AE Wealth Management LLC Acquires 2,062 Shares of EOG Resources, Inc. (NYSE:EOG)

AE Wealth Management LLC raised its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 96.3% during the first quarter, according to its most recent filing with the SEC. The firm owned 4,204 shares of the energy exploration company’s stock after purchasing an additional 2,062 shares during the period. AE Wealth Management LLC’s holdings in EOG Resources were worth $539,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Alpine Bank Wealth Management purchased a new position in EOG Resources during the first quarter valued at approximately $34,000. Ameriflex Group Inc. purchased a new stake in EOG Resources during the fourth quarter worth $36,000. 10Elms LLP bought a new stake in EOG Resources during the 4th quarter valued at $44,000. Hanson & Doremus Investment Management bought a new stake in EOG Resources during the 1st quarter valued at $51,000. Finally, Golden State Wealth Management LLC increased its holdings in shares of EOG Resources by 204.4% in the 1st quarter. Golden State Wealth Management LLC now owns 411 shares of the energy exploration company’s stock valued at $53,000 after acquiring an additional 276 shares during the period. Institutional investors own 89.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on EOG. Wells Fargo & Company restated an “overweight” rating on shares of EOG Resources in a research note on Sunday, June 22nd. Bank of America reduced their target price on shares of EOG Resources from $125.00 to $124.00 and set a “neutral” rating for the company in a report on Friday, May 23rd. Roth Capital lowered shares of EOG Resources from a “buy” rating to a “neutral” rating and decreased their price target for the company from $140.00 to $134.00 in a research report on Wednesday, July 9th. Morgan Stanley set a $135.00 price objective on shares of EOG Resources and gave the stock an “equal weight” rating in a research report on Monday, June 2nd. Finally, Mizuho reduced their price objective on shares of EOG Resources from $140.00 to $134.00 and set a “neutral” rating for the company in a research note on Tuesday, May 13th. Twelve analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $140.62.

EOG Resources Price Performance

Shares of NYSE EOG opened at $123.16 on Wednesday. EOG Resources, Inc. has a 52 week low of $102.52 and a 52 week high of $138.18. The business’s 50 day moving average price is $118.45 and its 200 day moving average price is $120.88. The company has a quick ratio of 1.71, a current ratio of 1.87 and a debt-to-equity ratio of 0.12. The firm has a market cap of $67.22 billion, a P/E ratio of 11.42, a P/E/G ratio of 9.35 and a beta of 0.76.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, May 1st. The energy exploration company reported $2.87 EPS for the quarter, beating the consensus estimate of $2.75 by $0.12. The business had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.92 billion. EOG Resources had a net margin of 26.14% and a return on equity of 22.35%. The business’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same period in the previous year, the business posted $2.82 EPS. On average, sell-side analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 17th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, October 17th. This is an increase from EOG Resources’s previous quarterly dividend of $0.98. This represents a $4.08 dividend on an annualized basis and a yield of 3.31%. EOG Resources’s payout ratio is currently 36.18%.

Insider Buying and Selling

In other EOG Resources news, COO Jeffrey R. Leitzell sold 3,951 shares of the stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $119.65, for a total transaction of $472,737.15. Following the sale, the chief operating officer directly owned 45,739 shares of the company’s stock, valued at approximately $5,472,671.35. This trade represents a 7.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.13% of the company’s stock.

EOG Resources Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.