Catalytic Wealth RIA LLC Buys 766 Shares of EOG Resources, Inc. (NYSE:EOG)

Catalytic Wealth RIA LLC increased its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 45.6% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 2,445 shares of the energy exploration company’s stock after acquiring an additional 766 shares during the quarter. Catalytic Wealth RIA LLC’s holdings in EOG Resources were worth $313,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of EOG. Capital World Investors boosted its holdings in shares of EOG Resources by 59.2% during the 4th quarter. Capital World Investors now owns 25,420,916 shares of the energy exploration company’s stock worth $3,074,660,000 after buying an additional 9,455,621 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in EOG Resources by 26.3% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,948,119 shares of the energy exploration company’s stock worth $598,475,000 after purchasing an additional 1,029,727 shares in the last quarter. Pacer Advisors Inc. raised its stake in EOG Resources by 12.5% in the 4th quarter. Pacer Advisors Inc. now owns 3,065,042 shares of the energy exploration company’s stock worth $370,717,000 after purchasing an additional 340,902 shares in the last quarter. Westwood Holdings Group Inc. raised its stake in EOG Resources by 54.7% in the 4th quarter. Westwood Holdings Group Inc. now owns 944,212 shares of the energy exploration company’s stock worth $114,202,000 after purchasing an additional 333,901 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in EOG Resources by 2,013.5% in the 1st quarter. Assenagon Asset Management S.A. now owns 313,248 shares of the energy exploration company’s stock worth $40,046,000 after purchasing an additional 298,427 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

EOG Resources Price Performance

NYSE:EOG traded down $2.33 on Monday, hitting $126.92. The company had a trading volume of 2,087,648 shares, compared to its average volume of 3,205,811. The company has a current ratio of 2.32, a quick ratio of 2.05 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a 52 week low of $108.94 and a 52 week high of $139.67. The firm has a 50 day moving average of $124.98 and a two-hundred day moving average of $123.15. The stock has a market capitalization of $72.94 billion, a price-to-earnings ratio of 10.03, a PEG ratio of 1.78 and a beta of 1.30.

EOG Resources (NYSE:EOG) last announced its quarterly 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 firm had revenue of $6.12 billion during the quarter, compared to analysts’ expectations of $5.91 billion. During the same period in the prior year, the company posted $2.69 EPS. The company’s revenue was up 1.3% on a year-over-year basis. On average, research analysts anticipate that EOG Resources, Inc. will post 12.18 earnings per share for the current year.

EOG Resources Dividend Announcement

The firm also recently declared 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. This represents a $3.64 annualized dividend and a yield of 2.87%. The ex-dividend date is Wednesday, July 17th. EOG Resources’s dividend payout ratio (DPR) is currently 28.75%.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Scotiabank dropped their price objective on shares of EOG Resources from $155.00 to $150.00 and set a “sector perform” rating for the company in a research note on Friday, July 12th. Mizuho lifted their price objective on shares of EOG Resources from $140.00 to $156.00 and gave the stock a “buy” rating in a research note on Monday, May 13th. KeyCorp initiated coverage on shares of EOG Resources in a research note on Thursday, June 27th. They issued an “overweight” rating and a $157.00 price objective for the company. Wolfe Research initiated coverage on shares of EOG Resources in a research report on Thursday. They issued a “peer perform” rating for the company. Finally, Susquehanna boosted their target price on shares of EOG Resources from $147.00 to $155.00 and gave the company a “positive” rating in a research report on Monday, April 22nd. Fifteen investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, EOG Resources presently has a consensus rating of “Hold” and an average price target of $143.20.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, President Lloyd W. Helms, Jr. sold 1,296 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares were 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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, President Lloyd W. Helms, Jr. sold 1,296 shares of the stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $130.27, for a total transaction of $168,829.92. Following the completion of the sale, the president now directly owns 161,109 shares in the company, valued at $20,987,669.43. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Jeffrey R. Leitzell sold 7,802 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $130.07, for a total transaction of $1,014,806.14. Following the sale, the chief operating officer now owns 39,054 shares of the company’s stock, valued at $5,079,753.78. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,512 shares of company stock worth $2,144,972. 0.30% of the stock is currently owned by company insiders.

EOG Resources Company 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.