Sanctuary Advisors LLC Buys 14,312 Shares of EOG Resources, Inc. $EOG

Sanctuary Advisors LLC grew its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 21.4% during the first quarter, HoldingsChannel.com reports. The fund owned 81,239 shares of the energy exploration company’s stock after buying an additional 14,312 shares during the quarter. Sanctuary Advisors LLC’s holdings in EOG Resources were worth $11,745,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Hardy Reed LLC lifted its position in EOG Resources by 3.8% during the first quarter. Hardy Reed LLC now owns 2,251 shares of the energy exploration company’s stock valued at $325,000 after purchasing an additional 82 shares during the period. Fulton Bank N.A. grew its position in EOG Resources by 2.1% in the 1st quarter. Fulton Bank N.A. now owns 4,577 shares of the energy exploration company’s stock worth $662,000 after purchasing an additional 93 shares during the period. Ethos Financial Group LLC grew its position in EOG Resources by 2.5% in the 4th quarter. Ethos Financial Group LLC now owns 4,180 shares of the energy exploration company’s stock worth $439,000 after purchasing an additional 100 shares during the period. Anchor Investment Management LLC raised its stake in EOG Resources by 44.0% during the 1st quarter. Anchor Investment Management LLC now owns 334 shares of the energy exploration company’s stock valued at $48,000 after buying an additional 102 shares during the last quarter. Finally, Sumitomo Life Insurance Co. raised its stake in EOG Resources by 0.4% during the 4th quarter. Sumitomo Life Insurance Co. now owns 22,784 shares of the energy exploration company’s stock valued at $2,393,000 after buying an additional 102 shares during the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

EOG Resources Trading Up 0.7%

Shares of NYSE:EOG opened at $138.41 on Friday. The stock has a 50 day moving average of $135.72 and a 200 day moving average of $128.47. The company has a market cap of $73.72 billion, a PE ratio of 13.62 and a beta of 0.25. EOG Resources, Inc. has a 12-month low of $101.59 and a 12-month high of $151.87. The company has a current ratio of 1.72, a quick ratio of 1.53 and a debt-to-equity ratio of 0.26.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $6.18 billion. During the same quarter in the previous year, the firm earned $2.87 earnings per share. The company’s revenue for the quarter was up 22.1% on a year-over-year basis. As a group, equities research analysts expect that EOG Resources, Inc. will post 16.19 EPS for the current year.

EOG Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Friday, July 17th. EOG Resources’s dividend payout ratio (DPR) is presently 40.16%.

Wall Street Analysts Forecast Growth

EOG has been the topic of a number of research reports. BMO Capital Markets raised their price target on EOG Resources from $140.00 to $160.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 1st. Weiss Ratings upgraded EOG Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, May 13th. Roth Capital reissued a “neutral” rating and issued a $136.00 target price on shares of EOG Resources in a report on Wednesday, May 6th. Morgan Stanley dropped their target price on EOG Resources from $160.00 to $156.00 and set an “equal weight” rating on the stock in a research report on Friday, June 26th. Finally, Truist Financial cut their price target on EOG Resources from $149.00 to $134.00 and set a “hold” rating for the company in a research note on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and sixteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, EOG Resources presently has a consensus rating of “Moderate Buy” and an average target price of $155.04.

About EOG Resources

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.