EOG Resources, Inc. (NYSE:EOG) Position Boosted by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC increased its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 43.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 92,139 shares of the energy exploration company's stock after acquiring an additional 27,876 shares during the quarter. Aptus Capital Advisors LLC's holdings in EOG Resources were worth $11,294,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Financial Life Planners acquired a new position in shares of EOG Resources in the fourth quarter valued at approximately $25,000. Y.D. More Investments Ltd raised its stake in shares of EOG Resources by 149.4% during the 4th quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company's stock worth $25,000 after buying an additional 121 shares in the last quarter. Mainstream Capital Management LLC purchased a new position in EOG Resources in the fourth quarter worth $25,000. Decker Retirement Planning Inc. acquired a new position in shares of EOG Resources during the 4th quarter worth $27,000. Finally, Keystone Financial Group Inc. acquired a new stake in shares of EOG Resources in the fourth quarter valued at about $27,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on EOG. Wells Fargo & Company dropped their price target on EOG Resources from $150.00 to $146.00 and set an "overweight" rating for the company in a research report on Thursday, March 13th. Scotiabank upgraded shares of EOG Resources from a "sector perform" rating to a "sector outperform" rating and decreased their target price for the stock from $150.00 to $130.00 in a research report on Friday, April 11th. Raymond James restated a "strong-buy" rating and set a $140.00 price objective on shares of EOG Resources in a report on Monday, April 21st. Williams Trading set a $154.00 target price on EOG Resources in a research report on Wednesday, March 5th. Finally, Piper Sandler dropped their price objective on shares of EOG Resources from $135.00 to $133.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. Eleven analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $140.95.

Insider Activity

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of EOG Resources stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total transaction of $515,767.12. Following the transaction, the chief operating officer now directly owns 47,732 shares of the company's stock, valued at $6,098,240.32. The trade was a 7.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is owned by insiders.

EOG Resources Stock Performance

EOG traded down $0.68 during trading on Wednesday, reaching $108.04. 4,013,502 shares of the company were exchanged, compared to its average volume of 3,256,748. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The stock has a market cap of $59.59 billion, a P/E ratio of 8.70, a PEG ratio of 3.58 and a beta of 0.78. EOG Resources, Inc. has a 52 week low of $102.52 and a 52 week high of $138.18. The firm has a 50 day moving average of $117.49 and a 200 day moving average of $124.85.

EOG Resources (NYSE:EOG - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share for the quarter, beating analysts' consensus estimates of $2.75 by $0.12. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The company had revenue of $5.84 billion for the quarter, compared to analysts' expectations of $5.92 billion. During the same quarter in the previous year, the company posted $2.82 earnings per share. The business's revenue for the quarter was down 7.4% compared to the same quarter last year. On average, sell-side analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 17th will be given a $0.975 dividend. The ex-dividend date of this dividend is Thursday, July 17th. This represents a $3.90 dividend on an annualized basis and a yield of 3.61%. EOG Resources's dividend payout ratio (DPR) is 36.18%.

EOG Resources Company 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.