Evergreen Capital Management LLC Raises Stock Position in EOG Resources, Inc. (NYSE:EOG)

Evergreen Capital Management LLC grew its position in shares of EOG Resources, Inc. (NYSE:EOG) by 2.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,017 shares of the energy exploration company’s stock after buying an additional 584 shares during the quarter. Evergreen Capital Management LLC’s holdings in EOG Resources were worth $3,526,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Artisan Partners Limited Partnership boosted its position in EOG Resources by 2.3% in the fourth quarter. Artisan Partners Limited Partnership now owns 991,055 shares of the energy exploration company’s stock worth $119,868,000 after purchasing an additional 22,638 shares during the last quarter. DRW Securities LLC grew its position in shares of EOG Resources by 871.7% during the 4th quarter. DRW Securities LLC now owns 20,891 shares of the energy exploration company’s stock valued at $2,527,000 after acquiring an additional 18,741 shares during the period. UniSuper Management Pty Ltd increased its stake in shares of EOG Resources by 228.4% in the 1st quarter. UniSuper Management Pty Ltd now owns 15,626 shares of the energy exploration company’s stock worth $1,998,000 after purchasing an additional 10,868 shares in the last quarter. Bryn Mawr Capital Management LLC purchased a new position in EOG Resources during the first quarter valued at $1,217,000. Finally, Processus Wealth & Capital Management LLC purchased a new stake in EOG Resources in the 4th quarter worth approximately $1,570,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

EOG Resources Price Performance

Shares of EOG stock opened at $127.74 on Tuesday. The company’s 50-day simple moving average is $125.55 and its two-hundred day simple moving average is $126.70. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.12 and a quick ratio of 1.89. EOG Resources, Inc. has a one year low of $108.94 and a one year high of $139.67. The company has a market capitalization of $73.41 billion, a P/E ratio of 10.09, a P/E/G ratio of 2.95 and a beta of 1.28.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Thursday, August 1st. The energy exploration company reported $3.16 EPS for the quarter, topping the consensus estimate of $2.98 by $0.18. EOG Resources had a return on equity of 25.42% and a net margin of 30.33%. The company had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $6.07 billion. During the same period last year, the business posted $2.49 EPS. EOG Resources’s quarterly revenue was up 8.1% on a year-over-year basis. As a group, equities analysts anticipate that EOG Resources, Inc. will post 12.2 EPS for the current year.

EOG Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 2.85%. The ex-dividend date of this dividend is Thursday, October 17th. EOG Resources’s payout ratio is 28.75%.

Insider Buying and Selling at EOG Resources

In other news, EVP Michael P. Donaldson sold 11,037 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the transaction, the executive vice president now directly owns 74,250 shares in the company, valued at $9,615,375. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $126.48, for a total transaction of $505,920.00. Following the completion of the sale, the chief operating officer now directly owns 35,058 shares of the company’s stock, valued at $4,434,135.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Michael P. Donaldson sold 11,037 shares of EOG Resources stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the completion of the transaction, the executive vice president now directly owns 74,250 shares in the company, valued at approximately $9,615,375. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,537 shares of company stock valued at $2,751,612. Company insiders own 0.30% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Morgan Stanley lowered their price target on shares of EOG Resources from $134.00 to $132.00 and set an “equal weight” rating on the stock in a report on Monday, September 16th. KeyCorp began coverage on EOG Resources in a research note on Thursday, June 27th. They set an “overweight” rating and a $157.00 target price on the stock. JPMorgan Chase & Co. dropped their target price on shares of EOG Resources from $143.00 to $135.00 and set a “neutral” rating for the company in a research report on Thursday, September 12th. Piper Sandler decreased their price target on shares of EOG Resources from $154.00 to $147.00 and set an “overweight” rating on the stock in a research note on Thursday, August 15th. Finally, Sanford C. Bernstein dropped their price target on EOG Resources from $139.00 to $125.00 and set a “market perform” rating for the company in a research note on Wednesday, July 17th. Fourteen research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, EOG Resources has a consensus rating of “Hold” and an average price target of $142.89.

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.