5,587 Shares in EOG Resources, Inc. (NYSE:EOG) Acquired by PFG Investments LLC

PFG Investments LLC purchased a new stake in EOG Resources, Inc. (NYSE:EOG - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,587 shares of the energy exploration company's stock, valued at approximately $714,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EOG. Simplicity Solutions LLC increased its position in EOG Resources by 3.0% in the 3rd quarter. Simplicity Solutions LLC now owns 18,437 shares of the energy exploration company's stock valued at $2,337,000 after acquiring an additional 537 shares during the period. Ballentine Partners LLC boosted its stake in shares of EOG Resources by 3.0% in the 3rd quarter. Ballentine Partners LLC now owns 2,614 shares of the energy exploration company's stock valued at $331,000 after purchasing an additional 75 shares during the last quarter. TFG Advisers LLC bought a new stake in shares of EOG Resources in the 3rd quarter valued at $204,000. Ropes Wealth Advisors LLC bought a new stake in shares of EOG Resources in the 3rd quarter valued at $300,000. Finally, Valeo Financial Advisors LLC boosted its stake in shares of EOG Resources by 24.6% in the 3rd quarter. Valeo Financial Advisors LLC now owns 5,068 shares of the energy exploration company's stock valued at $642,000 after purchasing an additional 1,002 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Stock Up 0.3 %

Shares of EOG stock traded up $0.34 on Friday, hitting $135.70. The stock had a trading volume of 1,841,074 shares, compared to its average volume of 2,825,198. The business has a 50 day moving average of $125.70 and a 200 day moving average of $122.44. The stock has a market cap of $78.06 billion, a price-to-earnings ratio of 10.43 and a beta of 1.40. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.44 and a quick ratio of 2.13. EOG Resources, Inc. has a 12-month low of $106.32 and a 12-month high of $139.67.

EOG Resources (NYSE:EOG - Get Free Report) last announced its earnings results on Friday, February 23rd. The energy exploration company reported $3.07 EPS for the quarter, missing the consensus estimate of $3.14 by ($0.07). The firm had revenue of $6.36 billion during the quarter, compared to analysts' expectations of $6.18 billion. EOG Resources had a net margin of 31.40% and a return on equity of 25.38%. The business's revenue for the quarter was down 5.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.30 EPS. As a group, analysts expect that EOG Resources, Inc. will post 12.3 EPS for the current year.

EOG Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be issued a dividend of $0.91 per share. The ex-dividend date of this dividend is Monday, April 15th. This represents a $3.64 dividend on an annualized basis and a yield of 2.68%. EOG Resources's dividend payout ratio (DPR) is presently 27.98%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on EOG. StockNews.com raised shares of EOG Resources from a "hold" rating to a "buy" rating in a research note on Monday, April 22nd. KeyCorp increased their target price on shares of EOG Resources from $147.00 to $157.00 and gave the stock an "overweight" rating in a research note on Monday, April 22nd. Stifel Nicolaus cut their target price on shares of EOG Resources from $153.00 to $150.00 and set a "buy" rating on the stock in a research note on Tuesday, April 23rd. Bank of America lowered shares of EOG Resources from a "buy" rating to a "neutral" rating and cut their target price for the stock from $147.00 to $140.00 in a research note on Friday, January 5th. Finally, Piper Sandler increased their target price on shares of EOG Resources from $141.00 to $153.00 and gave the stock an "overweight" rating in a research note on Friday, April 19th. Twelve equities 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. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $142.19.

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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