11,317 Shares in EOG Resources, Inc. $EOG Acquired by Arwa LLC

Arwa LLC bought a new stake in EOG Resources, Inc. (NYSE:EOG) in the fourth quarter, Holdings Channel reports. The fund bought 11,317 shares of the energy exploration company’s stock, valued at approximately $1,188,000.

Other large investors have also bought and sold shares of the company. Acumen Wealth Advisors LLC acquired a new position in shares of EOG Resources in the 4th quarter worth $25,000. Prosperity Bancshares Inc purchased a new stake in shares of EOG Resources in the 4th quarter valued at approximately $26,000. Gen Wealth Partners Inc acquired a new position in EOG Resources in the 4th quarter worth approximately $30,000. Nemes Rush Group LLC acquired a new stake in EOG Resources during the 4th quarter worth about $30,000. Finally, Olistico Wealth LLC acquired a new stake in shares of EOG Resources during the fourth quarter worth approximately $33,000. Institutional investors own 89.91% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on EOG shares. Jefferies Financial Group upped their price objective on shares of EOG Resources from $146.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, April 13th. Truist Financial increased their price objective on EOG Resources from $146.00 to $149.00 and gave the stock a “hold” rating in a report on Friday, May 8th. BMO Capital Markets lifted their price objective on EOG Resources from $140.00 to $160.00 and gave the company an “outperform” rating in a research report on Wednesday, April 1st. Williams Trading set a $177.00 target price on EOG Resources in a research note on Monday, April 20th. Finally, Wells Fargo & Company set a $196.00 target price on EOG Resources and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and sixteen have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $156.32.

Insider Activity

In related news, COO Jeffrey R. Leitzell sold 5,698 shares of the firm’s stock in a transaction dated 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 in the company, valued at $13,234,924.40. This trade represents a 6.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.14% of the stock is owned by company insiders.

EOG Resources Stock Performance

EOG opened at $130.05 on Friday. The stock’s 50 day simple moving average is $135.96 and its 200-day simple moving average is $124.75. The company has a current ratio of 1.72, a quick ratio of 1.53 and a debt-to-equity ratio of 0.26. The stock has a market cap of $69.27 billion, a PE ratio of 12.80 and a beta of 0.25. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year high of $151.87.

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

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Friday, July 17th. EOG Resources’s dividend payout ratio is presently 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.