Lake Street Financial LLC Purchases 560 Shares of EOG Resources, Inc. (NYSE:EOG)

Lake Street Financial LLC raised its position in shares of EOG Resources, Inc. (NYSE:EOG – Get Rating) by 6.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,760 shares of the energy exploration company’s stock after acquiring an additional 560 shares during the period. Lake Street Financial LLC’s holdings in EOG Resources were worth $1,044,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. BDO Wealth Advisors LLC boosted its holdings in shares of EOG Resources by 476.2% during the first quarter. BDO Wealth Advisors LLC now owns 242 shares of the energy exploration company’s stock worth $29,000 after acquiring an additional 200 shares during the period. Rational Advisors LLC increased its position in shares of EOG Resources by 102.0% in the fourth quarter. Rational Advisors LLC now owns 303 shares of the energy exploration company’s stock worth $27,000 after purchasing an additional 153 shares during the period. Dixon Hughes Goodman Wealth Advisors LLC bought a new position in shares of EOG Resources in the fourth quarter worth $27,000. Capital Analysts LLC increased its position in shares of EOG Resources by 71.8% in the fourth quarter. Capital Analysts LLC now owns 390 shares of the energy exploration company’s stock worth $35,000 after purchasing an additional 163 shares during the period. Finally, Selective Wealth Management Inc. bought a new position in shares of EOG Resources in the first quarter worth $48,000. Institutional investors own 85.87% of the company’s stock.

EOG Resources Stock Performance

Shares of EOG opened at $107.01 on Friday. The stock’s 50-day simple moving average is $115.20 and its 200 day simple moving average is $116.81. The stock has a market capitalization of $62.68 billion, a price-to-earnings ratio of 10.98, a price-to-earnings-growth ratio of 0.21 and a beta of 1.61. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.26 and a current ratio of 1.35. EOG Resources, Inc. has a 52-week low of $62.81 and a 52-week high of $147.99.

EOG Resources (NYSE:EOG – Get Rating) last issued its quarterly earnings data on Thursday, August 4th. The energy exploration company reported $2.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.25 by ($1.51). The company had revenue of $7.41 billion for the quarter, compared to analysts’ expectations of $5.58 billion. EOG Resources had a return on equity of 32.21% and a net margin of 25.71%. The business’s revenue for the quarter was up 79.0% on a year-over-year basis. During the same period last year, the company posted $1.73 EPS. Research analysts forecast that EOG Resources, Inc. will post 15.63 EPS for the current fiscal year.

EOG Resources Increases Dividend

The business also recently disclosed a special dividend, which will be paid on Thursday, September 29th. Investors of record on Thursday, September 15th will be issued a dividend of $1.50 per share. This is a boost from EOG Resources’s previous special dividend of $1.00. The ex-dividend date of this dividend is Wednesday, September 14th. EOG Resources’s dividend payout ratio is 30.77%.

Analyst Ratings Changes

A number of brokerages recently commented on EOG. TD Securities upgraded EOG Resources from a “hold” rating to a “buy” rating and set a $135.00 price target on the stock in a research report on Friday. Barclays set a $165.00 price objective on EOG Resources in a research note on Tuesday, July 19th. Susquehanna Bancshares lifted their price objective on EOG Resources from $135.00 to $147.00 in a research note on Monday, April 25th. Raymond James raised EOG Resources from an “outperform” rating to a “strong-buy” rating and set a $170.00 price objective on the stock in a research note on Tuesday, May 10th. Finally, KeyCorp boosted their price target on EOG Resources from $136.00 to $140.00 and gave the company an “overweight” rating in a research note on Thursday, May 26th. Four investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, EOG Resources presently has a consensus rating of “Moderate Buy” and a consensus price target of $142.05.

Insiders Place Their Bets

In other EOG Resources news, CFO Timothy K. Driggers sold 3,484 shares of the company’s stock in a transaction dated Friday, May 27th. The stock was sold at an average price of $135.51, for a total value of $472,116.84. Following the transaction, the chief financial officer now directly owns 214,691 shares in the company, valued at approximately $29,092,777.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other EOG Resources news, CFO Timothy K. Driggers sold 3,484 shares of the company’s stock in a transaction dated Friday, May 27th. The stock was sold at an average price of $135.51, for a total value of $472,116.84. Following the transaction, the chief financial officer now directly owns 214,691 shares in the company, valued at approximately $29,092,777.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kenneth W. Boedeker sold 1,006 shares of the company’s stock in a transaction dated Friday, June 3rd. The stock was sold at an average price of $142.32, for a total value of $143,173.92. Following the completion of the transaction, the executive vice president now owns 16,880 shares in the company, valued at $2,402,361.60. The disclosure for this sale can be found here. Insiders have sold 6,395 shares of company stock worth $883,134 in the last ninety days. 0.40% of the stock is currently owned by insiders.

About EOG Resources

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EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, and natural gas and natural gas liquids. Its principal producing areas are in New Mexico and Texas in the United States; and the Republic of Trinidad and Tobago. As of December 31, 2021, it had total estimated net proved reserves of 3,747 million barrels of oil equivalent, including 1,548 million barrels (MMBbl) of crude oil and condensate reserves; 829 MMBbl of natural gas liquid reserves; and 8,222 billion cubic feet of natural gas reserves.