1832 Asset Management L.P. Boosts Holdings in EOG Resources, Inc. (NYSE:EOG)

1832 Asset Management L.P. boosted its position in shares of EOG Resources, Inc. (NYSE:EOG) by 48.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 108,748 shares of the energy exploration company’s stock after buying an additional 35,286 shares during the quarter. 1832 Asset Management L.P.’s holdings in EOG Resources were worth $13,902,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of EOG. Brookstone Capital Management boosted its stake in shares of EOG Resources by 25.3% during the fourth quarter. Brookstone Capital Management now owns 1,861 shares of the energy exploration company’s stock valued at $225,000 after purchasing an additional 376 shares during the period. Kingswood Wealth Advisors LLC purchased a new stake in shares of EOG Resources during the fourth quarter valued at $511,000. Procyon Advisors LLC raised its holdings in shares of EOG Resources by 15.3% in the fourth quarter. Procyon Advisors LLC now owns 5,717 shares of the energy exploration company’s stock valued at $692,000 after acquiring an additional 759 shares in the last quarter. WASHINGTON TRUST Co raised its holdings in EOG Resources by 179.6% in the fourth quarter. WASHINGTON TRUST Co now owns 643 shares of the energy exploration company’s stock worth $78,000 after purchasing an additional 413 shares in the last quarter. Finally, Inscription Capital LLC raised its holdings in EOG Resources by 120.8% in the fourth quarter. Inscription Capital LLC now owns 22,376 shares of the energy exploration company’s stock worth $2,706,000 after purchasing an additional 12,243 shares in the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at EOG Resources

In other news, CEO Ezra Y. Yacob sold 4,729 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $129.31, for a total transaction of $611,506.99. Following the transaction, the chief executive officer now directly owns 150,474 shares in the company, valued at $19,457,792.94. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Ezra Y. Yacob sold 4,729 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $129.31, for a total transaction of $611,506.99. Following the transaction, the chief executive officer now directly owns 150,474 shares in the company, valued at $19,457,792.94. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Michael P. Donaldson sold 2,685 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $130.29, for a total transaction of $349,828.65. Following the transaction, the executive vice president now owns 109,040 shares in the company, valued at $14,206,821.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,512 shares of company stock worth $2,144,972. Insiders own 0.30% of the company’s stock.

EOG Resources Trading Up 0.1 %

Shares of EOG traded up $0.11 during midday trading on Friday, reaching $127.15. The company had a trading volume of 2,214,477 shares, compared to its average volume of 2,510,345. The stock has a market cap of $73.07 billion, a PE ratio of 10.04, a price-to-earnings-growth ratio of 2.22 and a beta of 1.30. 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 1-year low of $108.94 and a 1-year high of $139.67. The firm has a 50 day simple moving average of $124.73 and a 200-day simple moving average of $123.34.

EOG Resources (NYSE:EOG) last announced its earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.70 by $0.12. The company had revenue of $6.12 billion during the quarter, compared to analyst estimates of $5.91 billion. EOG Resources had a net margin of 30.33% and a return on equity of 24.83%. EOG Resources’s revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the firm posted $2.69 earnings per share. Research analysts forecast that EOG Resources, Inc. will post 12.13 EPS 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. Shareholders of record on Wednesday, July 17th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Wednesday, July 17th. This represents a $3.64 annualized dividend and a yield of 2.86%. EOG Resources’s dividend payout ratio is currently 28.75%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on EOG shares. Benchmark reiterated a “hold” rating on shares of EOG Resources in a report on Tuesday, May 7th. Wolfe Research started coverage on shares of EOG Resources in a report on Thursday, July 18th. They set a “peer perform” rating on the stock. Scotiabank cut their price objective on shares of EOG Resources from $155.00 to $150.00 and set a “sector perform” rating on the stock in a report on Friday, July 12th. Barclays started coverage on shares of EOG Resources in a report on Wednesday, April 10th. They set an “equal weight” rating and a $144.00 price objective on the stock. Finally, Susquehanna upped their price objective on shares of EOG Resources from $147.00 to $155.00 and gave the company a “positive” rating in a report on Monday, April 22nd. Fifteen investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $143.20.

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.