Fortem Financial Group LLC Purchases 6,529 Shares of EOG Resources, Inc. $EOG

Fortem Financial Group LLC boosted its holdings in EOG Resources, Inc. (NYSE:EOG) by 40.5% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 22,644 shares of the energy exploration company’s stock after buying an additional 6,529 shares during the period. Fortem Financial Group LLC’s holdings in EOG Resources were worth $3,274,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of EOG. Founders Financial Securities LLC grew its position in shares of EOG Resources by 16.4% during the first quarter. Founders Financial Securities LLC now owns 10,436 shares of the energy exploration company’s stock worth $1,425,000 after purchasing an additional 1,474 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in EOG Resources by 10.1% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 80,325 shares of the energy exploration company’s stock worth $11,613,000 after purchasing an additional 7,336 shares in the last quarter. Diversified Trust Co boosted its stake in EOG Resources by 225.9% in the 1st quarter. Diversified Trust Co now owns 14,837 shares of the energy exploration company’s stock worth $2,145,000 after purchasing an additional 10,285 shares during the period. Paladin Wealth LLC bought a new position in EOG Resources in the 1st quarter worth approximately $219,000. Finally, Baron Wealth Management LLC purchased a new stake in EOG Resources during the 1st quarter valued at approximately $246,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Up 0.1%

Shares of EOG opened at $130.05 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.72 and a quick ratio of 1.53. The stock has a market capitalization of $69.27 billion, a price-to-earnings ratio of 12.80 and a beta of 0.25. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year high of $151.87. The business’s 50 day simple moving average is $135.96 and its 200-day simple moving average is $124.75.

EOG Resources (NYSE:EOG) last posted its earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share for the quarter, beating analysts’ consensus estimates of $3.23 by $0.18. The firm had revenue of $6.92 billion during the quarter, compared to analyst estimates of $6.18 billion. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. EOG Resources’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period last year, the firm posted $2.87 earnings per share. As a group, equities analysts expect that EOG Resources, Inc. will post 16.63 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, July 31st. Shareholders of record on Friday, July 17th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Friday, July 17th. EOG Resources’s dividend payout ratio (DPR) is presently 40.16%.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 5,698 shares of the business’s stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total value of $856,523.36. Following the sale, the chief operating officer directly owned 88,045 shares in the company, 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 at the SEC website. 0.14% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on EOG. Scotiabank lifted their price objective on shares of EOG Resources from $123.00 to $139.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 22nd. Wells Fargo & Company set a $196.00 target price on shares of EOG Resources and gave the company an “overweight” rating in a research note on Wednesday, May 13th. Wolfe Research lifted their price target on shares of EOG Resources from $152.00 to $154.00 and gave the company an “outperform” rating in a report on Monday, April 6th. Williams Trading set a $177.00 price target on shares of EOG Resources in a research note on Monday, April 20th. Finally, Morgan Stanley increased their price objective on shares of EOG Resources from $155.00 to $160.00 and gave the company an “equal weight” rating in a report on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and sixteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $156.32.

EOG Resources 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.