Entropy Technologies LP Raises Stock Position in EOG Resources, Inc. $EOG

Entropy Technologies LP raised its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 253.0% during the 4th quarter, HoldingsChannel reports. The fund owned 97,814 shares of the energy exploration company’s stock after acquiring an additional 70,105 shares during the quarter. Entropy Technologies LP’s holdings in EOG Resources were worth $10,271,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Bollard Group LLC boosted its stake in shares of EOG Resources by 0.8% during the 3rd quarter. Bollard Group LLC now owns 11,747 shares of the energy exploration company’s stock worth $1,317,000 after acquiring an additional 93 shares during the last quarter. Hardy Reed LLC raised its position in shares of EOG Resources by 4.5% during the 3rd quarter. Hardy Reed LLC now owns 2,267 shares of the energy exploration company’s stock valued at $254,000 after purchasing an additional 97 shares during the period. RKL Wealth Management LLC raised its position in shares of EOG Resources by 0.5% during the 3rd quarter. RKL Wealth Management LLC now owns 21,235 shares of the energy exploration company’s stock valued at $2,381,000 after purchasing an additional 98 shares during the period. CoreFirst Bank & Trust raised its position in shares of EOG Resources by 18.5% during the 3rd quarter. CoreFirst Bank & Trust now owns 640 shares of the energy exploration company’s stock valued at $72,000 after purchasing an additional 100 shares during the period. Finally, Ethos Financial Group LLC raised its position in shares of EOG Resources by 2.5% during the 4th quarter. Ethos Financial Group LLC now owns 4,180 shares of the energy exploration company’s stock valued at $439,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Insider Buying and Selling

In other news, CFO Ann D. Janssen sold 4,161 shares of the firm’s 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 directly owned 100,246 shares of the company’s stock, valued at approximately $14,038,449.84. This trade represents a 3.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Jeffrey R. Leitzell sold 5,698 shares of the firm’s stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total transaction of $856,523.36. Following the transaction, 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 ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on EOG. Capital One Financial decreased their price objective on shares of EOG Resources from $161.00 to $159.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 3rd. Raymond James Financial raised their price objective on shares of EOG Resources from $157.00 to $185.00 and gave the company a “strong-buy” rating in a research report on Friday, March 27th. Citigroup reiterated a “neutral” rating and issued a $147.00 price target (up from $142.00) on shares of EOG Resources in a report on Wednesday, May 20th. Roth Mkm reiterated a “neutral” rating and issued a $136.00 price target on shares of EOG Resources in a report on Wednesday, May 6th. Finally, Piper Sandler lifted their price target on shares of EOG Resources from $144.00 to $147.00 and gave the company a “neutral” rating in a report on Wednesday, April 1st. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and sixteen have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $156.32.

EOG Resources Price Performance

EOG stock opened at $136.42 on Friday. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $151.87. The company has a current ratio of 1.72, a quick ratio of 1.53 and a debt-to-equity ratio of 0.26. The company has a 50-day moving average price of $137.04 and a 200 day moving average price of $123.87. The stock has a market cap of $72.66 billion, a PE ratio of 13.43 and a beta of 0.25.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 EPS for the quarter, topping analysts’ consensus estimates of $3.23 by $0.18. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The firm had revenue of $6.92 billion during the quarter, compared to analysts’ expectations of $6.18 billion. During the same period in the previous year, the company earned $2.87 EPS. The firm’s revenue for the quarter was up 22.1% compared to the same quarter last year. Equities research analysts anticipate that EOG Resources, Inc. will post 16.63 earnings per share for the current year.

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Friday, July 17th. EOG Resources’s dividend payout ratio is currently 40.16%.

EOG Resources Profile

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.