16,076 Shares in EOG Resources, Inc. $EOG Purchased by Marble Wealth LLC

Marble Wealth LLC purchased a new position in EOG Resources, Inc. (NYSE:EOG) in the fourth quarter, Holdings Channel reports. The fund purchased 16,076 shares of the energy exploration company’s stock, valued at approximately $1,688,000.

A number of other hedge funds have also bought and sold shares of EOG. Olistico Wealth LLC acquired a new position in EOG Resources in the fourth quarter worth about $33,000. Physician Wealth Advisors Inc. grew its stake in EOG Resources by 103.0% in the fourth quarter. Physician Wealth Advisors Inc. now owns 335 shares of the energy exploration company’s stock worth $35,000 after purchasing an additional 170 shares in the last quarter. Laurel Wealth Advisors LLC acquired a new position in EOG Resources in the fourth quarter worth about $38,000. City Holding Co. boosted its stake in EOG Resources by 469.2% in the fourth quarter. City Holding Co. now owns 370 shares of the energy exploration company’s stock valued at $39,000 after acquiring an additional 305 shares during the period. Finally, AXS Investments LLC acquired a new position in EOG Resources in the third quarter valued at approximately $41,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Barclays lifted their target price on EOG Resources from $140.00 to $153.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 26th. DA Davidson lifted their target price on EOG Resources from $148.00 to $153.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Mizuho set a $157.00 target price on EOG Resources and gave the company a “neutral” rating in a research note on Wednesday, May 27th. Williams Trading set a $177.00 target price on EOG Resources in a research note on Monday, April 20th. Finally, Wall Street Zen upgraded EOG Resources from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and sixteen have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $156.39.

EOG Resources Stock Performance

EOG opened at $138.75 on Wednesday. The business’s 50 day moving average is $137.96 and its 200-day moving average is $122.05. The stock has a market cap of $73.90 billion, a PE ratio of 13.66 and a beta of 0.25. The company has a current ratio of 1.72, a quick ratio of 1.53 and a debt-to-equity ratio of 0.26. EOG Resources, Inc. has a twelve month low of $101.59 and a twelve month high of $151.87.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share for the quarter, beating analysts’ consensus estimates of $3.23 by $0.18. The company had revenue of $6.92 billion for the quarter, compared to analysts’ expectations of $6.18 billion. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The business’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.87 earnings per share. On average, analysts predict that EOG Resources, Inc. will post 15.67 earnings per share for the current year.

EOG Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, July 17th. EOG Resources’s payout ratio is 40.16%.

Insider Buying and Selling

In other news, CFO Ann D. Janssen sold 4,161 shares of EOG Resources stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $140.04, for a total transaction of $582,706.44. Following the sale, the chief financial officer owned 100,246 shares of the company’s stock, valued at approximately $14,038,449.84. The trade was a 3.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Jeffrey R. Leitzell sold 5,698 shares of EOG Resources stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total value of $856,523.36. Following the sale, the chief operating officer directly owned 88,045 shares in the company, valued at approximately $13,234,924.40. This trade represents a 6.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 12,456 shares of company stock worth $1,788,033. Corporate insiders own 0.14% of the company’s stock.

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.