Marion Wealth Management Acquires 576 Shares of EOG Resources, Inc. (NYSE:EOG)

Marion Wealth Management lifted its holdings in EOG Resources, Inc. (NYSE:EOG) by 4.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,930 shares of the energy exploration company’s stock after purchasing an additional 576 shares during the quarter. Marion Wealth Management’s holdings in EOG Resources were worth $1,658,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Mountain Lake Investment Management LLC bought a new stake in EOG Resources during the fourth quarter worth $735,000. Silvercrest Asset Management Group LLC raised its position in EOG Resources by 14.8% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 826,038 shares of the energy exploration company’s stock worth $101,256,000 after acquiring an additional 106,677 shares in the last quarter. Tobam bought a new stake in EOG Resources during the fourth quarter worth $352,000. Marble Harbor Investment Counsel LLC raised its position in EOG Resources by 3.2% during the fourth quarter. Marble Harbor Investment Counsel LLC now owns 103,037 shares of the energy exploration company’s stock worth $12,630,000 after acquiring an additional 3,150 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its position in EOG Resources by 10.1% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 119,112 shares of the energy exploration company’s stock worth $14,601,000 after acquiring an additional 10,910 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

Analysts Set New Price Targets

EOG has been the topic of several analyst reports. Piper Sandler dropped their price target on shares of EOG Resources from $135.00 to $133.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 22nd. Wall Street Zen lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. UBS Group dropped their price target on shares of EOG Resources from $165.00 to $160.00 and set a “buy” rating on the stock in a research report on Tuesday, March 4th. Scotiabank upgraded shares of EOG Resources from a “sector perform” rating to a “sector outperform” rating and decreased their price objective for the company from $150.00 to $130.00 in a report on Friday, April 11th. Finally, Raymond James reiterated a “strong-buy” rating on shares of EOG Resources in a report on Tuesday, May 20th. Eleven analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, EOG Resources currently has a consensus rating of “Moderate Buy” and an average price target of $139.79.

EOG Resources Trading Down 1.2%

EOG stock opened at $108.54 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The company’s 50-day simple moving average is $113.11 and its 200 day simple moving average is $123.22. EOG Resources, Inc. has a 52 week low of $102.52 and a 52 week high of $138.18. The company has a market capitalization of $59.24 billion, a PE ratio of 8.74, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, May 1st. The energy exploration company reported $2.87 EPS for the quarter, beating the consensus estimate of $2.75 by $0.12. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The business had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.92 billion. During the same period in the prior year, the company posted $2.82 earnings per share. EOG Resources’s revenue was down 7.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 17th will be paid a $0.975 dividend. The ex-dividend date of this dividend is Thursday, July 17th. This represents a $3.90 annualized dividend and a dividend yield of 3.59%. EOG Resources’s dividend payout ratio (DPR) is presently 36.18%.

Insider Activity at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total transaction of $515,767.12. Following the sale, the chief operating officer now directly owns 47,732 shares in the company, valued at $6,098,240.32. This represents a 7.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.13% of the stock is currently owned by corporate insiders.

EOG Resources Company Profile

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.