Focus Partners Wealth Has $44.31 Million Stake in EOG Resources, Inc. (NYSE:EOG)

Focus Partners Wealth increased its stake in EOG Resources, Inc. (NYSE:EOG) by 199.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 361,339 shares of the energy exploration company’s stock after purchasing an additional 240,532 shares during the quarter. Focus Partners Wealth owned approximately 0.06% of EOG Resources worth $44,306,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in EOG. Financial Life Planners bought a new stake in shares of EOG Resources during the 4th quarter worth $25,000. Y.D. More Investments Ltd boosted its holdings in EOG Resources by 149.4% during the fourth quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock valued at $25,000 after acquiring an additional 121 shares during the period. Mainstream Capital Management LLC bought a new stake in EOG Resources during the fourth quarter valued at about $25,000. Decker Retirement Planning Inc. acquired a new stake in shares of EOG Resources in the fourth quarter valued at about $27,000. Finally, Keystone Financial Group Inc. acquired a new position in shares of EOG Resources during the 4th quarter worth about $27,000. Institutional investors own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. StockNews.com lowered EOG Resources from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Citigroup dropped their target price on shares of EOG Resources from $134.00 to $125.00 and set a “neutral” rating on the stock in a research report on Monday, March 17th. Scotiabank raised shares of EOG Resources from a “sector perform” rating to a “sector outperform” rating and reduced their price target for the company from $150.00 to $130.00 in a report on Friday, April 11th. Williams Trading set a $154.00 price objective on shares of EOG Resources in a research report on Wednesday, March 5th. Finally, Truist Financial lifted their target price on EOG Resources from $135.00 to $137.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Eleven investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, EOG Resources presently has an average rating of “Moderate Buy” and a consensus price target of $140.95.

EOG Resources Trading Up 1.3 %

EOG stock opened at $111.13 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. The stock has a market capitalization of $60.65 billion, a price-to-earnings ratio of 8.95, a P/E/G ratio of 3.58 and a beta of 0.78. The business has a fifty day moving average price of $116.68 and a 200 day moving average price of $124.53. EOG Resources, Inc. has a fifty-two week low of $102.52 and a fifty-two week high of $138.18.

EOG Resources (NYSE:EOG) last announced its earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share for the quarter, beating analysts’ consensus estimates of $2.75 by $0.12. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The company had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.92 billion. During the same period last year, the company posted $2.82 earnings per share. The firm’s quarterly revenue was down 7.4% compared to the same quarter last year. Analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 17th will be paid a dividend of $0.975 per share. The ex-dividend date is Thursday, July 17th. This represents a $3.90 annualized dividend and a dividend yield of 3.51%. EOG Resources’s dividend payout ratio (DPR) is currently 36.18%.

Insider Activity

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of EOG Resources stock in a transaction dated 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 $6,098,240.32. This trade represents a 7.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is owned by 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.