EOG Resources, Inc. $EOG Shares Acquired by Gradient Investments LLC

Gradient Investments LLC grew its stake in EOG Resources, Inc. (NYSE:EOG) by 4,333.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 130,568 shares of the energy exploration company’s stock after purchasing an additional 127,623 shares during the period. Gradient Investments LLC’s holdings in EOG Resources were worth $13,711,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. JCIC Asset Management Inc. acquired a new position in EOG Resources during the third quarter worth $32,000. Twin Peaks Wealth Advisors LLC purchased a new stake in EOG Resources in the 2nd quarter valued at $35,000. Salomon & Ludwin LLC increased its stake in shares of EOG Resources by 122.8% in the 3rd quarter. Salomon & Ludwin LLC now owns 323 shares of the energy exploration company’s stock worth $36,000 after acquiring an additional 178 shares during the last quarter. Mountain Hill Investment Partners Corp. purchased a new position in shares of EOG Resources during the 3rd quarter worth $37,000. Finally, Quent Capital LLC purchased a new position in shares of EOG Resources during the 3rd quarter worth $37,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Stock Up 0.6%

Shares of NYSE EOG opened at $139.52 on Tuesday. The stock has a market cap of $74.85 billion, a P/E ratio of 15.31, a PEG ratio of 3.75 and a beta of 0.44. The business’s fifty day simple moving average is $120.32 and its 200-day simple moving average is $113.04. EOG Resources, Inc. has a 12-month low of $101.59 and a 12-month high of $141.13. The company has a current ratio of 1.63, a quick ratio of 1.42 and a debt-to-equity ratio of 0.27.

EOG Resources (NYSE:EOG) last released its earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 EPS for the quarter, topping the consensus estimate of $2.20 by $0.07. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.The firm had revenue of $5.64 billion during the quarter, compared to analysts’ expectations of $5.36 billion. During the same period in the previous year, the firm posted $2.74 EPS. EOG Resources’s revenue for the quarter was up .9% on a year-over-year basis. As a group, equities analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Thursday, April 16th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.9%. EOG Resources’s payout ratio is currently 44.79%.

Wall Street Analyst Weigh In

EOG has been the topic of several recent analyst reports. BMO Capital Markets boosted their target price on shares of EOG Resources from $120.00 to $140.00 and gave the company an “outperform” rating in a report on Tuesday, March 3rd. The Goldman Sachs Group dropped their price objective on EOG Resources from $125.00 to $123.00 and set a “neutral” rating for the company in a research note on Thursday, January 22nd. Citigroup reissued a “neutral” rating and set a $115.00 target price (down from $125.00) on shares of EOG Resources in a research note on Wednesday, December 17th. Morgan Stanley set a $128.00 target price on EOG Resources and gave the company an “equal weight” rating in a research report on Friday, January 23rd. Finally, Johnson Rice cut their price target on shares of EOG Resources from $145.00 to $135.00 and set a “hold” rating on the stock in a research note on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seventeen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, EOG Resources has an average rating of “Hold” and a consensus price target of $138.23.

Insider Buying and Selling

In related news, COO Jeffrey R. Leitzell sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $130.00, for a total value of $260,000.00. Following the sale, the chief operating officer owned 88,045 shares of the company’s stock, valued at $11,445,850. This trade represents a 2.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Ann D. Janssen sold 4,161 shares of EOG Resources stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $140.04, for a total transaction of $582,706.44. Following the completion of the transaction, the chief financial officer owned 100,246 shares of the company’s stock, valued at $14,038,449.84. This represents a 3.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 14,532 shares of company stock worth $1,877,405 over the last 90 days. Insiders own 0.13% of the company’s stock.

About EOG Resources

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.