Aaron Wealth Advisors LLC Acquires 150 Shares of EOG Resources, Inc. (NYSE:EOG)

Aaron Wealth Advisors LLC lifted its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 2.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,644 shares of the energy exploration company’s stock after purchasing an additional 150 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in EOG Resources were worth $724,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mainstream Capital Management LLC bought a new stake in shares of EOG Resources during the fourth quarter worth $25,000. Lee Danner & Bass Inc. bought a new stake in EOG Resources during the 4th quarter worth approximately $28,000. Heritage Wealth Advisors grew its stake in shares of EOG Resources by 562.2% in the fourth quarter. Heritage Wealth Advisors now owns 245 shares of the energy exploration company’s stock worth $30,000 after purchasing an additional 208 shares during the last quarter. Alpine Bank Wealth Management bought a new stake in shares of EOG Resources in the 1st quarter valued at about $34,000. Finally, Ameriflex Group Inc. bought a new stake in EOG Resources in the fourth quarter valued at approximately $36,000. Institutional investors own 89.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Morgan Stanley set a $135.00 price target on shares of EOG Resources and gave the company an “equal weight” rating in a research report on Monday, June 2nd. Williams Trading set a $154.00 price objective on shares of EOG Resources in a research note on Wednesday, March 5th. UBS Group reiterated a “buy” rating and set a $140.00 price target (up from $135.00) on shares of EOG Resources in a report on Tuesday, June 3rd. Piper Sandler lowered their price target 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. Finally, Scotiabank raised shares of EOG Resources from a “sector perform” rating to a “sector outperform” rating and lowered their target price for the company from $150.00 to $130.00 in a report on Friday, April 11th. Twelve research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $139.48.

EOG Resources Stock Performance

NYSE:EOG opened at $122.94 on Thursday. The company has a 50-day moving average of $115.33 and a 200-day moving average of $121.24. EOG Resources, Inc. has a twelve month low of $102.52 and a twelve month high of $138.18. The company has a current ratio of 1.87, a quick ratio of 1.71 and a debt-to-equity ratio of 0.12. The firm has a market cap of $67.10 billion, a price-to-earnings ratio of 11.40, a price-to-earnings-growth ratio of 9.74 and a beta of 0.76.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share (EPS) for the quarter, beating 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 business had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.92 billion. During the same period in the previous year, the company earned $2.82 EPS. The firm’s revenue was down 7.4% on a year-over-year basis. Analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 17th will be issued a $1.02 dividend. The ex-dividend date is Friday, October 17th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.32%. This is a positive change from EOG Resources’s previous quarterly dividend of $0.98. EOG Resources’s dividend payout ratio (DPR) is currently 36.18%.

Insider Buying and Selling at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 3,951 shares of the stock in a transaction on Monday, June 30th. The shares were sold at an average price of $119.65, for a total transaction of $472,737.15. Following the completion of the transaction, the chief operating officer owned 45,739 shares in the company, valued at approximately $5,472,671.35. This represents a 7.95% 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.

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.