Team Hewins LLC Buys New Stake in EOG Resources, Inc. (NYSE:EOG)

Team Hewins LLC bought a new stake in EOG Resources, Inc. (NYSE:EOGFree Report) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 1,903 shares of the energy exploration company’s stock, valued at approximately $230,000.

Other large investors have also recently made changes to their positions in the company. Qube Research & Technologies Ltd increased its holdings in EOG Resources by 863.4% in the 3rd quarter. Qube Research & Technologies Ltd now owns 1,100,068 shares of the energy exploration company’s stock worth $139,445,000 after acquiring an additional 985,884 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in EOG Resources by 8.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 11,532,527 shares of the energy exploration company’s stock worth $1,462,966,000 after acquiring an additional 892,951 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC purchased a new stake in EOG Resources in the 3rd quarter worth $71,596,000. Invesco Ltd. increased its holdings in EOG Resources by 15.2% in the 3rd quarter. Invesco Ltd. now owns 3,495,485 shares of the energy exploration company’s stock worth $443,088,000 after acquiring an additional 460,872 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in EOG Resources by 38.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,474,807 shares of the energy exploration company’s stock worth $186,946,000 after acquiring an additional 408,833 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Citigroup boosted their price target on shares of EOG Resources from $124.00 to $130.00 and gave the stock a “neutral” rating in a report on Friday. Piper Sandler boosted their price target on shares of EOG Resources from $153.00 to $154.00 and gave the stock an “overweight” rating in a report on Tuesday, May 14th. TD Securities cut their price target on shares of EOG Resources from $135.00 to $130.00 and set a “hold” rating for the company in a report on Friday, February 23rd. Mizuho upped their target price on shares of EOG Resources from $140.00 to $156.00 and gave the stock a “buy” rating in a report on Monday, May 13th. Finally, Susquehanna upped their target price on shares of EOG Resources from $147.00 to $155.00 and gave the stock a “positive” rating in a report on Monday, April 22nd. Fifteen equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $142.09.

Get Our Latest Analysis on EOG Resources

Insider Buying and Selling at EOG Resources

In other news, EVP Michael P. Donaldson sold 2,685 shares of the stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $130.29, for a total transaction of $349,828.65. Following the sale, the executive vice president now owns 109,040 shares of the company’s stock, valued at $14,206,821.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, President Lloyd W. Helms, Jr. sold 1,296 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $130.27, for a total transaction of $168,829.92. Following the sale, the president now owns 161,109 shares of the company’s stock, valued at $20,987,669.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael P. Donaldson sold 2,685 shares of the stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $130.29, for a total transaction of $349,828.65. Following the sale, the executive vice president now directly owns 109,040 shares in the company, valued at approximately $14,206,821.60. The disclosure for this sale can be found here. Insiders have sold 16,512 shares of company stock valued at $2,144,972 over the last 90 days. 0.30% of the stock is owned by insiders.

EOG Resources Trading Down 0.6 %

NYSE EOG traded down $0.76 during trading hours on Friday, reaching $123.27. The company had a trading volume of 3,730,896 shares, compared to its average volume of 3,085,245. The stock has a 50-day moving average of $130.72 and a 200 day moving average of $122.47. EOG Resources, Inc. has a 1-year low of $106.32 and a 1-year high of $139.67. The company has a current ratio of 2.32, a quick ratio of 2.05 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $70.84 billion, a P/E ratio of 9.74 and a beta of 1.38.

EOG Resources (NYSE:EOGGet Free Report) last posted its earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 EPS for the quarter, beating analysts’ consensus estimates of $2.70 by $0.12. EOG Resources had a net margin of 30.33% and a return on equity of 24.83%. The company had revenue of $6.12 billion for the quarter, compared to analysts’ expectations of $5.91 billion. During the same quarter in the prior year, the company posted $2.69 earnings per share. EOG Resources’s revenue for the quarter was up 1.3% compared to the same quarter last year. As a group, research analysts anticipate that EOG Resources, Inc. will post 12.19 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be given a $0.91 dividend. The ex-dividend date is Wednesday, July 17th. This represents a $3.64 dividend on an annualized basis and a yield of 2.95%. EOG Resources’s payout ratio is currently 28.75%.

About EOG Resources

(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.

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

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