ACT Capital Management LLC Invests $1.05 Million in EOG Resources, Inc. $EOG

ACT Capital Management LLC acquired a new position in EOG Resources, Inc. (NYSE:EOG) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 10,000 shares of the energy exploration company’s stock, valued at approximately $1,050,000. EOG Resources comprises about 0.8% of ACT Capital Management LLC’s holdings, making the stock its 25th largest holding.

Other hedge funds and other institutional investors have also modified their holdings of the company. Acumen Wealth Advisors LLC acquired a new stake in EOG Resources during the fourth quarter worth $25,000. Prosperity Bancshares Inc acquired a new stake in EOG Resources during the fourth quarter worth $26,000. Nemes Rush Group LLC acquired a new stake in EOG Resources during the fourth quarter worth $30,000. Gen Wealth Partners Inc acquired a new stake in EOG Resources during the fourth quarter worth $30,000. Finally, Olistico Wealth LLC acquired a new stake in EOG Resources during the fourth quarter worth $33,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on EOG. Barclays boosted their target price on shares of EOG Resources from $140.00 to $153.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 26th. Weiss Ratings upgraded shares of EOG Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. Stephens reduced their target price on shares of EOG Resources from $170.00 to $167.00 in a research note on Wednesday, May 6th. The Goldman Sachs Group boosted their target price on shares of EOG Resources from $135.00 to $139.00 and gave the company a “neutral” rating in a research note on Tuesday, May 12th. Finally, Sanford C. Bernstein reduced their target price on shares of EOG Resources from $167.00 to $155.00 and set a “market perform” rating on the stock in a research note on Wednesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and sixteen have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $156.32.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 5,698 shares of the business’s stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total transaction of $856,523.36. Following the completion of the sale, the chief operating officer directly owned 88,045 shares of the company’s stock, valued at approximately $13,234,924.40. The trade was a 6.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.14% of the company’s stock.

EOG Resources Stock Performance

EOG Resources stock opened at $133.47 on Thursday. The stock has a market capitalization of $71.09 billion, a price-to-earnings ratio of 13.14 and a beta of 0.25. EOG Resources, Inc. has a 12-month low of $101.59 and a 12-month high of $151.87. The company has a quick ratio of 1.53, a current ratio of 1.72 and a debt-to-equity ratio of 0.26. The stock has a 50-day simple moving average of $136.42 and a 200 day simple moving average of $124.55.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share for the quarter, topping the consensus estimate of $3.23 by $0.18. The firm had revenue of $6.92 billion during the quarter, compared to analysts’ expectations of $6.18 billion. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The company’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same period in the previous year, the business posted $2.87 EPS. On average, research analysts anticipate that EOG Resources, Inc. will post 16.63 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Friday, July 17th. EOG Resources’s payout ratio is currently 40.16%.

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.