37,624 Shares in EOG Resources, Inc. (NYSE:EOG) Purchased by Corigliano Investment Advisers LLC

Corigliano Investment Advisers LLC bought a new stake in EOG Resources, Inc. (NYSE:EOG - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 37,624 shares of the energy exploration company's stock, valued at approximately $4,612,000. EOG Resources comprises approximately 2.2% of Corigliano Investment Advisers LLC's investment portfolio, making the stock its 22nd largest holding.

A number of other large investors have also made changes to their positions in EOG. Essex Financial Services Inc. lifted its position in shares of EOG Resources by 1.3% in the fourth quarter. Essex Financial Services Inc. now owns 6,145 shares of the energy exploration company's stock worth $753,000 after buying an additional 79 shares during the last quarter. Valmark Advisers Inc. increased its holdings in EOG Resources by 2.6% during the 4th quarter. Valmark Advisers Inc. now owns 3,140 shares of the energy exploration company's stock worth $385,000 after purchasing an additional 79 shares in the last quarter. Deseret Mutual Benefit Administrators grew its holdings in shares of EOG Resources by 8.8% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 989 shares of the energy exploration company's stock valued at $121,000 after acquiring an additional 80 shares in the last quarter. 1ST Source Bank lifted its position in EOG Resources by 1.5% during the fourth quarter. 1ST Source Bank now owns 5,349 shares of the energy exploration company's stock worth $656,000 after acquiring an additional 80 shares during the last quarter. Finally, Penobscot Investment Management Company Inc. raised its position in shares of EOG Resources by 2.0% in the fourth quarter. Penobscot Investment Management Company Inc. now owns 4,065 shares of the energy exploration company's stock valued at $498,000 after buying an additional 80 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on EOG shares. Scotiabank raised EOG Resources from a "sector perform" rating to a "sector outperform" rating and lowered their price objective for the stock from $150.00 to $130.00 in a research note on Friday, April 11th. StockNews.com cut EOG Resources from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. Barclays decreased their price objective on EOG Resources from $140.00 to $137.00 and set an "equal weight" rating on the stock in a research note on Friday, May 2nd. Royal Bank of Canada raised EOG Resources from a "sector perform" rating to an "outperform" rating and raised their price objective for the company from $150.00 to $155.00 in a research note on Wednesday, February 12th. Finally, Truist Financial upped their target price on EOG Resources from $135.00 to $137.00 and gave the stock a "hold" rating in a report on Monday, January 13th. Eleven investment 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 data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $140.95.

Insider Activity at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of the business's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total transaction of $515,767.12. Following the transaction, the chief operating officer now owns 47,732 shares of the company's stock, valued at approximately $6,098,240.32. The trade was a 7.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.13% of the stock is currently owned by insiders.

EOG Resources Stock Up 2.8%

EOG Resources stock traded up $3.11 during trading hours on Monday, hitting $114.23. The stock had a trading volume of 1,711,312 shares, compared to its average volume of 3,267,676. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $62.35 billion, a P/E ratio of 9.20, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78. EOG Resources, Inc. has a 12-month low of $102.52 and a 12-month high of $138.18. The stock's 50-day moving average price is $116.68 and its 200-day moving average price is $124.53.

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

EOG Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 17th will be issued a dividend of $0.975 per share. This represents a $3.90 annualized dividend and a yield of 3.41%. The ex-dividend date of this dividend is Thursday, July 17th. EOG Resources's payout ratio 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.