Purpose Unlimited Inc. Takes Position in EOG Resources, Inc. $EOG

Purpose Unlimited Inc. purchased a new position in EOG Resources, Inc. (NYSE:EOG) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 4,490 shares of the energy exploration company’s stock, valued at approximately $471,000.

A number of other institutional investors also recently added to or reduced their stakes in EOG. Acumen Wealth Advisors LLC bought a new position in EOG Resources in the fourth quarter worth about $25,000. Prosperity Bancshares Inc bought a new stake in shares of EOG Resources in the 4th quarter valued at about $26,000. Gen Wealth Partners Inc bought a new stake in shares of EOG Resources in the 4th quarter valued at about $30,000. Nemes Rush Group LLC purchased a new position in shares of EOG Resources in the 4th quarter worth approximately $30,000. Finally, Olistico Wealth LLC purchased a new position in shares of EOG Resources in the 4th quarter worth approximately $33,000. Institutional investors own 89.91% of the company’s stock.

EOG Resources Trading Up 0.1%

Shares of EOG Resources stock opened at $130.05 on Monday. The firm’s 50 day simple moving average is $135.96 and its two-hundred day simple moving average is $124.86. The firm has a market capitalization of $69.27 billion, a price-to-earnings ratio of 12.80 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 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 (NYSE:EOG) last posted 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 net margin of 23.01% and a return on equity of 19.25%. The business had revenue of $6.92 billion during the quarter, compared to the consensus estimate of $6.18 billion. During the same period in the previous year, the firm posted $2.87 earnings per share. The business’s revenue for the quarter was up 22.1% compared to the same quarter last year. Analysts predict that EOG Resources, Inc. will post 16.63 EPS for the current year.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors 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 dividend on an annualized basis and a yield of 3.1%. EOG Resources’s dividend payout ratio is currently 40.16%.

Wall Street Analyst Weigh In

A number of research firms recently commented on EOG. DA Davidson increased their target price on shares of EOG Resources from $148.00 to $153.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Wells Fargo & Company set a $196.00 price target on shares of EOG Resources and gave the stock an “overweight” rating in a report on Wednesday, May 13th. Barclays upped their price target on EOG Resources from $140.00 to $153.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 26th. Morgan Stanley increased their price objective on EOG Resources from $155.00 to $160.00 and gave the company an “equal weight” rating in a report on Thursday, May 21st. Finally, Capital One Financial lowered their price objective on EOG Resources from $161.00 to $159.00 and set an “overweight” rating for the company in a research report on Wednesday, June 3rd. One investment 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 stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $156.32.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 5,698 shares of the firm’s stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total transaction of $856,523.36. Following the completion of the transaction, the chief operating officer directly owned 88,045 shares of the company’s stock, valued at approximately $13,234,924.40. This trade represents a 6.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.14% of the company’s stock.

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.