2,190 Shares in EOG Resources, Inc. (NYSE:EOG) Purchased by RVW Wealth LLC

Key Points

• RVW Wealth LLC purchased 2,190 shares of EOG Resources, Inc. during the 1st quarter, valuing the investment at approximately $281,000.
• EOG Resources reported $2.87 EPS for the last quarter, exceeding analysts' expectations, despite a 7.4% year-over-year revenue decline.
• The company announced a dividend increase to $1.02 per share, reflecting a 3.36% yield for shareholders and a payout ratio of 36.18%.

RVW Wealth LLC purchased a new stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,190 shares of the energy exploration company's stock, valued at approximately $281,000.

Several other institutional investors also recently modified their holdings of the company. Hancock Whitney Corp increased its holdings in EOG Resources by 5.7% in the 4th quarter. Hancock Whitney Corp now owns 1,719 shares of the energy exploration company's stock valued at $211,000 after buying an additional 92 shares during the period. FSM Wealth Advisors LLC increased its stake in EOG Resources by 6.2% in the first quarter. FSM Wealth Advisors LLC now owns 1,623 shares of the energy exploration company's stock valued at $208,000 after acquiring an additional 95 shares during the period. Sigma Planning Corp raised its position in EOG Resources by 1.6% in the first quarter. Sigma Planning Corp now owns 6,259 shares of the energy exploration company's stock worth $803,000 after purchasing an additional 97 shares in the last quarter. Advisor OS LLC lifted its stake in EOG Resources by 3.7% during the first quarter. Advisor OS LLC now owns 2,853 shares of the energy exploration company's stock worth $366,000 after purchasing an additional 102 shares during the period. Finally, Ameritas Advisory Services LLC boosted its holdings in EOG Resources by 2.2% during the first quarter. Ameritas Advisory Services LLC now owns 5,016 shares of the energy exploration company's stock valued at $641,000 after purchasing an additional 106 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company's stock.

EOG Resources Trading Down 0.1%

Shares of NYSE EOG traded down $0.11 during trading on Monday, reaching $116.49. The company had a trading volume of 1,113,119 shares, compared to its average volume of 3,659,931. The company's fifty day moving average price is $118.96 and its 200-day moving average price is $120.41. EOG Resources, Inc. has a 12 month low of $102.52 and a 12 month high of $138.18. The stock has a market cap of $63.58 billion, a P/E ratio of 10.80, a PEG ratio of 8.96 and a beta of 0.80. The company has a quick ratio of 1.71, a current ratio of 1.87 and a debt-to-equity ratio of 0.12.

EOG Resources (NYSE:EOG - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The energy exploration company reported $2.87 EPS for the quarter, topping the consensus estimate of $2.75 by $0.12. EOG Resources had a net margin of 26.14% and a return on equity of 22.35%. The company had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.92 billion. During the same quarter last year, the firm posted $2.82 EPS. The company's quarterly revenue was down 7.4% on a year-over-year basis. As a group, research analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 17th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 3.5%. This is an increase from EOG Resources's previous quarterly dividend of $0.98. The ex-dividend date of this dividend is Friday, October 17th. EOG Resources's payout ratio is presently 36.18%.

Insiders Place Their Bets

In other news, COO Jeffrey R. Leitzell sold 3,951 shares of the stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $119.65, for a total transaction of $472,737.15. Following the transaction, the chief operating officer owned 45,739 shares of the company's stock, valued at $5,472,671.35. This represents a 7.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.13% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on EOG. Stephens started coverage on EOG Resources in a report on Tuesday, June 17th. They set an "equal weight" rating and a $137.00 price objective for the company. Scotiabank upgraded EOG Resources from a "sector perform" rating to a "sector outperform" rating and reduced their target price for the stock from $150.00 to $130.00 in a report on Friday, April 11th. Piper Sandler reduced their price objective on EOG Resources from $138.00 to $136.00 and set a "neutral" rating for the company in a research report on Thursday, July 17th. Mizuho lowered their price target on EOG Resources from $140.00 to $134.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Finally, Wells Fargo & Company reiterated an "overweight" rating on shares of EOG Resources in a research note on Sunday, June 22nd. Twelve equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, EOG Resources presently has an average rating of "Moderate Buy" and an average price target of $140.62.

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.