524,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. McIlrath & Eck LLC grew its position in EOG Resources by 77.6% during the third quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company’s stock worth $30,000 after buying an additional 104 shares in the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of EOG Resources by 530.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock worth $30,000 after acquiring an additional 212 shares during the last quarter. Hall Laurie J Trustee purchased a new stake in EOG Resources during the fourth quarter valued at about $36,000. Keener Financial Planning LLC bought a new position in shares of EOG Resources during the 4th quarter valued at about $36,000. Finally, Tennessee Valley Asset Management Partners bought a new stake in EOG Resources in the 4th quarter worth approximately $40,000. 89.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. TD Cowen upped their price objective on shares of EOG Resources from $130.00 to $144.00 and gave the company a “hold” rating in a research note on Tuesday, April 30th. TD Securities cut their price target on shares of EOG Resources from $135.00 to $130.00 and set a “hold” rating on the stock in a report on Friday, February 23rd. Piper Sandler raised their price target on EOG Resources from $153.00 to $154.00 and gave the stock an “overweight” rating in a research note on Tuesday. JPMorgan Chase & Co. upped their price objective on shares of EOG Resources from $134.00 to $141.00 and gave the stock a “neutral” rating in a report on Thursday, March 28th. Finally, Truist Financial reduced their price target on shares of EOG Resources from $165.00 to $163.00 and set a “buy” rating on the stock in a research report on Friday, April 5th. Fourteen analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $143.05.

Check Out Our Latest Stock Analysis on EOG Resources

EOG Resources Price Performance

Shares of EOG stock opened at $129.43 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.32 and a quick ratio of 2.05. The company has a market capitalization of $74.38 billion, a P/E ratio of 10.22 and a beta of 1.38. The company’s 50-day simple moving average is $129.36 and its two-hundred day simple moving average is $122.34. EOG Resources, Inc. has a one year low of $106.32 and a one year high of $139.67.

EOG Resources (NYSE:EOGGet Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 EPS for the quarter, beating the consensus estimate of $2.70 by $0.12. The firm had revenue of $6.12 billion for the quarter, compared to analyst estimates of $5.91 billion. EOG Resources had a return on equity of 24.83% and a net margin of 30.33%. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.69 earnings per share. As a group, equities analysts anticipate that EOG Resources, Inc. will post 12.12 EPS for the current year.

EOG Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Wednesday, July 17th. This represents a $3.64 annualized dividend and a yield of 2.81%. EOG Resources’s dividend payout ratio (DPR) is presently 28.75%.

Insider Activity

In related news, President Lloyd W. Helms, Jr. sold 1,296 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $130.27, for a total transaction of $168,829.92. Following the sale, the president now owns 161,109 shares of the company’s stock, valued at $20,987,669.43. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, EVP Michael P. Donaldson sold 2,685 shares of the firm’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $130.29, for a total value of $349,828.65. Following the completion of the transaction, the executive vice president now directly owns 109,040 shares in the company, valued at $14,206,821.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Lloyd W. Helms, Jr. sold 1,296 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $130.27, for a total transaction of $168,829.92. Following the transaction, the president now directly owns 161,109 shares of the company’s stock, valued at $20,987,669.43. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,783 shares of company stock worth $1,533,465. 0.20% of the stock is currently owned by company insiders.

About EOG Resources

(Free Report)

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.

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

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