&Partners Raises Position in EOG Resources, Inc. (NYSE:EOG)

&Partners boosted its position in shares of EOG Resources, Inc. (NYSE:EOG) by 32.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,315 shares of the energy exploration company’s stock after buying an additional 1,056 shares during the period. &Partners’ holdings in EOG Resources were worth $561,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. McIlrath & Eck LLC raised its stake in EOG Resources by 77.6% in the 3rd quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company’s stock valued at $30,000 after purchasing an additional 104 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in EOG Resources by 530.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock worth $30,000 after acquiring an additional 212 shares during the last quarter. Sachetta LLC purchased a new stake in EOG Resources during the 4th quarter valued at about $33,000. Hall Laurie J Trustee acquired a new stake in EOG Resources in the 4th quarter valued at about $36,000. Finally, Keener Financial Planning LLC purchased a new position in EOG Resources in the 4th quarter worth approximately $36,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Trading Up 0.0 %

NYSE EOG opened at $122.05 on Monday. 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 cap of $70.14 billion, a PE ratio of 9.64, a P/E/G ratio of 1.69 and a beta of 1.32. EOG Resources, Inc. has a one year low of $106.34 and a one year high of $139.67. The firm’s fifty day moving average is $127.01 and its two-hundred day moving average is $122.21.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Thursday, May 2nd. The energy exploration company reported $2.82 EPS for the quarter, beating analysts’ consensus estimates of $2.70 by $0.12. The company 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%. EOG Resources’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the business posted $2.69 earnings per share. Analysts expect that EOG Resources, Inc. will post 12.07 earnings per share for the current year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be paid a dividend of $0.91 per share. The ex-dividend date of this dividend is Wednesday, July 17th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.98%. EOG Resources’s dividend payout ratio (DPR) is 28.75%.

Insider Transactions at EOG Resources

In other news, President Lloyd W. Helms, Jr. sold 1,296 shares of the business’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $130.27, for a total transaction of $168,829.92. Following the transaction, the president now directly owns 161,109 shares in the company, valued at $20,987,669.43. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other EOG Resources news, President Lloyd W. Helms, Jr. sold 1,296 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $130.27, for a total transaction of $168,829.92. Following the transaction, the president now directly owns 161,109 shares in the company, valued at $20,987,669.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 transaction of $349,828.65. Following the transaction, the executive vice president now owns 109,040 shares in the company, valued at $14,206,821.60. The disclosure for this sale can be found here. Insiders have sold a total of 16,512 shares of company stock worth $2,144,972 over the last ninety days. 0.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on EOG. Piper Sandler increased their price target on EOG Resources from $153.00 to $154.00 and gave the company an “overweight” rating in a report on Tuesday, May 14th. Morgan Stanley raised their price target on shares of EOG Resources from $132.00 to $133.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. KeyCorp raised their price target on shares of EOG Resources from $147.00 to $157.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. Citigroup raised their price target 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. Finally, Bank of America restated a “buy” rating and set a $151.00 price target on shares of EOG Resources in a report on Friday, June 14th. Thirteen equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $143.19.

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.