Friedenthal Financial Acquires New Shares in EOG Resources, Inc. $EOG

Friedenthal Financial acquired a new position in EOG Resources, Inc. (NYSE:EOG) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 6,443 shares of the energy exploration company’s stock, valued at approximately $931,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Legal & General Group Plc raised its holdings in shares of EOG Resources by 2.1% in the 3rd quarter. Legal & General Group Plc now owns 3,394,236 shares of the energy exploration company’s stock valued at $380,562,000 after buying an additional 68,888 shares during the period. Concurrent Investment Advisors LLC boosted its holdings in EOG Resources by 66.4% during the 4th quarter. Concurrent Investment Advisors LLC now owns 19,745 shares of the energy exploration company’s stock valued at $2,073,000 after acquiring an additional 7,877 shares during the period. L2 Asset Management LLC boosted its holdings in EOG Resources by 69.6% during the 3rd quarter. L2 Asset Management LLC now owns 19,355 shares of the energy exploration company’s stock valued at $2,170,000 after acquiring an additional 7,940 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in EOG Resources by 2.2% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,150,840 shares of the energy exploration company’s stock valued at $123,451,000 after acquiring an additional 24,984 shares in the last quarter. Finally, Ilmarinen Mutual Pension Insurance Co grew its position in EOG Resources by 39.2% in the 4th quarter. Ilmarinen Mutual Pension Insurance Co now owns 87,000 shares of the energy exploration company’s stock valued at $9,136,000 after acquiring an additional 24,500 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Insider Activity

In other news, COO Jeffrey R. Leitzell sold 5,698 shares of EOG Resources stock in a transaction on 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 transaction, the chief operating officer owned 88,045 shares of the company’s stock, valued at $13,234,924.40. The trade was a 6.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.14% of the stock is owned by company insiders.

EOG Resources Stock Performance

NYSE:EOG opened at $134.49 on Thursday. EOG Resources, Inc. has a fifty-two week low of $101.59 and a fifty-two week high of $151.87. The company has a quick ratio of 1.53, a current ratio of 1.72 and a debt-to-equity ratio of 0.26. The stock has a market cap of $71.63 billion, a PE ratio of 13.24 and a beta of 0.25. The firm’s fifty day simple moving average is $135.81 and its 200-day simple moving average is $125.35.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.23 by $0.18. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The company had revenue of $6.92 billion during the quarter, compared to the consensus estimate of $6.18 billion. During the same period last year, the firm earned $2.87 EPS. The company’s revenue for the quarter was up 22.1% on a year-over-year basis. Analysts expect that EOG Resources, Inc. will post 16.64 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be given a $1.02 dividend. The ex-dividend date is Friday, July 17th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.0%. EOG Resources’s dividend payout ratio (DPR) is currently 40.16%.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Mizuho set a $157.00 price objective on shares of EOG Resources and gave the company a “neutral” rating in a research note on Wednesday, May 27th. Royal Bank Of Canada boosted their target price on EOG Resources from $138.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 8th. Roth Mkm restated a “neutral” rating and issued a $136.00 price objective on shares of EOG Resources in a research note on Wednesday, May 6th. Stephens decreased their price objective on EOG Resources from $170.00 to $167.00 in a report on Wednesday, May 6th. Finally, Piper Sandler raised their price target on EOG Resources from $144.00 to $147.00 and gave the stock a “neutral” rating in a report on Wednesday, April 1st. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and sixteen have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $156.00.

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.