Lindbrook Capital LLC Grows Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

Lindbrook Capital LLC lifted its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 74.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,132 shares of the energy exploration company's stock after buying an additional 2,193 shares during the period. Lindbrook Capital LLC's holdings in EOG Resources were worth $658,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Teachers Retirement System of The State of Kentucky increased its holdings in shares of EOG Resources by 3.0% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 43,346 shares of the energy exploration company's stock worth $5,559,000 after buying an additional 1,245 shares during the last quarter. Atlantic Union Bankshares Corp increased its holdings in EOG Resources by 4.8% in the 1st quarter. Atlantic Union Bankshares Corp now owns 30,162 shares of the energy exploration company's stock valued at $3,868,000 after purchasing an additional 1,384 shares during the last quarter. IFP Advisors Inc increased its holdings in EOG Resources by 84.3% in the 1st quarter. IFP Advisors Inc now owns 24,185 shares of the energy exploration company's stock valued at $3,102,000 after purchasing an additional 11,064 shares during the last quarter. OneAscent Financial Services LLC increased its holdings in EOG Resources by 67.1% in the 1st quarter. OneAscent Financial Services LLC now owns 3,236 shares of the energy exploration company's stock valued at $416,000 after purchasing an additional 1,300 shares during the last quarter. Finally, Berkeley Capital Partners LLC boosted its position in EOG Resources by 7.5% in the 1st quarter. Berkeley Capital Partners LLC now owns 13,879 shares of the energy exploration company's stock valued at $1,780,000 after buying an additional 964 shares during the period. Institutional investors and hedge funds own 89.91% of the company's stock.

EOG Resources Trading Down 0.7%

Shares of EOG opened at $117.63 on Monday. The company has a current ratio of 1.87, a quick ratio of 1.71 and a debt-to-equity ratio of 0.12. The firm's 50-day moving average is $117.82 and its two-hundred day moving average is $121.26. EOG Resources, Inc. has a twelve month low of $102.52 and a twelve month high of $138.18. The firm has a market capitalization of $64.20 billion, a P/E ratio of 10.91, a PEG ratio of 9.22 and a beta of 0.76.

EOG Resources (NYSE:EOG - Get Free Report) last issued its earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share 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 net margin of 26.14% and a return on equity of 22.35%. The firm's revenue for the quarter was down 7.4% compared to the same quarter last year. During the same period in the prior year, the business posted $2.82 earnings per share. On average, research 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 declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 17th will be given a $1.02 dividend. The ex-dividend date is Friday, October 17th. This is a positive change from EOG Resources's previous quarterly dividend of $0.98. This represents a $4.08 annualized dividend and a dividend yield of 3.47%. EOG Resources's dividend payout ratio is currently 36.18%.

Wall Street Analyst Weigh In

Several equities analysts have commented on EOG shares. KeyCorp decreased their price target on shares of EOG Resources from $150.00 to $140.00 and set an "overweight" rating for the company in a research report on Monday, April 21st. Morgan Stanley set a $135.00 price target on shares of EOG Resources and gave the company an "equal weight" rating in a research report on Monday, June 2nd. Stephens began coverage on shares of EOG Resources in a research report on Tuesday, June 17th. They issued an "equal weight" rating and a $137.00 price target for the company. Wells Fargo & Company reaffirmed an "overweight" rating on shares of EOG Resources in a research report on Sunday, June 22nd. Finally, Roth Capital downgraded shares of EOG Resources from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $140.00 to $134.00 in a research note on Wednesday, July 9th. Twelve analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $139.81.

Insider Activity at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 3,951 shares of the stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $119.65, for a total value of $472,737.15. Following the sale, the chief operating officer directly owned 45,739 shares in the company, valued at $5,472,671.35. This represents a 7.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is owned by corporate insiders.

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.

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