2,532 Shares in EOG Resources, Inc. (NYSE:EOG) Purchased by Fort Sheridan Advisors LLC

Fort Sheridan Advisors LLC bought a new position in shares of EOG Resources, Inc. (NYSE:EOG) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,532 shares of the energy exploration company’s stock, valued at approximately $310,000.

Several other large investors have also recently modified their holdings of the business. Financial Life Planners purchased a new position in shares of EOG Resources in the fourth quarter valued at $25,000. Y.D. More Investments Ltd boosted its stake in EOG Resources by 149.4% in the 4th quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock worth $25,000 after purchasing an additional 121 shares during the period. Decker Retirement Planning Inc. purchased a new position in EOG Resources during the 4th quarter valued at about $27,000. Keystone Financial Group Inc. purchased a new position in EOG Resources during the 4th quarter valued at about $27,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of EOG Resources during the third quarter valued at about $31,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on EOG. Piper Sandler boosted their price objective on shares of EOG Resources from $140.00 to $141.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Citigroup raised their price target on shares of EOG Resources from $127.00 to $134.00 and gave the company a “neutral” rating in a report on Tuesday, November 26th. Barclays decreased their price target on shares of EOG Resources from $148.00 to $146.00 and set an “equal weight” rating on the stock in a report on Friday. Benchmark restated a “hold” rating on shares of EOG Resources in a research report on Monday, January 13th. Finally, Truist Financial upped their target price on EOG Resources from $135.00 to $137.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Twelve research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $145.30.

Insider Activity at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total value of $483,560.00. Following the completion of the sale, the chief operating officer now owns 42,703 shares in the company, valued at approximately $5,162,365.67. The trade was a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.30% of the stock is currently owned by company insiders.

EOG Resources Trading Down 2.8 %

EOG stock opened at $126.99 on Friday. The company has a market capitalization of $71.43 billion, a PE ratio of 10.22, a price-to-earnings-growth ratio of 3.58 and a beta of 1.27. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. EOG Resources, Inc. has a one year low of $113.83 and a one year high of $139.67. The company’s 50 day moving average price is $129.30 and its two-hundred day moving average price is $127.88.

EOG Resources (NYSE:EOG) last issued its earnings results on Friday, February 28th. The energy exploration company reported $2.74 EPS for the quarter, topping analysts’ consensus estimates of $2.55 by $0.19. The company had revenue of $5.59 billion for the quarter, compared to analysts’ expectations of $5.96 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. As a group, analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be paid a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date is Wednesday, April 16th. EOG Resources’s dividend payout ratio (DPR) is presently 31.40%.

EOG Resources announced that its Board of Directors has authorized a stock buyback plan on Thursday, November 7th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the energy exploration company to buy up to 7% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

About EOG Resources

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.