EOG Resources, Inc. (NYSE:EOG) Holdings Lifted by Impact Partnership Wealth LLC

Impact Partnership Wealth LLC boosted its holdings in EOG Resources, Inc. (NYSE:EOG) by 91.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,387 shares of the energy exploration company’s stock after acquiring an additional 5,426 shares during the quarter. Impact Partnership Wealth LLC’s holdings in EOG Resources were worth $1,433,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Wright Investors Service Inc. increased its position in EOG Resources by 0.8% during the first quarter. Wright Investors Service Inc. now owns 10,163 shares of the energy exploration company’s stock worth $1,299,000 after buying an additional 80 shares during the last quarter. CVA Family Office LLC increased its holdings in shares of EOG Resources by 11.0% during the 2nd quarter. CVA Family Office LLC now owns 820 shares of the energy exploration company’s stock valued at $103,000 after acquiring an additional 81 shares during the last quarter. Bailard Inc. raised its stake in shares of EOG Resources by 0.4% in the 2nd quarter. Bailard Inc. now owns 19,899 shares of the energy exploration company’s stock valued at $2,505,000 after acquiring an additional 81 shares in the last quarter. Field & Main Bank lifted its holdings in EOG Resources by 1.4% in the 1st quarter. Field & Main Bank now owns 6,163 shares of the energy exploration company’s stock worth $788,000 after purchasing an additional 83 shares during the last quarter. Finally, PDS Planning Inc boosted its position in EOG Resources by 4.1% during the first quarter. PDS Planning Inc now owns 2,152 shares of the energy exploration company’s stock worth $275,000 after purchasing an additional 84 shares during the period. 89.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on EOG. Truist Financial dropped their price target on shares of EOG Resources from $136.00 to $130.00 and set a “hold” rating on the stock in a research report on Monday, July 22nd. Royal Bank of Canada reiterated a “sector perform” rating and issued a $147.00 target price on shares of EOG Resources in a report on Wednesday, July 10th. StockNews.com upgraded shares of EOG Resources from a “hold” rating to a “buy” rating in a report on Monday, August 5th. UBS Group lifted their price objective on EOG Resources from $166.00 to $167.00 and gave the stock a “buy” rating in a research note on Tuesday, August 20th. Finally, Scotiabank decreased their target price on EOG Resources from $155.00 to $150.00 and set a “sector perform” rating for the company in a research note on Friday, July 12th. Thirteen equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $143.95.

EOG Resources Stock Performance

EOG traded down $0.20 during trading on Thursday, reaching $122.58. 47,115 shares of the company’s stock were exchanged, compared to its average volume of 3,120,554. The company has a market capitalization of $70.45 billion, a P/E ratio of 9.70, a PEG ratio of 3.22 and a beta of 1.30. The company has a quick ratio of 1.89, a current ratio of 2.12 and a debt-to-equity ratio of 0.11. The business has a 50 day moving average price of $126.84 and a 200 day moving average price of $125.98. EOG Resources, Inc. has a fifty-two week low of $108.94 and a fifty-two week high of $139.67.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Thursday, August 1st. The energy exploration company reported $3.16 EPS for the quarter, topping analysts’ consensus estimates of $2.98 by $0.18. The company had revenue of $6.03 billion during the quarter, compared to the consensus estimate of $6.07 billion. EOG Resources had a net margin of 30.33% and a return on equity of 25.42%. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period last year, the firm earned $2.49 EPS. As a group, analysts predict that EOG Resources, Inc. will post 12.2 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date is Thursday, October 17th. EOG Resources’s payout ratio is 28.75%.

Insider Activity

In related news, EVP Michael P. Donaldson sold 11,037 shares of the business’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $129.50, for a total value of $1,429,291.50. Following the sale, the executive vice president now owns 74,250 shares of the company’s stock, valued at approximately $9,615,375. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $126.48, for a total value of $505,920.00. Following the transaction, the chief operating officer now directly owns 35,058 shares in the company, valued at $4,434,135.84. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Michael P. Donaldson sold 11,037 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the sale, the executive vice president now directly owns 74,250 shares of the company’s stock, valued at approximately $9,615,375. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,537 shares of company stock worth $2,751,612. Company insiders own 0.30% 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.