PAX Financial Group LLC Acquires 153 Shares of EOG Resources, Inc. (NYSE:EOG)

PAX Financial Group LLC increased its holdings in EOG Resources, Inc. (NYSE:EOG) by 4.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 3,489 shares of the energy exploration company’s stock after purchasing an additional 153 shares during the period. PAX Financial Group LLC’s holdings in EOG Resources were worth $428,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of EOG. Hilltop Holdings Inc. increased its stake in shares of EOG Resources by 93.9% in the third quarter. Hilltop Holdings Inc. now owns 4,695 shares of the energy exploration company’s stock valued at $577,000 after buying an additional 2,274 shares during the period. Integrated Wealth Concepts LLC lifted its position in shares of EOG Resources by 9.4% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 4,495 shares of the energy exploration company’s stock worth $553,000 after purchasing an additional 387 shares during the period. IHT Wealth Management LLC boosted its stake in shares of EOG Resources by 28.7% in the 3rd quarter. IHT Wealth Management LLC now owns 4,940 shares of the energy exploration company’s stock valued at $610,000 after purchasing an additional 1,101 shares during the last quarter. Royal London Asset Management Ltd. increased its position in shares of EOG Resources by 2.6% during the third quarter. Royal London Asset Management Ltd. now owns 271,452 shares of the energy exploration company’s stock worth $33,370,000 after buying an additional 6,940 shares during the period. Finally, Quarry LP raised its stake in EOG Resources by 1,004.5% during the third quarter. Quarry LP now owns 729 shares of the energy exploration company’s stock worth $90,000 after buying an additional 663 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total transaction of $515,767.12. Following the sale, the chief operating officer now owns 47,732 shares of the company’s stock, valued at approximately $6,098,240.32. This represents a 7.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

EOG has been the subject of a number of recent analyst reports. UBS Group decreased their price target on EOG Resources from $165.00 to $160.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. Benchmark reiterated a “hold” rating on shares of EOG Resources in a report on Monday, January 13th. Raymond James boosted their price target on EOG Resources from $167.00 to $175.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 23rd. Wolfe Research raised shares of EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective for the company in a research report on Friday, January 3rd. Finally, Piper Sandler dropped their target price on shares of EOG Resources from $141.00 to $135.00 and set a “neutral” rating on the stock in a research report on Thursday, March 6th. Thirteen investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $144.67.

EOG Resources Price Performance

Shares of NYSE:EOG opened at $110.39 on Friday. EOG Resources, Inc. has a fifty-two week low of $109.20 and a fifty-two week high of $139.67. The company’s 50-day moving average is $127.14 and its 200 day moving average is $127.80. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The company has a market capitalization of $60.88 billion, a P/E ratio of 8.89, a price-to-earnings-growth ratio of 3.58 and a beta of 0.93.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 EPS for the quarter, beating analysts’ consensus estimates of $2.55 by $0.19. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The firm had revenue of $5.59 billion for the quarter, compared to analysts’ expectations of $5.96 billion. On average, equities research analysts forecast that EOG Resources, Inc. will post 11.47 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, April 30th. Investors of record on Wednesday, April 16th will be paid a dividend of $0.975 per share. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date of this dividend is Wednesday, April 16th. EOG Resources’s payout ratio is currently 34.73%.

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.