Northwestern Mutual Wealth Management Co. Buys 4,006 Shares of EOG Resources, Inc. $EOG

Northwestern Mutual Wealth Management Co. boosted its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 13.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,268 shares of the energy exploration company’s stock after acquiring an additional 4,006 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in EOG Resources were worth $4,446,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Summitry LLC raised its stake in EOG Resources by 1.5% in the first quarter. Summitry LLC now owns 4,832 shares of the energy exploration company’s stock valued at $699,000 after purchasing an additional 73 shares in the last quarter. Twin Capital Management Inc. lifted its holdings in shares of EOG Resources by 0.3% during the 1st quarter. Twin Capital Management Inc. now owns 23,980 shares of the energy exploration company’s stock worth $3,467,000 after acquiring an additional 79 shares during the period. Sax Wealth Advisors LLC boosted its position in shares of EOG Resources by 2.8% during the 2nd quarter. Sax Wealth Advisors LLC now owns 2,907 shares of the energy exploration company’s stock worth $377,000 after acquiring an additional 79 shares in the last quarter. Paladin Wealth LLC lifted its stake in EOG Resources by 5.3% during the second quarter. Paladin Wealth LLC now owns 1,593 shares of the energy exploration company’s stock worth $207,000 after purchasing an additional 80 shares during the last quarter. Finally, Hardy Reed LLC lifted its stake in EOG Resources by 3.8% during the first quarter. Hardy Reed LLC now owns 2,251 shares of the energy exploration company’s stock worth $325,000 after purchasing an additional 82 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Barclays set a $147.00 price target on EOG Resources and gave the stock an “equal weight” rating in a report on Monday, August 17th. Truist Financial raised their target price on shares of EOG Resources from $134.00 to $153.00 and gave the company a “hold” rating in a research report on Thursday, August 6th. DA Davidson boosted their target price on shares of EOG Resources from $148.00 to $153.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Capital One Financial downgraded shares of EOG Resources from an “overweight” rating to an “equal weight” rating and set a $153.00 price target for the company. in a report on Wednesday, August 26th. Finally, UBS Group dropped their price target on EOG Resources from $168.00 to $158.00 and set a “buy” rating for the company in a research note on Thursday, July 2nd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seventeen have issued a Hold rating to the company’s stock. According to data from MarketBeat, EOG Resources presently has a consensus rating of “Hold” and a consensus target price of $157.04.

Insider Activity at EOG Resources

In other EOG Resources news, CEO Ezra Yacob sold 35,942 shares of the firm’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 transaction of $5,466,778.20. Following the completion of the transaction, the chief executive officer owned 242,451 shares in the company, valued at approximately $36,876,797.10. This trade represents a 12.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.14% of the stock is currently owned by corporate insiders.

EOG Resources Stock Down 2.0%

Shares of NYSE EOG opened at $145.93 on Friday. The company has a 50 day simple moving average of $141.24 and a 200 day simple moving average of $137.18. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.85 and a quick ratio of 1.68. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year high of $153.67. The firm has a market cap of $76.54 billion, a PE ratio of 11.36, a price-to-earnings-growth ratio of 0.55 and a beta of 0.26.

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

EOG Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Friday, October 16th. EOG Resources’s payout ratio is 31.75%.

EOG Resources Company 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.