Raymond James Financial Inc. Purchases New Shares in EOG Resources, Inc. (NYSE:EOG)

Raymond James Financial Inc. acquired a new stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,396,585 shares of the energy exploration company's stock, valued at approximately $171,193,000. Raymond James Financial Inc. owned 0.25% of EOG Resources at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in EOG. Financial Life Planners purchased a new position in shares of EOG Resources in the 4th quarter worth about $25,000. Y.D. More Investments Ltd raised its position in shares of EOG Resources by 149.4% in the 4th quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company's stock worth $25,000 after purchasing an additional 121 shares during the last quarter. Mainstream Capital Management LLC purchased a new position in shares of EOG Resources in the 4th quarter worth about $25,000. Decker Retirement Planning Inc. purchased a new position in shares of EOG Resources in the 4th quarter worth about $27,000. Finally, Keystone Financial Group Inc. purchased a new position in shares of EOG Resources in the 4th quarter worth about $27,000. Hedge funds and other institutional investors own 89.91% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on EOG. Barclays lowered their price target on EOG Resources from $148.00 to $146.00 and set an "equal weight" rating for the company in a research report on Friday, February 28th. Mizuho decreased their target price on EOG Resources from $156.00 to $148.00 and set an "outperform" rating for the company in a research report on Monday, December 16th. Truist Financial boosted their target price on EOG Resources from $135.00 to $137.00 and gave the stock a "hold" rating in a research report on Monday, January 13th. Royal Bank of Canada raised EOG Resources from a "sector perform" rating to an "outperform" rating and boosted their target price for the stock from $150.00 to $155.00 in a research report on Wednesday, February 12th. Finally, Wells Fargo & Company raised EOG Resources from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $147.00 to $150.00 in a research report on Tuesday, December 17th. Twelve equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $145.80.

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Insiders Place Their Bets

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the company's stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total transaction of $483,560.00. Following the sale, the chief operating officer now directly owns 42,703 shares of the company's stock, valued at $5,162,365.67. This represents a 8.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.30% of the stock is currently owned by corporate insiders.

EOG Resources Stock Performance

Shares of NYSE:EOG traded up $3.22 during mid-day trading on Friday, reaching $125.41. 4,766,685 shares of the company traded hands, compared to its average volume of 3,004,160. The company's 50 day moving average price is $129.50 and its 200-day moving average price is $127.72. The firm has a market cap of $69.47 billion, a PE ratio of 10.10, a PEG ratio of 3.58 and a beta of 1.25. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. EOG Resources, Inc. has a 52 week low of $115.78 and a 52 week high of $139.67.

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

EOG Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be paid a $0.975 dividend. The ex-dividend date is Wednesday, April 16th. This represents a $3.90 annualized dividend and a yield of 3.11%. EOG Resources's payout ratio is 34.73%.

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.