Winnow Wealth LLC Takes $965,000 Position in EOG Resources, Inc. $EOG

Winnow Wealth LLC bought a new position in shares of EOG Resources, Inc. (NYSE:EOG) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 8,537 shares of the energy exploration company’s stock, valued at approximately $965,000.

A number of other large investors have also added to or reduced their stakes in EOG. Ameriflex Group Inc. increased its holdings in shares of EOG Resources by 31.6% in the second quarter. Ameriflex Group Inc. now owns 379 shares of the energy exploration company’s stock valued at $46,000 after purchasing an additional 91 shares during the last quarter. Hemington Wealth Management grew its stake in EOG Resources by 7.2% in the 3rd quarter. Hemington Wealth Management now owns 1,383 shares of the energy exploration company’s stock valued at $155,000 after buying an additional 93 shares during the last quarter. apricus wealth LLC raised its holdings in EOG Resources by 5.0% in the 3rd quarter. apricus wealth LLC now owns 2,002 shares of the energy exploration company’s stock valued at $224,000 after acquiring an additional 95 shares during the period. Sowell Financial Services LLC lifted its position in EOG Resources by 1.6% during the third quarter. Sowell Financial Services LLC now owns 6,234 shares of the energy exploration company’s stock worth $699,000 after acquiring an additional 96 shares during the last quarter. Finally, Richardson Financial Services Inc. boosted its holdings in shares of EOG Resources by 2.0% during the second quarter. Richardson Financial Services Inc. now owns 5,032 shares of the energy exploration company’s stock worth $610,000 after acquiring an additional 98 shares during the period. Institutional investors own 89.91% of the company’s stock.

Insider Activity

In other news, COO Jeffrey R. Leitzell sold 2,000 shares of the business’s stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $105.68, for a total transaction of $211,360.00. Following the completion of the transaction, the chief operating officer owned 54,979 shares of the company’s stock, valued at approximately $5,810,180.72. The trade was a 3.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.13% of the company’s stock.

EOG Resources Price Performance

EOG stock opened at $112.13 on Friday. The company’s 50-day moving average price is $106.92 and its two-hundred day moving average price is $111.80. The firm has a market cap of $60.84 billion, a P/E ratio of 11.17, a P/E/G ratio of 9.68 and a beta of 0.49. The company has a quick ratio of 1.43, a current ratio of 1.62 and a debt-to-equity ratio of 0.25. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $135.87.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.29. The business had revenue of $5.85 billion for the quarter, compared to analyst estimates of $5.48 billion. EOG Resources had a net margin of 24.49% and a return on equity of 19.80%. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter last year, the business posted $2.89 EPS. On average, analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Friday, January 16th were issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Friday, January 16th. EOG Resources’s dividend payout ratio (DPR) is currently 40.64%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Raymond James Financial reiterated a “strong-buy” rating and set a $153.00 target price on shares of EOG Resources in a research note on Wednesday, December 3rd. The Goldman Sachs Group lowered their price objective on EOG Resources from $125.00 to $123.00 and set a “neutral” rating on the stock in a research report on Thursday, January 22nd. Siebert Williams Shank dropped their target price on EOG Resources from $155.00 to $145.00 and set a “buy” rating for the company in a report on Monday, October 13th. Evercore ISI upped their price target on shares of EOG Resources from $141.00 to $149.00 and gave the company an “outperform” rating in a research note on Monday, October 6th. Finally, Jefferies Financial Group set a $140.00 price target on shares of EOG Resources in a research report on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $134.07.

EOG Resources Profile

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.