4,808 Shares in EOG Resources, Inc. (NYSE:EOG) Purchased by Kathmere Capital Management LLC

Kathmere Capital Management LLC purchased a new position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,808 shares of the energy exploration company's stock, valued at approximately $617,000.

Other large investors also recently added to or reduced their stakes in the company. Silvercrest Asset Management Group LLC lifted its stake in EOG Resources by 14.8% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 826,038 shares of the energy exploration company's stock worth $101,256,000 after purchasing an additional 106,677 shares in the last quarter. CWA Asset Management Group LLC raised its stake in shares of EOG Resources by 15.3% in the first quarter. CWA Asset Management Group LLC now owns 20,344 shares of the energy exploration company's stock valued at $2,609,000 after acquiring an additional 2,697 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of EOG Resources by 37.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 162,603 shares of the energy exploration company's stock valued at $20,852,000 after acquiring an additional 44,687 shares in the last quarter. ARGA Investment Management LP raised its stake in shares of EOG Resources by 24.2% in the first quarter. ARGA Investment Management LP now owns 13,441 shares of the energy exploration company's stock valued at $1,724,000 after acquiring an additional 2,616 shares in the last quarter. Finally, Pinnacle Financial Partners Inc raised its stake in shares of EOG Resources by 4.7% in the first quarter. Pinnacle Financial Partners Inc now owns 182,634 shares of the energy exploration company's stock valued at $23,032,000 after acquiring an additional 8,127 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Stock Performance

Shares of EOG stock traded up $1.35 during mid-day trading on Friday, hitting $123.08. 2,215,902 shares of the stock were exchanged, compared to its average volume of 3,416,102. The stock's fifty day simple moving average is $116.79 and its two-hundred day simple moving average is $121.34. The stock has a market capitalization of $67.17 billion, a price-to-earnings ratio of 11.42, a P/E/G ratio of 9.93 and a beta of 0.76. 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 quick ratio of 1.71 and a current ratio of 1.87.

EOG Resources (NYSE:EOG - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share (EPS) for the quarter, topping 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 return on equity of 22.35% and a net margin of 26.14%. The business's quarterly revenue was down 7.4% compared to the same quarter last year. During the same quarter last year, the company posted $2.82 earnings per share. On average, analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current 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 issued 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 annualized dividend and a dividend yield of 3.31%. EOG Resources's dividend payout ratio (DPR) is presently 36.18%.

Insider Activity

In related news, COO Jeffrey R. Leitzell sold 3,951 shares of the firm's 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 transaction, the chief operating officer owned 45,739 shares of the company's stock, valued at $5,472,671.35. This trade represents a 7.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on EOG shares. Wells Fargo & Company reiterated an "overweight" rating on shares of EOG Resources in a research note on Sunday, June 22nd. Jefferies Financial Group reiterated a "buy" rating and issued a $148.00 price objective (up from $144.00) on shares of EOG Resources in a research note on Friday, June 13th. Piper Sandler reduced their price objective 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. Bank of America reduced their price objective on EOG Resources from $125.00 to $124.00 and set a "neutral" rating on the stock in a research note on Friday, May 23rd. Finally, Citigroup reduced their price objective 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. Thirteen research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, EOG Resources has a consensus rating of "Hold" and an average target price of $139.00.

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.