InterOcean Capital Group LLC Raises Stake in EOG Resources, Inc. (NYSE:EOG)

InterOcean Capital Group LLC boosted its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 10.0% during the 1st quarter, HoldingsChannel reports. The firm owned 5,006 shares of the energy exploration company’s stock after purchasing an additional 454 shares during the period. InterOcean Capital Group LLC’s holdings in EOG Resources were worth $640,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sachetta LLC acquired a new stake in shares of EOG Resources in the 4th quarter worth $33,000. Keener Financial Planning LLC acquired a new stake in shares of EOG Resources in the 4th quarter worth $36,000. Norwood Financial Corp acquired a new stake in shares of EOG Resources in the 1st quarter worth $37,000. LifeSteps Financial Inc. acquired a new stake in shares of EOG Resources in the 1st quarter worth $38,000. Finally, GoalVest Advisory LLC lifted its stake in shares of EOG Resources by 135.4% in the 1st quarter. GoalVest Advisory LLC now owns 306 shares of the energy exploration company’s stock worth $39,000 after acquiring an additional 176 shares during the period. 89.91% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at EOG Resources

In other news, CEO Ezra Y. Yacob sold 4,729 shares of EOG Resources stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $129.31, for a total transaction of $611,506.99. Following the completion of the sale, the chief executive officer now directly owns 150,474 shares in the company, valued at $19,457,792.94. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, EVP Michael P. Donaldson sold 2,685 shares of the business’s 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 directly owns 109,040 shares in the company, valued at $14,206,821.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Ezra Y. Yacob sold 4,729 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $129.31, for a total transaction of $611,506.99. Following the completion of the sale, the chief executive officer now owns 150,474 shares of the company’s stock, valued at $19,457,792.94. The disclosure for this sale can be found here. Insiders sold a total of 16,512 shares of company stock worth $2,144,972 over the last ninety days. 0.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Stifel Nicolaus reduced their target price on shares of EOG Resources from $153.00 to $150.00 and set a “buy” rating for the company in a research note on Tuesday, April 23rd. StockNews.com cut shares of EOG Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Mizuho raised their price objective on shares of EOG Resources from $140.00 to $156.00 and gave the company a “buy” rating in a research note on Monday, May 13th. Bank of America reiterated a “buy” rating and issued a $151.00 price objective on shares of EOG Resources in a research note on Friday, June 14th. Finally, Truist Financial reduced their price objective on shares of EOG Resources from $136.00 to $130.00 and set a “hold” rating for the company in a research note on Monday. Fifteen equities research 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 company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $143.20.

EOG Resources Trading Up 1.6 %

Shares of NYSE EOG traded up $1.94 during midday trading on Thursday, reaching $127.04. 2,240,610 shares of the stock were exchanged, compared to its average volume of 3,195,439. The company has a market capitalization of $73.01 billion, a P/E ratio of 10.00, a P/E/G ratio of 1.72 and a beta of 1.30. EOG Resources, Inc. has a 52-week low of $108.94 and a 52-week high of $139.67. The company has a current ratio of 2.32, a quick ratio of 2.05 and a debt-to-equity ratio of 0.13. The stock has a 50 day moving average price of $124.81 and a 200-day moving average price of $123.19.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.70 by $0.12. The business had revenue of $6.12 billion during the quarter, compared to the consensus estimate of $5.91 billion. EOG Resources had a net margin of 30.33% and a return on equity of 24.83%. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.69 earnings per share. Equities research analysts expect that EOG Resources, Inc. will post 12.1 earnings per share 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 issued a dividend of $0.91 per share. The ex-dividend date of this dividend 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%.

EOG Resources Company Profile

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.