EOG Resources, Inc. (NYSE:EOG) Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lifted its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 37.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 162,603 shares of the energy exploration company's stock after purchasing an additional 44,687 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in EOG Resources were worth $20,852,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in EOG. Mainstream Capital Management LLC acquired a new position in EOG Resources in the 4th quarter valued at about $25,000. Lee Danner & Bass Inc. acquired a new position in EOG Resources during the 4th quarter worth approximately $28,000. Heritage Wealth Advisors grew its holdings in shares of EOG Resources by 562.2% in the 4th quarter. Heritage Wealth Advisors now owns 245 shares of the energy exploration company's stock worth $30,000 after acquiring an additional 208 shares during the period. Ameriflex Group Inc. acquired a new stake in shares of EOG Resources in the 4th quarter worth approximately $36,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in shares of EOG Resources in the 4th quarter worth approximately $40,000. Institutional investors and hedge funds own 89.91% of the company's stock.

Insiders Place Their Bets

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of the company's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total transaction of $515,767.12. Following the completion of the transaction, the chief operating officer now owns 47,732 shares of the company's stock, valued at approximately $6,098,240.32. This represents a 7.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.13% of the company's stock.

EOG Resources Price Performance

NYSE EOG opened at $125.40 on Friday. EOG Resources, Inc. has a 12 month low of $102.52 and a 12 month high of $138.18. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.87 and a quick ratio of 1.71. The firm has a market capitalization of $68.44 billion, a PE ratio of 11.63, a P/E/G ratio of 10.24 and a beta of 0.74. The company's 50 day simple moving average is $113.49 and its 200 day simple moving average is $121.56.

EOG Resources (NYSE:EOG - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The energy exploration company reported $2.87 EPS for the quarter, beating analysts' consensus estimates of $2.75 by $0.12. The business had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.92 billion. EOG Resources had a net margin of 26.14% and a return on equity of 22.35%. The business's revenue for the quarter was down 7.4% on a year-over-year basis. During the same quarter last year, the business earned $2.82 earnings per share. As a group, equities research analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 17th will be given a dividend of $1.02 per share. This is a positive change from EOG Resources's previous quarterly dividend of $0.98. The ex-dividend date is Friday, October 17th. This represents a $4.08 dividend on an annualized basis and a yield of 3.25%. EOG Resources's payout ratio is currently 36.18%.

Analyst Ratings Changes

EOG has been the topic of a number of research reports. Jefferies Financial Group restated a "buy" rating and issued a $148.00 price target (up previously from $144.00) on shares of EOG Resources in a report on Friday, June 13th. Mizuho reduced their target price on EOG Resources from $140.00 to $134.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. Citigroup reduced their target price on EOG Resources from $134.00 to $125.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. Wells Fargo & Company upped their target price on EOG Resources from $146.00 to $148.00 and gave the company an "overweight" rating in a research note on Monday, June 16th. Finally, Piper Sandler reduced their target price on EOG Resources from $135.00 to $133.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. Twelve research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $139.48.

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.

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