Leo Wealth LLC Takes Position in EOG Resources, Inc. (NYSE:EOG)

Leo Wealth LLC acquired a new stake in EOG Resources, Inc. (NYSE:EOG) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,200 shares of the energy exploration company’s stock, valued at approximately $266,000.

A number of other hedge funds have also modified their holdings of EOG. Capital World Investors increased its holdings in shares of EOG Resources by 59.2% in the fourth quarter. Capital World Investors now owns 25,420,916 shares of the energy exploration company’s stock valued at $3,074,660,000 after purchasing an additional 9,455,621 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in shares of EOG Resources by 26.3% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,948,119 shares of the energy exploration company’s stock valued at $598,475,000 after purchasing an additional 1,029,727 shares during the period. Qube Research & Technologies Ltd boosted its stake in shares of EOG Resources by 863.4% in the third quarter. Qube Research & Technologies Ltd now owns 1,100,068 shares of the energy exploration company’s stock worth $139,445,000 after buying an additional 985,884 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of EOG Resources by 8.4% in the third quarter. Ameriprise Financial Inc. now owns 11,532,527 shares of the energy exploration company’s stock worth $1,462,966,000 after buying an additional 892,951 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its stake in shares of EOG Resources by 12.5% in the fourth quarter. Pacer Advisors Inc. now owns 3,065,042 shares of the energy exploration company’s stock worth $370,717,000 after buying an additional 340,902 shares during the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EOG has been the topic of a number of recent research reports. Piper Sandler upped their target price on EOG Resources from $153.00 to $154.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 14th. Truist Financial downgraded EOG Resources from a “buy” rating to a “hold” rating and lowered their target price for the stock from $163.00 to $136.00 in a research note on Thursday, May 16th. Citigroup upped their target price on EOG Resources from $124.00 to $130.00 and gave the stock a “neutral” rating in a research note on Friday, May 24th. Stifel Nicolaus lowered their target price on EOG Resources from $153.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, April 23rd. Finally, Barclays assumed coverage on 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. Thirteen 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.com, the stock presently has an average rating of “Hold” and an average price target of $143.19.

EOG Resources Stock Performance

NYSE EOG opened at $119.08 on Tuesday. EOG Resources, Inc. has a fifty-two week low of $106.34 and a fifty-two week high of $139.67. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.05 and a current ratio of 2.32. The firm has a market capitalization of $68.44 billion, a P/E ratio of 9.41 and a beta of 1.32. The stock’s fifty day moving average is $128.30 and its two-hundred day moving average is $122.25.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.70 by $0.12. The firm had revenue of $6.12 billion for the quarter, compared to the consensus estimate of $5.91 billion. EOG Resources had a return on equity of 24.83% and a net margin of 30.33%. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.69 EPS. On average, research analysts anticipate that EOG Resources, Inc. will post 12.14 earnings per share for the current year.

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be paid a dividend of $0.91 per share. The ex-dividend date is Wednesday, July 17th. This represents a $3.64 annualized dividend and a yield of 3.06%. EOG Resources’s payout ratio is 28.75%.

Insider Buying and Selling

In related news, EVP Michael P. Donaldson sold 2,685 shares of the business’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $130.29, for a total transaction of $349,828.65. Following the completion of the transaction, the executive vice president now directly 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 Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Ezra Y. Yacob sold 4,729 shares of the company’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $129.31, for a total transaction of $611,506.99. Following the completion of the transaction, the chief executive officer now directly owns 150,474 shares of the company’s stock, valued at approximately $19,457,792.94. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Michael P. Donaldson sold 2,685 shares of the company’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $130.29, for a total value of $349,828.65. Following the transaction, the executive vice president now directly owns 109,040 shares of the company’s stock, valued at $14,206,821.60. The disclosure for this sale can be found here. Insiders sold 16,512 shares of company stock valued at $2,144,972 in the last three months. 0.20% of the stock is owned by corporate insiders.

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.