EOG Resources, Inc. $EOG Shares Newly Acquired by Leo Wealth LLC

Leo Wealth LLC acquired a new position in shares of EOG Resources, Inc. (NYSE:EOG) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,724 shares of the energy exploration company’s stock, valued at approximately $651,000.

Several other hedge funds also recently modified their holdings of the company. Patrick M Sweeney & Associates Inc. boosted its holdings in shares of EOG Resources by 3.6% in the 3rd quarter. Patrick M Sweeney & Associates Inc. now owns 1,895 shares of the energy exploration company’s stock worth $261,000 after acquiring an additional 65 shares in the last quarter. Summitry LLC grew its position in EOG Resources by 1.5% during the 1st quarter. Summitry LLC now owns 4,832 shares of the energy exploration company’s stock worth $699,000 after acquiring an additional 73 shares during the last quarter. Murphy Pohlad Asset Management LLC grew its position in EOG Resources by 4.8% during the 3rd quarter. Murphy Pohlad Asset Management LLC now owns 1,661 shares of the energy exploration company’s stock worth $229,000 after acquiring an additional 76 shares during the last quarter. Prime Capital Investment Advisors LLC grew its position in EOG Resources by 2.8% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 2,762 shares of the energy exploration company’s stock worth $381,000 after acquiring an additional 76 shares during the last quarter. Finally, Twin Capital Management Inc. increased its holdings in EOG Resources by 0.3% during the 1st quarter. Twin Capital Management Inc. now owns 23,980 shares of the energy exploration company’s stock valued at $3,467,000 after purchasing an additional 79 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on EOG shares. Roth Capital reiterated a “neutral” rating and issued a $138.00 price objective on shares of EOG Resources in a research report on Wednesday, August 5th. Freedom Capital lowered EOG Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 5th. Susquehanna increased their target price on EOG Resources from $170.00 to $187.00 and gave the stock a “positive” rating in a report on Tuesday, October 20th. Citigroup restated a “neutral” rating and issued a $150.00 target price (up from $141.00) on shares of EOG Resources in a research note on Thursday, August 27th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and issued a $186.00 price target (up from $183.00) on shares of EOG Resources in a report on Thursday, September 17th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and seventeen have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $161.24.

EOG Resources Stock Performance

EOG stock opened at $163.63 on Tuesday. The company has a 50 day moving average price of $147.57 and a 200 day moving average price of $135.31. EOG Resources, Inc. has a fifty-two week low of $101.59 and a fifty-two week high of $165.11. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.85 and a quick ratio of 1.68. The stock has a market capitalization of $85.83 billion, a PE ratio of 12.73, a price-to-earnings-growth ratio of 0.58 and a beta of 0.36.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Tuesday, August 4th. The energy exploration company reported $5.07 EPS for the quarter, beating analysts’ consensus estimates of $4.97 by $0.10. The firm had revenue of $8.62 billion for the quarter, compared to analyst estimates of $8.04 billion. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%. The business’s quarterly revenue was up 57.4% compared to the same quarter last year. During the same period last year, the company earned $2.32 EPS. Analysts forecast that EOG Resources, Inc. will post 17.70 EPS for the current year.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 16th will be given a dividend of $1.02 per share. The ex-dividend date is Friday, October 16th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.5%. EOG Resources’s payout ratio is presently 31.75%.

Insider Activity

In other news, COO Jeffrey Leitzell sold 9,039 shares of the company’s stock in a transaction on Friday, September 25th. The stock was sold at an average price of $140.61, for a total transaction of $1,270,973.79. Following the transaction, the chief operating officer owned 90,790 shares of the company’s stock, valued at $12,765,981.90. This represents a 9.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ezra Yacob sold 35,942 shares of the firm’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $152.10, for a total value of $5,466,778.20. Following the completion of the transaction, the chief executive officer owned 242,451 shares in the company, valued at approximately $36,876,797.10. This represents a 12.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 52,317 shares of company stock valued at $7,823,480 over the last 90 days. 0.14% of the stock is owned by company insiders.

EOG Resources Profile

EOG Resources, Inc is an independent exploration and production company engaged in finding, developing, producing and marketing crude oil, natural gas liquids and natural gas. Its operations focus on large, high-quality onshore and international assets, supported by technical expertise in horizontal drilling and hydraulic fracturing.

The company’s principal U.S. activities are concentrated in major shale and onshore plays, including the Delaware Basin, Eagle Ford and other producing regions in Texas and the Rocky Mountains.