EOG Resources, Inc. (NYSE:EOG) Shares Bought by Strategic Planning Group LLC

Strategic Planning Group LLC grew its position in EOG Resources, Inc. (NYSE:EOG) by 6.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,491 shares of the energy exploration company’s stock after buying an additional 2,111 shares during the period. Strategic Planning Group LLC’s holdings in EOG Resources were worth $4,423,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in EOG. Financial Life Planners purchased a new position in shares of EOG Resources during the 4th quarter worth $25,000. Y.D. More Investments Ltd lifted its position in EOG Resources by 149.4% in the fourth quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock valued at $25,000 after buying an additional 121 shares during the last quarter. Mainstream Capital Management LLC purchased a new position in EOG Resources during the fourth quarter worth about $25,000. Keystone Financial Group Inc. purchased a new position in EOG Resources during the fourth quarter worth about $27,000. Finally, Lee Danner & Bass Inc. purchased a new stake in shares of EOG Resources in the 4th quarter valued at approximately $28,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insider Buying and Selling

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

EOG Resources Trading Up 1.3%

Shares of NYSE:EOG opened at $112.83 on Wednesday. The company has a market cap of $61.58 billion, a PE ratio of 9.08, a P/E/G ratio of 3.58 and a beta of 0.78. The company’s 50 day moving average is $112.48 and its two-hundred day moving average is $122.82. EOG Resources, Inc. has a 52 week low of $102.52 and a 52 week high of $138.18. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share for the quarter, beating analysts’ consensus estimates of $2.75 by $0.12. The company had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.92 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. EOG Resources’s quarterly revenue was down 7.4% on a year-over-year basis. During the same period last year, the firm earned $2.82 earnings per share. Equities analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 17th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 3.62%. The ex-dividend date is Friday, October 17th. This is a positive change from EOG Resources’s previous quarterly dividend of $0.98. EOG Resources’s dividend payout ratio (DPR) is 36.18%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on EOG shares. Wells Fargo & Company lowered their price objective on shares of EOG Resources from $150.00 to $146.00 and set an “overweight” rating for the company in a research report on Thursday, March 13th. Scotiabank upgraded EOG Resources from a “sector perform” rating to a “sector outperform” rating and decreased their price target for the stock from $150.00 to $130.00 in a research note on Friday, April 11th. Morgan Stanley raised their price target on EOG Resources from $132.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Monday. Piper Sandler cut their price objective on EOG Resources from $135.00 to $133.00 and set a “neutral” rating on the stock in a report on Tuesday, April 22nd. Finally, Royal Bank of Canada upgraded EOG Resources from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $150.00 to $155.00 in a report on Wednesday, February 12th. Eleven equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $139.58.

About EOG Resources

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.