Inceptionr LLC Invests $2.16 Million in EOG Resources, Inc. $EOG

Inceptionr LLC purchased a new stake in shares of EOG Resources, Inc. (NYSE:EOG) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 19,303 shares of the energy exploration company’s stock, valued at approximately $2,164,000. EOG Resources makes up approximately 0.5% of Inceptionr LLC’s holdings, making the stock its 4th biggest holding.

Other large investors have also recently bought and sold shares of the company. JCIC Asset Management Inc. purchased a new stake in EOG Resources in the 3rd quarter worth about $32,000. Twin Peaks Wealth Advisors LLC purchased a new position in EOG Resources during the 2nd quarter valued at about $35,000. Salomon & Ludwin LLC grew its stake in EOG Resources by 122.8% during the 3rd quarter. Salomon & Ludwin LLC now owns 323 shares of the energy exploration company’s stock valued at $36,000 after acquiring an additional 178 shares in the last quarter. Mountain Hill Investment Partners Corp. acquired a new position in shares of EOG Resources in the 3rd quarter valued at about $37,000. Finally, Quent Capital LLC acquired a new position in shares of EOG Resources in the 3rd quarter valued at about $37,000. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources Price Performance

NYSE EOG opened at $131.74 on Monday. The company has a quick ratio of 1.42, a current ratio of 1.63 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $70.68 billion, a PE ratio of 14.46 and a beta of 0.44. EOG Resources, Inc. has a 12-month low of $101.59 and a 12-month high of $134.00. The company has a 50 day moving average price of $113.78 and a two-hundred day moving average price of $112.08.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 EPS for the quarter, topping the consensus estimate of $2.20 by $0.07. The company had revenue of $5.64 billion for the quarter, compared to analyst estimates of $5.36 billion. EOG Resources had a net margin of 22.00% and a return on equity of 18.67%. EOG Resources’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.74 EPS. As a group, equities analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Thursday, April 16th. EOG Resources’s dividend payout ratio is presently 44.79%.

Wall Street Analysts Forecast Growth

EOG has been the subject of several research reports. Citigroup restated a “neutral” rating and set a $115.00 price target (down from $125.00) on shares of EOG Resources in a report on Wednesday, December 17th. Scotiabank set a $123.00 price objective on shares of EOG Resources and gave the company a “sector perform” rating in a research note on Friday, January 16th. Wells Fargo & Company reissued an “overweight” rating and set a $127.00 target price (up from $126.00) on shares of EOG Resources in a research note on Tuesday, January 27th. Roth Mkm restated a “neutral” rating and set a $110.00 price target on shares of EOG Resources in a report on Wednesday, February 25th. Finally, Wolfe Research upped their price target on shares of EOG Resources from $137.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seventeen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $135.31.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 2,000 shares of the firm’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $125.00, for a total transaction of $250,000.00. Following the transaction, the chief operating officer directly owned 61,481 shares in the company, valued at $7,685,125. This trade represents a 3.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 7,774 shares of company stock worth $945,895 in the last 90 days. 0.13% of the stock is owned by company insiders.

About EOG Resources

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.