EOG Resources, Inc. (NYSE:EOG) Shares Acquired by Inspire Advisors LLC

Inspire Advisors LLC lifted its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 37.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,924 shares of the energy exploration company’s stock after purchasing an additional 3,506 shares during the quarter. Inspire Advisors LLC’s holdings in EOG Resources were worth $1,584,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Financial Life Planners purchased a new position in shares of EOG Resources in the 4th quarter worth $25,000. Y.D. More Investments Ltd raised its position in shares of 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 buying an additional 121 shares during the period. Mainstream Capital Management LLC purchased a new position in shares of EOG Resources in the 4th quarter worth $25,000. Decker Retirement Planning Inc. purchased a new position in shares of EOG Resources in the 4th quarter worth $27,000. Finally, Keystone Financial Group Inc. purchased a new position in shares of EOG Resources in the 4th quarter worth $27,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Stock Up 0.5 %

NYSE:EOG opened at $125.83 on Tuesday. The company has a market capitalization of $69.70 billion, a price-to-earnings ratio of 10.13, a price-to-earnings-growth ratio of 3.58 and a beta of 1.25. EOG Resources, Inc. has a one year low of $115.78 and a one year high of $139.67. The stock has a 50-day simple moving average of $129.60 and a 200 day simple moving average of $127.75. 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 (NYSE:EOG) last issued its 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 company had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.96 billion. Sell-side analysts predict that EOG Resources, Inc. will post 11.47 EPS 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. Shareholders of record on Wednesday, April 16th will be paid a $0.975 dividend. The ex-dividend date is Wednesday, April 16th. This represents a $3.90 dividend on an annualized basis and a yield of 3.10%. EOG Resources’s payout ratio is currently 34.73%.

Analysts Set New Price Targets

Several brokerages recently weighed in on EOG. Piper Sandler cut their target price on EOG Resources from $141.00 to $135.00 and set a “neutral” rating on the stock in a research report on Thursday, March 6th. Benchmark reissued a “hold” rating on shares of EOG Resources in a research report on Monday, January 13th. Barclays cut their price objective on EOG Resources from $148.00 to $146.00 and set an “equal weight” rating on the stock in a research report on Friday, February 28th. Williams Trading set a $154.00 price objective on EOG Resources in a research report on Wednesday, March 5th. Finally, UBS Group cut their price objective on EOG Resources from $165.00 to $160.00 and set a “buy” rating on the stock in a research report on Tuesday, March 4th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, EOG Resources currently has an average rating of “Hold” and a consensus price target of $146.19.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources 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 transaction, the chief operating officer now directly owns 42,703 shares in the company, valued at $5,162,365.67. The trade was a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.30% of the stock is currently owned by insiders.

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.