EOG Resources, Inc. (NYSE:EOG) Shares Purchased by Salomon & Ludwin LLC

Salomon & Ludwin LLC lifted its stake in EOG Resources, Inc. (NYSE:EOGFree Report) by 175.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 377 shares of the energy exploration company’s stock after acquiring an additional 240 shares during the quarter. Salomon & Ludwin LLC’s holdings in EOG Resources were worth $48,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Capital World Investors lifted its holdings in EOG Resources by 59.2% during the 4th quarter. Capital World Investors now owns 25,420,916 shares of the energy exploration company’s stock worth $3,074,660,000 after buying an additional 9,455,621 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in EOG Resources by 26.3% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,948,119 shares of the energy exploration company’s stock worth $598,475,000 after buying an additional 1,029,727 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in EOG Resources by 4.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,163,856 shares of the energy exploration company’s stock worth $503,641,000 after buying an additional 176,854 shares in the last quarter. Franklin Resources Inc. lifted its holdings in EOG Resources by 0.3% during the 4th quarter. Franklin Resources Inc. now owns 3,265,952 shares of the energy exploration company’s stock worth $395,017,000 after buying an additional 10,506 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in EOG Resources by 8.0% during the 3rd quarter. American Century Companies Inc. now owns 3,233,333 shares of the energy exploration company’s stock worth $409,857,000 after buying an additional 239,910 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on EOG shares. TD Cowen increased their target price on shares of EOG Resources from $130.00 to $144.00 and gave the stock a “hold” rating in a report on Tuesday, April 30th. Scotiabank downgraded shares of EOG Resources from a “sector outperform” rating to a “sector perform” rating and increased their price objective for the company from $135.00 to $155.00 in a research report on Thursday, April 11th. Stifel Nicolaus dropped their price objective on shares of EOG Resources from $153.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, April 23rd. Mizuho increased their price objective on shares of EOG Resources from $140.00 to $156.00 and gave the company a “buy” rating in a research report on Monday, May 13th. Finally, Bank of America reissued a “buy” rating and issued a $151.00 price objective on shares of EOG Resources in a research report on Friday, June 14th. Thirteen analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, EOG Resources presently has an average rating of “Hold” and a consensus target price of $143.19.

Read Our Latest Analysis on EOG Resources

EOG Resources Stock Up 0.1 %

Shares of NYSE:EOG opened at $125.71 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.32 and a quick ratio of 2.05. The firm has a fifty day moving average price of $125.06 and a 200 day moving average price of $122.68. EOG Resources, Inc. has a 1-year low of $108.94 and a 1-year high of $139.67. The stock has a market cap of $72.25 billion, a P/E ratio of 9.93, a P/E/G ratio of 1.74 and a beta of 1.30.

EOG Resources (NYSE:EOGGet Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.70 by $0.12. The business had revenue of $6.12 billion during the quarter, compared to the consensus estimate of $5.91 billion. EOG Resources had a net margin of 30.33% and a return on equity of 24.83%. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.69 earnings per share. Sell-side analysts predict that EOG Resources, Inc. will post 12.05 EPS for the current year.

EOG Resources Announces Dividend

The business 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 $0.91 dividend. The ex-dividend date of this dividend is Wednesday, July 17th. This represents a $3.64 dividend on an annualized basis and a yield of 2.90%. EOG Resources’s payout ratio is 28.75%.

Insider Activity at EOG Resources

In related news, CEO Ezra Y. Yacob sold 4,729 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $129.31, for a total value of $611,506.99. Following the completion of the sale, the chief executive officer now directly owns 150,474 shares in the company, valued at $19,457,792.94. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other EOG Resources news, EVP Michael P. Donaldson sold 2,685 shares of EOG Resources stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $130.29, for a total transaction of $349,828.65. Following the transaction, the executive vice president now directly owns 109,040 shares of the company’s stock, valued at $14,206,821.60. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Ezra Y. Yacob sold 4,729 shares of EOG Resources 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 transaction, the chief executive officer now directly owns 150,474 shares in the company, valued at $19,457,792.94. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,512 shares of company stock worth $2,144,972. 0.20% of the stock is owned by company insiders.

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.

See Also

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

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