Compass Wealth Management LLC Purchases 7,306 Shares of EOG Resources, Inc. $EOG

Compass Wealth Management LLC boosted its position in EOG Resources, Inc. (NYSE:EOG) by 33.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 29,009 shares of the energy exploration company’s stock after buying an additional 7,306 shares during the quarter. Compass Wealth Management LLC’s holdings in EOG Resources were worth $3,046,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in EOG. Franklin Resources Inc. boosted its holdings in EOG Resources by 24.2% in the fourth quarter. Franklin Resources Inc. now owns 6,443,453 shares of the energy exploration company’s stock valued at $676,627,000 after acquiring an additional 1,257,110 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in EOG Resources by 23.9% in the fourth quarter. Bank of New York Mellon Corp now owns 4,669,969 shares of the energy exploration company’s stock valued at $490,394,000 after buying an additional 901,897 shares during the period. Capital World Investors lifted its stake in 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 buying an additional 782,426 shares during the period. Qube Research & Technologies Ltd acquired a new position in EOG Resources in the third quarter valued at about $87,193,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in 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. Institutional investors own 89.91% of the company’s stock.

Analysts Set New Price Targets

EOG has been the topic of several analyst reports. Zacks Research lowered EOG Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 27th. JPMorgan Chase & Co. increased their target price on EOG Resources from $145.00 to $148.00 in a research note on Thursday, May 7th. Wall Street Zen raised EOG Resources from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Wells Fargo & Company set a $196.00 target price on EOG Resources and gave the company an “overweight” rating in a research note on Wednesday, May 13th. Finally, Williams Trading set a $177.00 target price on EOG Resources in a research note on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and sixteen have assigned a Hold rating to the stock. According to data from MarketBeat, EOG Resources has an average rating of “Moderate Buy” and an average price target of $156.32.

EOG Resources Trading Up 2.3%

NYSE EOG opened at $140.54 on Thursday. The firm has a market cap of $74.85 billion, a P/E ratio of 13.83 and a beta of 0.25. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.72 and a quick ratio of 1.53. The stock’s 50-day moving average is $137.28 and its 200-day moving average is $123.58. EOG Resources, Inc. has a one year low of $101.59 and a one year high of $151.87.

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

EOG Resources Dividend Announcement

The firm 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 dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, July 17th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.9%. EOG Resources’s dividend payout ratio (DPR) is currently 40.16%.

Insider Transactions at EOG Resources

In other news, CFO Ann D. Janssen sold 4,161 shares of the firm’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $140.04, for a total transaction of $582,706.44. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Jeffrey R. Leitzell sold 5,698 shares of the firm’s stock in a transaction dated 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 directly owned 88,045 shares in the company, valued at approximately $13,234,924.40. This represents a 6.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.14% of the company’s stock.

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.