Northwestern Mutual Wealth Management Co. Purchases 4,006 Shares of EOG Resources, Inc. $EOG

Northwestern Mutual Wealth Management Co. boosted its position in EOG Resources, Inc. (NYSE:EOG) by 13.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 34,268 shares of the energy exploration company’s stock after acquiring an additional 4,006 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in EOG Resources were worth $4,446,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in EOG. Acumen Wealth Advisors LLC bought a new position in shares of EOG Resources in the 4th quarter worth $25,000. SJS Investment Consulting Inc. raised its holdings in EOG Resources by 225.5% during the first quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock worth $26,000 after buying an additional 124 shares during the last quarter. Prosperity Bancshares Inc bought a new position in shares of EOG Resources in the fourth quarter valued at $26,000. Nemes Rush Group LLC acquired a new position in shares of EOG Resources during the fourth quarter valued at about $30,000. Finally, Financial Life Planners bought a new stake in shares of EOG Resources during the first quarter worth about $30,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on EOG. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $151.00 price target (up from $127.00) on shares of EOG Resources in a research report on Monday, August 24th. Capital One Financial cut EOG Resources from an “overweight” rating to an “equal weight” rating and set a $153.00 target price on the stock. in a research report on Wednesday, August 26th. Truist Financial increased their price target on EOG Resources from $134.00 to $153.00 and gave the company a “hold” rating in a research report on Thursday, August 6th. Jefferies Financial Group reaffirmed a “buy” rating and set a $175.00 price objective (up from $170.00) on shares of EOG Resources in a report on Thursday, July 2nd. Finally, Susquehanna reiterated a “positive” rating and issued a $170.00 target price (up from $166.00) on shares of EOG Resources in a report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seventeen have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $157.04.

Insider Transactions at EOG Resources

In other EOG Resources news, CEO Ezra Yacob sold 35,942 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $152.10, for a total value of $5,466,778.20. Following the completion of the sale, the chief executive officer owned 242,451 shares of the company’s stock, valued at $36,876,797.10. This represents a 12.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.14% of the stock is currently owned by corporate insiders.

EOG Resources Stock Performance

NYSE EOG opened at $145.93 on Friday. EOG Resources, Inc. has a 52-week low of $101.59 and a 52-week high of $153.67. The company has a fifty day moving average of $141.24 and a 200-day moving average of $137.18. The company has a market capitalization of $76.54 billion, a P/E ratio of 11.36, a P/E/G ratio of 0.55 and a beta of 0.26. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.68 and a current ratio of 1.85.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share for the quarter, beating analysts’ consensus estimates of $4.97 by $0.10. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%.The business had revenue of $8.62 billion for the quarter, compared to the consensus estimate of $8.04 billion. During the same quarter last year, the business posted $2.32 earnings per share. The company’s revenue for the quarter was up 57.4% on a year-over-year basis. As a group, equities research analysts predict that EOG Resources, Inc. will post 16.87 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 16th will be given a $1.02 dividend. The ex-dividend date is Friday, October 16th. This represents a $4.08 dividend on an annualized basis and a yield of 2.8%. EOG Resources’s payout ratio is presently 31.75%.

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.