Moran Wealth Management LLC Has $30.47 Million Stock Holdings in EOG Resources, Inc. $EOG

Moran Wealth Management LLC lifted its position in EOG Resources, Inc. (NYSE:EOG) by 6.3% during the 4th quarter, Holdings Channel reports. The firm owned 290,119 shares of the energy exploration company’s stock after buying an additional 17,232 shares during the quarter. EOG Resources makes up 0.9% of Moran Wealth Management LLC’s investment portfolio, making the stock its 14th biggest holding. Moran Wealth Management LLC’s holdings in EOG Resources were worth $30,465,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in EOG. Sivia Capital Partners LLC bought a new stake in EOG Resources during the second quarter worth about $258,000. Quantbot Technologies LP bought a new position in shares of EOG Resources in the second quarter valued at approximately $349,000. Gamco Investors INC. ET AL raised its stake in shares of EOG Resources by 216.1% in the second quarter. Gamco Investors INC. ET AL now owns 6,560 shares of the energy exploration company’s stock valued at $785,000 after acquiring an additional 4,485 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in shares of EOG Resources by 2.0% in the 2nd quarter. NewEdge Advisors LLC now owns 22,780 shares of the energy exploration company’s stock worth $2,725,000 after acquiring an additional 444 shares in the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of EOG Resources by 4.4% in the 2nd quarter. Sei Investments Co. now owns 362,446 shares of the energy exploration company’s stock worth $43,356,000 after acquiring an additional 15,250 shares in the last quarter. 89.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. UBS Group lifted their price objective on EOG Resources from $141.00 to $149.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Barclays lifted their price target on EOG Resources from $133.00 to $140.00 and gave the company an “equal weight” rating in a report on Monday, March 16th. Susquehanna decreased their price objective on shares of EOG Resources from $151.00 to $144.00 and set a “positive” rating on the stock in a report on Thursday, February 26th. Sanford C. Bernstein boosted their target price on shares of EOG Resources from $126.00 to $167.00 and gave the stock a “market perform” rating in a research note on Monday, April 13th. Finally, Capital One Financial increased their price target on shares of EOG Resources from $130.00 to $161.00 and gave the company an “overweight” rating in a research note on Thursday, March 26th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eighteen have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $151.11.

Insider Activity

In related news, CFO Ann D. Janssen sold 4,161 shares of EOG Resources stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $140.04, for a total transaction of $582,706.44. Following the transaction, the chief financial officer owned 100,246 shares of the company’s stock, valued at $14,038,449.84. This trade represents a 3.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Jeffrey R. Leitzell sold 5,698 shares of the company’s stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total transaction of $856,523.36. Following the completion of the sale, the chief operating officer owned 88,045 shares of the company’s stock, valued at approximately $13,234,924.40. This represents a 6.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 18,230 shares of company stock worth $2,522,568 in the last three months. Insiders own 0.14% of the company’s stock.

EOG Resources Stock Down 4.2%

Shares of NYSE EOG opened at $128.45 on Friday. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year high of $151.87. The firm’s 50-day moving average is $132.12 and its 200-day moving average is $116.11. The company has a current ratio of 1.63, a quick ratio of 1.42 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $68.81 billion, a PE ratio of 14.10, a price-to-earnings-growth ratio of 2.68 and a beta of 0.32.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.07. EOG Resources had a net margin of 22.00% and a return on equity of 18.67%. The business had revenue of $5.64 billion for the quarter, compared to analyst estimates of $5.36 billion. During the same period in the prior year, the business posted $2.74 earnings per share. EOG Resources’s revenue was up .9% compared to the same quarter last year. Equities analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 16th will be paid a dividend of $1.02 per share. The ex-dividend date of this dividend is Thursday, April 16th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.2%. EOG Resources’s payout ratio is 44.79%.

About EOG Resources

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.