Summit Trail Advisors LLC Increases Stock Position in EOG Resources, Inc. (NYSE:EOG)

Summit Trail Advisors LLC increased its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 61.6% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 6,837 shares of the energy exploration company's stock after purchasing an additional 2,605 shares during the period. Summit Trail Advisors LLC's holdings in EOG Resources were worth $877,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Mainstream Capital Management LLC acquired a new position in EOG Resources during the fourth quarter worth approximately $25,000. Lee Danner & Bass Inc. acquired a new stake in shares of EOG Resources in the fourth quarter valued at approximately $28,000. Heritage Wealth Advisors grew its position in shares of EOG Resources by 562.2% during the fourth quarter. Heritage Wealth Advisors now owns 245 shares of the energy exploration company's stock worth $30,000 after acquiring an additional 208 shares during the last quarter. Alpine Bank Wealth Management acquired a new position in shares of EOG Resources in the 1st quarter valued at $34,000. Finally, Ameriflex Group Inc. purchased a new stake in EOG Resources in the 4th quarter valued at $36,000. 89.91% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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

EOG Resources Price Performance

Shares of NYSE:EOG traded up $1.63 on Friday, reaching $124.51. 1,437,151 shares of the company were exchanged, compared to its average volume of 3,404,661. The company has a 50-day moving average of $115.78 and a 200-day moving average of $121.26. 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 firm has a market cap of $67.95 billion, a price-to-earnings ratio of 11.55, a price-to-earnings-growth ratio of 9.94 and a beta of 0.76. EOG Resources, Inc. has a 1-year low of $102.52 and a 1-year high of $138.18.

EOG Resources (NYSE:EOG - Get Free Report) last issued its earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 net margin of 26.14% and a return on equity of 22.35%. The firm's quarterly revenue was down 7.4% compared to the same quarter last year. During the same period last year, the company posted $2.82 earnings per share. 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 disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 17th will be issued 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 annualized dividend and a yield of 3.28%. EOG Resources's payout ratio is currently 36.18%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on EOG. Piper Sandler lowered 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 report on Tuesday, April 22nd. Morgan Stanley set a $135.00 target price on shares of EOG Resources and gave the stock an "equal weight" rating in a research note on Monday, June 2nd. Stephens started coverage on EOG Resources in a report on Tuesday, June 17th. They set an "equal weight" rating and a $137.00 price target on the stock. Citigroup reduced their price objective on EOG Resources from $134.00 to $125.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set a $145.00 price objective on shares of EOG Resources in a research report on Friday, June 20th. Twelve research 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 stock. Based on data from MarketBeat, EOG Resources has an average rating of "Moderate Buy" and an average target price of $139.48.

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.