EOG Resources, Inc. $EOG Shares Purchased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. grew its stake in shares of EOG Resources, Inc. (NYSE:EOGFree Report) by 15.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 99,743 shares of the energy exploration company’s stock after acquiring an additional 13,414 shares during the quarter. Daiwa Securities Group Inc.’s holdings in EOG Resources were worth $10,474,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Olistico Wealth LLC acquired a new position in shares of EOG Resources during the fourth quarter valued at about $33,000. Physician Wealth Advisors Inc. increased its holdings in shares of EOG Resources by 103.0% during the fourth quarter. Physician Wealth Advisors Inc. now owns 335 shares of the energy exploration company’s stock valued at $35,000 after acquiring an additional 170 shares in the last quarter. Laurel Wealth Advisors LLC acquired a new position in shares of EOG Resources during the fourth quarter valued at about $38,000. City Holding Co. increased its holdings in shares of EOG Resources by 469.2% during the fourth quarter. City Holding Co. now owns 370 shares of the energy exploration company’s stock valued at $39,000 after acquiring an additional 305 shares in the last quarter. Finally, Osterweis Capital Management Inc. increased its holdings in shares of EOG Resources by 3,790.0% during the second quarter. Osterweis Capital Management Inc. now owns 389 shares of the energy exploration company’s stock valued at $47,000 after acquiring an additional 379 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Trading Down 2.2%

EOG Resources stock opened at $137.72 on Friday. The company has a current ratio of 1.72, a quick ratio of 1.53 and a debt-to-equity ratio of 0.26. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $151.87. The stock’s 50 day simple moving average is $137.86 and its two-hundred day simple moving average is $122.81. The firm has a market cap of $73.35 billion, a PE ratio of 13.55 and a beta of 0.25.

EOG Resources (NYSE:EOGGet Free Report) last released its quarterly earnings data on Tuesday, May 5th. The energy exploration company reported $3.41 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 business had revenue of $6.92 billion for the quarter, compared to analyst estimates of $6.18 billion. During the same quarter in the prior year, the firm posted $2.87 EPS. The business’s quarterly revenue was up 22.1% compared to the same quarter last year. Analysts anticipate that EOG Resources, Inc. will post 16.63 earnings per share for the current year.

EOG Resources Dividend Announcement

The business 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. This represents a $4.08 annualized dividend and a yield of 3.0%. The ex-dividend date is Friday, July 17th. EOG Resources’s dividend payout ratio is currently 40.16%.

Insider Activity at EOG Resources

In other EOG Resources news, CFO Ann D. Janssen sold 4,161 shares of the company’s stock in a transaction that occurred on 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 owned 100,246 shares in the company, valued at approximately $14,038,449.84. This represents a 3.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Jeffrey R. Leitzell sold 5,698 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief operating officer owned 88,045 shares in the company, valued at approximately $13,234,924.40. This represents a 6.08% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 12,456 shares of company stock worth $1,788,033. Insiders own 0.14% of the company’s stock.

Key EOG Resources News

Here are the key news stories impacting EOG Resources this week:

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Wolfe Research upped their price objective on shares of EOG Resources from $152.00 to $154.00 and gave the company an “outperform” rating in a report on Monday, April 6th. Morgan Stanley upped their price objective on shares of EOG Resources from $155.00 to $160.00 and gave the company an “equal weight” rating in a report on Thursday, May 21st. Piper Sandler upped their target price on EOG Resources from $144.00 to $147.00 and gave the company a “neutral” rating in a research report on Wednesday, April 1st. Citigroup reiterated a “neutral” rating and issued a $147.00 target price (up from $142.00) on shares of EOG Resources in a research report on Wednesday, May 20th. Finally, Susquehanna upped their target price on EOG Resources from $144.00 to $162.00 and gave the company a “positive” rating in a research report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and sixteen have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $156.32.

View Our Latest Stock Analysis on EOG Resources

EOG Resources Company Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding EOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EOG Resources, Inc. (NYSE:EOGFree Report).

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

Receive News & Ratings for EOG Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EOG Resources and related companies with MarketBeat.com's FREE daily email newsletter.