SG Trading Solutions LLC Makes New Investment in EOG Resources, Inc. $EOG

SG Trading Solutions LLC bought a new stake in shares of EOG Resources, Inc. (NYSE:EOG) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,002 shares of the energy exploration company’s stock, valued at approximately $630,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EOG. Acumen Wealth Advisors LLC purchased a new position in EOG Resources during the 4th quarter valued at $25,000. Prosperity Bancshares Inc purchased a new stake in shares of EOG Resources in the 4th quarter worth about $26,000. Nemes Rush Group LLC purchased a new stake in shares of EOG Resources in the 4th quarter worth about $30,000. Gen Wealth Partners Inc bought a new stake in shares of EOG Resources during the 4th quarter valued at about $30,000. Finally, Olistico Wealth LLC bought a new stake in shares of EOG Resources during the 4th quarter valued at about $33,000. Institutional investors own 89.91% of the company’s stock.

EOG Resources Trading Up 0.1%

Shares of NYSE EOG opened at $130.05 on Friday. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year high of $151.87. The stock has a market cap of $69.27 billion, a P/E ratio of 12.80 and a beta of 0.25. The firm has a 50-day moving average of $135.96 and a 200 day moving average of $124.75. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.72 and a quick ratio of 1.53.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share for the quarter, topping analysts’ consensus estimates of $3.23 by $0.18. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The business had revenue of $6.92 billion for the quarter, compared to analysts’ expectations of $6.18 billion. During the same quarter in the prior year, the company earned $2.87 earnings per share. The business’s revenue was up 22.1% compared to the same quarter last year. As a group, sell-side analysts expect that EOG Resources, Inc. will post 16.63 EPS for the current fiscal year.

EOG Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Friday, July 17th. EOG Resources’s payout ratio is currently 40.16%.

Insider Activity at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 5,698 shares of the company’s stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total value of $856,523.36. Following the sale, the chief operating officer owned 88,045 shares in the company, valued at $13,234,924.40. This represents a 6.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Jefferies Financial Group increased their price target on shares of EOG Resources from $146.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, April 13th. Citigroup reaffirmed a “neutral” rating and set a $147.00 price objective (up from $142.00) on shares of EOG Resources in a research report on Wednesday, May 20th. Roth Mkm reissued a “neutral” rating and issued a $136.00 target price on shares of EOG Resources in a research report on Wednesday, May 6th. The Goldman Sachs Group raised their target price on EOG Resources from $135.00 to $139.00 and gave the company a “neutral” rating in a research note on Tuesday, May 12th. Finally, Royal Bank Of Canada lifted their price target on EOG Resources from $138.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, April 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and sixteen have assigned a Hold rating to the stock. Based on data from MarketBeat, EOG Resources currently has a consensus rating of “Moderate Buy” and an average target price of $156.32.

EOG Resources Profile

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.