Havemeyer Place LP Invests $1.08 Million in EOG Resources, Inc. $EOG

Havemeyer Place LP acquired a new position in EOG Resources, Inc. (NYSE:EOGFree Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,323 shares of the energy exploration company’s stock, valued at approximately $1,084,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EOG. Olistico Wealth LLC purchased a new stake in shares of EOG Resources in the fourth quarter worth $33,000. Physician Wealth Advisors Inc. increased its stake in shares of EOG Resources by 103.0% in the fourth quarter. Physician Wealth Advisors Inc. now owns 335 shares of the energy exploration company’s stock worth $35,000 after purchasing an additional 170 shares in the last quarter. Laurel Wealth Advisors LLC purchased a new stake in shares of EOG Resources in the fourth quarter worth $38,000. City Holding Co. increased its stake in shares of EOG Resources by 469.2% in the fourth quarter. City Holding Co. now owns 370 shares of the energy exploration company’s stock worth $39,000 after purchasing an additional 305 shares in the last quarter. Finally, Osterweis Capital Management Inc. increased its stake in shares of EOG Resources by 3,790.0% in the second quarter. Osterweis Capital Management Inc. now owns 389 shares of the energy exploration company’s stock worth $47,000 after purchasing an additional 379 shares in the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

EOG Resources Price Performance

EOG stock opened at $137.72 on Monday. EOG Resources, Inc. has a 52 week low of $101.59 and a 52 week high of $151.87. The company has a quick ratio of 1.53, a current ratio of 1.72 and a debt-to-equity ratio of 0.26. The company has a fifty day simple moving average of $137.86 and a two-hundred day simple moving average of $122.91. The firm has a market capitalization of $73.35 billion, a P/E ratio of 13.55 and a beta of 0.25.

EOG Resources (NYSE:EOGGet Free Report) last released its quarterly earnings data on Tuesday, May 5th. The energy exploration company reported $3.41 EPS for the quarter, beating the consensus estimate of $3.23 by $0.18. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The business had revenue of $6.92 billion during the quarter, compared to analyst estimates of $6.18 billion. During the same quarter last year, the business earned $2.87 earnings per share. EOG Resources’s quarterly revenue was up 22.1% compared to the same quarter last year. Analysts anticipate that EOG Resources, Inc. will post 16.63 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be given a dividend of $1.02 per share. The ex-dividend date is Friday, July 17th. This represents a $4.08 annualized dividend and a yield of 3.0%. EOG Resources’s dividend payout ratio (DPR) is 40.16%.

Analyst Ratings Changes

A number of brokerages recently weighed in on EOG. BMO Capital Markets upped their target price on shares of EOG Resources from $140.00 to $160.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 1st. Raymond James Financial upped their target price on shares of EOG Resources from $157.00 to $185.00 and gave the stock a “strong-buy” rating in a research report on Friday, March 27th. Wolfe Research upped their target price on shares of EOG Resources from $152.00 to $154.00 and gave the stock an “outperform” rating in a research report on Monday, April 6th. Truist Financial upped their target price on shares of EOG Resources from $146.00 to $149.00 and gave the stock a “hold” rating in a research report on Friday, May 8th. Finally, Susquehanna upped their target price on shares of EOG Resources from $144.00 to $162.00 and gave the stock a “positive” rating in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and sixteen have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $156.32.

Check Out Our Latest Stock Report on EOG Resources

Key Headlines Impacting EOG Resources

Here are the key news stories impacting EOG Resources this week:

Insider Activity

In other news, CFO Ann D. Janssen sold 4,161 shares of the firm’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $140.04, for a total value of $582,706.44. Following the completion of the sale, the chief financial officer owned 100,246 shares in the company, valued at approximately $14,038,449.84. This trade represents a 3.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jeffrey R. Leitzell sold 5,698 shares of the firm’s stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total transaction of $856,523.36. Following the completion of the sale, the chief operating officer owned 88,045 shares of the company’s stock, valued at $13,234,924.40. This trade represents a 6.08% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 12,456 shares of company stock valued at $1,788,033 in the last 90 days. Company insiders own 0.14% of the company’s stock.

About EOG Resources

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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