LVW Advisors LLC Increases Position in EOG Resources, Inc. (NYSE:EOG)

LVW Advisors LLC lifted its position in shares of EOG Resources, Inc. (NYSE:EOG) by 58.2% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,942 shares of the energy exploration company’s stock after buying an additional 3,659 shares during the quarter. LVW Advisors LLC’s holdings in EOG Resources were worth $1,271,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of EOG. McIlrath & Eck LLC boosted 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 worth $30,000 after purchasing an additional 104 shares during the period. Exchange Traded Concepts LLC boosted its holdings in shares of EOG Resources by 530.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock valued at $30,000 after purchasing an additional 212 shares during the last quarter. Sachetta LLC bought a new stake in shares of EOG Resources in the fourth quarter worth about $33,000. Norwood Financial Corp bought a new position in EOG Resources during the first quarter valued at approximately $37,000. Finally, Hall Laurie J Trustee purchased a new position in EOG Resources during the 4th quarter valued at approximately $36,000. Institutional investors own 89.91% of the company’s stock.

Insider Buying and Selling

In other EOG Resources news, CEO Ezra Y. Yacob sold 4,729 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $129.31, for a total transaction of $611,506.99. Following the sale, the chief executive officer now owns 150,474 shares in the company, valued at approximately $19,457,792.94. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, COO Jeffrey R. Leitzell sold 7,802 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $130.07, for a total value of $1,014,806.14. Following the completion of the transaction, the chief operating officer now owns 39,054 shares of the company’s stock, valued at $5,079,753.78. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Ezra Y. Yacob sold 4,729 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $129.31, for a total transaction of $611,506.99. Following the sale, the chief executive officer now owns 150,474 shares in the company, valued at approximately $19,457,792.94. The disclosure for this sale can be found here. Insiders sold 16,512 shares of company stock worth $2,144,972 in the last ninety days. Insiders own 0.20% of the company’s stock.

EOG Resources Stock Up 1.1 %

Shares of EOG opened at $125.87 on Monday. The company has a quick ratio of 2.05, a current ratio of 2.32 and a debt-to-equity ratio of 0.13. The stock has a fifty day simple moving average of $126.28 and a two-hundred day simple moving average of $122.44. EOG Resources, Inc. has a 52-week low of $108.94 and a 52-week high of $139.67. The company has a market capitalization of $72.34 billion, a PE ratio of 9.94, a price-to-earnings-growth ratio of 1.75 and a beta of 1.30.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Thursday, May 2nd. The energy exploration company reported $2.82 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 30.33% and a return on equity of 24.83%. The firm’s revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.69 earnings per share. As a group, equities analysts forecast that EOG Resources, Inc. will post 11.99 EPS for the current year.

EOG Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be given a $0.91 dividend. The ex-dividend date of this dividend is Wednesday, July 17th. This represents a $3.64 annualized dividend and a dividend yield of 2.89%. EOG Resources’s dividend payout ratio is presently 28.75%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on EOG. Benchmark reiterated a “hold” rating on shares of EOG Resources in a research report on Tuesday, May 7th. KeyCorp assumed coverage on EOG Resources in a report on Thursday. They issued an “overweight” rating and a $157.00 target price for the company. Morgan Stanley increased their price target on EOG Resources from $132.00 to $133.00 and gave the company an “equal weight” rating in a report on Monday, April 15th. Truist Financial downgraded EOG Resources from a “buy” rating to a “hold” rating and reduced their price target for the stock from $163.00 to $136.00 in a report on Thursday, May 16th. Finally, Bank of America reissued a “buy” rating and set a $151.00 target price on shares of EOG Resources in a research note on Friday, June 14th. Thirteen investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, EOG Resources has a consensus rating of “Hold” and an average target price of $143.19.

EOG Resources 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.