Ascent Group LLC Buys 267 Shares of EOG Resources, Inc. (NYSE:EOG)

Ascent Group LLC raised its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 1.8% in the first quarter, HoldingsChannel reports. The firm owned 15,412 shares of the energy exploration company’s stock after buying an additional 267 shares during the quarter. Ascent Group LLC’s holdings in EOG Resources were worth $1,970,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Sachetta LLC purchased a new position in shares of EOG Resources during the 4th quarter worth approximately $33,000. Keener Financial Planning LLC purchased a new position in shares of EOG Resources during the 4th quarter worth approximately $36,000. Norwood Financial Corp purchased a new position in shares of EOG Resources during the 1st quarter worth approximately $37,000. LifeSteps Financial Inc. purchased a new position in shares of EOG Resources during the 1st quarter worth approximately $38,000. Finally, GoalVest Advisory LLC grew its holdings in shares of EOG Resources by 135.4% during the 1st quarter. GoalVest Advisory LLC now owns 306 shares of the energy exploration company’s stock worth $39,000 after acquiring an additional 176 shares during the period. Institutional investors own 89.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Stifel Nicolaus cut their price target on EOG Resources from $153.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, April 23rd. Susquehanna upped their price objective on EOG Resources from $147.00 to $155.00 and gave the company a “positive” rating in a research report on Monday, April 22nd. StockNews.com cut EOG Resources from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Truist Financial lowered their price target on EOG Resources from $136.00 to $130.00 and set a “hold” rating on the stock in a report on Monday, July 22nd. Finally, TD Cowen raised their target price on EOG Resources from $130.00 to $144.00 and gave the stock a “hold” rating in a report on Tuesday, April 30th. Fifteen research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $143.20.

Insiders Place Their Bets

In other EOG Resources news, CEO Ezra Y. Yacob sold 4,729 shares of EOG Resources stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $129.31, for a total value of $611,506.99. Following the transaction, the chief executive officer now directly owns 150,474 shares of the company’s stock, valued at $19,457,792.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other EOG Resources news, President Lloyd W. Helms, Jr. sold 1,296 shares of EOG Resources stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $130.27, for a total value of $168,829.92. Following the transaction, the president now directly owns 161,109 shares of the company’s stock, valued at $20,987,669.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ezra Y. Yacob sold 4,729 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $129.31, for a total transaction of $611,506.99. Following the sale, the chief executive officer now directly owns 150,474 shares in the company, valued at $19,457,792.94. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,512 shares of company stock valued at $2,144,972. 0.30% of the stock is currently owned by insiders.

EOG Resources Trading Down 1.5 %

NYSE EOG traded down $1.95 during trading on Monday, hitting $125.20. The stock had a trading volume of 2,343,619 shares, compared to its average volume of 3,182,712. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.05 and a current ratio of 2.32. The stock has a market capitalization of $71.95 billion, a price-to-earnings ratio of 9.82, a P/E/G ratio of 2.22 and a beta of 1.30. EOG Resources, Inc. has a one year low of $108.94 and a one year high of $139.67. The stock has a 50 day simple moving average of $124.73 and a 200 day simple moving average of $123.40.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.70 by $0.12. EOG Resources had a net margin of 30.33% and a return on equity of 24.83%. The firm had revenue of $6.12 billion during the quarter, compared to the consensus estimate of $5.91 billion. During the same quarter in the previous year, the firm posted $2.69 earnings per share. The company’s revenue was up 1.3% on a year-over-year basis. Sell-side analysts predict that EOG Resources, Inc. will post 12.13 earnings per share for the current year.

EOG Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 2.91%. The ex-dividend date of this dividend is Wednesday, July 17th. EOG Resources’s payout ratio is 28.75%.

About EOG Resources

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.