3,801 Shares in EOG Resources, Inc. (NYSE:EOG) Purchased by Plan Group Financial LLC

Key Points

• Plan Group Financial LLC has invested approximately $487,000 in EOG Resources, acquiring 3,801 shares in the first quarter.
• EOG Resources recently announced a quarterly dividend of $1.02 per share, reflecting an increase from the previous dividend of $0.98, which signifies a yield of 3.5%.
• Shares of EOG opened at $116.99, with a market capitalization of $63.85 billion and a PE ratio of 10.85.

Plan Group Financial LLC acquired a new stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 3,801 shares of the energy exploration company's stock, valued at approximately $487,000.

Several other institutional investors also recently bought and sold shares of the stock. Capital World Investors grew its stake in shares of EOG Resources by 5.2% in the 4th quarter. Capital World Investors now owns 45,919,327 shares of the energy exploration company's stock worth $5,628,497,000 after buying an additional 2,270,013 shares in the last quarter. GAMMA Investing LLC lifted its holdings in EOG Resources by 14,784.1% during the 1st quarter. GAMMA Investing LLC now owns 1,281,374 shares of the energy exploration company's stock valued at $164,323,000 after buying an additional 1,272,765 shares in the last quarter. Deutsche Bank AG lifted its holdings in EOG Resources by 58.6% during the 4th quarter. Deutsche Bank AG now owns 2,081,409 shares of the energy exploration company's stock valued at $255,139,000 after buying an additional 769,362 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of EOG Resources by 134.7% in the 4th quarter. AQR Capital Management LLC now owns 1,294,824 shares of the energy exploration company's stock valued at $158,720,000 after purchasing an additional 743,202 shares in the last quarter. Finally, Demars Financial Group LLC raised its holdings in shares of EOG Resources by 12,422.5% in the 4th quarter. Demars Financial Group LLC now owns 643,156 shares of the energy exploration company's stock valued at $78,838,000 after purchasing an additional 638,020 shares in the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 3,951 shares of the business's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $119.65, for a total transaction of $472,737.15. Following the transaction, the chief operating officer owned 45,739 shares of the company's stock, valued at approximately $5,472,671.35. The trade was a 7.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.13% of the company's stock.

EOG Resources Stock Down 0.9%

NYSE EOG traded down $1.10 during trading on Wednesday, reaching $116.68. The company's stock had a trading volume of 3,050,415 shares, compared to its average volume of 2,859,118. 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 stock has a market capitalization of $63.68 billion, a PE ratio of 10.82, a PEG ratio of 9.02 and a beta of 0.80. The business has a 50-day moving average price of $119.23 and a 200-day moving average price of $120.26. EOG Resources, Inc. has a 1-year low of $102.52 and a 1-year high of $138.18.

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 given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 3.5%. This is an increase from EOG Resources's previous quarterly dividend of $0.98. The ex-dividend date of this dividend is Friday, October 17th. EOG Resources's payout ratio is presently 36.18%.

Analyst Upgrades and Downgrades

Several research firms recently commented on EOG. Scotiabank upgraded shares of EOG Resources from a "sector perform" rating to a "sector outperform" rating and reduced their price objective for the stock from $150.00 to $130.00 in a research note on Friday, April 11th. Wells Fargo & Company reaffirmed an "overweight" rating on shares of EOG Resources in a report on Sunday, June 22nd. Susquehanna increased their price target on shares of EOG Resources from $156.00 to $170.00 and gave the stock a "positive" rating in a report on Wednesday, July 23rd. Morgan Stanley set a $135.00 price objective on shares of EOG Resources and gave the stock an "equal weight" rating in a research report on Monday, June 2nd. Finally, Royal Bank Of Canada reduced their target price on shares of EOG Resources from $145.00 to $140.00 and set an "outperform" rating for the company in a research report on Tuesday, July 8th. Twelve 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's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $140.62.

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.