Strategic Planning Group LLC Grows Holdings in EOG Resources, Inc. $EOG

Strategic Planning Group LLC raised its position in EOG Resources, Inc. (NYSE:EOG) by 49.6% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 55,994 shares of the energy exploration company’s stock after purchasing an additional 18,572 shares during the period. Strategic Planning Group LLC’s holdings in EOG Resources were worth $6,278,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of EOG. Integrated Wealth Concepts LLC grew its position in shares of EOG Resources by 15.3% during the first quarter. Integrated Wealth Concepts LLC now owns 6,438 shares of the energy exploration company’s stock worth $826,000 after buying an additional 853 shares in the last quarter. NewEdge Advisors LLC raised its stake in shares of EOG Resources by 16.3% in the 1st quarter. NewEdge Advisors LLC now owns 22,336 shares of the energy exploration company’s stock valued at $2,864,000 after purchasing an additional 3,132 shares in the last quarter. Caxton Associates LLP bought a new position in shares of EOG Resources during the first quarter worth about $1,636,000. Woodline Partners LP acquired a new position in EOG Resources in the first quarter worth about $15,722,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in EOG Resources by 2.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,926,271 shares of the energy exploration company’s stock valued at $375,265,000 after buying an additional 77,637 shares during the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 2,000 shares of the stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $105.68, for a total value of $211,360.00. Following the completion of the sale, the chief operating officer directly owned 54,979 shares of the company’s stock, valued at $5,810,180.72. This represents a 3.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

EOG has been the subject of several research reports. Citigroup reiterated a “neutral” rating and issued a $115.00 target price (down previously from $125.00) on shares of EOG Resources in a research report on Wednesday, December 17th. Morgan Stanley boosted their price objective on shares of EOG Resources from $136.00 to $138.00 and gave the company an “equal weight” rating in a research report on Thursday, November 20th. Royal Bank Of Canada raised their target price on EOG Resources from $140.00 to $145.00 and gave the company an “outperform” rating in a research note on Tuesday, October 7th. Siebert Williams Shank reduced their price objective on EOG Resources from $155.00 to $145.00 and set a “buy” rating for the company in a research report on Monday, October 13th. Finally, Scotiabank reiterated a “sector perform” rating and issued a $130.00 target price on shares of EOG Resources in a research report on Friday, September 26th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seventeen have assigned a Hold rating to the company’s stock. According to MarketBeat.com, EOG Resources has a consensus rating of “Hold” and an average price target of $138.14.

EOG Resources Stock Performance

Shares of EOG stock opened at $102.56 on Thursday. The firm has a market cap of $55.65 billion, a P/E ratio of 10.21, a PEG ratio of 8.23 and a beta of 0.49. The stock’s 50-day moving average is $106.66 and its two-hundred day moving average is $113.40. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.62 and a quick ratio of 1.43. EOG Resources, Inc. has a fifty-two week low of $101.59 and a fifty-two week high of $138.18.

EOG Resources (NYSE:EOG) last posted its earnings results on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share for the quarter, beating the consensus estimate of $2.42 by $0.29. EOG Resources had a return on equity of 19.80% and a net margin of 24.49%.The company had revenue of $5.85 billion for the quarter, compared to analyst estimates of $5.48 billion. During the same period last year, the company earned $2.89 earnings per share. The business’s revenue was down 2.0% compared to the same quarter last year. Analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 16th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 4.0%. The ex-dividend date is Friday, January 16th. EOG Resources’s dividend payout ratio is presently 40.64%.

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.