Brady Martz Wealth Solutions LLC Lowers Stock Position in EOG Resources, Inc. $EOG

Brady Martz Wealth Solutions LLC cut its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 54.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,815 shares of the energy exploration company’s stock after selling 4,636 shares during the period. Brady Martz Wealth Solutions LLC’s holdings in EOG Resources were worth $552,000 as of its most recent SEC filing.

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

Insider Activity

In other 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 completion of the transaction, the chief operating officer directly 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.14% of the stock is currently owned by insiders.

EOG Resources Price Performance

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

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

EOG Resources Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on EOG. Weiss Ratings upgraded EOG Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. UBS Group upped their target price on EOG Resources from $141.00 to $149.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Scotiabank increased their price target 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. The Goldman Sachs Group raised their price target on EOG Resources from $135.00 to $139.00 and gave the stock a “neutral” rating in a report on Tuesday, May 12th. Finally, Royal Bank Of Canada boosted their price target on EOG Resources from $138.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 8th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and sixteen have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $156.32.

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.