AssuredPartners Investment Advisors LLC Takes $201,000 Position in EOG Resources, Inc. (NYSE:EOG)

AssuredPartners Investment Advisors LLC bought a new stake in EOG Resources, Inc. (NYSE:EOG) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,565 shares of the energy exploration company’s stock, valued at approximately $201,000.

A number of other institutional investors also recently modified their holdings of the company. 1ST Source Bank raised its holdings in EOG Resources by 1.5% in the 4th quarter. 1ST Source Bank now owns 5,349 shares of the energy exploration company’s stock valued at $656,000 after acquiring an additional 80 shares during the period. Penobscot Investment Management Company Inc. raised its holdings in EOG Resources by 2.0% in the 4th quarter. Penobscot Investment Management Company Inc. now owns 4,065 shares of the energy exploration company’s stock valued at $498,000 after acquiring an additional 80 shares during the period. TD Private Client Wealth LLC raised its holdings in EOG Resources by 1.4% in the 4th quarter. TD Private Client Wealth LLC now owns 5,786 shares of the energy exploration company’s stock valued at $709,000 after acquiring an additional 81 shares during the period. Advisor OS LLC raised its holdings in EOG Resources by 3.1% in the 4th quarter. Advisor OS LLC now owns 2,751 shares of the energy exploration company’s stock valued at $337,000 after acquiring an additional 82 shares during the period. Finally, NBT Bank N A NY raised its holdings in EOG Resources by 3.9% in the 4th quarter. NBT Bank N A NY now owns 2,411 shares of the energy exploration company’s stock valued at $296,000 after acquiring an additional 90 shares during the period. Institutional investors own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Piper Sandler lowered their target price on shares of EOG Resources from $135.00 to $133.00 and set a “neutral” rating on the stock in a report on Tuesday, April 22nd. Jefferies Financial Group reaffirmed a “buy” rating and set a $148.00 target price (up from $144.00) on shares of EOG Resources in a report on Friday, June 13th. Bank of America lowered their target price on shares of EOG Resources from $125.00 to $124.00 and set a “neutral” rating on the stock in a report on Friday, May 23rd. Barclays raised their target price on shares of EOG Resources from $137.00 to $140.00 and gave the stock an “equal weight” rating in a report on Monday, June 2nd. Finally, Mizuho decreased their price objective on shares of EOG Resources from $140.00 to $134.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 13th. Twelve research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $139.48.

EOG Resources Price Performance

Shares of EOG opened at $119.89 on Thursday. EOG Resources, Inc. has a 1 year low of $102.52 and a 1 year high of $138.18. 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 market capitalization of $65.43 billion, a price-to-earnings ratio of 11.12, a price-to-earnings-growth ratio of 9.70 and a beta of 0.74. The business has a 50-day moving average of $114.28 and a 200-day moving average of $121.45.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $5.92 billion. During the same period last year, the company earned $2.82 earnings per share. The firm’s revenue was down 7.4% compared to the same quarter last year. As a group, equities research analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 17th will be issued a $1.02 dividend. This is an increase from EOG Resources’s previous quarterly dividend of $0.98. This represents a $4.08 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date of this dividend is Friday, October 17th. EOG Resources’s payout ratio is presently 36.18%.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of EOG Resources stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total value of $515,767.12. Following the completion of the sale, the chief operating officer now directly owns 47,732 shares in the company, valued at approximately $6,098,240.32. The trade was a 7.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

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.