Catalytic Wealth RIA LLC Raises Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

Catalytic Wealth RIA LLC boosted its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 45.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,445 shares of the energy exploration company’s stock after purchasing an additional 766 shares during the quarter. Catalytic Wealth RIA LLC’s holdings in EOG Resources were worth $313,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Exchange Traded Concepts LLC lifted its position in EOG Resources by 530.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock worth $30,000 after buying an additional 212 shares in the last quarter. Raymond James Trust N.A. lifted its position in EOG Resources by 2.0% during the fourth quarter. Raymond James Trust N.A. now owns 15,985 shares of the energy exploration company’s stock worth $1,933,000 after buying an additional 308 shares in the last quarter. BKM Wealth Management LLC acquired a new stake in EOG Resources during the fourth quarter worth $79,000. OneAscent Financial Services LLC acquired a new stake in EOG Resources during the fourth quarter worth $211,000. Finally, Brookstone Capital Management increased its stake in EOG Resources by 25.3% during the fourth quarter. Brookstone Capital Management now owns 1,861 shares of the energy exploration company’s stock worth $225,000 after acquiring an additional 376 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Barclays assumed coverage on EOG Resources in a research note on Wednesday, April 10th. They set an “equal weight” rating and a $144.00 target price for the company. Sanford C. Bernstein cut their target price on EOG Resources from $139.00 to $125.00 and set a “market perform” rating for the company in a research note on Wednesday, July 17th. Piper Sandler raised their target price on EOG Resources from $153.00 to $154.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 14th. Morgan Stanley raised their target price on EOG Resources from $132.00 to $133.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Finally, Susquehanna raised their target price on EOG Resources from $147.00 to $155.00 and gave the stock a “positive” rating in a research note on Monday, April 22nd. Fifteen analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $143.20.

Insider Activity at EOG Resources

In other EOG Resources news, President Lloyd W. Helms, Jr. sold 1,296 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $130.27, for a total transaction of $168,829.92. Following the completion of the sale, the president now directly owns 161,109 shares of the company’s stock, valued at approximately $20,987,669.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other EOG Resources news, President Lloyd W. Helms, Jr. sold 1,296 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $130.27, for a total transaction of $168,829.92. Following the completion of the sale, the president now directly owns 161,109 shares of the company’s stock, valued at approximately $20,987,669.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 value of $349,828.65. Following the sale, the executive vice president now directly owns 109,040 shares of the company’s stock, valued at $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 three months. 0.30% of the stock is currently owned by company insiders.

EOG Resources Stock Down 1.8 %

NYSE EOG traded down $2.33 during trading hours on Monday, hitting $126.92. 2,087,648 shares of the company were exchanged, compared to its average volume of 3,205,811. The company has a 50 day moving average of $124.98 and a two-hundred day moving average of $123.15. The company has a quick ratio of 2.05, a current ratio of 2.32 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a 52-week low of $108.94 and a 52-week high of $139.67. The firm has a market cap of $72.94 billion, a price-to-earnings ratio of 10.03, a PEG ratio of 1.78 and a beta of 1.30.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.70 by $0.12. The company had revenue of $6.12 billion for the quarter, compared to the consensus estimate of $5.91 billion. EOG Resources had a return on equity of 24.83% and a net margin of 30.33%. EOG Resources’s revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.69 EPS. Equities research analysts anticipate that EOG Resources, Inc. will post 12.18 earnings per share for the current year.

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be given a $0.91 dividend. The ex-dividend date is Wednesday, July 17th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.87%. EOG Resources’s dividend payout ratio (DPR) is presently 28.75%.

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.