D.A. Davidson & CO. lifted its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 5.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 218,983 shares of the energy exploration company's stock after buying an additional 10,747 shares during the period. D.A. Davidson & CO.'s holdings in EOG Resources were worth $28,082,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also made changes to their positions in EOG. Mainstream Capital Management LLC acquired a new stake in shares of EOG Resources during the 4th quarter worth approximately $25,000. Lee Danner & Bass Inc. acquired a new stake in shares of EOG Resources during the 4th quarter worth approximately $28,000. Heritage Wealth Advisors increased its holdings in shares of EOG Resources by 562.2% during the 4th quarter. Heritage Wealth Advisors now owns 245 shares of the energy exploration company's stock worth $30,000 after buying an additional 208 shares during the last quarter. Alpine Bank Wealth Management acquired a new stake in shares of EOG Resources during the 1st quarter worth approximately $34,000. Finally, Ameriflex Group Inc. acquired a new stake in shares of EOG Resources during the 4th quarter worth approximately $36,000. Institutional investors and hedge funds own 89.91% of the company's stock.
Insider Buying and Selling at EOG Resources
In related news, COO Jeffrey R. Leitzell sold 3,951 shares of the business's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $119.65, for a total value of $472,737.15. Following the completion of the sale, the chief operating officer directly owned 45,739 shares of the company's stock, valued at $5,472,671.35. The trade was a 7.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.13% of the company's stock.
Analysts Set New Price Targets
EOG has been the subject of a number of research analyst reports. Bank of America lowered their price objective on shares of EOG Resources from $125.00 to $124.00 and set a "neutral" rating for the company in a research report on Friday, May 23rd. JPMorgan Chase & Co. lowered their price objective on shares of EOG Resources from $149.00 to $132.00 and set a "neutral" rating for the company in a research report on Thursday, March 13th. Piper Sandler lowered their price objective on shares of EOG Resources from $135.00 to $133.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. Raymond James Financial increased their price objective on shares of EOG Resources from $148.00 to $158.00 and gave the stock a "strong-buy" rating in a research report on Monday, June 2nd. Finally, UBS Group reaffirmed a "buy" rating and set a $140.00 price objective (up previously from $135.00) on shares of EOG Resources in a research report on Tuesday, June 3rd. Twelve research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, EOG Resources presently has a consensus rating of "Moderate Buy" and an average target price of $139.48.
View Our Latest Research Report on EOG
EOG Resources Stock Up 1.3%
Shares of EOG traded up $1.63 during midday trading on Friday, reaching $124.51. The stock had a trading volume of 1,437,151 shares, compared to its average volume of 3,404,661. EOG Resources, Inc. has a 1-year low of $102.52 and a 1-year high of $138.18. The company's fifty day simple moving average is $115.78 and its two-hundred day simple moving average is $121.28. The company has a market cap of $67.95 billion, a price-to-earnings ratio of 11.55, a PEG ratio of 9.94 and a beta of 0.76. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.87 and a quick ratio of 1.71.
EOG Resources (NYSE:EOG - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share for the quarter, beating analysts' consensus estimates of $2.75 by $0.12. EOG Resources had a net margin of 26.14% and a return on equity of 22.35%. The business had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.92 billion. During the same period last year, the business earned $2.82 EPS. The company's revenue was down 7.4% on a year-over-year basis. Equities research analysts expect that EOG Resources, Inc. will post 11.47 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, October 31st. Stockholders of record on Friday, October 17th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.28%. This is a positive change from EOG Resources's previous quarterly dividend of $0.98. The ex-dividend date of this dividend is Friday, October 17th. EOG Resources's dividend payout ratio (DPR) is presently 36.18%.
About EOG Resources
(
Free Report)
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.
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