Asset One Wealth Management LLC Makes New Investment in EOG Resources, Inc. $EOG

Asset One Wealth Management LLC purchased a new position in EOG Resources, Inc. (NYSE:EOG) in the 4th quarter, Holdings Channel.com reports. The fund purchased 22,189 shares of the energy exploration company’s stock, valued at approximately $2,406,000.

Several other hedge funds have also added to or reduced their stakes in EOG. Franklin Resources Inc. lifted its stake in EOG Resources by 24.2% in the fourth quarter. Franklin Resources Inc. now owns 6,443,453 shares of the energy exploration company’s stock worth $676,627,000 after purchasing an additional 1,257,110 shares during the last quarter. First Trust Advisors LP lifted its stake in EOG Resources by 70.5% in the fourth quarter. First Trust Advisors LP now owns 2,977,912 shares of the energy exploration company’s stock worth $312,711,000 after purchasing an additional 1,231,366 shares during the last quarter. Marshall Wace LLP lifted its stake in EOG Resources by 474.7% in the fourth quarter. Marshall Wace LLP now owns 1,318,254 shares of the energy exploration company’s stock worth $138,430,000 after purchasing an additional 1,088,867 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in EOG Resources by 23.9% in the fourth quarter. Bank of New York Mellon Corp now owns 4,669,969 shares of the energy exploration company’s stock worth $490,394,000 after purchasing an additional 901,897 shares during the last quarter. Finally, Capital World Investors lifted its stake in 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 worth $6,156,495,000 after purchasing an additional 782,426 shares during the last quarter. 89.91% of the stock is owned by institutional investors.

Insider Activity

In related news, COO Jeffrey R. Leitzell sold 5,698 shares of the business’s stock in a transaction dated 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 $13,234,924.40. The trade was a 6.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.14% of the stock is owned by corporate insiders.

EOG Resources Price Performance

Shares of NYSE EOG opened at $133.47 on Thursday. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year high of $151.87. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.72 and a quick ratio of 1.53. The company’s 50-day moving average is $136.42 and its 200 day moving average is $124.55. The stock has a market capitalization of $71.09 billion, a P/E ratio of 13.14 and a beta of 0.25.

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. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The company had revenue of $6.92 billion for the quarter, compared to analysts’ expectations of $6.18 billion. During the same quarter in the previous year, the company earned $2.87 earnings per share. EOG Resources’s quarterly revenue was up 22.1% on a year-over-year basis. On average, sell-side analysts expect that EOG Resources, Inc. will post 16.63 earnings per share for the current year.

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors 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 dividend yield of 3.1%. EOG Resources’s payout ratio is currently 40.16%.

Analyst Ratings Changes

Several research firms have weighed in on EOG. DA Davidson boosted their price target on shares of EOG Resources from $148.00 to $153.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Susquehanna upped their price objective on shares of EOG Resources from $144.00 to $162.00 and gave the company a “positive” rating in a research note on Tuesday, April 21st. JPMorgan Chase & Co. upped their price objective on shares of EOG Resources from $145.00 to $148.00 in a research note on Thursday, May 7th. Jefferies Financial Group upped their price objective on shares of EOG Resources from $146.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, April 13th. Finally, UBS Group upped their price objective on shares of EOG Resources from $141.00 to $149.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. One investment 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. Based on data from MarketBeat.com, EOG Resources presently has a consensus rating of “Moderate Buy” and a consensus price target of $156.32.

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.