Peak Retirement Planning Inc. Has $2.03 Million Position in EOG Resources, Inc. $EOG

Peak Retirement Planning Inc. lifted its stake in EOG Resources, Inc. (NYSE:EOG) by 35.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 19,332 shares of the energy exploration company’s stock after purchasing an additional 5,021 shares during the quarter. Peak Retirement Planning Inc.’s holdings in EOG Resources were worth $2,030,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Capital World Investors increased its holdings in shares of EOG Resources by 1.4% in the third quarter. Capital World Investors now owns 54,907,949 shares of the energy exploration company’s stock valued at $6,156,495,000 after purchasing an additional 782,426 shares in the last quarter. Vanguard Group Inc. grew its holdings in EOG Resources by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 53,815,556 shares of the energy exploration company’s stock worth $5,651,172,000 after acquiring an additional 446,341 shares during the period. Capital Research Global Investors grew its holdings in EOG Resources by 0.5% during the 3rd quarter. Capital Research Global Investors now owns 24,926,659 shares of the energy exploration company’s stock worth $2,794,784,000 after acquiring an additional 122,486 shares during the period. Geode Capital Management LLC grew its holdings in EOG Resources by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 13,046,709 shares of the energy exploration company’s stock worth $1,364,309,000 after acquiring an additional 95,260 shares during the period. Finally, Northern Trust Corp grew its holdings in EOG Resources by 0.8% during the 3rd quarter. Northern Trust Corp now owns 5,974,950 shares of the energy exploration company’s stock worth $669,911,000 after acquiring an additional 49,987 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on EOG shares. Barclays lifted their target price on shares of EOG Resources from $140.00 to $153.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 26th. Morgan Stanley lifted their target price on shares of EOG Resources from $155.00 to $160.00 and gave the stock an “equal weight” rating in a report on Thursday, May 21st. Piper Sandler lifted their target price on shares of EOG Resources from $144.00 to $147.00 and gave the stock a “neutral” rating in a report on Wednesday, April 1st. Jefferies Financial Group lifted their target price on shares of EOG Resources from $146.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, April 13th. Finally, Roth Mkm reaffirmed a “neutral” rating and set a $136.00 target price on shares of EOG Resources in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and sixteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, EOG Resources currently has a consensus rating of “Moderate Buy” and a consensus target price of $156.39.

Insider Buying and Selling at EOG Resources

In related news, CFO Ann D. Janssen sold 4,161 shares of the business’s 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 sale, the chief financial officer directly owned 100,246 shares of the company’s stock, valued at approximately $14,038,449.84. The trade was a 3.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Jeffrey R. Leitzell sold 5,698 shares of the business’s 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 completion of the sale, the chief operating officer directly owned 88,045 shares in the company, valued at $13,234,924.40. This represents a 6.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 12,456 shares of company stock worth $1,788,033 over the last ninety days. 0.14% of the stock is currently owned by insiders.

EOG Resources Price Performance

Shares of EOG stock opened at $138.75 on Wednesday. EOG Resources, Inc. has a 12-month low of $101.59 and a 12-month high of $151.87. The firm has a market capitalization of $73.90 billion, a price-to-earnings ratio of 13.66 and a beta of 0.25. 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 firm has a fifty day moving average of $137.96 and a 200-day moving average of $122.05.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.23 by $0.18. The company had revenue of $6.92 billion during the quarter, compared to analyst estimates of $6.18 billion. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The firm’s revenue was up 22.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.87 EPS. On average, equities research analysts forecast that EOG Resources, Inc. will post 15.67 earnings per share for the current year.

EOG Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be given a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Friday, July 17th. EOG Resources’s payout ratio is currently 40.16%.

EOG Resources Profile

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.