NorthRock Partners LLC Buys 3,172 Shares of EOG Resources, Inc. (NYSE:EOG)

NorthRock Partners LLC boosted its stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 91.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,637 shares of the energy exploration company's stock after purchasing an additional 3,172 shares during the quarter. NorthRock Partners LLC's holdings in EOG Resources were worth $814,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in EOG. Financial Life Planners acquired a new position in EOG Resources during the 4th quarter valued at approximately $25,000. Y.D. More Investments Ltd boosted its position in 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 valued at $25,000 after purchasing an additional 121 shares during the period. Mainstream Capital Management LLC bought a new stake in EOG Resources during the 4th quarter valued at $25,000. Decker Retirement Planning Inc. bought a new stake in EOG Resources during the 4th quarter valued at $27,000. Finally, Keystone Financial Group Inc. bought a new stake in EOG Resources during the 4th quarter valued at $27,000. Institutional investors and hedge funds own 89.91% of the company's stock.

EOG Resources Stock Down 1.3%

NYSE:EOG traded down $1.51 during trading hours on Monday, hitting $113.99. 2,863,958 shares of the company's stock traded hands, compared to its average volume of 3,295,054. The firm has a market cap of $62.21 billion, a P/E ratio of 9.18, a P/E/G ratio of 3.58 and a beta of 0.78. EOG Resources, Inc. has a twelve month low of $102.52 and a twelve month high of $138.18. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The stock's fifty day moving average price is $115.84 and its two-hundred day moving average price is $124.32.

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, beating the consensus estimate of $2.75 by $0.12. The firm had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.92 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. EOG Resources's quarterly revenue was down 7.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.82 earnings per share. On average, research analysts expect that EOG Resources, Inc. will post 11.47 earnings per share 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 paid a $0.975 dividend. The ex-dividend date is Thursday, July 17th. This represents a $3.90 dividend on an annualized basis and a yield of 3.42%. EOG Resources's dividend payout ratio (DPR) is currently 36.18%.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the business's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total value of $515,767.12. Following the transaction, the chief operating officer now owns 47,732 shares in the company, valued at $6,098,240.32. The trade was a 7.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.13% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Morgan Stanley cut their target price on EOG Resources from $142.00 to $136.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 27th. Mizuho cut their target price on EOG Resources from $140.00 to $134.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. Williams Trading set a $154.00 target price on EOG Resources in a research note on Wednesday, March 5th. Piper Sandler cut their target price on EOG Resources from $135.00 to $133.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. Finally, Scotiabank raised EOG Resources from a "sector perform" rating to a "sector outperform" rating and dropped their price objective for the stock from $150.00 to $130.00 in a research note on Friday, April 11th. Eleven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $140.63.

About EOG Resources

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.