Impact Capital Partners LLC Buys Shares of 5,288 EOG Resources, Inc. (NYSE:EOG)

Impact Capital Partners LLC bought a new stake in EOG Resources, Inc. (NYSE:EOG) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 5,288 shares of the energy exploration company’s stock, valued at approximately $648,000.

Other hedge funds have also made changes to their positions in the company. Financial Life Planners purchased a new stake in shares of EOG Resources during the fourth quarter worth approximately $25,000. Y.D. More Investments Ltd increased 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 valued at $25,000 after purchasing an additional 121 shares during the last quarter. Mainstream Capital Management LLC purchased a new position in shares of EOG Resources during the fourth quarter worth 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. acquired a new stake in shares of EOG Resources during the fourth quarter worth $27,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on EOG. Wells Fargo & Company raised EOG Resources from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $147.00 to $150.00 in a report on Tuesday, December 17th. StockNews.com lowered EOG Resources from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Barclays reduced their price target on EOG Resources from $148.00 to $146.00 and set an “equal weight” rating on the stock in a research report on Friday, February 28th. Truist Financial boosted their price target on EOG Resources from $135.00 to $137.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Finally, Piper Sandler cut their target price on EOG Resources from $141.00 to $135.00 and set a “neutral” rating on the stock in a research report on Thursday, March 6th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $146.19.

EOG Resources Stock Down 0.3 %

Shares of NYSE:EOG opened at $124.18 on Thursday. The business has a fifty day simple moving average of $129.67 and a 200 day simple moving average of $127.70. EOG Resources, Inc. has a 12-month low of $115.78 and a 12-month high of $139.67. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The firm has a market cap of $68.78 billion, a P/E ratio of 10.00, a P/E/G ratio of 3.58 and a beta of 1.25.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.55 by $0.19. The business had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.96 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. Analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be given a $0.975 dividend. The ex-dividend date is Wednesday, April 16th. This represents a $3.90 annualized dividend and a yield of 3.14%. EOG Resources’s dividend payout ratio (DPR) is presently 34.73%.

Insider Buying and Selling

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total transaction of $483,560.00. Following the completion of the sale, the chief operating officer now directly owns 42,703 shares in the company, valued at $5,162,365.67. This represents a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.30% of the stock is owned by company insiders.

EOG Resources 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.