EOG Resources, Inc. (NYSE:EOG) Shares Bought by Demars Financial Group LLC

Demars Financial Group LLC lifted its stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 7.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 690,678 shares of the energy exploration company's stock after purchasing an additional 47,522 shares during the quarter. Demars Financial Group LLC owned 0.13% of EOG Resources worth $88,573,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital World Investors increased its stake in EOG Resources by 5.2% in the 4th quarter. Capital World Investors now owns 45,919,327 shares of the energy exploration company's stock worth $5,628,497,000 after acquiring an additional 2,270,013 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of EOG Resources by 4.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 18,192,314 shares of the energy exploration company's stock worth $2,230,014,000 after purchasing an additional 781,282 shares in the last quarter. Geode Capital Management LLC increased its position in shares of EOG Resources by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 12,549,802 shares of the energy exploration company's stock valued at $1,541,282,000 after purchasing an additional 234,067 shares during the last quarter. Northern Trust Corp increased its position in shares of EOG Resources by 2.9% during the 4th quarter. Northern Trust Corp now owns 5,719,012 shares of the energy exploration company's stock valued at $701,036,000 after purchasing an additional 159,216 shares during the last quarter. Finally, Alliancebernstein L.P. increased its position in shares of EOG Resources by 6.9% during the 4th quarter. Alliancebernstein L.P. now owns 5,686,003 shares of the energy exploration company's stock valued at $696,990,000 after purchasing an additional 365,115 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total value of $515,767.12. Following the completion of the transaction, the chief operating officer now owns 47,732 shares in the company, valued at $6,098,240.32. The trade was a 7.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.13% of the company's stock.

Analyst Ratings Changes

EOG has been the topic of several recent research reports. Piper Sandler reduced their price objective on EOG Resources from $135.00 to $133.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. reduced their price objective on EOG Resources from $149.00 to $132.00 and set a "neutral" rating on the stock in a research report on Thursday, March 13th. UBS Group restated a "buy" rating and set a $140.00 target price (up from $135.00) on shares of EOG Resources in a report on Tuesday, June 3rd. Wells Fargo & Company increased their target price on EOG Resources from $146.00 to $148.00 and gave the company an "overweight" rating in a report on Monday. Finally, Morgan Stanley set a $135.00 price objective on EOG Resources and gave the stock an "equal weight" rating in a report on Monday, June 2nd. Twelve investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $139.95.

EOG Resources Stock Down 0.7%

Shares of EOG stock traded down $0.85 during trading hours on Wednesday, reaching $123.79. 4,553,001 shares of the company's stock were exchanged, compared to its average volume of 3,355,217. The stock's 50 day moving average is $112.57 and its 200-day moving average is $121.70. The company has a market cap of $67.56 billion, a price-to-earnings ratio of 11.48, a P/E/G ratio of 10.18 and a beta of 0.74. The company has a current ratio of 1.87, a quick ratio of 1.71 and a debt-to-equity ratio of 0.12. EOG Resources, Inc. has a fifty-two week low of $102.52 and a fifty-two week high of $138.18.

EOG Resources (NYSE:EOG - Get Free Report) last released its earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.75 by $0.12. EOG Resources had a return on equity of 22.35% and a net margin of 26.14%. The firm had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.92 billion. During the same period in the prior year, the firm earned $2.82 EPS. The firm's revenue was down 7.4% on a year-over-year basis. Analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 17th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, October 17th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.30%. This is an increase from EOG Resources's previous quarterly dividend of $0.98. EOG Resources's dividend payout ratio (DPR) is currently 36.18%.

About EOG Resources

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.