Pitcairn Co. Boosts Stock Position in EOG Resources, Inc. (NYSE:EOG)

Pitcairn Co. lifted its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 12.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,903 shares of the energy exploration company’s stock after purchasing an additional 526 shares during the quarter. Pitcairn Co.’s holdings in EOG Resources were worth $627,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in EOG. Brookstone Capital Management grew its position in shares of EOG Resources by 25.3% during the 4th quarter. Brookstone Capital Management now owns 1,861 shares of the energy exploration company’s stock valued at $225,000 after purchasing an additional 376 shares in the last quarter. CoreCap Advisors LLC increased its position in shares of EOG Resources by 10.6% in the fourth quarter. CoreCap Advisors LLC now owns 6,538 shares of the energy exploration company’s stock worth $791,000 after purchasing an additional 628 shares during the last quarter. CVA Family Office LLC purchased a new stake in EOG Resources in the fourth quarter valued at approximately $74,000. Kingswood Wealth Advisors LLC bought a new stake in EOG Resources during the fourth quarter valued at approximately $511,000. Finally, Simon Quick Advisors LLC grew its stake in EOG Resources by 7.0% in the 4th quarter. Simon Quick Advisors LLC now owns 2,356 shares of the energy exploration company’s stock worth $285,000 after buying an additional 155 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Michael P. Donaldson sold 2,685 shares of EOG Resources stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $130.29, for a total transaction of $349,828.65. Following the sale, the executive vice president now directly owns 109,040 shares in the company, valued at $14,206,821.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other EOG Resources news, COO Jeffrey R. Leitzell sold 7,802 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $130.07, for a total value of $1,014,806.14. Following the sale, the chief operating officer now owns 39,054 shares in the company, valued at $5,079,753.78. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Michael P. Donaldson sold 2,685 shares of EOG Resources stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $130.29, for a total transaction of $349,828.65. Following the transaction, the executive vice president now owns 109,040 shares of the company’s stock, valued at $14,206,821.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,512 shares of company stock worth $2,144,972. Company insiders own 0.30% of the company’s stock.

EOG Resources Stock Performance

Shares of EOG stock opened at $127.04 on Friday. The firm has a market capitalization of $73.01 billion, a price-to-earnings ratio of 10.03, a PEG ratio of 2.20 and a beta of 1.30. The stock has a fifty day moving average of $124.79 and a 200 day moving average of $123.22. EOG Resources, Inc. has a 52 week low of $108.94 and a 52 week high of $139.67. The company has a quick ratio of 2.05, a current ratio of 2.32 and a debt-to-equity ratio of 0.13.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, May 2nd. The energy exploration company reported $2.82 EPS for the quarter, topping the consensus estimate of $2.70 by $0.12. The business had revenue of $6.12 billion during the quarter, compared to analyst estimates of $5.91 billion. EOG Resources had a net margin of 30.33% and a return on equity of 24.83%. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the prior year, the business earned $2.69 EPS. As a group, research analysts expect that EOG Resources, Inc. will post 12.1 earnings per share for the current year.

EOG Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be given a dividend of $0.91 per share. The ex-dividend date is Wednesday, July 17th. This represents a $3.64 annualized dividend and a yield of 2.87%. EOG Resources’s payout ratio is 28.75%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Bank of America restated a “buy” rating and set a $151.00 price objective on shares of EOG Resources in a research report on Friday, June 14th. Stifel Nicolaus lowered their price target on EOG Resources from $153.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, April 23rd. Morgan Stanley upped their target price on EOG Resources from $132.00 to $133.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Mizuho increased their price target on shares of EOG Resources from $140.00 to $156.00 and gave the company a “buy” rating in a research report on Monday, May 13th. Finally, Truist Financial lowered their price objective on shares of EOG Resources from $136.00 to $130.00 and set a “hold” rating for the company in a report on Monday. Fifteen research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $143.20.

EOG Resources Profile

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.