Crewe Advisors LLC Buys New Holdings in EOG Resources, Inc. (NYSE:EOG)

Crewe Advisors LLC acquired a new position in shares of EOG Resources, Inc. (NYSE:EOG) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 314 shares of the energy exploration company’s stock, valued at approximately $40,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of EOG. Sachetta LLC acquired a new position in shares of EOG Resources during the fourth quarter worth $33,000. Keener Financial Planning LLC purchased a new stake in shares of EOG Resources during the fourth quarter worth about $36,000. Norwood Financial Corp purchased a new stake in EOG Resources during the 1st quarter worth approximately $37,000. LifeSteps Financial Inc. bought a new stake in shares of EOG Resources in the first quarter worth $38,000. Finally, GoalVest Advisory LLC grew its stake in EOG Resources by 135.4% in the first quarter. GoalVest Advisory LLC now owns 306 shares of the energy exploration company’s stock worth $39,000 after purchasing an additional 176 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

EOG has been the topic of a number of research reports. Susquehanna increased their target price on shares of EOG Resources from $147.00 to $155.00 and gave the stock a “positive” rating in a report on Monday, April 22nd. Morgan Stanley lifted their price target on EOG Resources from $132.00 to $133.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. 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. Mizuho lifted their price target on EOG Resources from $140.00 to $156.00 and gave the stock a “buy” rating in a research note on Monday, May 13th. Finally, Barclays initiated coverage on shares of EOG Resources in a report on Wednesday, April 10th. They issued an “equal weight” rating and a $144.00 target price for the company. Fifteen investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $143.20.

Insider Buying and Selling

In other EOG Resources news, CEO Ezra Y. Yacob sold 4,729 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $129.31, for a total transaction of $611,506.99. Following the completion of the transaction, the chief executive officer now directly owns 150,474 shares in the company, valued at $19,457,792.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, COO Jeffrey R. Leitzell sold 7,802 shares of EOG Resources stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $130.07, for a total value of $1,014,806.14. Following the completion of the sale, the chief operating officer now directly owns 39,054 shares in the company, valued at $5,079,753.78. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Ezra Y. Yacob sold 4,729 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $129.31, for a total transaction of $611,506.99. Following the sale, the chief executive officer now directly owns 150,474 shares of the company’s stock, valued at $19,457,792.94. The disclosure for this sale can be found here. Insiders sold a total of 16,512 shares of company stock valued at $2,144,972 over the last ninety days. 0.30% of the stock is owned by company insiders.

EOG Resources Stock Down 0.8 %

Shares of NYSE EOG traded down $1.01 during mid-day trading on Friday, reaching $126.03. 443,032 shares of the company traded hands, compared to its average volume of 3,175,776. The company’s fifty day moving average is $124.79 and its two-hundred day moving average is $123.22. 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 quick ratio of 2.05 and a current ratio of 2.32. The stock has a market cap of $72.43 billion, a PE ratio of 9.96, a price-to-earnings-growth ratio of 2.20 and a beta of 1.30.

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

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be issued a $0.91 dividend. The ex-dividend date of this dividend is Wednesday, July 17th. This represents a $3.64 annualized dividend and a yield of 2.89%. EOG Resources’s dividend payout ratio (DPR) is 28.75%.

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.