Regal Investment Advisors LLC Buys 445 Shares of EOG Resources, Inc. (NYSE:EOG)

Regal Investment Advisors LLC raised its stake in EOG Resources, Inc. (NYSE:EOG) by 1.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,076 shares of the energy exploration company’s stock after buying an additional 445 shares during the period. Regal Investment Advisors LLC’s holdings in EOG Resources were worth $4,422,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Financial Life Planners bought a new stake in EOG Resources during the fourth quarter worth about $25,000. Y.D. More Investments Ltd boosted its stake in EOG Resources by 149.4% in the fourth 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 in the last quarter. Mainstream Capital Management LLC bought a new position in EOG Resources during the fourth quarter valued at approximately $25,000. Decker Retirement Planning Inc. purchased a new position in shares of EOG Resources during the fourth quarter worth approximately $27,000. Finally, Keystone Financial Group Inc. purchased a new stake in shares of EOG Resources in the 4th quarter valued at $27,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Performance

Shares of EOG stock opened at $107.63 on Tuesday. The company’s fifty day moving average price is $123.87 and its 200-day moving average price is $126.91. The stock has a market cap of $59.36 billion, a PE ratio of 8.67, a price-to-earnings-growth ratio of 3.58 and a beta of 0.93. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a 12 month low of $102.52 and a 12 month high of $138.18.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Friday, February 28th. The energy exploration company reported $2.74 EPS for the quarter, topping the consensus estimate of $2.55 by $0.19. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The business had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.96 billion. On average, equities analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Dividend Announcement

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

Analysts Set New Price Targets

Several analysts have weighed in on the stock. StockNews.com downgraded shares of EOG Resources from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Barclays decreased their price target on EOG Resources from $146.00 to $144.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 18th. Truist Financial lifted their target price on shares of EOG Resources from $135.00 to $137.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Wells Fargo & Company dropped their price target on shares of EOG Resources from $150.00 to $146.00 and set an “overweight” rating for the company in a research report on Thursday, March 13th. Finally, Williams Trading set a $154.00 price objective on shares of EOG Resources in a research report on Wednesday, March 5th. Twelve investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, EOG Resources presently has a consensus rating of “Moderate Buy” and an average price target of $144.19.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of EOG Resources stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total value of $515,767.12. Following the completion of the transaction, the chief operating officer now owns 47,732 shares of the company’s stock, valued at $6,098,240.32. The trade was a 7.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.30% of the stock is owned by company 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.