Janney Montgomery Scott LLC Buys 4,302 Shares of EOG Resources, Inc. $EOG

Janney Montgomery Scott LLC boosted its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 1.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 270,428 shares of the energy exploration company’s stock after purchasing an additional 4,302 shares during the period. Janney Montgomery Scott LLC owned about 0.05% of EOG Resources worth $39,096,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of EOG. ABN AMRO Bank N.V. purchased a new stake in EOG Resources in the first quarter worth about $275,000. Union Bancaire Privee UBP SA lifted its position in shares of EOG Resources by 41,556.2% during the 1st quarter. Union Bancaire Privee UBP SA now owns 79,980 shares of the energy exploration company’s stock valued at $10,677,000 after buying an additional 79,788 shares in the last quarter. Sterling Capital Management LLC lifted its position in shares of EOG Resources by 5,654.7% during the 1st quarter. Sterling Capital Management LLC now owns 60,367 shares of the energy exploration company’s stock valued at $8,727,000 after buying an additional 59,318 shares in the last quarter. River Street Advisors LLC grew its stake in shares of EOG Resources by 25.6% during the 1st quarter. River Street Advisors LLC now owns 13,206 shares of the energy exploration company’s stock valued at $1,909,000 after acquiring an additional 2,688 shares during the period. Finally, OLD Second National Bank of Aurora grew its stake in shares of EOG Resources by 2.8% during the 1st quarter. OLD Second National Bank of Aurora now owns 27,161 shares of the energy exploration company’s stock valued at $3,927,000 after acquiring an additional 728 shares during the period. Institutional investors own 89.91% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Wells Fargo & Company set a $196.00 target price on shares of EOG Resources and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. Morgan Stanley dropped their price target on shares of EOG Resources from $160.00 to $156.00 in a research report on Friday. Truist Financial increased their price objective on shares of EOG Resources from $146.00 to $149.00 and gave the stock a “hold” rating in a research note on Friday, May 8th. BMO Capital Markets raised their price objective on shares of EOG Resources from $140.00 to $160.00 and gave the company an “outperform” rating in a research report on Wednesday, April 1st. Finally, Royal Bank Of Canada lifted their target price on shares of EOG Resources from $138.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, April 8th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and sixteen have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $155.86.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 5,698 shares of the company’s stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total transaction of $856,523.36. Following the sale, the chief operating officer directly owned 88,045 shares in the company, valued at approximately $13,234,924.40. This represents a 6.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.14% of the stock is currently owned by company insiders.

EOG Resources Stock Up 0.0%

EOG opened at $132.64 on Monday. The company has a market capitalization of $70.65 billion, a PE ratio of 13.06 and a beta of 0.25. The firm has a 50-day simple moving average of $135.81 and a two-hundred day simple moving average of $125.65. The company has a quick ratio of 1.53, a current ratio of 1.72 and a debt-to-equity ratio of 0.26. EOG Resources, Inc. has a 52 week low of $101.59 and a 52 week high of $151.87.

EOG Resources (NYSE:EOG) last issued its earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.23 by $0.18. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The firm had revenue of $6.92 billion for the quarter, compared to analysts’ expectations of $6.18 billion. During the same period in the previous year, the firm posted $2.87 earnings per share. The business’s revenue was up 22.1% compared to the same quarter last year. Analysts forecast that EOG Resources, Inc. will post 16.64 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be issued a $1.02 dividend. The ex-dividend date of this dividend 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 (DPR) is 40.16%.

EOG Resources Company 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.