Coerente Capital Management Buys 4,561 Shares of EOG Resources, Inc. $EOG

Coerente Capital Management lifted its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 3.2% during the first quarter, Holdings Channel.com reports. The firm owned 148,737 shares of the energy exploration company’s stock after buying an additional 4,561 shares during the period. EOG Resources accounts for approximately 4.0% of Coerente Capital Management’s holdings, making the stock its 13th largest position. Coerente Capital Management’s holdings in EOG Resources were worth $21,503,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Bollard Group LLC raised its position in EOG Resources by 0.8% in the 3rd quarter. Bollard Group LLC now owns 11,747 shares of the energy exploration company’s stock worth $1,317,000 after purchasing an additional 93 shares during the last quarter. RKL Wealth Management LLC boosted its position in EOG Resources by 0.5% in the 3rd quarter. RKL Wealth Management LLC now owns 21,235 shares of the energy exploration company’s stock valued at $2,381,000 after buying an additional 98 shares during the last quarter. CoreFirst Bank & Trust boosted its position in EOG Resources by 18.5% in the 3rd quarter. CoreFirst Bank & Trust now owns 640 shares of the energy exploration company’s stock valued at $72,000 after buying an additional 100 shares during the last quarter. Ethos Financial Group LLC increased its stake in shares of EOG Resources by 2.5% in the 4th quarter. Ethos Financial Group LLC now owns 4,180 shares of the energy exploration company’s stock valued at $439,000 after buying an additional 100 shares during the period. Finally, Sumitomo Life Insurance Co. increased its stake in shares of EOG Resources by 0.4% in the 4th quarter. Sumitomo Life Insurance Co. now owns 22,784 shares of the energy exploration company’s stock valued at $2,393,000 after buying an additional 102 shares during the period. 89.91% of the stock is owned by institutional investors.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 5,698 shares of EOG Resources stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total transaction of $856,523.36. Following the transaction, the chief operating officer directly owned 88,045 shares of the company’s stock, valued at $13,234,924.40. This trade represents a 6.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on EOG shares. Capital One Financial cut their price target on EOG Resources from $161.00 to $159.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 3rd. Truist Financial boosted their price objective on EOG Resources from $146.00 to $149.00 and gave the stock a “hold” rating in a report on Friday, May 8th. Mizuho set a $157.00 target price on shares of EOG Resources and gave the company a “neutral” rating in a research report on Wednesday, May 27th. Weiss Ratings raised shares of EOG Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. Finally, JPMorgan Chase & Co. lifted their price target on shares of EOG Resources from $145.00 to $148.00 in a research report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and sixteen have given a Hold rating to the company. Based on data from MarketBeat, EOG Resources has a consensus rating of “Moderate Buy” and a consensus target price of $156.00.

EOG Resources Price Performance

Shares of EOG opened at $135.05 on Wednesday. The stock has a market cap of $71.93 billion, a P/E ratio of 13.29 and a beta of 0.25. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year high of $151.87. The stock’s 50-day moving average price is $135.85 and its two-hundred day moving average price is $125.19. The company has a current ratio of 1.72, a quick ratio of 1.53 and a debt-to-equity ratio of 0.26.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 EPS for the quarter, beating analysts’ consensus estimates of $3.23 by $0.18. The company had revenue of $6.92 billion during the quarter, compared to analysts’ expectations of $6.18 billion. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.EOG Resources’s revenue was up 22.1% on a year-over-year basis. During the same period in the prior year, the business posted $2.87 EPS. On average, equities analysts predict that EOG Resources, Inc. will post 16.64 earnings per share for the current year.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be issued a $1.02 dividend. The ex-dividend date is Friday, July 17th. This represents a $4.08 annualized dividend and a yield of 3.0%. EOG Resources’s dividend payout ratio (DPR) is 40.16%.

EOG Resources Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand?alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.