Romano Brothers AND Company Invests $1.35 Million in EOG Resources, Inc. (NYSE:EOG)

Romano Brothers AND Company acquired a new position in EOG Resources, Inc. (NYSE:EOG - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 10,550 shares of the energy exploration company's stock, valued at approximately $1,349,000.

Other institutional investors have also added to or reduced their stakes in the company. McIlrath & Eck LLC grew its position in EOG Resources by 77.6% in the 3rd quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company's stock worth $30,000 after purchasing an additional 104 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in EOG Resources by 530.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company's stock valued at $30,000 after acquiring an additional 212 shares during the last quarter. Sachetta LLC purchased a new position in EOG Resources in the fourth quarter valued at about $33,000. Hall Laurie J Trustee purchased a new position in EOG Resources in the fourth quarter valued at about $36,000. Finally, Keener Financial Planning LLC purchased a new position in EOG Resources in the fourth quarter valued at about $36,000. 89.91% of the stock is owned by institutional investors.

Insider Activity at EOG Resources

In related news, EVP Michael P. Donaldson sold 2,685 shares of the stock in a transaction on Monday, May 13th. The shares were sold at an average price of $130.29, for a total transaction of $349,828.65. Following the transaction, the executive vice president now owns 109,040 shares of the company's stock, valued at approximately $14,206,821.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other EOG Resources news, EVP Michael P. Donaldson sold 2,685 shares of the firm's stock in a transaction on Monday, May 13th. The shares were sold at an average price of $130.29, for a total value of $349,828.65. Following the sale, the executive vice president now owns 109,040 shares of the company's stock, valued at approximately $14,206,821.60. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, President Lloyd W. Helms, Jr. sold 1,296 shares of the firm's stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $130.27, for a total transaction of $168,829.92. Following the completion of the sale, the president now directly owns 161,109 shares in the company, valued at approximately $20,987,669.43. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,512 shares of company stock valued at $2,144,972. Insiders own 0.30% of the company's stock.

EOG Resources Price Performance

Shares of NYSE:EOG traded up $1.32 during trading on Friday, reaching $125.87. The company had a trading volume of 4,029,396 shares, compared to its average volume of 2,784,269. The company has a fifty day moving average of $126.28 and a two-hundred day moving average of $122.44. The stock has a market capitalization of $72.34 billion, a P/E ratio of 9.94, a price-to-earnings-growth ratio of 1.75 and a beta of 1.32. EOG Resources, Inc. has a 12 month low of $108.94 and a 12 month high of $139.67. The company has a current ratio of 2.32, a quick ratio of 2.05 and a debt-to-equity ratio of 0.13.

EOG Resources (NYSE:EOG - Get Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 EPS for the quarter, topping analysts' consensus estimates of $2.70 by $0.12. The firm had revenue of $6.12 billion for the quarter, compared to analyst estimates of $5.91 billion. EOG Resources had a net margin of 30.33% and a return on equity of 24.83%. The business's revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.69 EPS. Equities research analysts forecast that EOG Resources, Inc. will post 11.99 earnings per share for the current year.

EOG Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 2.89%. The ex-dividend date of this dividend is Wednesday, July 17th. EOG Resources's dividend payout ratio is currently 28.75%.

Analysts Set New Price Targets

A number of research firms have weighed in on EOG. Barclays began coverage on shares of EOG Resources in a research note on Wednesday, April 10th. They issued an "equal weight" rating and a $144.00 target price on the stock. Stifel Nicolaus dropped 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. Benchmark reiterated a "hold" rating on shares of EOG Resources in a research note on Tuesday, May 7th. Truist Financial cut shares of EOG Resources from a "buy" rating to a "hold" rating and dropped their price target for the company from $163.00 to $136.00 in a research note on Thursday, May 16th. Finally, Morgan Stanley upped their price target on shares of EOG Resources from $132.00 to $133.00 and gave the company an "equal weight" rating in a research note on Monday, April 15th. Thirteen research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $143.19.

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.