Belpointe Asset Management LLC Buys 1,455 Shares of EOG Resources, Inc. (NYSE:EOG)

Belpointe Asset Management LLC grew its stake in EOG Resources, Inc. (NYSE:EOG) by 8.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 18,480 shares of the energy exploration company’s stock after acquiring an additional 1,455 shares during the period. Belpointe Asset Management LLC’s holdings in EOG Resources were worth $2,381,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the stock. Y Intercept Hong Kong Ltd bought a new stake in shares of EOG Resources during the third quarter worth approximately $516,000. Westside Investment Management Inc. lifted its holdings in EOG Resources by 15.7% during the 3rd quarter. Westside Investment Management Inc. now owns 1,840 shares of the energy exploration company’s stock worth $226,000 after purchasing an additional 250 shares during the last quarter. Chelsea Counsel Co. boosted its stake in EOG Resources by 2.0% in the 3rd quarter. Chelsea Counsel Co. now owns 5,215 shares of the energy exploration company’s stock valued at $641,000 after purchasing an additional 100 shares during the period. World Investment Advisors LLC acquired a new position in EOG Resources in the 3rd quarter valued at $730,000. Finally, Wilmington Savings Fund Society FSB increased its position in EOG Resources by 26.8% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 71,766 shares of the energy exploration company’s stock worth $8,822,000 after buying an additional 15,186 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Trading Down 0.8 %

NYSE EOG opened at $107.63 on Tuesday. EOG Resources, Inc. has a twelve month low of $102.52 and a twelve month high of $138.18. The business’s fifty day moving average is $123.87 and its 200 day moving average is $126.91. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The company has a market cap of $59.36 billion, a price-to-earnings ratio of 8.67, a price-to-earnings-growth ratio of 3.58 and a beta of 0.93.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 23.77% and a net margin of 29.18%. As a group, sell-side analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be paid a dividend of $0.975 per share. This represents a $3.90 annualized dividend and a dividend yield of 3.62%. The ex-dividend date of this dividend is Wednesday, April 16th. EOG Resources’s payout ratio is currently 34.73%.

Insider Transactions at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of the firm’s 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 completion of the transaction, the chief operating officer now directly owns 47,732 shares in the company, valued at $6,098,240.32. This trade represents a 7.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on EOG shares. StockNews.com downgraded shares of EOG Resources from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Scotiabank raised shares of EOG Resources from a “sector perform” rating to a “sector outperform” rating and lowered their target price for the stock from $150.00 to $130.00 in a report on Friday. JPMorgan Chase & Co. cut their price target on EOG Resources from $149.00 to $132.00 and set a “neutral” rating for the company in a research note on Thursday, March 13th. Truist Financial raised their price objective on EOG Resources from $135.00 to $137.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Finally, Raymond James upped their target price on EOG Resources from $167.00 to $175.00 and gave the company a “strong-buy” rating in a research report on Thursday, January 23rd. Twelve research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, EOG Resources presently has an average rating of “Moderate Buy” and an average target price of $144.19.

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.