Diversified Trust Co Increases Position in EOG Resources, Inc. $EOG

Diversified Trust Co increased its holdings in EOG Resources, Inc. (NYSE:EOG) by 225.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,837 shares of the energy exploration company’s stock after acquiring an additional 10,285 shares during the period. Diversified Trust Co’s holdings in EOG Resources were worth $2,145,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Acumen Wealth Advisors LLC bought a new stake in EOG Resources during the fourth quarter worth $25,000. Prosperity Bancshares Inc bought a new position in EOG Resources in the 4th quarter valued at $26,000. Nemes Rush Group LLC bought a new position in EOG Resources in the 4th quarter valued at $30,000. Gen Wealth Partners Inc 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.

Analysts Set New Price Targets

A number of research firms have recently commented on EOG. Wall Street Zen upgraded EOG Resources from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Piper Sandler raised their price objective on shares of EOG Resources from $144.00 to $147.00 and gave the stock a “neutral” rating in a report on Wednesday, April 1st. BMO Capital Markets lifted their price objective on shares of EOG Resources from $140.00 to $160.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 1st. Roth Mkm reaffirmed a “neutral” rating and issued a $136.00 price objective on shares of EOG Resources in a research report on Wednesday, May 6th. Finally, UBS Group boosted their target price on shares of EOG Resources from $141.00 to $149.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and sixteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $156.32.

EOG Resources Stock Performance

Shares of EOG opened at $130.05 on Monday. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year high of $151.87. 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 two-hundred day moving average price is $124.86. The firm has a market cap of $69.27 billion, a PE ratio of 12.80 and a beta of 0.25.

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 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 company had revenue of $6.92 billion during the quarter, compared to the consensus estimate of $6.18 billion. During the same quarter in the prior year, the company earned $2.87 EPS. The firm’s quarterly revenue was up 22.1% compared to the same quarter last year. On average, equities research analysts forecast that EOG Resources, Inc. will post 16.63 EPS for the current year.

EOG Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be issued 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 3.1%. EOG Resources’s dividend payout ratio is 40.16%.

Insider Buying and Selling

In other EOG Resources news, COO Jeffrey R. Leitzell sold 5,698 shares of the stock in a transaction dated 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 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 Securities & Exchange Commission, which is available through this link. 0.14% of the stock is currently owned by company insiders.

EOG Resources Company Profile

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.