EOG Resources, Inc. (NYSE:EOG) Shares Bought by Sagespring Wealth Partners LLC

Sagespring Wealth Partners LLC raised its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 48.7% in the 1st quarter, HoldingsChannel.com reports. The fund owned 7,601 shares of the energy exploration company’s stock after buying an additional 2,489 shares during the quarter. Sagespring Wealth Partners LLC’s holdings in EOG Resources were worth $975,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Wealthfront Advisers LLC raised its stake in shares of EOG Resources by 4,642.2% during the 4th quarter. Wealthfront Advisers LLC now owns 2,852,238 shares of the energy exploration company’s stock valued at $349,627,000 after buying an additional 2,792,092 shares during the last quarter. Capital World Investors raised its position in EOG Resources by 5.2% during the fourth quarter. Capital World Investors now owns 45,919,327 shares of the energy exploration company’s stock valued at $5,628,497,000 after acquiring an additional 2,270,013 shares in the last quarter. Raymond James Financial Inc. acquired a new position in EOG Resources in the fourth quarter valued at approximately $171,193,000. GAMMA Investing LLC boosted its position in EOG Resources by 14,784.1% in the 1st quarter. GAMMA Investing LLC now owns 1,281,374 shares of the energy exploration company’s stock worth $164,323,000 after purchasing an additional 1,272,765 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of EOG Resources by 4.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 18,192,314 shares of the energy exploration company’s stock worth $2,230,014,000 after purchasing an additional 781,282 shares during the period. 89.91% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total value of $515,767.12. Following the sale, the chief operating officer now directly owns 47,732 shares of the company’s stock, valued at approximately $6,098,240.32. The trade was a 7.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

EOG Resources Stock Up 1.2%

Shares of NYSE EOG opened at $124.64 on Wednesday. The company has a market capitalization of $68.03 billion, a P/E ratio of 11.56, a P/E/G ratio of 10.10 and a beta of 0.74. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.87 and a quick ratio of 1.71. The company has a 50 day simple moving average of $112.57 and a 200-day simple moving average of $121.70. EOG Resources, Inc. has a 1 year low of $102.52 and a 1 year high of $138.18.

EOG Resources (NYSE:EOG) last posted its earnings results 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. EOG Resources had a return on equity of 22.35% and a net margin of 26.14%. The company had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.92 billion. During the same quarter last year, the firm earned $2.82 earnings per share. The firm’s quarterly revenue was down 7.4% compared to the same quarter last year. On average, equities research analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 17th will be given a $1.02 dividend. The ex-dividend date is Friday, October 17th. This represents a $4.08 dividend on an annualized basis and a yield of 3.27%. This is a boost from EOG Resources’s previous quarterly dividend of $0.98. EOG Resources’s dividend payout ratio is presently 36.18%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Jefferies Financial Group restated a “buy” rating and set a $148.00 price target (up previously from $144.00) on shares of EOG Resources in a research report on Friday, June 13th. JPMorgan Chase & Co. cut their price target on EOG Resources from $149.00 to $132.00 and set a “neutral” rating for the company in a research note on Thursday, March 13th. Wells Fargo & Company increased their price target on EOG Resources from $146.00 to $148.00 and gave the stock an “overweight” rating in a research report on Monday. Mizuho cut their price objective on EOG Resources from $140.00 to $134.00 and set a “neutral” rating for the company in a research report on Tuesday, May 13th. Finally, Susquehanna reduced their target price on EOG Resources from $161.00 to $156.00 and set a “positive” rating for the company in a research note on Tuesday, April 22nd. Twelve research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $139.95.

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.