Aventail Capital Group LP boosted its stake in EOG Resources, Inc. (NYSE:EOG – Get Rating) by 9.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 273,269 shares of the energy exploration company’s stock after acquiring an additional 23,269 shares during the quarter. EOG Resources comprises about 4.3% of Aventail Capital Group LP’s holdings, making the stock its 10th largest holding. Aventail Capital Group LP’s holdings in EOG Resources were worth $35,394,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. CENTRAL TRUST Co grew its holdings in shares of EOG Resources by 0.8% during the third quarter. CENTRAL TRUST Co now owns 9,118 shares of the energy exploration company’s stock worth $1,019,000 after buying an additional 74 shares in the last quarter. Bollard Group LLC boosted its position in EOG Resources by 0.7% during the fourth quarter. Bollard Group LLC now owns 10,569 shares of the energy exploration company’s stock valued at $1,369,000 after purchasing an additional 77 shares during the last quarter. PAX Financial Group LLC lifted its position in shares of EOG Resources by 3.0% in the third quarter. PAX Financial Group LLC now owns 2,705 shares of the energy exploration company’s stock valued at $302,000 after buying an additional 80 shares during the last quarter. FSM Wealth Advisors LLC lifted its position in shares of EOG Resources by 1.7% in the fourth quarter. FSM Wealth Advisors LLC now owns 5,018 shares of the energy exploration company’s stock valued at $650,000 after buying an additional 85 shares during the last quarter. Finally, White Pine Capital LLC lifted its position in shares of EOG Resources by 2.2% in the fourth quarter. White Pine Capital LLC now owns 3,942 shares of the energy exploration company’s stock valued at $511,000 after buying an additional 85 shares during the last quarter. Hedge funds and other institutional investors own 87.40% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on EOG shares. The Goldman Sachs Group cut EOG Resources from a “buy” rating to a “neutral” rating and cut their price objective for the company from $137.00 to $130.00 in a research report on Tuesday. Truist Financial lifted their price target on EOG Resources from $146.00 to $152.00 and gave the company a “buy” rating in a research note on Tuesday, April 11th. Mizuho upgraded EOG Resources from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $150.00 to $146.00 in a research report on Friday, May 19th. Wells Fargo & Company cut their target price on EOG Resources from $167.00 to $158.00 and set an “overweight” rating on the stock in a report on Wednesday, March 8th. Finally, Scotiabank raised EOG Resources from a “sector perform” rating to a “sector outperform” rating and cut their target price for the stock from $150.00 to $145.00 in a report on Thursday, April 13th. Five equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $148.17.
EOG Resources Stock Down 1.1 %
EOG Resources (NYSE:EOG – Get Rating) last announced its quarterly earnings results on Friday, May 5th. The energy exploration company reported $2.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.42 by $0.27. The company had revenue of $6.04 billion for the quarter, compared to the consensus estimate of $5.28 billion. EOG Resources had a return on equity of 30.34% and a net margin of 33.83%. EOG Resources’s revenue was up 51.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.00 EPS. As a group, research analysts expect that EOG Resources, Inc. will post 11.62 earnings per share for the current fiscal year.
EOG Resources Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Monday, July 17th will be given a $0.825 dividend. The ex-dividend date of this dividend is Friday, July 14th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 2.93%. EOG Resources’s dividend payout ratio is currently 20.64%.
Insider Buying and Selling
In other EOG Resources news, COO Lloyd W. Helms, Jr. sold 5,000 shares of the business’s stock in a transaction on Wednesday, June 7th. The shares were sold at an average price of $115.87, for a total transaction of $579,350.00. Following the completion of the sale, the chief operating officer now directly owns 149,689 shares in the company, valued at approximately $17,344,464.43. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.30% of the stock is owned by company insiders.
EOG Resources Profile
EOG Resources, Inc engages in the exploration, development, production and marketing of crude oil and natural gas. It operates through the United States, Trinidad, and Other International geographical segments. The Other International segment includes China and Canada operations. The company was founded in 1985 and is headquartered in Houston, TX.
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