Summit Financial LLC boosted its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 15.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,689 shares of the energy exploration company's stock after buying an additional 2,251 shares during the quarter. Summit Financial LLC's holdings in EOG Resources were worth $2,046,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Financial Life Planners acquired a new stake in shares of EOG Resources during the 4th quarter worth about $25,000. Y.D. More Investments Ltd raised its holdings in EOG Resources by 149.4% during the fourth 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 in the last quarter. Mainstream Capital Management LLC purchased a new stake in shares of EOG Resources during the 4th quarter worth approximately $25,000. Decker Retirement Planning Inc. acquired a new position in shares of EOG Resources in the 4th quarter valued at $27,000. Finally, Keystone Financial Group Inc. acquired a new stake in EOG Resources during the 4th quarter worth $27,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at EOG Resources
In related news, COO Jeffrey R. Leitzell sold 4,037 shares of EOG Resources stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total transaction of $515,767.12. Following the completion of the sale, the chief operating officer now owns 47,732 shares in the company, valued at approximately $6,098,240.32. This trade represents a 7.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.20% of the stock is owned by insiders.
Analysts Set New Price Targets
Several equities analysts have issued reports on EOG shares. Benchmark restated a "hold" rating on shares of EOG Resources in a research note on Monday, January 13th. Piper Sandler decreased their target price on EOG Resources from $141.00 to $135.00 and set a "neutral" rating for the company in a research report on Thursday, March 6th. Williams Trading set a $154.00 price target on EOG Resources in a research report on Wednesday, March 5th. Raymond James increased their price target on shares of EOG Resources from $167.00 to $175.00 and gave the stock a "strong-buy" rating in a research note on Thursday, January 23rd. Finally, JPMorgan Chase & Co. dropped their price objective on shares of EOG Resources from $149.00 to $132.00 and set a "neutral" rating on the stock in a research note on Thursday, March 13th. Thirteen analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $144.67.
Check Out Our Latest Report on EOG
EOG Resources Price Performance
Shares of NYSE:EOG traded down $10.08 on Thursday, reaching $119.89. 5,530,173 shares of the company were exchanged, compared to its average volume of 3,102,470. EOG Resources, Inc. has a 1-year low of $115.78 and a 1-year high of $139.67. The firm has a market cap of $66.12 billion, a price-to-earnings ratio of 9.65, a price-to-earnings-growth ratio of 3.58 and a beta of 0.93. The company has a 50-day moving average of $127.85 and a 200-day moving average of $127.94. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13.
EOG Resources (NYSE:EOG - Get Free Report) last issued its quarterly earnings data on Friday, February 28th. The energy exploration company reported $2.74 EPS for the quarter, beating analysts' consensus estimates of $2.55 by $0.19. The firm had revenue of $5.59 billion for the quarter, compared to analysts' expectations of $5.96 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. Equities analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.
EOG Resources Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be given a dividend of $0.975 per share. The ex-dividend date is Wednesday, April 16th. This represents a $3.90 annualized dividend and a dividend yield of 3.25%. EOG Resources's dividend payout ratio is currently 34.73%.
About EOG Resources
(
Free Report)
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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