Segment Wealth Management LLC Acquires 2,685 Shares of EOG Resources, Inc. (NYSE:EOG)

Segment Wealth Management LLC raised its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 2.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 120,145 shares of the energy exploration company's stock after buying an additional 2,685 shares during the period. Segment Wealth Management LLC's holdings in EOG Resources were worth $15,407,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Mainstream Capital Management LLC bought a new position in shares of EOG Resources during the fourth quarter valued at about $25,000. Lee Danner & Bass Inc. bought a new position in shares of EOG Resources during the fourth quarter valued at about $28,000. Heritage Wealth Advisors lifted its position in shares of EOG Resources by 562.2% during the fourth quarter. Heritage Wealth Advisors now owns 245 shares of the energy exploration company's stock valued at $30,000 after purchasing an additional 208 shares in the last quarter. Ameriflex Group Inc. bought a new position in shares of EOG Resources during the fourth quarter valued at about $36,000. Finally, Kohmann Bosshard Financial Services LLC bought a new position in shares of EOG Resources during the fourth quarter valued at about $40,000. 89.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

EOG has been the subject of a number of research analyst reports. Royal Bank Of Canada restated an "outperform" rating and set a $145.00 price objective on shares of EOG Resources in a report on Friday. Piper Sandler decreased their price objective on shares of EOG Resources from $135.00 to $133.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Susquehanna reduced their target price on shares of EOG Resources from $161.00 to $156.00 and set a "positive" rating for the company in a research note on Tuesday, April 22nd. Raymond James Financial lifted their target price on shares of EOG Resources from $148.00 to $158.00 and gave the stock a "strong-buy" rating in a research note on Monday, June 2nd. Finally, Jefferies Financial Group reiterated a "buy" rating and issued a $148.00 target price (up previously from $144.00) on shares of EOG Resources in a research note on Friday, June 13th. Twelve equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, EOG Resources has a consensus rating of "Moderate Buy" and an average price target of $139.48.

EOG Resources Price Performance

EOG Resources stock traded up $1.62 during mid-day trading on Friday, hitting $125.40. 11,228,066 shares of the company traded hands, compared to its average volume of 3,390,258. EOG Resources, Inc. has a one year low of $102.52 and a one year high of $138.18. The stock has a market cap of $68.44 billion, a price-to-earnings ratio of 11.63, a price-to-earnings-growth ratio of 10.11 and a beta of 0.74. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.71 and a current ratio of 1.87. The stock has a fifty day moving average price of $113.49 and a 200-day moving average price of $121.62.

EOG Resources (NYSE:EOG - Get Free Report) last announced 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 net margin of 26.14% and a return on equity of 22.35%. The business had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.92 billion. During the same period in the previous year, the business posted $2.82 earnings per share. EOG Resources's revenue for the quarter was down 7.4% on a year-over-year basis. On average, equities analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Increases Dividend

The firm 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 3.25%. This is a positive change from EOG Resources's previous quarterly dividend of $0.98. The ex-dividend date is Friday, October 17th. EOG Resources's payout ratio is presently 36.18%.

Insider Transactions at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of the business's stock in a transaction that occurred 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 sale, the chief operating officer now directly owns 47,732 shares in the company, valued at approximately $6,098,240.32. The trade was a 7.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.13% of the company's stock.

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.