EOG Resources, Inc. (NYSE:EOG) Shares Purchased by ORG Wealth Partners LLC

ORG Wealth Partners LLC increased its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 7,171.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,671 shares of the energy exploration company's stock after acquiring an additional 9,538 shares during the period. ORG Wealth Partners LLC's holdings in EOG Resources were worth $1,254,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Silvercrest Asset Management Group LLC grew its position in shares of EOG Resources by 14.8% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 826,038 shares of the energy exploration company's stock valued at $101,256,000 after acquiring an additional 106,677 shares during the period. Marble Harbor Investment Counsel LLC grew its position in shares of EOG Resources by 3.2% during the 4th quarter. Marble Harbor Investment Counsel LLC now owns 103,037 shares of the energy exploration company's stock valued at $12,630,000 after acquiring an additional 3,150 shares during the period. Signet Financial Management LLC lifted its stake in EOG Resources by 15.3% in the 1st quarter. Signet Financial Management LLC now owns 29,292 shares of the energy exploration company's stock valued at $3,756,000 after buying an additional 3,890 shares in the last quarter. CWA Asset Management Group LLC lifted its stake in EOG Resources by 15.3% in the 1st quarter. CWA Asset Management Group LLC now owns 20,344 shares of the energy exploration company's stock valued at $2,609,000 after buying an additional 2,697 shares in the last quarter. Finally, Northside Capital Management LLC purchased a new position in EOG Resources in the 1st quarter valued at about $27,102,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of EOG Resources stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total value of $515,767.12. Following the completion of the sale, the chief operating officer now owns 47,732 shares in the company, valued at approximately $6,098,240.32. This trade represents a 7.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.13% of the stock is owned by insiders.

EOG Resources Trading Up 1.3%

Shares of EOG stock traded up $1.62 during trading on Friday, hitting $125.40. 11,228,066 shares of the stock traded hands, compared to its average volume of 3,372,209. The firm has a market capitalization of $68.44 billion, a P/E ratio of 11.63, a price-to-earnings-growth ratio of 10.24 and a beta of 0.74. 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 firm's fifty day moving average price is $113.49 and its 200-day moving average price is $121.56. EOG Resources, Inc. has a 52-week low of $102.52 and a 52-week high of $138.18.

EOG Resources (NYSE:EOG - Get Free Report) last released 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 firm 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 business's revenue for the quarter was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.82 EPS. As a group, research analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 17th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 3.25%. The ex-dividend date is Friday, October 17th. This is an increase from EOG Resources's previous quarterly dividend of $0.98. EOG Resources's dividend payout ratio (DPR) is 36.18%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Bank of America decreased their price target on shares of EOG Resources from $125.00 to $124.00 and set a "neutral" rating on the stock in a research note on Friday, May 23rd. JPMorgan Chase & Co. decreased their price target on shares of EOG Resources from $149.00 to $132.00 and set a "neutral" rating on the stock in a research note on Thursday, March 13th. KeyCorp decreased their price target on shares of EOG Resources from $150.00 to $140.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. UBS Group reaffirmed a "buy" rating and issued a $140.00 price target (up from $135.00) on shares of EOG Resources in a research note on Tuesday, June 3rd. Finally, Citigroup decreased their target price on shares of EOG Resources from $134.00 to $125.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. Twelve research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, EOG Resources has a consensus rating of "Moderate Buy" and a consensus target price of $139.48.

EOG Resources Company 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.