CWA Asset Management Group LLC Acquires 2,697 Shares of EOG Resources, Inc. (NYSE:EOG)

CWA Asset Management Group LLC raised its stake in EOG Resources, Inc. (NYSE:EOG) by 15.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,344 shares of the energy exploration company’s stock after acquiring an additional 2,697 shares during the quarter. CWA Asset Management Group LLC’s holdings in EOG Resources were worth $2,609,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Wealthfront Advisers LLC grew its stake in shares of EOG Resources by 4,642.2% during the fourth quarter. Wealthfront Advisers LLC now owns 2,852,238 shares of the energy exploration company’s stock valued at $349,627,000 after purchasing an additional 2,792,092 shares during the last quarter. Capital World Investors boosted its position in EOG Resources by 5.2% in the 4th quarter. Capital World Investors now owns 45,919,327 shares of the energy exploration company’s stock valued at $5,628,497,000 after buying an additional 2,270,013 shares during the last quarter. Raymond James Financial Inc. bought a new position in EOG Resources in the 4th quarter valued at $171,193,000. GAMMA Investing LLC increased its stake in shares of EOG Resources by 14,784.1% in the 1st quarter. GAMMA Investing LLC now owns 1,281,374 shares of the energy exploration company’s stock valued at $164,323,000 after buying an additional 1,272,765 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of EOG Resources by 4.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 18,192,314 shares of the energy exploration company’s stock worth $2,230,014,000 after acquiring an additional 781,282 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Stock Down 0.7%

Shares of EOG Resources stock opened at $123.79 on Thursday. The company has a market capitalization of $67.56 billion, a P/E ratio of 11.48, a price-to-earnings-growth ratio of 10.18 and a beta of 0.74. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.87 and a quick ratio of 1.71. The business has a 50-day moving average of $112.77 and a two-hundred day moving average of $121.71. EOG Resources, Inc. has a 1 year low of $102.52 and a 1 year high of $138.18.

EOG Resources (NYSE:EOG) last posted its earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.75 by $0.12. EOG Resources had a return on equity of 22.35% and a net margin of 26.14%. The business had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.92 billion. During the same period in the prior year, the business earned $2.82 EPS. EOG Resources’s revenue for the quarter was down 7.4% compared to the same quarter last year. As a group, equities analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 17th will be given a $1.02 dividend. This is a boost from EOG Resources’s previous quarterly dividend of $0.98. This represents a $4.08 annualized dividend and a yield of 3.30%. The ex-dividend date of this dividend is Friday, October 17th. EOG Resources’s payout ratio is currently 36.18%.

Analyst Upgrades and Downgrades

EOG has been the topic of several research reports. Wall Street Zen lowered EOG Resources from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Scotiabank upgraded shares of EOG Resources from a “sector perform” rating to a “sector outperform” rating and cut their target price for the company from $150.00 to $130.00 in a research report on Friday, April 11th. Morgan Stanley set a $135.00 price target on shares of EOG Resources and gave the stock an “equal weight” rating in a research report on Monday, June 2nd. Williams Trading set a $154.00 price target on shares of EOG Resources in a research note on Wednesday, March 5th. Finally, Piper Sandler reduced their price objective on shares of EOG Resources from $135.00 to $133.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 22nd. Twelve analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $139.95.

Insider Activity at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total transaction of $515,767.12. Following the completion of the transaction, the chief operating officer now owns 47,732 shares in the company, valued at approximately $6,098,240.32. This represents a 7.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.13% of the stock is currently owned by insiders.

EOG Resources Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.