Oak Family Advisors LLC Has $4.08 Million Stock Holdings in EOG Resources, Inc. $EOG

Oak Family Advisors LLC raised its stake in EOG Resources, Inc. (NYSE:EOG) by 18.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 36,420 shares of the energy exploration company’s stock after buying an additional 5,555 shares during the quarter. Oak Family Advisors LLC’s holdings in EOG Resources were worth $4,083,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in EOG. First Trust Advisors LP raised its holdings in EOG Resources by 64.1% during the second quarter. First Trust Advisors LP now owns 3,728,128 shares of the energy exploration company’s stock valued at $445,921,000 after buying an additional 1,456,928 shares in the last quarter. Prudential Financial Inc. raised its stake in shares of EOG Resources by 282.3% in the 2nd quarter. Prudential Financial Inc. now owns 1,546,058 shares of the energy exploration company’s stock valued at $184,924,000 after acquiring an additional 1,141,680 shares in the last quarter. Jupiter Asset Management Ltd. raised its stake in shares of EOG Resources by 122.6% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 907,231 shares of the energy exploration company’s stock valued at $108,514,000 after acquiring an additional 499,610 shares in the last quarter. Invesco Ltd. lifted its holdings in EOG Resources by 7.0% in the 2nd quarter. Invesco Ltd. now owns 4,494,503 shares of the energy exploration company’s stock worth $537,588,000 after purchasing an additional 294,641 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in EOG Resources during the second quarter worth approximately $33,874,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Stock Up 2.9%

Shares of NYSE EOG opened at $105.54 on Friday. The business has a fifty day moving average of $106.67 and a two-hundred day moving average of $113.35. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.62. EOG Resources, Inc. has a 52-week low of $101.59 and a 52-week high of $138.18. The stock has a market cap of $57.27 billion, a PE ratio of 10.51, a PEG ratio of 8.04 and a beta of 0.49.

EOG Resources (NYSE:EOG) last posted its earnings results on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.42 by $0.29. EOG Resources had a net margin of 24.49% and a return on equity of 19.80%. The company had revenue of $5.85 billion during the quarter, compared to analysts’ expectations of $5.48 billion. During the same quarter in the previous year, the company posted $2.89 earnings per share. EOG Resources’s quarterly revenue was down 2.0% compared to the same quarter last year. As a group, equities research analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 16th will be issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Friday, January 16th. EOG Resources’s payout ratio is 40.64%.

Insider Activity

In other news, COO Jeffrey R. Leitzell sold 2,000 shares of the company’s stock in a transaction that occurred 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 transaction, the chief operating officer owned 54,979 shares in the company, valued at $5,810,180.72. This represents a 3.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on EOG shares. JPMorgan Chase & Co. decreased their price objective on shares of EOG Resources from $131.00 to $121.00 and set a “neutral” rating for the company in a report on Monday, December 8th. Citigroup reiterated a “neutral” rating and issued a $115.00 price objective (down from $125.00) on shares of EOG Resources in a research note on Wednesday, December 17th. Siebert Williams Shank lowered their target price on EOG Resources from $155.00 to $145.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Royal Bank Of Canada lifted their price target on EOG Resources from $140.00 to $145.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 7th. Finally, Piper Sandler reduced their price objective on EOG Resources from $129.00 to $124.00 and set a “neutral” rating for the company in a research report on Tuesday, November 18th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seventeen have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $138.14.

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.