Coerente Capital Management Purchases 4,561 Shares of EOG Resources, Inc. $EOG

Coerente Capital Management lifted its position in EOG Resources, Inc. (NYSE:EOG) by 3.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 148,737 shares of the energy exploration company’s stock after purchasing an additional 4,561 shares during the quarter. EOG Resources accounts for 4.0% of Coerente Capital Management’s portfolio, making the stock its 13th largest position. Coerente Capital Management’s holdings in EOG Resources were worth $21,503,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Acumen Wealth Advisors LLC bought a new stake in EOG Resources in the 4th quarter valued at $25,000. Prosperity Bancshares Inc bought a new position in shares of EOG Resources during the 4th quarter worth about $26,000. Nemes Rush Group LLC bought a new position in shares of EOG Resources during the 4th quarter worth about $30,000. Gen Wealth Partners Inc acquired a new stake in shares of EOG Resources during the 4th quarter valued at about $30,000. Finally, Olistico Wealth LLC acquired a new stake in shares of EOG Resources during the 4th quarter valued at about $33,000. 89.91% of the stock is owned by institutional investors.

EOG Resources Trading Up 1.7%

Shares of EOG stock opened at $135.05 on Wednesday. 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 company has a market capitalization of $71.93 billion, a P/E ratio of 13.29 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 firm has a 50-day moving average price of $135.85 and a 200 day moving average price of $125.19.

EOG Resources (NYSE:EOG) last posted 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 company had revenue of $6.92 billion during the quarter, compared to analyst estimates of $6.18 billion. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The company’s revenue was up 22.1% on a year-over-year basis. During the same quarter last year, the business posted $2.87 earnings per share. Research analysts forecast that EOG Resources, Inc. will post 16.64 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be given a $1.02 dividend. The ex-dividend date is Friday, July 17th. This represents a $4.08 annualized dividend and a yield of 3.0%. EOG Resources’s payout ratio is presently 40.16%.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 5,698 shares of the business’s stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total value of $856,523.36. Following the transaction, the chief operating officer 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Wells Fargo & Company set a $196.00 price target on shares of EOG Resources and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Wolfe Research lifted their price objective on EOG Resources from $152.00 to $154.00 and gave the company an “outperform” rating in a report on Monday, April 6th. Scotiabank upped their price objective on EOG Resources from $123.00 to $139.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 22nd. Williams Trading set a $177.00 target price on EOG Resources in a report on Monday, April 20th. Finally, DA Davidson raised their target price on EOG Resources from $148.00 to $153.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and sixteen have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $156.00.

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.