Marshall Financial Group LLC Purchases New Shares in EOG Resources, Inc. $EOG

Key Points

• Marshall Financial Group opened a new stake in EOG by buying 7,780 shares worth about $817,000 in Q4, and institutional investors now own roughly 89.91% of the company.
• Company insiders have been net sellers — COO Jeffrey Leitzell sold 2,000 shares at $130 and CFO Ann Janssen sold 4,161 at $140.04 — with 14,532 shares (≈$1.88M) sold in the last 90 days and insiders now holding just 0.13% of stock.
• Wall Street gives EOG a consensus rating of "Hold" with a $138.23 price target despite a recent quarterly beat (EPS $2.27 vs. $2.20) and a declared quarterly dividend of $1.02 (annualized $4.08, ~2.9% yield).

Marshall Financial Group LLC purchased a new position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 7,780 shares of the energy exploration company's stock, valued at approximately $817,000.

A number of other hedge funds have also recently added to or reduced their stakes in EOG. Hemington Wealth Management increased its position in EOG Resources by 7.2% in the 3rd quarter. Hemington Wealth Management now owns 1,383 shares of the energy exploration company's stock valued at $155,000 after acquiring an additional 93 shares in the last quarter. Bollard Group LLC lifted its position in shares of EOG Resources by 0.8% during the third quarter. Bollard Group LLC now owns 11,747 shares of the energy exploration company's stock worth $1,317,000 after purchasing an additional 93 shares in the last quarter. apricus wealth LLC lifted its position in shares of EOG Resources by 5.0% during the third quarter. apricus wealth LLC now owns 2,002 shares of the energy exploration company's stock worth $224,000 after purchasing an additional 95 shares in the last quarter. Sowell Financial Services LLC grew its stake in shares of EOG Resources by 1.6% during the third quarter. Sowell Financial Services LLC now owns 6,234 shares of the energy exploration company's stock valued at $699,000 after purchasing an additional 96 shares during the last quarter. Finally, Hardy Reed LLC grew its stake in shares of EOG Resources by 4.5% during the third quarter. Hardy Reed LLC now owns 2,267 shares of the energy exploration company's stock valued at $254,000 after purchasing an additional 97 shares during the last quarter. Institutional investors own 89.91% of the company's stock.

Insiders Place Their Bets

In related news, COO Jeffrey R. Leitzell sold 2,000 shares of the company's stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $130.00, for a total value of $260,000.00. Following the completion of the sale, the chief operating officer owned 88,045 shares in the company, valued at approximately $11,445,850. This represents a 2.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Ann D. Janssen sold 4,161 shares of the stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $140.04, for a total value of $582,706.44. Following the completion of the transaction, the chief financial officer directly owned 100,246 shares in the company, valued at $14,038,449.84. The trade was a 3.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 14,532 shares of company stock valued at $1,877,405. 0.13% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on EOG shares. BMO Capital Markets boosted their price objective on shares of EOG Resources from $120.00 to $140.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 3rd. Johnson Rice decreased their price objective on EOG Resources from $145.00 to $135.00 and set a "hold" rating on the stock in a research report on Friday, December 5th. Susquehanna lowered their target price on EOG Resources from $151.00 to $144.00 and set a "positive" rating for the company in a research note on Thursday, February 26th. UBS Group boosted their target price on EOG Resources from $141.00 to $149.00 and gave the stock a "buy" rating in a research report on Monday, March 2nd. Finally, Barclays upped their price target on EOG Resources from $133.00 to $140.00 and gave the company an "equal weight" rating in a research note on Monday, March 16th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seventeen have assigned a Hold rating to the stock. According to data from MarketBeat, EOG Resources has a consensus rating of "Hold" and a consensus price target of $138.23.

EOG Resources Trading Up 0.6%

Shares of NYSE EOG opened at $139.52 on Tuesday. EOG Resources, Inc. has a fifty-two week low of $101.59 and a fifty-two week high of $141.13. The firm has a market capitalization of $74.85 billion, a P/E ratio of 15.31, a P/E/G ratio of 3.75 and a beta of 0.44. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.63 and a quick ratio of 1.42. The company's 50 day simple moving average is $120.32 and its 200 day simple moving average is $113.04.

EOG Resources (NYSE:EOG - Get Free Report) last released its earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 EPS for the quarter, topping analysts' consensus estimates of $2.20 by $0.07. The firm had revenue of $5.64 billion during the quarter, compared to analyst estimates of $5.36 billion. EOG Resources had a net margin of 22.00% and a return on equity of 18.67%. The business's quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.74 EPS. On average, analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th will be given a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Thursday, April 16th. EOG Resources's dividend payout ratio (DPR) is currently 44.79%.

EOG Resources Profile

EOG Resources, Inc NYSE: EOG is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG's core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.

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