Sagespring Wealth Partners LLC Acquires 2,489 Shares of EOG Resources, Inc. (NYSE:EOG)

Sagespring Wealth Partners LLC increased its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 48.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,601 shares of the energy exploration company's stock after acquiring an additional 2,489 shares during the period. Sagespring Wealth Partners LLC's holdings in EOG Resources were worth $975,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in EOG. Mainstream Capital Management LLC purchased a new stake in shares of EOG Resources in the 4th quarter valued at approximately $25,000. Lee Danner & Bass Inc. acquired a new stake in shares of EOG Resources during the fourth quarter worth about $28,000. Heritage Wealth Advisors boosted its position in EOG Resources by 562.2% in the 4th quarter. Heritage Wealth Advisors now owns 245 shares of the energy exploration company's stock valued at $30,000 after buying an additional 208 shares during the period. Sierra Ocean LLC acquired a new position in EOG Resources during the 4th quarter worth $32,000. Finally, Ameriflex Group Inc. acquired a new position in shares of EOG Resources during the fourth quarter worth about $36,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on EOG. Williams Trading set a $154.00 price objective on EOG Resources in a report on Wednesday, March 5th. UBS Group reiterated a "buy" rating and set a $140.00 target price (up previously from $135.00) on shares of EOG Resources in a research note on Tuesday, June 3rd. Barclays lifted their price objective on shares of EOG Resources from $137.00 to $140.00 and gave the company an "equal weight" rating in a research report on Monday, June 2nd. Citigroup dropped their target price on EOG Resources from $134.00 to $125.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. Finally, Wells Fargo & Company increased their price target on shares of EOG Resources from $146.00 to $148.00 and gave the company an "overweight" rating in a report on Monday. Twelve research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, EOG Resources presently has an average rating of "Moderate Buy" and an average price target of $139.95.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total transaction of $515,767.12. Following the completion of the transaction, the chief operating officer now directly owns 47,732 shares in the company, valued at $6,098,240.32. This represents a 7.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.13% of the company's stock.

EOG Resources Stock Down 0.7%

Shares of EOG stock traded down $0.85 on Wednesday, hitting $123.79. The company's stock had a trading volume of 4,553,001 shares, compared to its average volume of 3,349,945. The stock has a market capitalization of $67.56 billion, a price-to-earnings ratio of 11.48, a P/E/G ratio of 10.10 and a beta of 0.74. The firm's fifty day moving average price is $112.57 and its 200-day moving average price is $121.70. 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 current ratio of 1.87 and a quick ratio of 1.71.

EOG Resources (NYSE:EOG - Get Free Report) last announced its quarterly earnings data 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. EOG Resources had a net margin of 26.14% and a return on equity of 22.35%. The business had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.92 billion. During the same quarter last year, the company posted $2.82 earnings per share. EOG Resources's quarterly revenue was down 7.4% on a year-over-year basis. Research analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 17th will be given a dividend of $1.02 per share. The ex-dividend date is Friday, October 17th. This is a boost from EOG Resources's previous quarterly dividend of $0.98. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.30%. EOG Resources's payout ratio is currently 36.18%.

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.