ORG Wealth Partners LLC Grows Position in EOG Resources, Inc. (NYSE:EOG)

ORG Wealth Partners LLC raised its stake in EOG Resources, Inc. (NYSE:EOG - Free Report) by 7,171.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,671 shares of the energy exploration company's stock after purchasing 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.

Several other hedge funds also recently added to or reduced their stakes in EOG. Wealthfront Advisers LLC increased its stake in EOG Resources by 4,642.2% in the fourth quarter. Wealthfront Advisers LLC now owns 2,852,238 shares of the energy exploration company's stock valued at $349,627,000 after purchasing an additional 2,792,092 shares during the last quarter. Capital World Investors increased its stake in EOG Resources by 5.2% in the fourth quarter. Capital World Investors now owns 45,919,327 shares of the energy exploration company's stock valued at $5,628,497,000 after purchasing an additional 2,270,013 shares during the last quarter. Raymond James Financial Inc. purchased a new position in EOG Resources in the fourth quarter valued at approximately $171,193,000. GAMMA Investing LLC increased its stake in EOG Resources by 14,784.1% in the first quarter. GAMMA Investing LLC now owns 1,281,374 shares of the energy exploration company's stock valued at $164,323,000 after purchasing an additional 1,272,765 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in EOG Resources by 4.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 18,192,314 shares of the energy exploration company's stock valued at $2,230,014,000 after purchasing an additional 781,282 shares during the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total value of $515,767.12. Following the completion of the transaction, the chief operating officer now owns 47,732 shares in the company, valued at $6,098,240.32. This trade represents a 7.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.13% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have commented on EOG. KeyCorp dropped 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 restated a "buy" rating and set a $140.00 target price (up from $135.00) on shares of EOG Resources in a research report on Tuesday, June 3rd. Wall Street Zen lowered shares of EOG Resources from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. Piper Sandler lowered their target price on shares of EOG Resources from $135.00 to $133.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd. Finally, Jefferies Financial Group restated a "buy" rating and set a $148.00 target price (up from $144.00) on shares of EOG Resources in a research report on Friday, June 13th. Twelve analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, EOG Resources presently has an average rating of "Moderate Buy" and a consensus price target of $139.95.

EOG Resources Price Performance

EOG Resources stock opened at $123.79 on Thursday. EOG Resources, Inc. has a one year low of $102.52 and a one year 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. The business has a fifty day moving average of $112.77 and a two-hundred day moving average of $121.71. The company has a market cap of $67.56 billion, a P/E ratio of 11.48, a price-to-earnings-growth ratio of 10.18 and a beta of 0.74.

EOG Resources (NYSE:EOG - Get Free Report) last released its earnings results on Thursday, May 1st. The energy exploration company reported $2.87 EPS for the quarter, beating analysts' consensus estimates of $2.75 by $0.12. EOG Resources had a return on equity of 22.35% and a net margin of 26.14%. The company had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.92 billion. During the same quarter last year, the company earned $2.82 earnings per share. EOG Resources's quarterly revenue was down 7.4% compared to the same quarter last year. As a group, 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 announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 17th will be issued a $1.02 dividend. The ex-dividend date of this dividend is Friday, October 17th. This represents a $4.08 dividend on an annualized basis and a yield of 3.30%. This is an increase from EOG Resources's previous quarterly dividend of $0.98. EOG Resources's dividend payout ratio (DPR) is 36.18%.

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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