EOG Resources, Inc. $EOG Shares Purchased by Ashton Thomas Private Wealth LLC

Key Points

• Ashton Thomas Private Wealth LLC increased its stake in EOG Resources by 56.3%, acquiring an additional 35,935 shares to hold 99,732 shares worth about $10.47 million.
• EOG beat estimates last quarter, reporting EPS of $2.27 versus the $2.20 consensus and revenue of $5.64 billion versus $5.36 billion expected.
• The company announced a quarterly dividend of $1.02 (annualized $4.08) yielding about 3.1%, with an ex-dividend date of April 16 and payment on April 30.

Ashton Thomas Private Wealth LLC boosted its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 56.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 99,732 shares of the energy exploration company's stock after purchasing an additional 35,935 shares during the quarter. Ashton Thomas Private Wealth LLC's holdings in EOG Resources were worth $10,473,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of EOG. Sivia Capital Partners LLC acquired a new position in shares of EOG Resources during the 2nd quarter valued at about $258,000. Quantbot Technologies LP acquired a new position in shares of EOG Resources during the 2nd quarter valued at about $349,000. Gamco Investors INC. ET AL increased its stake in shares of EOG Resources by 216.1% during the 2nd quarter. Gamco Investors INC. ET AL now owns 6,560 shares of the energy exploration company's stock valued at $785,000 after acquiring an additional 4,485 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of EOG Resources by 2.0% during the 2nd quarter. NewEdge Advisors LLC now owns 22,780 shares of the energy exploration company's stock valued at $2,725,000 after acquiring an additional 444 shares during the last quarter. Finally, Sei Investments Co. increased its stake in shares of EOG Resources by 4.4% during the 2nd quarter. Sei Investments Co. now owns 362,446 shares of the energy exploration company's stock valued at $43,356,000 after acquiring an additional 15,250 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company's stock.

EOG Resources Stock Down 0.0%

Shares of NYSE:EOG opened at $133.09 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.42 and a current ratio of 1.63. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year high of $151.87. The stock has a market capitalization of $71.30 billion, a P/E ratio of 14.61, a PEG ratio of 2.65 and a beta of 0.32. The stock has a 50-day simple moving average of $133.68 and a 200-day simple moving average of $116.95.

EOG Resources (NYSE:EOG - Get Free Report) last issued its earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.20 by $0.07. The business had revenue of $5.64 billion during the quarter, compared to analysts' expectations of $5.36 billion. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.The company's revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.74 EPS. Equities analysts forecast that EOG Resources, Inc. will post 13.45 earnings per share for the current year.

EOG Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th will be given a $1.02 dividend. The ex-dividend date of this dividend is Thursday, April 16th. This represents a $4.08 annualized dividend and a yield of 3.1%. EOG Resources's dividend payout ratio (DPR) is 44.79%.

Insider Activity at EOG Resources

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

Wall Street Analysts Forecast Growth

EOG has been the subject of a number of research analyst reports. Royal Bank Of Canada upped their price objective on shares of EOG Resources from $138.00 to $175.00 and gave the company an "outperform" rating in a research note on Wednesday, April 8th. Raymond James Financial upped their price objective on shares of EOG Resources from $157.00 to $185.00 and gave the company a "strong-buy" rating in a research note on Friday, March 27th. Zacks Research raised shares of EOG Resources from a "strong sell" rating to a "hold" rating in a research note on Monday, March 2nd. Capital One Financial upped their price objective on shares of EOG Resources from $130.00 to $161.00 and gave the company an "overweight" rating in a research note on Thursday, March 26th. Finally, Mizuho boosted their target price on EOG Resources from $146.00 to $147.00 and gave the stock a "neutral" rating in a report on Wednesday, April 1st. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eighteen have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $153.68.

About EOG Resources

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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