Peak Retirement Planning Inc. Has $2.03 Million Position in EOG Resources, Inc. $EOG

Peak Retirement Planning Inc. grew its holdings in EOG Resources, Inc. (NYSE:EOG) by 35.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 19,332 shares of the energy exploration company’s stock after purchasing an additional 5,021 shares during the quarter. Peak Retirement Planning Inc.’s holdings in EOG Resources were worth $2,030,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in EOG. Capital World Investors grew its position in shares of EOG Resources by 1.4% in the third quarter. Capital World Investors now owns 54,907,949 shares of the energy exploration company’s stock valued at $6,156,495,000 after purchasing an additional 782,426 shares during the last quarter. Qube Research & Technologies Ltd bought a new stake in shares of EOG Resources in the third quarter valued at about $87,193,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of EOG Resources by 2,410.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 719,426 shares of the energy exploration company’s stock valued at $75,547,000 after buying an additional 690,765 shares during the period. TD Asset Management Inc lifted its stake in shares of EOG Resources by 288.1% in the third quarter. TD Asset Management Inc now owns 892,482 shares of the energy exploration company’s stock valued at $100,065,000 after buying an additional 662,539 shares during the period. Finally, Assenagon Asset Management S.A. lifted its stake in shares of EOG Resources by 140.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,102,999 shares of the energy exploration company’s stock valued at $115,826,000 after buying an additional 644,569 shares during the period. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources Stock Performance

NYSE:EOG opened at $138.75 on Wednesday. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year high of $151.87. The firm has a 50 day moving average of $137.96 and a 200-day moving average of $122.05. The company has a current ratio of 1.72, a quick ratio of 1.53 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $73.90 billion, a P/E ratio of 13.66 and a beta of 0.25.

EOG Resources (NYSE:EOG) last posted its earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, beating 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 company had revenue of $6.92 billion during the quarter, compared to analysts’ expectations of $6.18 billion. During the same quarter in the previous year, the company posted $2.87 earnings per share. EOG Resources’s quarterly revenue was up 22.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that EOG Resources, Inc. will post 15.67 EPS for the current fiscal year.

EOG Resources Dividend Announcement

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

Analysts Set New Price Targets

EOG has been the subject of several research reports. Mizuho set a $157.00 target price on shares of EOG Resources and gave the company a “neutral” rating in a research note on Wednesday, May 27th. Jefferies Financial Group increased their target price on shares of EOG Resources from $146.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, April 13th. Royal Bank Of Canada increased their target price on shares of EOG Resources from $138.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, April 8th. Morgan Stanley increased their target price on shares of EOG Resources from $155.00 to $160.00 and gave the company an “equal weight” rating in a research note on Thursday, May 21st. Finally, JPMorgan Chase & Co. increased their target price on shares of EOG Resources from $145.00 to $148.00 in a research note on Thursday, May 7th. 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, EOG Resources presently has an average rating of “Moderate Buy” and a consensus price target of $156.39.

Insider Buying and Selling

In other news, COO Jeffrey R. Leitzell sold 5,698 shares of EOG Resources stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total value of $856,523.36. Following the completion of the transaction, the chief operating officer owned 88,045 shares in the company, valued at approximately $13,234,924.40. The trade was a 6.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Ann D. Janssen sold 4,161 shares of EOG Resources stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $140.04, for a total transaction of $582,706.44. Following the completion of the transaction, the chief financial officer owned 100,246 shares of the company’s stock, valued at $14,038,449.84. This trade represents a 3.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 12,456 shares of company stock valued at $1,788,033 in the last quarter. 0.14% of the stock is currently owned by corporate insiders.

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.