Fortem Financial Group LLC Buys 6,529 Shares of EOG Resources, Inc. $EOG

Fortem Financial Group LLC boosted its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 40.5% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 22,644 shares of the energy exploration company’s stock after buying an additional 6,529 shares during the quarter. Fortem Financial Group LLC’s holdings in EOG Resources were worth $3,274,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Franklin Resources Inc. grew its stake in shares of EOG Resources by 24.2% during the fourth quarter. Franklin Resources Inc. now owns 6,443,453 shares of the energy exploration company’s stock valued at $676,627,000 after buying an additional 1,257,110 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of EOG Resources by 70.5% during the 4th quarter. First Trust Advisors LP now owns 2,977,912 shares of the energy exploration company’s stock worth $312,711,000 after acquiring an additional 1,231,366 shares during the last quarter. Marshall Wace LLP lifted its stake in shares of EOG Resources by 474.7% during the 4th quarter. Marshall Wace LLP now owns 1,318,254 shares of the energy exploration company’s stock worth $138,430,000 after acquiring an additional 1,088,867 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in EOG Resources by 23.9% during the 4th quarter. Bank of New York Mellon Corp now owns 4,669,969 shares of the energy exploration company’s stock valued at $490,394,000 after acquiring an additional 901,897 shares during the period. Finally, Capital World Investors boosted its holdings in EOG Resources by 1.4% during the 3rd quarter. Capital World Investors now owns 54,907,949 shares of the energy exploration company’s stock valued at $6,156,495,000 after acquiring an additional 782,426 shares during the period. 89.91% of the stock is currently owned by institutional investors.

EOG Resources Trading Up 0.1%

EOG opened at $130.05 on Friday. The stock’s fifty day moving average is $135.96 and its two-hundred day moving average is $124.75. The company has a market capitalization of $69.27 billion, a P/E ratio of 12.80 and a beta of 0.25. EOG Resources, Inc. has a 52 week low of $101.59 and a 52 week high of $151.87. The company has a quick ratio of 1.53, a current ratio of 1.72 and a debt-to-equity ratio of 0.26.

EOG Resources (NYSE:EOG) last issued its earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share for the quarter, topping the consensus estimate of $3.23 by $0.18. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The business had revenue of $6.92 billion during the quarter, compared to analysts’ expectations of $6.18 billion. During the same period in the prior year, the business earned $2.87 EPS. The business’s revenue for the quarter was up 22.1% compared to the same quarter last year. Analysts forecast that EOG Resources, Inc. will post 16.63 earnings per share for the current year.

EOG Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Friday, July 17th. EOG Resources’s payout ratio is presently 40.16%.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 5,698 shares of the firm’s stock in a transaction dated 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 owned 88,045 shares of the company’s stock, valued at approximately $13,234,924.40. This trade represents a 6.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.14% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

EOG has been the topic of a number of recent analyst reports. Wall Street Zen upgraded EOG Resources from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Mizuho set a $157.00 target price on shares of EOG Resources and gave the company a “neutral” rating in a research note on Wednesday, May 27th. DA Davidson upped their price target on shares of EOG Resources from $148.00 to $153.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Truist Financial raised their price target on shares of EOG Resources from $146.00 to $149.00 and gave the stock a “hold” rating in a research note on Friday, May 8th. Finally, Williams Trading set a $177.00 price objective on shares of EOG Resources in a report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and sixteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $156.32.

About EOG Resources

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.