EOG Resources, Inc. (NYSE:EOG) Shares Acquired by NorthRock Partners LLC

NorthRock Partners LLC increased its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 91.5% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 6,637 shares of the energy exploration company’s stock after acquiring an additional 3,172 shares during the period. NorthRock Partners LLC’s holdings in EOG Resources were worth $814,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Essex Financial Services Inc. increased its stake in EOG Resources by 1.3% during the 4th quarter. Essex Financial Services Inc. now owns 6,145 shares of the energy exploration company’s stock worth $753,000 after buying an additional 79 shares during the period. Valmark Advisers Inc. grew its stake in shares of EOG Resources by 2.6% during the fourth quarter. Valmark Advisers Inc. now owns 3,140 shares of the energy exploration company’s stock valued at $385,000 after acquiring an additional 79 shares in the last quarter. Deseret Mutual Benefit Administrators increased its position in shares of EOG Resources by 8.8% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 989 shares of the energy exploration company’s stock worth $121,000 after acquiring an additional 80 shares during the last quarter. 1ST Source Bank increased its position in shares of EOG Resources by 1.5% during the fourth quarter. 1ST Source Bank now owns 5,349 shares of the energy exploration company’s stock worth $656,000 after acquiring an additional 80 shares during the last quarter. Finally, Penobscot Investment Management Company Inc. lifted its stake in shares of EOG Resources by 2.0% in the fourth quarter. Penobscot Investment Management Company Inc. now owns 4,065 shares of the energy exploration company’s stock worth $498,000 after acquiring an additional 80 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Insider Buying and Selling

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total value of $515,767.12. Following the completion of the sale, the chief operating officer now owns 47,732 shares of the company’s stock, valued at approximately $6,098,240.32. This represents a 7.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.13% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Mizuho cut their target price on EOG Resources from $140.00 to $134.00 and set a “neutral” rating on the stock in a research report on Tuesday. KeyCorp cut their price target on shares of EOG Resources from $150.00 to $140.00 and set an “overweight” rating on the stock in a report on Monday, April 21st. UBS Group decreased their price objective on shares of EOG Resources from $165.00 to $160.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. Piper Sandler dropped their target price on shares of EOG Resources from $135.00 to $133.00 and set a “neutral” rating for the company in a research report on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. cut their target price on shares of EOG Resources from $149.00 to $132.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th. Eleven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, EOG Resources presently has a consensus rating of “Moderate Buy” and an average target price of $140.63.

EOG Resources Trading Up 0.2%

NYSE EOG opened at $115.79 on Friday. EOG Resources, Inc. has a 12 month low of $102.52 and a 12 month high of $138.18. The stock has a 50-day simple moving average of $116.02 and a 200 day simple moving average of $124.31. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $63.20 billion, a PE ratio of 9.32, a P/E/G ratio of 3.58 and a beta of 0.78.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Thursday, May 1st. The energy exploration company reported $2.87 EPS for the quarter, beating analysts’ consensus estimates of $2.75 by $0.12. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The business had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.92 billion. During the same quarter in the prior year, the company earned $2.82 EPS. The firm’s quarterly revenue was down 7.4% on a year-over-year basis. Research analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 17th will be given a dividend of $0.975 per share. The ex-dividend date is Thursday, July 17th. This represents a $3.90 annualized dividend and a dividend yield of 3.37%. EOG Resources’s dividend payout ratio is currently 36.18%.

EOG Resources Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.