Asset One Wealth Management LLC Acquires New Shares in EOG Resources, Inc. $EOG

Asset One Wealth Management LLC acquired a new stake in EOG Resources, Inc. (NYSE:EOG) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 22,189 shares of the energy exploration company’s stock, valued at approximately $2,406,000.

Other hedge funds have also bought and sold shares of the company. Acumen Wealth Advisors LLC purchased a new position in EOG Resources in the 4th quarter valued at approximately $25,000. Prosperity Bancshares Inc purchased a new position in EOG Resources in the 4th quarter valued at approximately $26,000. Nemes Rush Group LLC purchased a new position in EOG Resources in the 4th quarter valued at approximately $30,000. Gen Wealth Partners Inc purchased a new position in EOG Resources in the 4th quarter valued at approximately $30,000. Finally, Olistico Wealth LLC purchased a new position in shares of EOG Resources during the 4th quarter valued at $33,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 5,698 shares of the company’s stock in a transaction 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 directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on EOG. Mizuho set a $157.00 price target on shares of EOG Resources and gave the company a “neutral” rating in a research report on Wednesday, May 27th. DA Davidson boosted their price target on shares of EOG Resources from $148.00 to $153.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. JPMorgan Chase & Co. boosted their price target on shares of EOG Resources from $145.00 to $148.00 in a research report on Thursday, May 7th. Truist Financial boosted their price target on shares of EOG Resources from $146.00 to $149.00 and gave the company a “hold” rating in a research report on Friday, May 8th. Finally, Wolfe Research boosted their price target on shares of EOG Resources from $152.00 to $154.00 and gave the company an “outperform” rating in a research report on Monday, April 6th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and sixteen have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $156.32.

EOG Resources Stock Up 1.1%

Shares of NYSE:EOG opened at $133.47 on Thursday. EOG Resources, Inc. has a 52-week low of $101.59 and a 52-week high of $151.87. The firm has a fifty day moving average of $136.42 and a 200 day moving average of $124.55. The firm has a market capitalization of $71.09 billion, a PE ratio of 13.14 and a beta of 0.25. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.53 and a current ratio of 1.72.

EOG Resources (NYSE:EOG) last announced its earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, topping 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 company had revenue of $6.92 billion during the quarter, compared to analyst estimates of $6.18 billion. During the same period in the previous year, the business earned $2.87 earnings per share. The firm’s quarterly revenue was up 22.1% compared to the same quarter last year. As a group, research analysts anticipate that EOG Resources, Inc. will post 16.63 EPS for the current fiscal year.

EOG Resources Dividend Announcement

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

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.