AXQ Capital LP Boosts Stock Holdings in EOG Resources, Inc. $EOG

AXQ Capital LP boosted its position in EOG Resources, Inc. (NYSE:EOG) by 45.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 20,688 shares of the energy exploration company’s stock after purchasing an additional 6,418 shares during the period. EOG Resources comprises about 0.5% of AXQ Capital LP’s portfolio, making the stock its 21st biggest holding. AXQ Capital LP’s holdings in EOG Resources were worth $2,172,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Bollard Group LLC lifted its stake in EOG Resources by 0.8% in the third quarter. Bollard Group LLC now owns 11,747 shares of the energy exploration company’s stock valued at $1,317,000 after purchasing an additional 93 shares during the last quarter. Hardy Reed LLC lifted its stake in EOG Resources by 4.5% in the third quarter. Hardy Reed LLC now owns 2,267 shares of the energy exploration company’s stock valued at $254,000 after purchasing an additional 97 shares during the last quarter. RKL Wealth Management LLC lifted its stake in EOG Resources by 0.5% in the third quarter. RKL Wealth Management LLC now owns 21,235 shares of the energy exploration company’s stock valued at $2,381,000 after purchasing an additional 98 shares during the last quarter. CoreFirst Bank & Trust lifted its stake in EOG Resources by 18.5% in the third quarter. CoreFirst Bank & Trust now owns 640 shares of the energy exploration company’s stock valued at $72,000 after purchasing an additional 100 shares during the last quarter. Finally, Ethos Financial Group LLC lifted its stake in EOG Resources by 2.5% in the fourth quarter. Ethos Financial Group LLC now owns 4,180 shares of the energy exploration company’s stock valued at $439,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Insider Activity

In other EOG Resources news, COO Jeffrey R. Leitzell sold 5,698 shares of EOG Resources 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 owned 88,045 shares of the company’s stock, valued at $13,234,924.40. The trade was a 6.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Ann D. Janssen sold 4,161 shares of EOG Resources stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $140.04, for a total value of $582,706.44. Following the sale, the chief financial officer directly owned 100,246 shares of the company’s stock, valued at approximately $14,038,449.84. This trade represents a 3.99% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 12,456 shares of company stock valued at $1,788,033. Corporate insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on EOG. Truist Financial upped their price objective on EOG Resources from $146.00 to $149.00 and gave the company a “hold” rating in a research note on Friday, May 8th. Morgan Stanley upped their price objective on EOG Resources from $155.00 to $160.00 and gave the company an “equal weight” rating in a research note on Thursday, May 21st. Wolfe Research increased their target price on EOG Resources from $152.00 to $154.00 and gave the stock an “outperform” rating in a research report on Monday, April 6th. Stephens dropped their target price on EOG Resources from $170.00 to $167.00 in a research report on Wednesday, May 6th. Finally, Capital One Financial increased their target price on EOG Resources from $130.00 to $161.00 and gave the stock an “overweight” rating in a research report on Thursday, March 26th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and sixteen have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $156.39.

EOG Resources Trading Up 2.3%

Shares of EOG stock opened at $136.40 on Tuesday. 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 business has a 50-day moving average price of $137.96 and a two-hundred day moving average price of $122.05. EOG Resources, Inc. has a 12-month low of $101.59 and a 12-month high of $151.87. The firm has a market cap of $72.65 billion, a P/E ratio of 13.43 and a beta of 0.27.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.23 by $0.18. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The firm had revenue of $6.92 billion during the quarter, compared to analyst estimates of $6.18 billion. During the same quarter in the previous year, the company posted $2.87 earnings per share. The company’s revenue was up 22.1% compared to the same quarter last year. Equities analysts anticipate that EOG Resources, Inc. will post 15.67 EPS for the current fiscal year.

EOG Resources Announces Dividend

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