Claro Advisors LLC Acquires 449 Shares of EOG Resources, Inc. (NYSE:EOG)

Claro Advisors LLC lifted its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 7.5% in the first quarter, according to its most recent filing with the SEC. The firm owned 6,424 shares of the energy exploration company’s stock after acquiring an additional 449 shares during the period. Claro Advisors LLC’s holdings in EOG Resources were worth $821,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Capital World Investors boosted its holdings in EOG Resources by 59.2% during 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 in the last quarter. Ameriprise Financial Inc. raised its stake in EOG Resources by 8.4% during 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 acquiring an additional 892,951 shares in the last quarter. Morgan Stanley lifted its holdings in shares of EOG Resources by 1.5% during the third quarter. Morgan Stanley now owns 7,789,774 shares of the energy exploration company’s stock valued at $987,432,000 after acquiring an additional 116,860 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in shares of EOG Resources by 26.3% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,948,119 shares of the energy exploration company’s stock worth $598,475,000 after purchasing an additional 1,029,727 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in EOG Resources by 4.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,163,856 shares of the energy exploration company’s stock valued at $503,641,000 after buying an additional 176,854 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Price Performance

Shares of EOG opened at $126.53 on Tuesday. The company’s 50-day moving average is $126.28 and its 200-day moving average is $122.44. 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 firm has a market capitalization of $72.72 billion, a PE ratio of 9.99, a PEG ratio of 1.75 and a beta of 1.30. EOG Resources, Inc. has a fifty-two week low of $108.94 and a fifty-two week high of $139.67.

EOG Resources (NYSE:EOG) last posted its earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.70 by $0.12. EOG Resources had a return on equity of 24.83% and a net margin of 30.33%. The company had revenue of $6.12 billion during the quarter, compared to the consensus estimate of $5.91 billion. During the same quarter last year, the firm earned $2.69 earnings per share. The company’s revenue was up 1.3% on a year-over-year basis. Equities analysts forecast that EOG Resources, Inc. will post 11.99 EPS for the current year.

EOG Resources Announces Dividend

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 dividend on an annualized basis and a dividend yield of 2.88%. EOG Resources’s payout ratio is 28.75%.

Wall Street Analyst Weigh In

Several analysts have recently commented on EOG shares. Bank of America restated a “buy” rating and set a $151.00 target price on shares of EOG Resources in a report on Friday, June 14th. Royal Bank of Canada reissued a “sector perform” rating and issued a $145.00 price target on shares of EOG Resources in a report on Tuesday, April 9th. Truist Financial downgraded EOG Resources from a “buy” rating to a “hold” rating and dropped their target price for the stock from $163.00 to $136.00 in a research report on Thursday, May 16th. Scotiabank downgraded shares of EOG Resources from a “sector outperform” rating to a “sector perform” rating and upped their target price for the company from $135.00 to $155.00 in a research report on Thursday, April 11th. Finally, Citigroup boosted their price target on shares of EOG Resources from $124.00 to $130.00 and gave the stock a “neutral” rating in a research note on Friday, May 24th. Thirteen 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’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $143.19.

Insider Buying and Selling at EOG Resources

In related news, CEO Ezra Y. Yacob sold 4,729 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Ezra Y. Yacob sold 4,729 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 150,474 shares of the company’s stock, valued at $19,457,792.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Jeffrey R. Leitzell sold 7,802 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $130.07, for a total transaction of $1,014,806.14. Following the transaction, the chief operating officer now owns 39,054 shares of the company’s stock, valued at $5,079,753.78. 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. Corporate insiders own 0.20% of the company’s stock.

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.