EOG Resources, Inc. $EOG Shares Purchased by Turtle Creek Wealth Advisors LLC

Turtle Creek Wealth Advisors LLC grew its position in shares of EOG Resources, Inc. (NYSE:EOG) by 46.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 95,643 shares of the energy exploration company’s stock after buying an additional 30,260 shares during the period. Turtle Creek Wealth Advisors LLC’s holdings in EOG Resources were worth $13,827,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Acumen Wealth Advisors LLC acquired a new stake in shares of EOG Resources during the 4th quarter valued at approximately $25,000. SJS Investment Consulting Inc. boosted its holdings in EOG Resources by 225.5% in the first quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock worth $26,000 after purchasing an additional 124 shares during the period. Prosperity Bancshares Inc acquired a new position in EOG Resources in the fourth quarter worth $26,000. Nemes Rush Group LLC bought a new stake in EOG Resources during the fourth quarter valued at $30,000. Finally, Financial Life Planners bought a new stake in EOG Resources during the first quarter valued at $30,000. Institutional investors own 89.91% of the company’s stock.

EOG Resources Price Performance

Shares of NYSE EOG opened at $130.81 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 firm has a market capitalization of $69.67 billion, a PE ratio of 12.87 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 fifty day moving average price is $135.75 and its two-hundred day moving average price is $126.24.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.23 by $0.18. The company had revenue of $6.92 billion during the quarter, compared to the consensus estimate of $6.18 billion. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The company’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.87 earnings per share. On average, research analysts expect that EOG Resources, Inc. will post 16.31 EPS for the current year.

EOG Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors 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 annualized dividend and a yield of 3.1%. EOG Resources’s dividend payout ratio (DPR) is currently 40.16%.

Analysts Set New Price Targets

A number of brokerages have weighed in on EOG. Royal Bank Of Canada increased their target price on shares of EOG Resources from $138.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, April 8th. Morgan Stanley lowered their price objective on shares of EOG Resources from $160.00 to $156.00 and set an “equal weight” rating for the company in a research report on Friday, June 26th. UBS Group lowered their price objective on shares of EOG Resources from $168.00 to $158.00 and set a “buy” rating for the company in a research report on Thursday. Mizuho set a $157.00 price objective on shares of EOG Resources and gave the stock a “neutral” rating in a research note on Wednesday, May 27th. Finally, JPMorgan Chase & Co. cut their target price on shares of EOG Resources from $148.00 to $142.00 and set a “neutral” rating on the stock in a report on Tuesday. One research 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 company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $155.25.

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.