49,178 Shares in EOG Resources, Inc. $EOG Acquired by FSA Advisors Inc.

Key Points

• FSA Advisors Inc. purchased a new position of 49,178 shares of EOG Resources, valued at about $5.16 million, comprising roughly 0.9% of its portfolio and its 27th largest holding.
• Company insiders have been net sellers recently — the CFO sold 4,161 shares and the COO sold 5,698 shares, with 18,230 shares sold over the last 90 days; insiders now own 0.14% of the stock.
• Analysts have lifted price targets and EOG has a consensus rating of Moderate Buy with a mean price target of $153.68; the stock trades near $139 and yields about 2.9%.

FSA Advisors Inc. purchased a new position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 49,178 shares of the energy exploration company's stock, valued at approximately $5,164,000. EOG Resources makes up approximately 0.9% of FSA Advisors Inc.'s portfolio, making the stock its 27th largest position.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. JCIC Asset Management Inc. acquired a new position in EOG Resources during the 3rd quarter worth approximately $32,000. Olistico Wealth LLC acquired a new position in EOG Resources during the 4th quarter worth approximately $33,000. Physician Wealth Advisors Inc. lifted its position in EOG Resources by 103.0% during the 4th quarter. Physician Wealth Advisors Inc. now owns 335 shares of the energy exploration company's stock worth $35,000 after acquiring an additional 170 shares in the last quarter. Salomon & Ludwin LLC lifted its position in EOG Resources by 122.8% during the 3rd quarter. Salomon & Ludwin LLC now owns 323 shares of the energy exploration company's stock worth $36,000 after acquiring an additional 178 shares in the last quarter. Finally, Mountain Hill Investment Partners Corp. acquired a new position in EOG Resources during the 3rd quarter worth approximately $37,000. 89.91% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO Ann D. Janssen sold 4,161 shares of the company's stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $140.04, for a total transaction of $582,706.44. Following the completion of the transaction, the chief financial officer directly owned 100,246 shares in the company, valued at $14,038,449.84. This represents a 3.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Jeffrey R. Leitzell sold 5,698 shares of the company's stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total value of $856,523.36. Following the transaction, the chief operating officer owned 88,045 shares of the company's stock, valued at approximately $13,234,924.40. The trade was a 6.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 18,230 shares of company stock valued at $2,522,568. 0.14% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Morgan Stanley upped their target price on EOG Resources from $128.00 to $155.00 and gave the company an "equal weight" rating in a research report on Tuesday, April 28th. Piper Sandler upped their target price on EOG Resources from $144.00 to $147.00 and gave the company a "neutral" rating in a research report on Wednesday, April 1st. Wolfe Research upped their target price on EOG Resources from $152.00 to $154.00 and gave the company an "outperform" rating in a research report on Monday, April 6th. Scotiabank upped their target price on EOG Resources from $123.00 to $139.00 and gave the company a "sector perform" rating in a research report on Wednesday, April 22nd. Finally, Capital One Financial upped their target price on EOG Resources from $130.00 to $161.00 and gave the company an "overweight" rating in a research report on Thursday, March 26th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seventeen have issued a Hold rating to the stock. Based on data from MarketBeat, EOG Resources has a consensus rating of "Moderate Buy" and a consensus price target of $153.68.

EOG Resources Price Performance

Shares of EOG opened at $139.09 on Monday. The company has a market cap of $74.51 billion, a P/E ratio of 15.27, a PEG ratio of 1.73 and a beta of 0.27. The stock has a fifty day moving average price of $134.92 and a 200 day moving average price of $117.72. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.63 and a quick ratio of 1.42. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $151.87.

EOG Resources (NYSE:EOG - Get Free Report) last issued its quarterly earnings data on Tuesday, February 24th. The energy exploration company reported $2.27 EPS for the quarter, topping analysts' consensus estimates of $2.20 by $0.07. The firm had revenue of $5.64 billion during the quarter, compared to the consensus estimate of $5.36 billion. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.The firm's revenue was up .9% on a year-over-year basis. During the same period in the prior year, the business earned $2.74 EPS. On average, research analysts forecast that EOG Resources, Inc. will post 14.75 earnings per share for the current year.

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Thursday, April 16th were paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Thursday, April 16th. EOG Resources's dividend payout ratio is presently 44.79%.

EOG Resources Profile

EOG Resources, Inc NYSE: EOG is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG's core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.

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