Inceptionr LLC Invests $2.16 Million in EOG Resources, Inc. $EOG

Inceptionr LLC acquired a new stake in EOG Resources, Inc. (NYSE:EOG) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 19,303 shares of the energy exploration company’s stock, valued at approximately $2,164,000. EOG Resources makes up about 0.5% of Inceptionr LLC’s portfolio, making the stock its 4th largest position.

A number of other hedge funds have also made changes to their positions in the stock. JCIC Asset Management Inc. acquired a new stake in EOG Resources in the third quarter worth approximately $32,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of EOG Resources during the 2nd quarter valued at $35,000. Salomon & Ludwin LLC increased its position in shares of EOG Resources by 122.8% during the 3rd quarter. Salomon & Ludwin LLC now owns 323 shares of the energy exploration company’s stock valued at $36,000 after purchasing an additional 178 shares during the period. Mountain Hill Investment Partners Corp. bought a new stake in shares of EOG Resources in the 3rd quarter worth $37,000. Finally, Quent Capital LLC bought a new stake in shares of EOG Resources in the 3rd quarter worth $37,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $125.00, for a total transaction of $250,000.00. Following the sale, the chief operating officer owned 61,481 shares in the company, valued at $7,685,125. The trade was a 3.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 7,774 shares of company stock valued at $945,895 over the last quarter. Company insiders own 0.13% of the company’s stock.

EOG Resources Stock Up 0.5%

Shares of EOG Resources stock opened at $131.74 on Monday. EOG Resources, Inc. has a 12-month low of $101.59 and a 12-month high of $134.00. The firm has a market capitalization of $70.68 billion, a PE ratio of 14.46 and a beta of 0.44. The company has a quick ratio of 1.42, a current ratio of 1.63 and a debt-to-equity ratio of 0.27. The stock’s fifty day moving average is $113.78 and its 200-day moving average is $112.08.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $0.07. The business had revenue of $5.64 billion during the quarter, compared to analyst estimates of $5.36 billion. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.EOG Resources’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter last year, the company posted $2.74 EPS. Equities analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th will be given a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Thursday, April 16th. EOG Resources’s dividend payout ratio (DPR) is 44.79%.

Analyst Ratings Changes

Several brokerages recently weighed in on EOG. Scotiabank set a $123.00 target price on EOG Resources and gave the company a “sector perform” rating in a research note on Friday, January 16th. Citigroup reiterated a “neutral” rating and issued a $115.00 price target (down from $125.00) on shares of EOG Resources in a research report on Wednesday, December 17th. The Goldman Sachs Group cut their price target on shares of EOG Resources from $125.00 to $123.00 and set a “neutral” rating for the company in a report on Thursday, January 22nd. Sanford C. Bernstein restated a “market perform” rating and set a $126.00 price objective (down from $144.00) on shares of EOG Resources in a research report on Monday, January 5th. Finally, Jefferies Financial Group increased their target price on shares of EOG Resources from $140.00 to $146.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seventeen have assigned a Hold rating to the company. According to MarketBeat.com, EOG Resources presently has an average rating of “Hold” and a consensus price target of $135.31.

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.