Kimelman & Baird LLC Buys New Position in EOG Resources, Inc. $EOG

Kimelman & Baird LLC bought a new stake in shares of EOG Resources, Inc. (NYSE:EOG) during the second quarter, Holdings Channel reports. The institutional investor bought 9,400 shares of the energy exploration company’s stock, valued at approximately $1,219,000.

Other institutional investors have also bought and sold shares of the company. SJS Investment Consulting Inc. increased its stake in shares of EOG Resources by 225.5% during the 1st quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock worth $26,000 after purchasing an additional 124 shares during the last quarter. Financial Life Planners bought a new position in shares of EOG Resources during the first quarter valued at about $30,000. Acumen Wealth Advisors LLC bought a new stake in EOG Resources in the fourth quarter valued at approximately $25,000. Wedbush Fund Advisers LLC purchased a new position in shares of EOG Resources in the second quarter valued at about $31,000. Finally, Prosperity Bancshares Inc purchased a new position in EOG Resources during the 4th quarter valued at about $26,000. Institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Down 0.7%

NYSE:EOG opened at $143.53 on Friday. EOG Resources, Inc. has a fifty-two week low of $101.59 and a fifty-two week high of $153.67. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.68 and a current ratio of 1.85. The stock has a market capitalization of $75.29 billion, a P/E ratio of 11.17, a P/E/G ratio of 0.54 and a beta of 0.25. The company’s 50-day simple moving average is $140.20 and its 200-day simple moving average is $136.19.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Tuesday, August 4th. The energy exploration company reported $5.07 EPS for the quarter, beating the consensus estimate of $4.97 by $0.10. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The business had revenue of $8.62 billion for the quarter, compared to the consensus estimate of $8.04 billion. During the same period in the prior year, the firm earned $2.32 EPS. The business’s revenue for the quarter was up 57.4% on a year-over-year basis. On average, equities analysts anticipate that EOG Resources, Inc. will post 16.87 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 16th will be issued a dividend of $1.02 per share. The ex-dividend date is Friday, October 16th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.8%. EOG Resources’s dividend payout ratio (DPR) is currently 31.75%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Truist Financial lifted their price objective on EOG Resources from $134.00 to $153.00 and gave the company a “hold” rating in a research report on Thursday, August 6th. Susquehanna reaffirmed a “positive” rating and issued a $170.00 price objective (up from $166.00) on shares of EOG Resources in a research report on Tuesday, July 21st. JPMorgan Chase & Co. reduced their price target on shares of EOG Resources from $148.00 to $142.00 and set a “neutral” rating for the company in a research note on Tuesday, June 30th. Capital One Financial downgraded EOG Resources from an “overweight” rating to an “equal weight” rating and set a $153.00 target price on the stock. in a report on Wednesday. Finally, Morgan Stanley set a $157.00 target price on EOG Resources and gave the stock an “equal weight” rating in a report on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seventeen have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $156.33.

Insider Activity at EOG Resources

In other news, CEO Ezra Y. Yacob sold 35,942 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $152.10, for a total value of $5,466,778.20. Following the sale, the chief executive officer directly owned 242,451 shares of the company’s stock, valued at approximately $36,876,797.10. The trade was a 12.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.14% of the stock is currently owned by company insiders.

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.