Woodmont Investment Counsel LLC Makes New Investment in EOG Resources, Inc. (NYSE:EOG)

Woodmont Investment Counsel LLC bought a new position in EOG Resources, Inc. (NYSE:EOG) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,203 shares of the energy exploration company’s stock, valued at approximately $409,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Federated Hermes Inc. boosted its stake 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 period. Jones Financial Companies Lllp boosted its stake in shares of EOG Resources by 21.5% during the third quarter. Jones Financial Companies Lllp now owns 571 shares of the energy exploration company’s stock valued at $72,000 after purchasing an additional 101 shares during the period. Lazard Asset Management LLC raised its holdings in shares of EOG Resources by 36.3% during the third quarter. Lazard Asset Management LLC now owns 47,812 shares of the energy exploration company’s stock valued at $6,060,000 after acquiring an additional 12,726 shares in the last quarter. Truist Financial Corp raised its holdings in shares of EOG Resources by 8.5% during the third quarter. Truist Financial Corp now owns 171,742 shares of the energy exploration company’s stock valued at $21,770,000 after acquiring an additional 13,382 shares in the last quarter. Finally, Glenmede Trust Co. NA raised its holdings in shares of EOG Resources by 2.5% during the third quarter. Glenmede Trust Co. NA now owns 10,201 shares of the energy exploration company’s stock valued at $1,293,000 after acquiring an additional 246 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Analysts Set New Price Targets

EOG has been the subject of a number of recent analyst reports. Barclays initiated coverage on EOG Resources in a report on Wednesday, April 10th. They set an “equal weight” rating and a $144.00 target price for the company. TD Cowen upped their target price on EOG Resources from $130.00 to $144.00 and gave the company a “hold” rating in a report on Tuesday, April 30th. Piper Sandler increased their price objective on EOG Resources from $153.00 to $154.00 and gave the stock an “overweight” rating in a report on Tuesday, May 14th. KeyCorp initiated coverage on EOG Resources in a report on Thursday, June 27th. They issued an “overweight” rating and a $157.00 price objective for the company. Finally, Scotiabank downgraded EOG Resources from a “sector outperform” rating to a “sector perform” rating and increased their price objective for the stock from $135.00 to $155.00 in a report on Thursday, April 11th. Thirteen equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $143.19.

Insiders Place Their Bets

In other EOG Resources news, CEO Ezra Y. Yacob sold 4,729 shares of the firm’s 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 transaction, the chief executive officer now directly owns 150,474 shares of the company’s stock, valued at $19,457,792.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Ezra Y. Yacob sold 4,729 shares of the firm’s 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 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Lloyd W. Helms, Jr. sold 1,296 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was 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 directly owns 161,109 shares in the company, valued at approximately $20,987,669.43. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,512 shares of company stock valued at $2,144,972. Insiders own 0.20% of the company’s stock.

EOG Resources Trading Up 0.1 %

EOG Resources stock opened at $126.65 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.32 and a quick ratio of 2.05. EOG Resources, Inc. has a one year low of $108.94 and a one year high of $139.67. The stock has a market capitalization of $72.79 billion, a PE ratio of 10.00, a price-to-earnings-growth ratio of 1.75 and a beta of 1.30. The business’s fifty day moving average is $126.13 and its 200 day moving average is $122.49.

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, beating the consensus estimate of $2.70 by $0.12. The company had revenue of $6.12 billion for the quarter, compared to analysts’ expectations of $5.91 billion. EOG Resources had a return on equity of 24.83% and a net margin of 30.33%. EOG Resources’s revenue was up 1.3% compared to the same quarter last year. During the same period last year, the firm posted $2.69 earnings per share. On average, sell-side analysts predict that EOG Resources, Inc. will post 12.06 EPS for the current year.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders 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 yield of 2.87%. EOG Resources’s payout ratio is 28.75%.

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.