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Crestwood Advisors Group LLC Has $16.50 Million Stock Holdings in EOG Resources, Inc. $EOG

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Key Points

  • Crestwood Advisors Group LLC increased its stake in EOG Resources by 331.8%, adding 120,718 shares to own 157,098 shares worth about $16.5 million at the end of the quarter.
  • EOG beat Q1 estimates on both EPS ($3.41 vs. $3.23) and revenue, generated roughly $1.49 billion of free cash flow, and announced a quarterly dividend of $1.02 (annualized $4.08, ~3.1% yield) alongside opportunistic buybacks.
  • Broker sentiment is generally positive—average rating "Moderate Buy" with an average price target of $153.69—while institutional investors hold ~89.9% of shares even as insiders sold about 18,230 shares last quarter.
  • MarketBeat previews top five stocks to own in June.

Crestwood Advisors Group LLC increased its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 331.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 157,098 shares of the energy exploration company's stock after purchasing an additional 120,718 shares during the period. Crestwood Advisors Group LLC's holdings in EOG Resources were worth $16,497,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in EOG. Capital World Investors lifted its position in shares of EOG Resources by 1.4% in the 3rd quarter. Capital World Investors now owns 54,907,949 shares of the energy exploration company's stock worth $6,156,495,000 after acquiring an additional 782,426 shares during the period. Qube Research & Technologies Ltd bought a new stake in shares of EOG Resources during the third quarter valued at approximately $87,193,000. TD Asset Management Inc increased its position in shares of EOG Resources by 288.1% during the third quarter. TD Asset Management Inc now owns 892,482 shares of the energy exploration company's stock valued at $100,065,000 after purchasing an additional 662,539 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of EOG Resources by 140.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,102,999 shares of the energy exploration company's stock valued at $115,826,000 after purchasing an additional 644,569 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of EOG Resources by 1,697.1% in the fourth quarter. SG Americas Securities LLC now owns 600,024 shares of the energy exploration company's stock valued at $63,009,000 after purchasing an additional 566,635 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on EOG. Capital One Financial raised their target price on EOG Resources from $130.00 to $161.00 and gave the stock an "overweight" rating in a research report on Thursday, March 26th. Weiss Ratings raised EOG Resources from a "hold (c)" rating to a "hold (c+)" rating in a research report on Wednesday, April 29th. Citigroup reduced their target price on EOG Resources from $150.00 to $142.00 and set a "neutral" rating for the company in a research report on Tuesday, April 14th. UBS Group raised their target price on EOG Resources from $141.00 to $149.00 and gave the stock a "buy" rating in a research report on Monday, March 2nd. Finally, Royal Bank Of Canada raised their target price on EOG Resources from $138.00 to $175.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 8th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seventeen have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $153.69.

View Our Latest Analysis on EOG Resources

EOG Resources Stock Down 2.9%

NYSE EOG opened at $130.81 on Friday. The firm has a market cap of $70.07 billion, a PE ratio of 12.87, a price-to-earnings-growth ratio of 1.67 and a beta of 0.27. EOG Resources, Inc. has a one year low of $101.59 and a one year high of $151.87. The stock's 50 day simple moving average is $135.67 and its 200 day simple moving average is $118.32. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.72 and a quick ratio of 1.42.

EOG Resources (NYSE:EOG - Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 EPS for the quarter, topping analysts' consensus estimates of $3.23 by $0.18. The business had revenue of $6.92 billion for the quarter, compared to analyst estimates of $6.18 billion. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.EOG Resources's revenue for the quarter was up 22.1% on a year-over-year basis. During the same period in the prior year, the company earned $2.87 EPS. As a group, sell-side analysts forecast that EOG Resources, Inc. will post 14.81 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Friday, July 17th. EOG Resources's dividend payout ratio (DPR) is presently 40.16%.

Trending Headlines about EOG Resources

Here are the key news stories impacting EOG Resources this week:

Insiders Place Their Bets

In other EOG Resources news, CFO Ann D. Janssen sold 4,161 shares of the stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $140.04, for a total value of $582,706.44. Following the transaction, the chief financial officer directly owned 100,246 shares in the company, valued at approximately $14,038,449.84. This trade represents a 3.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Jeffrey R. Leitzell sold 5,698 shares of the stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total value of $856,523.36. Following the completion of the transaction, the chief operating officer owned 88,045 shares in the company, valued at $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. Insiders sold a total of 18,230 shares of company stock worth $2,522,568 over the last quarter. Corporate insiders own 0.14% of the company's stock.

About EOG Resources

(Free Report)

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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Want to see what other hedge funds are holding EOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EOG Resources, Inc. (NYSE:EOG - Free Report).

Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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