CreativeOne Wealth LLC Acquires New Position in EOG Resources, Inc. (NYSE:EOG)

CreativeOne Wealth LLC acquired a new stake in EOG Resources, Inc. (NYSE:EOG) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,669 shares of the energy exploration company’s stock, valued at approximately $565,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. McIlrath & Eck LLC increased its holdings in EOG Resources by 77.6% in the third quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company’s stock valued at $30,000 after buying an additional 104 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in EOG Resources by 530.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock valued at $30,000 after buying an additional 212 shares during the last quarter. Sachetta LLC bought a new stake in EOG Resources in the fourth quarter valued at about $33,000. Hall Laurie J Trustee bought a new stake in EOG Resources in the fourth quarter valued at about $36,000. Finally, Keener Financial Planning LLC acquired a new position in EOG Resources in the fourth quarter valued at approximately $36,000. 89.91% of the stock is owned by institutional investors.

EOG Resources Price Performance

Shares of NYSE:EOG opened at $125.50 on Thursday. The company’s fifty day moving average is $130.71 and its two-hundred day moving average is $122.48. The company has a quick ratio of 2.05, a current ratio of 2.32 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a 12-month low of $106.32 and a 12-month high of $139.67. The company has a market cap of $72.13 billion, a P/E ratio of 9.96 and a beta of 1.38.

EOG Resources (NYSE:EOG) last announced its earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share (EPS) for the quarter, beating 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 company had revenue of $6.12 billion for the quarter, compared to the consensus estimate of $5.91 billion. During the same period in the previous year, the business earned $2.69 EPS. The company’s revenue was up 1.3% on a year-over-year basis. Equities analysts expect that EOG Resources, Inc. will post 12.19 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The business 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. This represents a $3.64 annualized dividend and a dividend yield of 2.90%. The ex-dividend date of this dividend is Wednesday, July 17th. EOG Resources’s dividend payout ratio is currently 28.75%.

Insider Activity

In related news, EVP Michael P. Donaldson sold 2,685 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $130.29, for a total value of $349,828.65. Following the completion of the sale, the executive vice president now directly owns 109,040 shares in the company, valued at $14,206,821.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other EOG Resources news, EVP Michael P. Donaldson sold 2,685 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $130.29, for a total transaction of $349,828.65. Following the completion of the sale, the executive vice president now directly owns 109,040 shares in the company, valued at $14,206,821.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Lloyd W. Helms, Jr. sold 1,296 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $130.27, for a total transaction of $168,829.92. Following the sale, the president now owns 161,109 shares of the company’s stock, valued at $20,987,669.43. The disclosure for this sale can be found here. Insiders have sold a total of 11,783 shares of company stock worth $1,533,465 in the last ninety days. Corporate insiders own 0.30% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on EOG. Citigroup lifted their target price on EOG Resources from $120.00 to $124.00 and gave the company a “neutral” rating in a research note on Monday, March 18th. Royal Bank of Canada restated a “sector perform” rating and issued a $145.00 target price on shares of EOG Resources in a research note on Tuesday, April 9th. Susquehanna lifted their target price on EOG Resources from $147.00 to $155.00 and gave the company a “positive” rating in a research note on Monday, April 22nd. StockNews.com upgraded EOG Resources from a “hold” rating to a “buy” rating in a research note on Thursday, May 9th. Finally, Mizuho boosted their price objective on EOG Resources from $140.00 to $156.00 and gave the stock a “buy” rating in a research report on Monday, May 13th. Fifteen analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $141.82.

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.