Ascent Group LLC Purchases 267 Shares of EOG Resources, Inc. (NYSE:EOG)

Ascent Group LLC boosted its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 1.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,412 shares of the energy exploration company’s stock after purchasing an additional 267 shares during the quarter. Ascent Group LLC’s holdings in EOG Resources were worth $1,970,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in EOG. Sachetta LLC bought a new stake in EOG Resources during the fourth quarter worth approximately $33,000. Keener Financial Planning LLC bought a new stake in EOG Resources during the fourth quarter worth approximately $36,000. Norwood Financial Corp bought a new stake in EOG Resources during the first quarter worth approximately $37,000. LifeSteps Financial Inc. bought a new stake in EOG Resources during the first quarter worth approximately $38,000. Finally, GoalVest Advisory LLC boosted its position in EOG Resources by 135.4% during the first quarter. GoalVest Advisory LLC now owns 306 shares of the energy exploration company’s stock worth $39,000 after purchasing an additional 176 shares during the period. Institutional investors own 89.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on EOG. Truist Financial cut their price target on EOG Resources from $136.00 to $130.00 and set a “hold” rating for the company in a report on Monday, July 22nd. Scotiabank cut their price target on EOG Resources from $155.00 to $150.00 and set a “sector perform” rating for the company in a report on Friday, July 12th. Barclays started coverage on EOG Resources in a report on Wednesday, April 10th. They set an “equal weight” rating and a $144.00 price target for the company. Bank of America restated a “buy” rating and issued a $151.00 target price on shares of EOG Resources in a research note on Friday, June 14th. Finally, Susquehanna upped 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. Fifteen research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $143.20.

EOG Resources Price Performance

Shares of EOG stock traded down $1.95 during trading hours on Monday, hitting $125.20. 2,343,619 shares of the company’s stock were exchanged, compared to its average volume of 3,182,712. The stock’s 50-day moving average is $124.73 and its 200-day moving average is $123.40. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.32 and a quick ratio of 2.05. The stock has a market cap of $71.95 billion, a price-to-earnings ratio of 9.82, a price-to-earnings-growth ratio of 2.22 and a beta of 1.30. EOG Resources, Inc. has a 52 week low of $108.94 and a 52 week high of $139.67.

EOG Resources (NYSE:EOG) last announced its earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 EPS for the quarter, topping the consensus estimate of $2.70 by $0.12. The company had revenue of $6.12 billion for the quarter, compared to analysts’ expectations of $5.91 billion. EOG Resources had a return on equity of 24.83% and a net margin of 30.33%. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.69 earnings per share. As a group, research analysts forecast that EOG Resources, Inc. will post 12.13 EPS for the current year.

EOG Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 2.91%. The ex-dividend date is Wednesday, July 17th. EOG Resources’s dividend payout ratio is 28.75%.

Insider Activity at EOG Resources

In other EOG Resources news, CEO Ezra Y. Yacob sold 4,729 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $129.31, for a total transaction of $611,506.99. Following the transaction, the chief executive officer now owns 150,474 shares in the company, valued at $19,457,792.94. The sale was disclosed in a document filed with the SEC, which is available through this link. In other EOG Resources news, CEO Ezra Y. Yacob sold 4,729 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $129.31, for a total transaction of $611,506.99. Following the transaction, the chief executive officer now owns 150,474 shares in the company, valued at $19,457,792.94. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, President Lloyd W. Helms, Jr. sold 1,296 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $130.27, for a total value of $168,829.92. Following the transaction, the president now owns 161,109 shares in the company, valued at approximately $20,987,669.43. The disclosure for this sale can be found here. Insiders have sold a total of 16,512 shares of company stock worth $2,144,972 over the last 90 days. Insiders own 0.30% of the company’s stock.

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.