Parvin Asset Management LLC Boosts Holdings in EOG Resources, Inc. $EOG

Parvin Asset Management LLC increased its holdings in EOG Resources, Inc. (NYSE:EOG) by 478.4% during the fourth quarter, Holdings Channel reports. The firm owned 13,015 shares of the energy exploration company’s stock after acquiring an additional 10,765 shares during the quarter. EOG Resources makes up 1.1% of Parvin Asset Management LLC’s portfolio, making the stock its 21st biggest holding. Parvin Asset Management LLC’s holdings in EOG Resources were worth $1,367,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Acumen Wealth Advisors LLC purchased a new position in EOG Resources in the 4th quarter worth approximately $25,000. Nemes Rush Group LLC purchased a new position in EOG Resources in the 4th quarter worth approximately $30,000. Gen Wealth Partners Inc purchased a new position in EOG Resources in the 4th quarter worth approximately $30,000. Olistico Wealth LLC purchased a new position in EOG Resources in the 4th quarter worth approximately $33,000. Finally, Physician Wealth Advisors Inc. lifted its holdings in EOG Resources by 103.0% in the 4th 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. 89.91% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, COO Jeffrey R. Leitzell sold 5,698 shares of the business’s stock in a transaction 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 completion of the transaction, the chief operating officer owned 88,045 shares in the company, valued at $13,234,924.40. The trade was a 6.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Ann D. Janssen sold 4,161 shares of the business’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $140.04, for a total value of $582,706.44. Following the transaction, 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 position. The SEC filing for this sale provides additional information. 0.14% of the stock is owned by insiders.

EOG Resources Stock Performance

NYSE EOG opened at $132.00 on Wednesday. The company has a market cap of $70.31 billion, a P/E ratio of 12.99 and a beta of 0.25. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.53 and a current ratio of 1.72. The business’s 50 day moving average price is $136.61 and its 200-day moving average price is $124.36. EOG Resources, Inc. has a fifty-two week low of $101.59 and a fifty-two week high of $151.87.

EOG Resources (NYSE:EOG) last released its earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share for the quarter, beating the consensus estimate of $3.23 by $0.18. The firm had revenue of $6.92 billion for the quarter, compared to the consensus estimate of $6.18 billion. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The company’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 EPS. Sell-side analysts predict that EOG Resources, Inc. will post 16.63 earnings per share for the current year.

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be issued a dividend of $1.02 per share. The ex-dividend date is Friday, July 17th. This represents a $4.08 dividend on an annualized basis and a yield of 3.1%. EOG Resources’s payout ratio is presently 40.16%.

Analyst Ratings Changes

A number of research firms recently commented on EOG. UBS Group boosted their price target on EOG Resources from $141.00 to $149.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Zacks Research downgraded EOG Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 27th. Scotiabank lifted their price objective on EOG Resources from $123.00 to $139.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 22nd. Susquehanna lifted their price objective on EOG Resources from $144.00 to $162.00 and gave the stock a “positive” rating in a research note on Tuesday, April 21st. Finally, Mizuho set a $157.00 price objective on EOG Resources and gave the stock a “neutral” rating in a research note on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and sixteen have issued a Hold rating to the company. According to data from MarketBeat.com, EOG Resources has an average rating of “Moderate Buy” and a consensus target price of $156.32.

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.