Foundry Partners LLC Acquires 33,063 Shares of EOG Resources, Inc. (NYSE:EOG)

Foundry Partners LLC raised its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 28.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 151,212 shares of the energy exploration company's stock after acquiring an additional 33,063 shares during the quarter. EOG Resources makes up approximately 1.0% of Foundry Partners LLC's portfolio, making the stock its 27th biggest position. Foundry Partners LLC's holdings in EOG Resources were worth $19,391,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Lee Danner & Bass Inc. purchased a new stake in EOG Resources in the fourth quarter valued at approximately $28,000. Heritage Wealth Advisors raised its stake 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 worth $30,000 after purchasing an additional 208 shares during the last quarter. Alpine Bank Wealth Management purchased a new position in EOG Resources in the first quarter worth $34,000. Ameriflex Group Inc. purchased a new position in EOG Resources in the fourth quarter worth $36,000. Finally, 10Elms LLP acquired a new stake in EOG Resources in the fourth quarter valued at $44,000. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources Price Performance

Shares of EOG traded down $0.80 during mid-day trading on Friday, reaching $117.63. The company had a trading volume of 5,901,937 shares, compared to its average volume of 3,432,992. The company has a market capitalization of $64.20 billion, a P/E ratio of 10.91, a P/E/G ratio of 9.44 and a beta of 0.76. EOG Resources, Inc. has a twelve month low of $102.52 and a twelve month high of $138.18. The company's 50-day moving average is $117.82 and its 200-day moving average is $121.28. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.87 and a quick ratio of 1.71.

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

EOG Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 17th will be issued a dividend of $1.02 per share. The ex-dividend date is Friday, October 17th. This represents a $4.08 dividend on an annualized basis and a yield of 3.47%. This is a boost from EOG Resources's previous quarterly dividend of $0.98. EOG Resources's dividend payout ratio (DPR) is presently 36.18%.

Insider Buying and Selling

In related news, COO Jeffrey R. Leitzell sold 3,951 shares of EOG Resources stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $119.65, for a total transaction 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 trade represents a 7.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on EOG shares. Scotiabank raised EOG Resources from a "sector perform" rating to a "sector outperform" rating and decreased their price objective for the company from $150.00 to $130.00 in a research note on Friday, April 11th. Royal Bank Of Canada reduced their target price on EOG Resources from $145.00 to $140.00 and set an "outperform" rating on the stock in a research report on Tuesday, July 8th. Piper Sandler reduced their target price on EOG Resources from $138.00 to $136.00 and set a "neutral" rating on the stock in a research report on Thursday. Barclays increased their target price on EOG Resources from $137.00 to $140.00 and gave the stock an "equal weight" rating in a research report on Monday, June 2nd. Finally, Wells Fargo & Company reiterated an "overweight" rating on shares of EOG Resources in a research report on Sunday, June 22nd. 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 MarketBeat.com, EOG Resources currently has a consensus rating of "Moderate Buy" and an average target price of $139.81.

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.