Hexagon Capital Partners LLC Boosts Stake in EOG Resources, Inc. (NYSE:EOG)

Hexagon Capital Partners LLC raised its position in EOG Resources, Inc. (NYSE:EOG) by 44.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,687 shares of the energy exploration company’s stock after purchasing an additional 1,128 shares during the quarter. Hexagon Capital Partners LLC’s holdings in EOG Resources were worth $471,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EOG. Fragasso Group Inc. raised its holdings in shares of EOG Resources by 2.2% during the fourth quarter. Fragasso Group Inc. now owns 3,912 shares of the energy exploration company’s stock worth $473,000 after purchasing an additional 86 shares during the last quarter. Moody National Bank Trust Division raised its holdings in shares of EOG Resources by 1.0% during the first quarter. Moody National Bank Trust Division now owns 8,420 shares of the energy exploration company’s stock worth $1,076,000 after purchasing an additional 87 shares during the last quarter. FinTrust Capital Advisors LLC raised its holdings in shares of EOG Resources by 26.9% during the fourth quarter. FinTrust Capital Advisors LLC now owns 420 shares of the energy exploration company’s stock worth $51,000 after purchasing an additional 89 shares during the last quarter. First United Bank & Trust raised its holdings in shares of EOG Resources by 1.8% during the fourth quarter. First United Bank & Trust now owns 5,160 shares of the energy exploration company’s stock worth $624,000 after purchasing an additional 91 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its holdings in shares of EOG Resources by 21.5% during the third quarter. Jones Financial Companies Lllp now owns 571 shares of the energy exploration company’s stock worth $72,000 after purchasing an additional 101 shares during the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

EOG Resources Price Performance

NYSE EOG traded up $0.66 during trading hours on Monday, hitting $126.53. 2,496,094 shares of the company’s stock traded hands, compared to its average volume of 3,280,575. EOG Resources, Inc. has a 52-week low of $108.94 and a 52-week high of $139.67. The company has a market capitalization of $72.72 billion, a PE ratio of 10.01, a PEG ratio of 1.75 and a beta of 1.30. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.32 and a quick ratio of 2.05. The firm’s 50-day moving average is $126.28 and its 200-day moving average is $122.44.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.70 by $0.12. EOG Resources had a net margin of 30.33% and a return on equity of 24.83%. The company had revenue of $6.12 billion during the quarter, compared to analysts’ expectations of $5.91 billion. During the same quarter in the prior year, the company earned $2.69 EPS. EOG Resources’s revenue was up 1.3% compared to the same quarter last year. Equities analysts forecast that EOG Resources, Inc. will post 11.99 EPS for the current fiscal year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Wednesday, July 17th. This represents a $3.64 annualized dividend and a dividend yield of 2.88%. EOG Resources’s dividend payout ratio (DPR) is 28.75%.

Analyst Upgrades and Downgrades

EOG has been the subject of several recent research reports. Barclays initiated coverage on shares of EOG Resources in a report on Wednesday, April 10th. They set an “equal weight” rating and a $144.00 target price for the company. KeyCorp initiated coverage on shares of EOG Resources in a research report on Thursday. They issued an “overweight” rating and a $157.00 price objective for the company. Piper Sandler upped their price objective on shares of EOG Resources from $153.00 to $154.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 14th. Scotiabank downgraded shares of EOG Resources from a “sector outperform” rating to a “sector perform” rating and upped their price objective for the stock from $135.00 to $155.00 in a research report on Thursday, April 11th. Finally, Morgan Stanley upped their price objective on shares of EOG Resources from $132.00 to $133.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. Thirteen analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, EOG Resources presently has a consensus rating of “Hold” and an average price target of $143.19.

Insider Activity

In other news, EVP Michael P. Donaldson sold 2,685 shares of the stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $130.29, for a total value of $349,828.65. Following the completion of the sale, the executive vice president now owns 109,040 shares of the company’s stock, valued at approximately $14,206,821.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, President Lloyd W. Helms, Jr. sold 1,296 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $130.27, for a total transaction of $168,829.92. Following the completion of the transaction, the president now owns 161,109 shares of the company’s stock, valued at approximately $20,987,669.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael P. Donaldson sold 2,685 shares of the stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $130.29, for a total transaction of $349,828.65. Following the transaction, the executive vice president now directly owns 109,040 shares of the company’s stock, valued at approximately $14,206,821.60. The disclosure for this sale can be found here. Insiders sold a total of 16,512 shares of company stock valued at $2,144,972 in the last 90 days. Company insiders own 0.20% of the company’s stock.

About EOG Resources

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.