EOG Resources, Inc. (NYSE:EOG) Shares Acquired by Foster & Motley Inc.

Key Points

• Foster & Motley Inc. increased its stake in EOG Resources, Inc. by 8.9% during the first quarter, bringing its total holdings to $5.28 million.
• EOG Resources has recently reported earnings of $2.87 per share, surpassing estimates, though its revenue declined by 7.4% year-over-year.
• The company announced an increase in its quarterly dividend to $1.02 per share, providing an annual yield of 3.31%, set to be paid on October 31st.

Foster & Motley Inc. lifted its stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 8.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 41,170 shares of the energy exploration company's stock after acquiring an additional 3,373 shares during the quarter. Foster & Motley Inc.'s holdings in EOG Resources were worth $5,280,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Bank Pictet & Cie Europe AG raised its stake in EOG Resources by 56.3% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 248,399 shares of the energy exploration company's stock worth $30,449,000 after buying an additional 89,521 shares in the last quarter. New Age Alpha Advisors LLC purchased a new position in EOG Resources in the fourth quarter worth $1,110,000. Summit Financial LLC grew its holdings in EOG Resources by 15.6% in the fourth quarter. Summit Financial LLC now owns 16,689 shares of the energy exploration company's stock worth $2,046,000 after purchasing an additional 2,251 shares during the last quarter. HighPoint Advisor Group LLC grew its holdings in EOG Resources by 10.3% in the fourth quarter. HighPoint Advisor Group LLC now owns 7,254 shares of the energy exploration company's stock worth $960,000 after purchasing an additional 678 shares during the last quarter. Finally, Diametric Capital LP purchased a new position in EOG Resources in the fourth quarter worth $909,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EOG has been the topic of several analyst reports. Mizuho cut their price target on shares of EOG Resources from $140.00 to $134.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Piper Sandler cut their price target on shares of EOG Resources from $138.00 to $136.00 and set a "neutral" rating on the stock in a report on Thursday, July 17th. Jefferies Financial Group reaffirmed a "buy" rating and issued a $148.00 price target (up from $144.00) on shares of EOG Resources in a report on Friday, June 13th. Scotiabank raised shares of EOG Resources from a "sector perform" rating to a "sector outperform" rating and cut their price target for the stock from $150.00 to $130.00 in a report on Friday, April 11th. Finally, UBS Group reaffirmed a "buy" rating and issued a $140.00 price target (up from $135.00) on shares of EOG Resources in a report on Tuesday, June 3rd. Twelve investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $140.62.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 3,951 shares of the company's stock in a transaction dated 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 transaction, the chief operating officer owned 45,739 shares in the company, valued at approximately $5,472,671.35. This represents a 7.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.13% of the company's stock.

EOG Resources Stock Performance

NYSE:EOG traded down $1.14 during mid-day trading on Thursday, hitting $120.10. The company's stock had a trading volume of 2,657,234 shares, compared to its average volume of 2,769,151. EOG Resources, Inc. has a 1 year low of $102.52 and a 1 year 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 stock has a market cap of $65.55 billion, a price-to-earnings ratio of 11.14, a PEG ratio of 9.31 and a beta of 0.76. The business's fifty day moving average is $118.83 and its two-hundred day moving average is $120.78.

EOG Resources (NYSE:EOG - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The energy exploration company reported $2.87 EPS for the quarter, beating the consensus estimate of $2.75 by $0.12. The company 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 firm's revenue was down 7.4% on a year-over-year basis. During the same period in the prior year, the company earned $2.82 earnings per share. Analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 17th will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.4%. This is an increase from EOG Resources's previous quarterly dividend of $0.98. The ex-dividend date is Friday, October 17th. EOG Resources's payout ratio is currently 36.18%.

EOG Resources Profile

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.