O Brien Greene & Co. Inc Raises Position in EOG Resources, Inc. $EOG

O Brien Greene & Co. Inc grew its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 8.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 81,494 shares of the energy exploration company’s stock after purchasing an additional 6,020 shares during the quarter. EOG Resources makes up about 2.5% of O Brien Greene & Co. Inc’s investment portfolio, making the stock its 16th biggest position. O Brien Greene & Co. Inc’s holdings in EOG Resources were worth $8,558,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. JCIC Asset Management Inc. purchased a new position in shares of EOG Resources during the 3rd quarter worth $32,000. Olistico Wealth LLC purchased a new position in shares of EOG Resources during the 4th quarter worth $33,000. Quent Capital LLC purchased a new position in shares of EOG Resources in the 3rd quarter worth $37,000. Physician Wealth Advisors Inc. raised its position in shares of EOG Resources by 103.0% in the 4th quarter. Physician Wealth Advisors Inc. now owns 335 shares of the energy exploration company’s stock worth $35,000 after buying an additional 170 shares during the period. Finally, CNB Bank raised its position in shares of EOG Resources by 361.0% in the 3rd quarter. CNB Bank now owns 355 shares of the energy exploration company’s stock worth $40,000 after buying an additional 278 shares during the period. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

EOG has been the topic of several research reports. Roth Mkm reaffirmed a “neutral” rating and issued a $136.00 target price on shares of EOG Resources in a research report on Wednesday, May 6th. Wells Fargo & Company set a $196.00 target price on EOG Resources and gave the stock an “overweight” rating in a research report on Wednesday. Sanford C. Bernstein set a $155.00 target price on EOG Resources and gave the stock a “market perform” rating in a research report on Monday, May 11th. JPMorgan Chase & Co. increased their target price on EOG Resources from $145.00 to $148.00 in a research report on Thursday, May 7th. Finally, Capital One Financial increased their target price on EOG Resources from $130.00 to $161.00 and gave the stock an “overweight” rating in a research report on Thursday, March 26th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and sixteen have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $154.21.

Insider Activity

In other news, COO Jeffrey R. Leitzell sold 5,698 shares of the firm’s stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total transaction of $856,523.36. Following the completion of the sale, the chief operating officer directly 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Ann D. Janssen sold 4,161 shares of the firm’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $140.04, for a total value of $582,706.44. Following the sale, the chief financial officer owned 100,246 shares of the company’s stock, valued at $14,038,449.84. This represents a 3.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 18,230 shares of company stock valued at $2,522,568 over the last 90 days. Insiders own 0.14% of the company’s stock.

EOG Resources Trading Up 3.2%

NYSE:EOG opened at $140.29 on Friday. The business’s 50-day moving average is $136.79 and its two-hundred day moving average is $119.41. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.72 and a quick ratio of 1.53. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $151.87. The firm has a market capitalization of $74.72 billion, a PE ratio of 13.81, a price-to-earnings-growth ratio of 1.74 and a beta of 0.27.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Tuesday, May 5th. The energy exploration company reported $3.41 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $6.18 billion. During the same period last year, the company posted $2.87 earnings per share. The firm’s revenue was up 22.1% compared to the same quarter last year. Research analysts predict that EOG Resources, Inc. will post 14.83 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be paid a dividend of $1.02 per share. The ex-dividend date is Friday, July 17th. This represents a $4.08 annualized dividend and a dividend yield of 2.9%. EOG Resources’s dividend payout ratio (DPR) is currently 40.16%.

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.