HB Wealth Management LLC Raises Stock Position in EOG Resources, Inc. $EOG

HB Wealth Management LLC raised its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 72.4% during the second quarter, Holdings Channel.com reports. The fund owned 29,863 shares of the energy exploration company’s stock after buying an additional 12,538 shares during the period. HB Wealth Management LLC’s holdings in EOG Resources were worth $3,874,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Acumen Wealth Advisors LLC purchased a new position in EOG Resources in the 4th quarter worth approximately $25,000. SJS Investment Consulting Inc. grew its holdings in EOG Resources by 225.5% during the 1st quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock valued at $26,000 after buying an additional 124 shares in the last quarter. Prosperity Bancshares Inc purchased a new stake in EOG Resources during the 4th quarter valued at approximately $26,000. Nemes Rush Group LLC bought a new stake in shares of EOG Resources during the fourth quarter valued at approximately $30,000. Finally, Financial Life Planners bought a new stake in shares of EOG Resources during the first quarter valued at approximately $30,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on EOG shares. Barclays set a $147.00 target price on shares of EOG Resources and gave the stock an “equal weight” rating in a research report on Monday, August 17th. Raymond James Financial reiterated a “strong-buy” rating and issued a $183.00 price target on shares of EOG Resources in a research note on Monday, August 3rd. Jefferies Financial Group reissued a “buy” rating and set a $175.00 price objective (up from $170.00) on shares of EOG Resources in a report on Thursday, July 2nd. Susquehanna restated a “positive” rating and set a $170.00 price objective (up from $166.00) on shares of EOG Resources in a research report on Tuesday, July 21st. Finally, Truist Financial lifted their target price on EOG Resources from $134.00 to $153.00 and gave the stock a “hold” rating in a report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seventeen have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $157.04.

EOG Resources Stock Performance

EOG Resources stock opened at $145.11 on Tuesday. The company’s 50-day moving average price is $141.75 and its 200-day moving average price is $137.53. The company has a quick ratio of 1.68, a current ratio of 1.85 and a debt-to-equity ratio of 0.25. The company has a market cap of $76.11 billion, a PE ratio of 11.29, a price-to-earnings-growth ratio of 0.54 and a beta of 0.26. EOG Resources, Inc. has a twelve month low of $101.59 and a twelve month high of $153.67.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 EPS for the quarter, beating analysts’ consensus estimates of $4.97 by $0.10. The firm had revenue of $8.62 billion during the quarter, compared to the consensus estimate of $8.04 billion. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The firm’s revenue for the quarter was up 57.4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.32 EPS. On average, equities research analysts forecast that EOG Resources, Inc. will post 16.89 EPS for the current fiscal year.

EOG Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 16th will be issued a $1.02 dividend. The ex-dividend date is Friday, October 16th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.8%. EOG Resources’s payout ratio is 31.75%.

Insider Buying and Selling at EOG Resources

In related news, CEO Ezra Yacob sold 35,942 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $152.10, for a total transaction of $5,466,778.20. Following the sale, the chief executive officer owned 242,451 shares in the company, valued at approximately $36,876,797.10. This represents a 12.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.14% of the company’s stock.

EOG Resources Company 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.