Cary Street Partners Investment Advisory LLC Has $524,000 Stake in EOG Resources, Inc. (NYSE:EOG)

Cary Street Partners Investment Advisory LLC raised its stake in shares of EOG Resources, Inc. (NYSE:EOGFree Report) by 88.6% during the 4th quarter, HoldingsChannel reports. The firm owned 4,334 shares of the energy exploration company’s stock after purchasing an additional 2,036 shares during the quarter. Cary Street Partners Investment Advisory LLC’s holdings in EOG Resources were worth $524,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Qube Research & Technologies Ltd lifted its position in EOG Resources by 863.4% during the 3rd quarter. Qube Research & Technologies Ltd now owns 1,100,068 shares of the energy exploration company’s stock worth $139,445,000 after acquiring an additional 985,884 shares during the last quarter. Ameriprise Financial Inc. increased its position in EOG Resources by 8.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 11,532,527 shares of the energy exploration company’s stock worth $1,462,966,000 after buying an additional 892,951 shares during the period. J.P. Morgan Private Wealth Advisors LLC acquired a new stake in shares of EOG Resources in the third quarter worth $71,596,000. Invesco Ltd. raised its stake in EOG Resources by 15.2% during the 3rd quarter. Invesco Ltd. now owns 3,495,485 shares of the energy exploration company’s stock valued at $443,088,000 after purchasing an additional 460,872 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in shares of EOG Resources by 38.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,474,807 shares of the energy exploration company’s stock worth $186,946,000 after purchasing an additional 408,833 shares during the period. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other EOG Resources news, President Lloyd W. Helms, Jr. sold 1,296 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $130.27, for a total transaction of $168,829.92. Following the transaction, the president now owns 161,109 shares of the company’s stock, valued at $20,987,669.43. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, President Lloyd W. Helms, Jr. sold 1,296 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $130.27, for a total value of $168,829.92. Following the completion of the sale, the president now directly owns 161,109 shares of the company’s stock, valued at $20,987,669.43. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Michael P. Donaldson sold 2,685 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $130.29, for a total value of $349,828.65. Following the transaction, the executive vice president now directly owns 109,040 shares in the company, valued at $14,206,821.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,783 shares of company stock valued at $1,533,465. 0.20% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have commented on EOG. KeyCorp raised their price objective on EOG Resources from $147.00 to $157.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. Truist Financial lowered their target price on shares of EOG Resources from $165.00 to $163.00 and set a “buy” rating on the stock in a research note on Friday, April 5th. Scotiabank lowered EOG Resources from a “sector outperform” rating to a “sector perform” rating and upped their price objective for the company from $135.00 to $155.00 in a research note on Thursday, April 11th. StockNews.com upgraded EOG Resources from a “hold” rating to a “buy” rating in a research report on Thursday, May 9th. Finally, Susquehanna upped their price target on EOG Resources from $147.00 to $155.00 and gave the company a “positive” rating in a research report on Monday, April 22nd. Fourteen 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, the company presently has an average rating of “Hold” and an average price target of $143.05.

View Our Latest Stock Report on EOG Resources

EOG Resources Trading Up 0.0 %

NYSE EOG opened at $129.43 on Wednesday. The stock has a market capitalization of $74.38 billion, a price-to-earnings ratio of 10.22 and a beta of 1.38. EOG Resources, Inc. has a 52 week low of $106.32 and a 52 week high of $139.67. The stock’s 50 day moving average price is $129.36 and its two-hundred day moving average price is $122.34. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.05 and a current ratio of 2.32.

EOG Resources (NYSE:EOGGet Free Report) last released its quarterly earnings data on Thursday, May 2nd. The energy exploration company reported $2.82 EPS for the quarter, beating the consensus estimate of $2.70 by $0.12. The company had revenue of $6.12 billion during the quarter, compared to the consensus estimate of $5.91 billion. EOG Resources had a return on equity of 24.83% and a net margin of 30.33%. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.69 EPS. As a group, analysts anticipate that EOG Resources, Inc. will post 12.12 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be paid a dividend of $0.91 per share. The ex-dividend date is Wednesday, July 17th. This represents a $3.64 annualized dividend and a dividend yield of 2.81%. EOG Resources’s dividend payout ratio is presently 28.75%.

About EOG Resources

(Free Report)

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.

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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