Advisors Asset Management Inc. Buys 1,092 Shares of EOG Resources, Inc. (NYSE:EOG)

Advisors Asset Management Inc. boosted its stake in EOG Resources, Inc. (NYSE:EOG) by 3.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,899 shares of the energy exploration company’s stock after acquiring an additional 1,092 shares during the quarter. Advisors Asset Management Inc.’s holdings in EOG Resources were worth $3,822,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in EOG Resources by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 54,275,932 shares of the energy exploration company’s stock valued at $6,938,635,000 after acquiring an additional 146,674 shares in the last quarter. Capital World Investors lifted its position in EOG Resources by 59.2% during the 4th quarter. Capital World Investors now owns 25,420,916 shares of the energy exploration company’s stock worth $3,074,660,000 after buying an additional 9,455,621 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in EOG Resources by 26.3% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,948,119 shares of the energy exploration company’s stock worth $598,475,000 after buying an additional 1,029,727 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in EOG Resources by 4.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,163,856 shares of the energy exploration company’s stock worth $503,641,000 after buying an additional 176,854 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in EOG Resources by 0.3% during the 4th quarter. Franklin Resources Inc. now owns 3,265,952 shares of the energy exploration company’s stock worth $395,017,000 after buying an additional 10,506 shares in the last quarter. 89.91% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Ezra Y. Yacob sold 4,729 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $129.31, for a total transaction of $611,506.99. Following the transaction, the chief executive officer now directly owns 150,474 shares of the company’s stock, valued at $19,457,792.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Michael P. Donaldson sold 2,685 shares of EOG Resources stock in a transaction on 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 through the SEC website. Also, CEO Ezra Y. Yacob sold 4,729 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $129.31, for a total value of $611,506.99. Following the completion of the transaction, the chief executive officer now owns 150,474 shares of the company’s stock, valued at approximately $19,457,792.94. The disclosure for this sale can be found here. Insiders sold 16,512 shares of company stock worth $2,144,972 over the last three months. 0.30% of the stock is currently owned by insiders.

EOG Resources Trading Up 0.1 %

Shares of EOG traded up $0.16 during trading hours on Friday, hitting $127.20. 2,214,272 shares of the stock were exchanged, compared to its average volume of 3,188,579. EOG Resources, Inc. has a fifty-two week low of $108.94 and a fifty-two week high of $139.67. 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 business has a 50-day moving average of $124.79 and a 200-day moving average of $123.22. The firm has a market capitalization of $73.10 billion, a P/E ratio of 9.96, a price-to-earnings-growth ratio of 2.20 and a beta of 1.30.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.70 by $0.12. The business had revenue of $6.12 billion during the quarter, compared to analysts’ expectations of $5.91 billion. EOG Resources had a net margin of 30.33% and a return on equity of 24.83%. The business’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period last year, the company posted $2.69 earnings per share. On average, research analysts expect that EOG Resources, Inc. will post 12.1 EPS for the current year.

EOG Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date is Wednesday, July 17th. EOG Resources’s dividend payout ratio is currently 28.75%.

Analysts Set New Price Targets

Several brokerages have commented on EOG. Susquehanna boosted their price target on shares of EOG Resources from $147.00 to $155.00 and gave the stock a “positive” rating in a research report on Monday, April 22nd. Citigroup boosted their price target on shares of EOG Resources from $124.00 to $130.00 and gave the stock a “neutral” rating in a research report on Friday, May 24th. StockNews.com cut shares of EOG Resources from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. KeyCorp began coverage on shares of EOG Resources in a report on Thursday, June 27th. They issued an “overweight” rating and a $157.00 target price on the stock. Finally, Truist Financial dropped their target price on shares of EOG Resources from $136.00 to $130.00 and set a “hold” rating on the stock in a report on Monday. Fifteen analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, EOG Resources currently has a consensus rating of “Hold” and a consensus target price of $143.20.

EOG Resources Profile

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.