Seizert Capital Partners LLC Increases Stake in EOG Resources, Inc. (NYSE:EOG)

Seizert Capital Partners LLC raised its holdings in EOG Resources, Inc. (NYSE:EOG) by 4.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,673 shares of the energy exploration company’s stock after buying an additional 882 shares during the period. Seizert Capital Partners LLC’s holdings in EOG Resources were worth $2,908,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of EOG. Baader Bank Aktiengesellschaft raised its stake in shares of EOG Resources by 2.1% in the first quarter. Baader Bank Aktiengesellschaft now owns 5,573 shares of the energy exploration company’s stock valued at $711,000 after acquiring an additional 114 shares in the last quarter. Woodley Farra Manion Portfolio Management Inc. raised its position in EOG Resources by 1.2% in the 1st quarter. Woodley Farra Manion Portfolio Management Inc. now owns 325,123 shares of the energy exploration company’s stock valued at $41,694,000 after purchasing an additional 3,787 shares in the last quarter. Arkadios Wealth Advisors boosted its stake in shares of EOG Resources by 9.5% in the 1st quarter. Arkadios Wealth Advisors now owns 13,180 shares of the energy exploration company’s stock valued at $1,690,000 after buying an additional 1,146 shares during the period. Bayforest Capital Ltd boosted its stake in shares of EOG Resources by 275.9% in the 1st quarter. Bayforest Capital Ltd now owns 3,804 shares of the energy exploration company’s stock valued at $488,000 after buying an additional 2,792 shares during the period. Finally, XTX Topco Ltd grew its position in shares of EOG Resources by 20.0% during the first quarter. XTX Topco Ltd now owns 24,249 shares of the energy exploration company’s stock worth $3,110,000 after buying an additional 4,044 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on EOG shares. Scotiabank upgraded shares of EOG Resources from a “sector perform” rating to a “sector outperform” rating and decreased their price target for the stock from $150.00 to $130.00 in a research note on Friday, April 11th. Royal Bank Of Canada decreased their price objective on shares of EOG Resources from $145.00 to $140.00 and set an “outperform” rating for the company in a research report on Tuesday, July 8th. Piper Sandler dropped their target price on EOG Resources from $138.00 to $136.00 and set a “neutral” rating on the stock in a report on Thursday, July 17th. UBS Group restated a “buy” rating and issued a $140.00 price target (up from $135.00) on shares of EOG Resources in a research note on Tuesday, June 3rd. Finally, KeyCorp lowered their price objective on EOG Resources from $150.00 to $140.00 and set an “overweight” rating for the company in a research report on Monday, April 21st. Twelve research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, EOG Resources has a consensus rating of “Moderate Buy” and an average target price of $140.62.

EOG Resources Stock Performance

Shares of EOG stock opened at $123.16 on Wednesday. The company has a current ratio of 1.87, a quick ratio of 1.71 and a debt-to-equity ratio of 0.12. The stock has a 50 day simple moving average of $118.45 and a 200-day simple moving average of $120.88. The company has a market cap of $67.22 billion, a price-to-earnings ratio of 11.42, a price-to-earnings-growth ratio of 9.35 and a beta of 0.76. EOG Resources, Inc. has a 12-month low of $102.52 and a 12-month high of $138.18.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.75 by $0.12. The firm had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.92 billion. EOG Resources had a return on equity of 22.35% and a net margin of 26.14%. EOG Resources’s revenue was down 7.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.82 earnings per share. On average, equities analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 17th will be issued a dividend of $1.02 per share. The ex-dividend date is Friday, October 17th. This represents a $4.08 dividend on an annualized basis and a yield of 3.31%. This is an increase from EOG Resources’s previous quarterly dividend of $0.98. EOG Resources’s payout ratio is currently 36.18%.

Insider Buying and Selling

In other EOG Resources news, COO Jeffrey R. Leitzell sold 3,951 shares of the stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $119.65, for a total value of $472,737.15. Following the completion of the transaction, the chief operating officer directly owned 45,739 shares of the company’s stock, valued at approximately $5,472,671.35. This trade represents a 7.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.13% of the company’s stock.

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.