5,738 EOG Resources, Inc. $EOG Shares Bought by ZWJ Investment Counsel Inc.

ZWJ Investment Counsel Inc. raised its holdings in EOG Resources, Inc. (NYSE:EOG) by 7.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 79,356 shares of the energy exploration company’s stock after purchasing an additional 5,738 shares during the period. ZWJ Investment Counsel Inc.’s holdings in EOG Resources were worth $10,932,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. BlackRock Inc. acquired a new position in shares of EOG Resources during the 2nd quarter worth approximately $5,905,587,000. Dimensional Fund Advisors LP increased its position in EOG Resources by 0.9% during the first quarter. Dimensional Fund Advisors LP now owns 5,865,073 shares of the energy exploration company’s stock worth $848,228,000 after buying an additional 54,091 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of EOG Resources by 5.5% in the first quarter. Bank of New York Mellon Corp now owns 4,928,984 shares of the energy exploration company’s stock worth $712,583,000 after acquiring an additional 259,015 shares during the last quarter. Bank of America Corp DE acquired a new position in shares of EOG Resources in the second quarter worth $551,321,000. Finally, First Trust Advisors LP raised its holdings in shares of EOG Resources by 15.7% in the first quarter. First Trust Advisors LP now owns 3,446,002 shares of the energy exploration company’s stock worth $498,189,000 after acquiring an additional 468,090 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Jefferies Financial Group restated a “buy” rating and issued a $185.00 price objective on shares of EOG Resources in a research report on Saturday, October 3rd. Scotiabank assumed coverage on EOG Resources in a research report on Wednesday. They set a “sector perform” rating and a $144.00 price objective for the company. Freedom Capital cut EOG Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Truist Financial boosted their target price on shares of EOG Resources from $153.00 to $160.00 and gave the company a “hold” rating in a research note on Friday, October 2nd. Finally, Weiss Ratings raised shares of EOG Resources from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eighteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, EOG Resources presently has a consensus rating of “Hold” and a consensus price target of $160.00.

Insider Buying and Selling

In related news, COO Jeffrey Leitzell sold 9,039 shares of the stock in a transaction on Friday, September 25th. The stock was sold at an average price of $140.61, for a total value of $1,270,973.79. Following the transaction, the chief operating officer directly owned 90,790 shares of the company’s stock, valued at approximately $12,765,981.90. This trade represents a 9.05% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Michael Donaldson sold 7,336 shares of EOG Resources stock in a transaction on Friday, September 11th. The shares were sold at an average price of $148.00, for a total value of $1,085,728.00. Following the completion of the transaction, the executive vice president owned 100,558 shares in the company, valued at $14,882,584. The trade was a 6.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 52,317 shares of company stock valued at $7,823,480. 0.14% of the stock is currently owned by company insiders.

EOG Resources Price Performance

EOG opened at $154.11 on Thursday. The company’s 50 day simple moving average is $145.19 and its 200 day simple moving average is $140.14. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.68 and a current ratio of 1.85. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year high of $154.88. The stock has a market capitalization of $80.84 billion, a PE ratio of 11.99, a P/E/G ratio of 0.56 and a beta of 0.36.

EOG Resources (NYSE:EOG) last released its earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.97 by $0.10. The firm had revenue of $8.62 billion during the quarter, compared to the consensus estimate of $8.04 billion. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. EOG Resources’s revenue was up 57.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.32 earnings per share. As a group, sell-side analysts expect that EOG Resources, Inc. will post 17.13 EPS for the current year.

EOG Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 16th 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 2.6%. The ex-dividend date is Friday, October 16th. EOG Resources’s dividend payout ratio is presently 31.75%.

About EOG Resources

EOG Resources, Inc is an independent exploration and production company engaged in finding, developing, producing and marketing crude oil, natural gas liquids and natural gas. The company focuses on large-scale, onshore assets and applies drilling, completion and other technologies to develop unconventional oil and natural gas resources.

EOG’s principal operations are located in the United States, including the Permian Basin in Texas and New Mexico, the Eagle Ford in South Texas and the Rocky Mountain region.