5,112 Shares in EOG Resources, Inc. (NYSE:EOG) Acquired by Sagespring Wealth Partners LLC

Sagespring Wealth Partners LLC purchased a new stake in EOG Resources, Inc. (NYSE:EOG - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 5,112 shares of the energy exploration company's stock, valued at approximately $627,000.

Several other large investors have also made changes to their positions in EOG. Y Intercept Hong Kong Ltd acquired a new stake in EOG Resources during the 3rd quarter worth $516,000. Westside Investment Management Inc. lifted its holdings in shares of EOG Resources by 15.7% in the 3rd quarter. Westside Investment Management Inc. now owns 1,840 shares of the energy exploration company's stock worth $226,000 after acquiring an additional 250 shares during the last quarter. Chelsea Counsel Co. grew its stake in shares of EOG Resources by 2.0% in the third quarter. Chelsea Counsel Co. now owns 5,215 shares of the energy exploration company's stock valued at $641,000 after buying an additional 100 shares in the last quarter. World Investment Advisors LLC acquired a new stake in shares of EOG Resources during the third quarter worth about $730,000. Finally, Wilmington Savings Fund Society FSB increased its position in shares of EOG Resources by 26.8% during the third quarter. Wilmington Savings Fund Society FSB now owns 71,766 shares of the energy exploration company's stock worth $8,822,000 after acquiring an additional 15,186 shares during the period. 89.91% of the stock is owned by institutional investors and hedge funds.

Insider Activity at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of the business's stock in a transaction that occurred 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 transaction, the chief operating officer now directly owns 47,732 shares of the company's stock, valued at approximately $6,098,240.32. The trade was a 7.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.13% of the stock is owned by insiders.

EOG Resources Price Performance

EOG traded up $2.29 on Friday, hitting $110.53. 5,905,407 shares of the company were exchanged, compared to its average volume of 3,230,400. The business's fifty day moving average is $122.29 and its 200 day moving average is $126.45. 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 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The firm has a market capitalization of $60.96 billion, a P/E ratio of 8.90, a price-to-earnings-growth ratio of 3.58 and a beta of 0.93.

EOG Resources (NYSE:EOG - Get Free Report) last issued its quarterly earnings data on Friday, February 28th. The energy exploration company reported $2.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.55 by $0.19. The firm had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.96 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. As a group, sell-side analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be given a $0.975 dividend. This represents a $3.90 annualized dividend and a dividend yield of 3.53%. The ex-dividend date of this dividend is Wednesday, April 16th. EOG Resources's dividend payout ratio (DPR) is currently 34.73%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. StockNews.com lowered EOG Resources from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. Citigroup decreased their price target on EOG Resources from $134.00 to $125.00 and set a "neutral" rating for the company in a report on Monday, March 17th. Scotiabank raised EOG Resources from a "sector perform" rating to a "sector outperform" rating and cut their target price for the stock from $150.00 to $130.00 in a research report on Friday, April 11th. Piper Sandler dropped their price target on shares of EOG Resources from $141.00 to $135.00 and set a "neutral" rating on the stock in a research note on Thursday, March 6th. Finally, Bank of America restated a "neutral" rating and set a $144.00 price objective (down previously from $151.00) on shares of EOG Resources in a research report on Monday, January 13th. Twelve equities research 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. Based on data from MarketBeat, EOG Resources has a consensus rating of "Moderate Buy" and a consensus target price of $144.19.

About EOG Resources

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.