Sprinkle Financial Consultants LLC Takes $1.89 Million Position in EOG Resources, Inc. (NYSE:EOG)

Sprinkle Financial Consultants LLC purchased a new position in shares of EOG Resources, Inc. (NYSE:EOGFree Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 15,661 shares of the energy exploration company’s stock, valued at approximately $1,894,000. EOG Resources accounts for approximately 1.9% of Sprinkle Financial Consultants LLC’s investment portfolio, making the stock its 13th largest position.

Several other large investors have also recently added to or reduced their stakes in the stock. Alpha DNA Investment Management LLC raised its stake in shares of EOG Resources by 237.0% during the fourth quarter. Alpha DNA Investment Management LLC now owns 29,249 shares of the energy exploration company’s stock valued at $3,538,000 after purchasing an additional 20,570 shares during the period. Brown Brothers Harriman & Co. increased its stake in EOG Resources by 11.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 86,207 shares of the energy exploration company’s stock worth $10,427,000 after buying an additional 8,527 shares during the period. Bank of Nova Scotia lifted its holdings in EOG Resources by 33.7% in the 4th quarter. Bank of Nova Scotia now owns 72,229 shares of the energy exploration company’s stock worth $8,736,000 after buying an additional 18,196 shares in the last quarter. Scotia Capital Inc. boosted its position in EOG Resources by 9.2% in the 4th quarter. Scotia Capital Inc. now owns 24,044 shares of the energy exploration company’s stock valued at $2,908,000 after buying an additional 2,016 shares during the last quarter. Finally, Lcnb Corp increased its position in shares of EOG Resources by 8.8% during the fourth quarter. Lcnb Corp now owns 2,262 shares of the energy exploration company’s stock worth $274,000 after acquiring an additional 183 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on EOG shares. Morgan Stanley raised their price objective on EOG Resources from $132.00 to $133.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Piper Sandler lifted their price target on shares of EOG Resources from $153.00 to $154.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 14th. Barclays started coverage on shares of EOG Resources in a report on Wednesday, April 10th. They set an “equal weight” rating and a $144.00 price objective for the company. KeyCorp upped their target price on shares of EOG Resources from $147.00 to $157.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. Finally, Mizuho lifted their price target on EOG Resources from $140.00 to $156.00 and gave the stock a “buy” rating in a research note on Monday, May 13th. Fifteen research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $142.09.

Read Our Latest Stock Report on EOG

Insiders Place Their Bets

In related news, CEO Ezra Y. Yacob sold 4,729 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $129.31, for a total transaction of $611,506.99. Following the completion of the sale, the chief executive officer now directly owns 150,474 shares of the company’s stock, valued at $19,457,792.94. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, COO Jeffrey R. Leitzell sold 7,802 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $130.07, for a total value of $1,014,806.14. Following the completion of the transaction, the chief operating officer now owns 39,054 shares in the company, valued at approximately $5,079,753.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ezra Y. Yacob sold 4,729 shares of the business’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $129.31, for a total value of $611,506.99. Following the sale, the chief executive officer now owns 150,474 shares in the company, valued at approximately $19,457,792.94. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,512 shares of company stock worth $2,144,972. 0.30% of the stock is owned by corporate insiders.

EOG Resources Price Performance

Shares of NYSE:EOG traded up $2.30 during trading on Friday, reaching $124.55. The company had a trading volume of 4,082,404 shares, compared to its average volume of 3,097,462. EOG Resources, Inc. has a twelve month low of $106.32 and a twelve month high of $139.67. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.05 and a current ratio of 2.32. The firm has a market capitalization of $71.58 billion, a PE ratio of 9.84 and a beta of 1.38. The firm’s fifty day moving average is $130.58 and its 200 day moving average is $122.50.

EOG Resources (NYSE:EOGGet Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.70 by $0.12. EOG Resources had a return on equity of 24.83% and a net margin of 30.33%. The firm had revenue of $6.12 billion during the quarter, compared to analyst estimates of $5.91 billion. During the same period last year, the company posted $2.69 EPS. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. On average, equities analysts forecast that EOG Resources, Inc. will post 12.14 EPS for the current year.

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend is Wednesday, July 17th. EOG Resources’s payout ratio is currently 28.75%.

EOG Resources Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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