EOG Resources, Inc. $EOG Shares Purchased by Valley Wealth Managers Inc.

Valley Wealth Managers Inc. raised its position in EOG Resources, Inc. (NYSE:EOG) by 24.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,005 shares of the energy exploration company’s stock after purchasing an additional 6,586 shares during the period. Valley Wealth Managers Inc.’s holdings in EOG Resources were worth $3,466,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of EOG. JCIC Asset Management Inc. purchased a new position in shares of EOG Resources during the third quarter valued at approximately $32,000. Olistico Wealth LLC purchased a new stake in EOG Resources in the 4th quarter worth approximately $33,000. Mountain Hill Investment Partners Corp. acquired a new position in EOG Resources in the 3rd quarter valued at $37,000. Quent Capital LLC acquired a new position in EOG Resources in the 3rd quarter valued at $37,000. Finally, Physician Wealth Advisors Inc. lifted its stake in shares of EOG Resources by 103.0% during the 4th 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 during the period. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources Trading Up 2.5%

Shares of EOG opened at $133.26 on Tuesday. EOG Resources, Inc. has a twelve month low of $101.59 and a twelve month high of $151.87. The firm has a market capitalization of $70.98 billion, a P/E ratio of 13.12, a price-to-earnings-growth ratio of 1.61 and a beta of 0.27. The company has a current ratio of 1.72, a quick ratio of 1.53 and a debt-to-equity ratio of 0.26. The stock’s fifty day simple moving average is $136.06 and its 200 day simple moving average is $118.67.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.23 by $0.18. The firm had revenue of $6.92 billion during the quarter, compared to the consensus estimate of $6.18 billion. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The firm’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.87 earnings per share. On average, equities research analysts forecast that EOG Resources, Inc. will post 14.81 earnings per share for the current year.

EOG Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be issued a $1.02 dividend. The ex-dividend date is Friday, July 17th. This represents a $4.08 annualized dividend and a yield of 3.1%. EOG Resources’s dividend payout ratio (DPR) is presently 40.16%.

Insider Buying and Selling

In related news, COO Jeffrey R. Leitzell sold 5,698 shares of EOG Resources stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total transaction of $856,523.36. Following the transaction, the chief operating officer owned 88,045 shares in the company, valued at approximately $13,234,924.40. The trade was a 6.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Ann D. Janssen sold 4,161 shares of the stock in a transaction on 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 of the company’s stock, valued at approximately $14,038,449.84. This represents a 3.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 18,230 shares of company stock worth $2,522,568. 0.14% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Sanford C. Bernstein set a $155.00 price objective on EOG Resources and gave the stock a “market perform” rating in a report on Monday. Zacks Research upgraded EOG Resources from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 28th. DA Davidson increased their target price on EOG Resources from $148.00 to $153.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Capital One Financial raised their price target on EOG Resources from $130.00 to $161.00 and gave the stock an “overweight” rating in a research note on Thursday, March 26th. Finally, JPMorgan Chase & Co. lifted their price target on EOG Resources from $145.00 to $148.00 in a report on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seventeen have assigned a Hold rating to the company. According to MarketBeat.com, EOG Resources has a consensus rating of “Moderate Buy” and a consensus price target of $154.17.

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.