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Pekin Hardy Strauss Inc. Has $2.74 Million Stock Position in EOG Resources, Inc. (NYSE:EOG)

EOG Resources logo with Energy background

Pekin Hardy Strauss Inc. trimmed its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 27.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,386 shares of the energy exploration company's stock after selling 8,086 shares during the quarter. Pekin Hardy Strauss Inc.'s holdings in EOG Resources were worth $2,743,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Crossmark Global Holdings Inc. raised its stake in shares of EOG Resources by 11.2% in the 1st quarter. Crossmark Global Holdings Inc. now owns 21,918 shares of the energy exploration company's stock valued at $2,811,000 after acquiring an additional 2,209 shares during the period. Washington Trust Bank increased its stake in shares of EOG Resources by 9.9% during the first quarter. Washington Trust Bank now owns 2,930 shares of the energy exploration company's stock worth $376,000 after buying an additional 265 shares during the period. TD Private Client Wealth LLC increased its position in shares of EOG Resources by 13.6% in the 1st quarter. TD Private Client Wealth LLC now owns 6,574 shares of the energy exploration company's stock valued at $843,000 after purchasing an additional 788 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in EOG Resources by 5.9% in the first quarter. Envestnet Asset Management Inc. now owns 2,172,913 shares of the energy exploration company's stock valued at $278,654,000 after purchasing an additional 121,586 shares during the last quarter. Finally, Penserra Capital Management LLC grew its position in EOG Resources by 73.9% during the 1st quarter. Penserra Capital Management LLC now owns 2,561 shares of the energy exploration company's stock worth $328,000 after purchasing an additional 1,088 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company's stock.

Insiders Place Their Bets

In other news, COO Jeffrey R. Leitzell sold 3,951 shares of the business's stock in a transaction on Monday, June 30th. The stock was sold at an average price of $119.65, for a total transaction of $472,737.15. Following the sale, the chief operating officer directly owned 45,739 shares of the company's stock, valued at $5,472,671.35. The trade was a 7.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.13% of the company's stock.

EOG Resources Stock Performance

EOG traded down $0.04 during trading on Thursday, reaching $121.85. 2,703,451 shares of the company were exchanged, compared to its average volume of 3,405,034. The firm has a 50 day moving average of $116.34 and a 200 day moving average of $121.31. The stock has a market cap of $66.51 billion, a P/E ratio of 11.30, a PEG ratio of 10.00 and a beta of 0.76. The company has a current ratio of 1.87, a quick ratio of 1.71 and a debt-to-equity ratio of 0.12. 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 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 during the quarter, compared to analysts' expectations of $5.92 billion. EOG Resources had a return on equity of 22.35% and a net margin of 26.14%. The company's revenue for the quarter was down 7.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.82 earnings per share. On average, sell-side analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 17th will be paid a dividend of $1.02 per share. The ex-dividend date is Friday, October 17th. This represents a $4.08 annualized dividend and a yield of 3.35%. This is a boost from EOG Resources's previous quarterly dividend of $0.98. EOG Resources's dividend payout ratio (DPR) is currently 36.18%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Roth Capital downgraded shares of EOG Resources from a "buy" rating to a "neutral" rating and lowered their target price for the company from $140.00 to $134.00 in a report on Wednesday. Mizuho decreased their price objective on shares of EOG Resources from $140.00 to $134.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Raymond James Financial upped their target price on EOG Resources from $148.00 to $158.00 and gave the company a "strong-buy" rating in a research note on Monday, June 2nd. Piper Sandler reduced their price objective on shares of EOG Resources from $135.00 to $133.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. Finally, Morgan Stanley set a $135.00 target price on EOG Resources and gave the stock an "equal weight" rating in a research report on Monday, June 2nd. Thirteen research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $139.00.

Get Our Latest Stock Report on EOG Resources

EOG Resources Company Profile

(Free Report)

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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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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