55,247 Shares of EOG Resources, Inc. $EOG Bought by Leuthold Group LLC

Leuthold Group LLC purchased a new position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 55,247 shares of the energy exploration company's stock, valued at approximately $7,611,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EOG. StoneRidge PMG Advisors LLC acquired a new position in shares of EOG Resources during the third quarter valued at approximately $432,000. Bryn Mawr Trust Advisors LLC boosted its stake in shares of EOG Resources by 8.4% in the third quarter. Bryn Mawr Trust Advisors LLC now owns 8,878 shares of the energy exploration company's stock worth $1,223,000 after acquiring an additional 688 shares during the last quarter. Avantax Planning Partners Inc. boosted its stake in shares of EOG Resources by 0.5% in the third quarter. Avantax Planning Partners Inc. now owns 39,886 shares of the energy exploration company's stock worth $5,495,000 after acquiring an additional 195 shares during the last quarter. Uhlmann Price Securities LLC boosted its stake in shares of EOG Resources by 23.6% in the third quarter. Uhlmann Price Securities LLC now owns 6,006 shares of the energy exploration company's stock worth $827,000 after acquiring an additional 1,146 shares during the last quarter. Finally, Ethic Inc. increased its position in shares of EOG Resources by 40.1% during the third quarter. Ethic Inc. now owns 9,466 shares of the energy exploration company's stock worth $1,304,000 after purchasing an additional 2,711 shares in the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on EOG. Stifel Nicolaus started coverage on EOG Resources in a research note on Thursday, September 10th. They issued a "hold" rating and a $158.00 price objective for the company. Zacks Research raised shares of EOG Resources from a "hold" rating to a "strong-buy" rating in a research note on Friday, October 16th. Truist Financial set a $166.00 price objective on shares of EOG Resources and gave the company a "hold" rating in a research note on Friday. Capital One Financial cut shares of EOG Resources from an "overweight" rating to an "equal weight" rating and set a $153.00 price objective for the company. in a research note on Wednesday, August 26th. Finally, The Goldman Sachs Group reiterated a "neutral" rating and issued a $151.00 price objective (up from $127.00) on shares of EOG Resources in a report on Monday, August 24th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seventeen have given a Hold rating to the company. According to MarketBeat.com, EOG Resources has a consensus rating of "Hold" and a consensus target price of $161.96.

EOG Resources Stock Up 0.7%

Shares of NYSE:EOG opened at $148.23 on Tuesday. The company has a quick ratio of 1.68, a current ratio of 1.85 and a debt-to-equity ratio of 0.25. The business has a fifty day moving average of $149.41 and a two-hundred day moving average of $138.03. The stock has a market cap of $77.75 billion, a P/E ratio of 10.93, a PEG ratio of 0.52 and a beta of 0.27. EOG Resources, Inc. has a 52-week low of $101.59 and a 52-week high of $165.93.

EOG Resources (NYSE:EOG - Get Free Report) last issued its earnings results on Thursday, November 5th. The energy exploration company reported $4.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.45 by $0.42. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%. The business had revenue of $8.55 billion during the quarter, compared to the consensus estimate of $7.26 billion. During the same period last year, the company earned $2.71 EPS. The company's revenue for the quarter was up 46.2% on a year-over-year basis. On average, research analysts expect that EOG Resources, Inc. will post 17.72 earnings per share for the current year.

EOG Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 29th. Investors of record on Friday, January 15th will be issued a $1.10 dividend. This is an increase from EOG Resources's previous quarterly dividend of $1.02. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, January 15th. EOG Resources's payout ratio is currently 26.36%.

Insider Activity at EOG Resources

In related news, EVP Michael Donaldson sold 7,336 shares of the firm's stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $148.00, for a total transaction of $1,085,728.00. Following the completion of the sale, the executive vice president directly owned 100,558 shares in the company, valued at approximately $14,882,584. This trade represents a 6.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Jeffrey Leitzell sold 9,039 shares of EOG Resources stock in a transaction dated Friday, September 25th. The stock was sold at an average price of $140.61, for a total transaction of $1,270,973.79. Following the transaction, the chief operating officer directly owned 90,790 shares in the company, valued at $12,765,981.90. This trade represents a 9.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 52,317 shares of company stock valued at $7,823,480. 0.14% of the stock is owned by company insiders.

EOG Resources Company Profile

EOG Resources is an independent energy company focused on exploring for, developing and producing crude oil, natural gas and natural gas liquids. Its operations include drilling and managing wells, with a focus on resources in shale and other tight-rock formations.

The company's activities are concentrated in the United States, including major producing regions such as the Permian Basin and Eagle Ford. EOG also has international operations, including in Trinidad and Tobago and the United Arab Emirates.

Founded in 1985 as Enron Oil & Gas, the company became independent in 1999 and adopted the name EOG Resources.

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