Cooper Financial Group Acquires 523 Shares of EOG Resources, Inc. (NYSE:EOG)

Cooper Financial Group increased its holdings in EOG Resources, Inc. (NYSE:EOG) by 9.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,804 shares of the energy exploration company’s stock after purchasing an additional 523 shares during the quarter. Cooper Financial Group’s holdings in EOG Resources were worth $742,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. V Square Quantitative Management LLC purchased a new position in shares of EOG Resources during the third quarter valued at approximately $197,000. Mariner LLC lifted its holdings in shares of EOG Resources by 5.3% during the third quarter. Mariner LLC now owns 99,744 shares of the energy exploration company’s stock valued at $12,644,000 after purchasing an additional 5,030 shares during the last quarter. Federated Hermes Inc. lifted its holdings in shares of EOG Resources by 3.1% during the third quarter. Federated Hermes Inc. now owns 9,812 shares of the energy exploration company’s stock valued at $1,244,000 after purchasing an additional 292 shares during the last quarter. Cary Street Partners Investment Advisory LLC lifted its holdings in shares of EOG Resources by 103.9% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 2,298 shares of the energy exploration company’s stock valued at $291,000 after purchasing an additional 1,171 shares during the last quarter. Finally, Personal CFO Solutions LLC lifted its holdings in shares of EOG Resources by 7.9% during the third quarter. Personal CFO Solutions LLC now owns 4,393 shares of the energy exploration company’s stock valued at $557,000 after purchasing an additional 321 shares during the last quarter. 89.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Royal Bank of Canada reiterated a “sector perform” rating and set a $145.00 target price on shares of EOG Resources in a report on Tuesday, April 9th. Mizuho lifted their target price on shares of EOG Resources from $140.00 to $156.00 and gave the company a “buy” rating in a report on Monday, May 13th. Stifel Nicolaus lowered their target price on shares of EOG Resources from $153.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday, April 23rd. Susquehanna boosted their price objective on shares of EOG Resources from $147.00 to $155.00 and gave the stock a “positive” rating in a report on Monday, April 22nd. Finally, Citigroup boosted their price objective on shares of EOG Resources from $124.00 to $130.00 and gave the stock a “neutral” rating in a report on Friday, May 24th. Thirteen equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, EOG Resources currently has an average rating of “Hold” and an average target price of $143.19.

Insider Activity

In related news, President Lloyd W. Helms, Jr. sold 1,296 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $130.27, for a total value of $168,829.92. Following the completion of the transaction, the president now owns 161,109 shares of the company’s stock, valued at approximately $20,987,669.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other EOG Resources news, President Lloyd W. Helms, Jr. sold 1,296 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $130.27, for a total value of $168,829.92. Following the sale, the president now owns 161,109 shares in the company, valued at approximately $20,987,669.43. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 sale, the executive vice president now owns 109,040 shares in the company, valued at approximately $14,206,821.60. The disclosure for this sale can be found here. Insiders sold a total of 16,512 shares of company stock valued at $2,144,972 in the last 90 days. Company insiders own 0.30% of the company’s stock.

EOG Resources Trading Up 0.8 %

NYSE:EOG opened at $123.05 on Monday. EOG Resources, Inc. has a 12 month low of $106.77 and a 12 month high of $139.67. The company has a 50 day simple moving average of $127.01 and a two-hundred day simple moving average of $122.21. The company has a current ratio of 2.32, a quick ratio of 2.05 and a debt-to-equity ratio of 0.13. The company has a market cap of $70.72 billion, a PE ratio of 9.64, a price-to-earnings-growth ratio of 1.69 and a beta of 1.32.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.70 by $0.12. EOG Resources had a net margin of 30.33% and a return on equity of 24.83%. The firm had revenue of $6.12 billion during the quarter, compared to the consensus estimate of $5.91 billion. During the same quarter in the previous year, the firm posted $2.69 EPS. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. Research analysts forecast that EOG Resources, Inc. will post 12.07 earnings per share for the current year.

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date of this dividend is Wednesday, July 17th. EOG Resources’s payout ratio is 28.75%.

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.