Purpose Unlimited Inc. Acquires Shares of 4,490 EOG Resources, Inc. $EOG

Purpose Unlimited Inc. bought a new position in shares of EOG Resources, Inc. (NYSE:EOG) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 4,490 shares of the energy exploration company’s stock, valued at approximately $471,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Acumen Wealth Advisors LLC acquired a new position in EOG Resources in the 4th quarter worth about $25,000. Prosperity Bancshares Inc acquired a new position in shares of EOG Resources during the 4th quarter worth approximately $26,000. Gen Wealth Partners Inc acquired a new position in shares of EOG Resources during the 4th quarter worth approximately $30,000. Nemes Rush Group LLC purchased a new position in shares of EOG Resources during the 4th quarter valued at approximately $30,000. Finally, Olistico Wealth LLC purchased a new stake in EOG Resources in the 4th quarter worth $33,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Performance

NYSE:EOG opened at $130.05 on Monday. The company has a market cap of $69.27 billion, a P/E ratio of 12.80 and a beta of 0.25. EOG Resources, Inc. has a twelve month low of $101.59 and a twelve month high of $151.87. The company’s 50-day moving average price is $135.96 and its 200-day moving average price is $124.86. 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 (NYSE:EOG) last announced its quarterly earnings data on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.23 by $0.18. The company had revenue of $6.92 billion during the quarter, compared to analysts’ expectations of $6.18 billion. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. EOG Resources’s revenue was up 22.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.87 EPS. On average, sell-side analysts forecast that EOG Resources, Inc. will post 16.63 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

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

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Truist Financial increased their price objective on shares of EOG Resources from $146.00 to $149.00 and gave the company a “hold” rating in a report on Friday, May 8th. DA Davidson raised their price target on shares of EOG Resources from $148.00 to $153.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Roth Mkm reiterated a “neutral” rating and set a $136.00 price objective on shares of EOG Resources in a research note on Wednesday, May 6th. Citigroup reissued a “neutral” rating and set a $147.00 target price (up from $142.00) on shares of EOG Resources in a report on Wednesday, May 20th. Finally, Wall Street Zen raised 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 issued a Hold rating to the company. According to data from MarketBeat, EOG Resources has a consensus rating of “Moderate Buy” and a consensus target price of $156.32.

Insider Activity

In related news, COO Jeffrey R. Leitzell sold 5,698 shares of the stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total value of $856,523.36. Following the completion of the sale, the chief operating officer owned 88,045 shares of the company’s stock, valued at approximately $13,234,924.40. This trade represents a 6.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.14% of the stock is owned by company insiders.

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.