Aspiriant LLC Grows Position in EOG Resources, Inc. (NYSE:EOG)

Aspiriant LLC grew its stake in EOG Resources, Inc. (NYSE:EOG) by 6.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,868 shares of the energy exploration company’s stock after acquiring an additional 120 shares during the quarter. Aspiriant LLC’s holdings in EOG Resources were worth $239,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. G&S Capital LLC boosted its stake in shares of EOG Resources by 2.2% during the 1st quarter. G&S Capital LLC now owns 4,673 shares of the energy exploration company’s stock worth $597,000 after purchasing an additional 102 shares during the last quarter. GoalVest Advisory LLC grew its stake in EOG Resources by 135.4% in the 1st quarter. GoalVest Advisory LLC now owns 306 shares of the energy exploration company’s stock worth $39,000 after acquiring an additional 176 shares during the period. Shorepath Capital Management LLC raised its holdings in EOG Resources by 7.0% in the 1st quarter. Shorepath Capital Management LLC now owns 56,502 shares of the energy exploration company’s stock valued at $7,223,000 after acquiring an additional 3,675 shares during the last quarter. Dynamic Advisor Solutions LLC lifted its stake in shares of EOG Resources by 17.8% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 43,096 shares of the energy exploration company’s stock worth $5,509,000 after purchasing an additional 6,522 shares during the period. Finally, Gateway Investment Advisers LLC boosted its holdings in shares of EOG Resources by 30.6% during the first quarter. Gateway Investment Advisers LLC now owns 14,898 shares of the energy exploration company’s stock worth $1,905,000 after purchasing an additional 3,495 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Stock Performance

Shares of EOG opened at $124.58 on Thursday. EOG Resources, Inc. has a one year low of $107.99 and a one year high of $139.67. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.32 and a quick ratio of 2.05. The stock has a market cap of $71.60 billion, a price-to-earnings ratio of 9.84, a PEG ratio of 1.74 and a beta of 1.32. The company has a 50-day moving average of $126.72 and a two-hundred day moving average of $122.31.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 EPS for the quarter, topping the consensus estimate of $2.70 by $0.12. EOG Resources had a net margin of 30.33% and a return on equity of 24.83%. The business had revenue of $6.12 billion during the quarter, compared to analysts’ expectations of $5.91 billion. During the same period last year, the company posted $2.69 earnings per share. The firm’s quarterly revenue was up 1.3% compared to the same quarter last year. On average, equities research analysts expect that EOG Resources, Inc. will post 12.02 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 issued a dividend of $0.91 per share. The ex-dividend date of this dividend is Wednesday, July 17th. This represents a $3.64 annualized dividend and a dividend yield of 2.92%. EOG Resources’s dividend payout ratio is 28.75%.

Insider Activity at EOG Resources

In related news, CEO Ezra Y. Yacob sold 4,729 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $129.31, for a total value of $611,506.99. Following the completion of the sale, the chief executive officer now directly owns 150,474 shares in the company, valued at $19,457,792.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other EOG Resources news, COO Jeffrey R. Leitzell sold 7,802 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $130.07, for a total transaction of $1,014,806.14. Following the completion of the sale, the chief operating officer now directly owns 39,054 shares in the company, valued at $5,079,753.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ezra Y. Yacob sold 4,729 shares of EOG Resources stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $129.31, for a total value of $611,506.99. Following the completion of the transaction, the chief executive officer now owns 150,474 shares in the company, valued at $19,457,792.94. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,512 shares of company stock valued at $2,144,972. 0.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

EOG has been the topic of several recent analyst reports. Scotiabank downgraded EOG Resources from a “sector outperform” rating to a “sector perform” rating and increased their target price for the stock from $135.00 to $155.00 in a research report on Thursday, April 11th. Mizuho boosted 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. StockNews.com raised shares of EOG Resources from a “hold” rating to a “buy” rating in a research note on Thursday, May 9th. Piper Sandler boosted their price objective on shares of EOG Resources from $153.00 to $154.00 and gave the company an “overweight” rating in a research note on Tuesday, May 14th. Finally, JPMorgan Chase & Co. lifted their target price on EOG Resources from $134.00 to $141.00 and gave the company a “neutral” rating in a report on Thursday, March 28th. Thirteen analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $143.19.

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.