RPG Investment Advisory LLC Increases Stock Holdings in EOG Resources, Inc. $EOG

Key Points

• RPG Investment Advisory LLC increased its stock holdings in EOG Resources by 98.5%, now owning 104,162 shares valued at approximately $13.36 million.
• EOG Resources reported $2.32 EPS for the last quarter, surpassing analysts’ expectations of $2.14, with revenue reaching $5.48 billion.
• The company announced a quarterly dividend of $1.02, increasing from the previous $0.98, resulting in a 3.4% dividend yield for investors.

RPG Investment Advisory LLC grew its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 98.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 104,162 shares of the energy exploration company's stock after purchasing an additional 51,683 shares during the quarter. RPG Investment Advisory LLC's holdings in EOG Resources were worth $13,358,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Hancock Whitney Corp boosted its holdings in shares of EOG Resources by 5.7% in the fourth quarter. Hancock Whitney Corp now owns 1,719 shares of the energy exploration company's stock valued at $211,000 after purchasing an additional 92 shares during the period. Granite Harbor Advisors Inc. raised its position in EOG Resources by 3.2% during the 1st quarter. Granite Harbor Advisors Inc. now owns 3,034 shares of the energy exploration company's stock valued at $389,000 after purchasing an additional 94 shares in the last quarter. FSM Wealth Advisors LLC lifted its holdings in shares of EOG Resources by 6.2% in the 1st quarter. FSM Wealth Advisors LLC now owns 1,623 shares of the energy exploration company's stock worth $208,000 after buying an additional 95 shares during the period. Sigma Planning Corp grew its position in shares of EOG Resources by 1.6% during the 1st quarter. Sigma Planning Corp now owns 6,259 shares of the energy exploration company's stock worth $803,000 after buying an additional 97 shares in the last quarter. Finally, Bank of Jackson Hole Trust increased its stake in shares of EOG Resources by 1.6% during the first quarter. Bank of Jackson Hole Trust now owns 6,234 shares of the energy exploration company's stock valued at $791,000 after buying an additional 100 shares during the period. Institutional investors own 89.91% of the company's stock.

EOG Resources Price Performance

Shares of EOG stock opened at $118.2880 on Friday. EOG Resources, Inc. has a fifty-two week low of $102.52 and a fifty-two week high of $138.18. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.61 and a current ratio of 1.79. The firm has a market capitalization of $64.58 billion, a price-to-earnings ratio of 11.50, a PEG ratio of 9.04 and a beta of 0.80. The stock's 50-day simple moving average is $120.27 and its 200-day simple moving average is $119.20.

EOG Resources (NYSE:EOG - Get Free Report) last released its earnings results on Thursday, August 7th. The energy exploration company reported $2.32 EPS for the quarter, topping analysts' consensus estimates of $2.14 by $0.18. The company had revenue of $5.48 billion during the quarter, compared to analysts' expectations of $5.45 billion. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. EOG Resources's revenue for the quarter was down 9.1% on a year-over-year basis. During the same period last year, the business earned $3.16 EPS. As a group, equities analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share 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 given a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, October 17th. This is a positive change from EOG Resources's previous quarterly dividend of $0.98. EOG Resources's payout ratio is currently 39.65%.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 3,951 shares of EOG Resources stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $119.65, for a total transaction of $472,737.15. Following the completion of the sale, 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.13% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on EOG shares. Barclays boosted their price target on shares of EOG Resources from $137.00 to $140.00 and gave the company an "equal weight" rating in a report on Monday, June 2nd. UBS Group increased their target price on EOG Resources from $142.00 to $144.00 and gave the company a "buy" rating in a research report on Wednesday. Bank of America cut their price target on EOG Resources from $125.00 to $124.00 and set a "neutral" rating on the stock in a report on Friday, May 23rd. Wells Fargo & Company restated an "overweight" rating on shares of EOG Resources in a research note on Sunday, June 22nd. Finally, Morgan Stanley set a $135.00 target price on EOG Resources and gave the company an "equal weight" rating in a research note on Monday, June 2nd. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, EOG Resources has an average rating of "Moderate Buy" and an average price target of $143.61.

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.

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