Allworth Financial LP Buys 666 Shares of EOG Resources, Inc. (NYSE:EOG)

Posted by Defense World Staff on Jul 1st, 2023

Allworth Financial LP lifted its stake in shares of EOG Resources, Inc. (NYSE:EOG – Free Report) by 6.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,160 shares of the energy exploration company’s stock after purchasing an additional 666 shares during the quarter. Allworth Financial LP’s holdings in EOG Resources were worth $1,279,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ossiam grew its holdings in shares of EOG Resources by 1,206.7% during the 4th quarter. Ossiam now owns 196 shares of the energy exploration company’s stock valued at $25,000 after purchasing an additional 181 shares during the last quarter. Fortis Capital Advisors LLC bought a new stake in shares of EOG Resources during the 4th quarter valued at approximately $28,000. Lumature Wealth Partners LLC bought a new stake in shares of EOG Resources during the 1st quarter valued at approximately $28,000. Kistler Tiffany Companies LLC bought a new stake in shares of EOG Resources during the 4th quarter valued at approximately $30,000. Finally, Delta Asset Management LLC TN bought a new stake in shares of EOG Resources during the 4th quarter valued at approximately $32,000. 89.58% of the stock is owned by institutional investors.

EOG Resources Stock Performance

NYSE EOG opened at $114.50 on Friday. EOG Resources, Inc. has a 1 year low of $92.16 and a 1 year high of $150.88. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.17 and a quick ratio of 1.90. The firm has a market cap of $66.97 billion, a price-to-earnings ratio of 7.16, a PEG ratio of 0.34 and a beta of 1.54. The company has a fifty day moving average price of $112.42 and a 200-day moving average price of $118.82.

EOG Resources (NYSE:EOG – Free Report) last posted its earnings results on Friday, May 5th. The energy exploration company reported $2.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.27. EOG Resources had a net margin of 33.83% and a return on equity of 30.34%. The firm had revenue of $6.04 billion during the quarter, compared to analyst estimates of $5.28 billion. During the same quarter in the prior year, the business posted $4.00 EPS. The business’s revenue was up 51.7% compared to the same quarter last year. As a group, equities research analysts predict that EOG Resources, Inc. will post 11.34 EPS for the current fiscal year.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Monday, July 17th will be paid a $0.825 dividend. The ex-dividend date of this dividend is Friday, July 14th. This represents a $3.30 annualized dividend and a dividend yield of 2.88%. EOG Resources’s payout ratio is 20.64%.

Analysts Set New Price Targets

Several research firms recently commented on EOG. Scotiabank upgraded shares of 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 research report on Thursday, April 13th. Citigroup cut their target price on shares of EOG Resources from $160.00 to $122.00 in a research report on Friday, March 17th. JPMorgan Chase & Co. lifted their target price on shares of EOG Resources from $139.00 to $144.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 12th. Stifel Nicolaus cut their target price on shares of EOG Resources from $142.00 to $141.00 in a research report on Monday, May 22nd. Finally, Jefferies Financial Group cut their target price on shares of EOG Resources from $147.00 to $138.00 in a research report on Monday, May 15th. Five investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $148.17.

Insider Transactions at EOG Resources

In other news, COO Lloyd W. Helms, Jr. sold 5,000 shares of the company’s stock in a transaction on Wednesday, June 7th. The shares were sold at an average price of $115.87, for a total value of $579,350.00. Following the completion of the sale, the chief operating officer now owns 149,689 shares in the company, valued at approximately $17,344,464.43. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.30% of the company’s stock.

EOG Resources Company Profile

(Free Report)

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, and natural gas and natural gas liquids. Its principal producing areas are in New Mexico and Texas in the United States; and the Republic of Trinidad and Tobago. The company was formerly known as Enron Oil & Gas Company.