Larson Financial Group LLC Raises Position in EOG Resources, Inc. (NYSE:EOG)

Larson Financial Group LLC increased its holdings in EOG Resources, Inc. (NYSE:EOG) by 6.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 4,478 shares of the energy exploration company’s stock after purchasing an additional 265 shares during the period. Larson Financial Group LLC’s holdings in EOG Resources were worth $549,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Financial Life Planners purchased a new position in EOG Resources during the fourth quarter worth approximately $25,000. Y.D. More Investments Ltd raised its position in shares of EOG Resources by 149.4% in the 4th quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock worth $25,000 after buying an additional 121 shares during the period. Mainstream Capital Management LLC acquired a new position in EOG Resources in the fourth quarter valued at $25,000. Decker Retirement Planning Inc. purchased a new stake in EOG Resources during the fourth quarter valued at about $27,000. Finally, Keystone Financial Group Inc. acquired a new stake in EOG Resources during the fourth quarter worth about $27,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Price Performance

Shares of EOG stock opened at $125.41 on Monday. The firm has a fifty day moving average of $129.50 and a two-hundred day moving average of $127.74. The firm has a market cap of $69.47 billion, a P/E ratio of 10.10, a P/E/G ratio of 3.58 and a beta of 1.25. EOG Resources, Inc. has a 1-year low of $115.78 and a 1-year high of $139.67. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 EPS for the quarter, topping analysts’ consensus estimates of $2.55 by $0.19. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The business had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.96 billion. As a group, research analysts anticipate that EOG Resources, Inc. will post 11.47 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 Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be issued a $0.975 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.11%. EOG Resources’s dividend payout ratio (DPR) is 34.73%.

Insider Activity at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total transaction of $483,560.00. Following the completion of the sale, the chief operating officer now owns 42,703 shares in the company, valued at $5,162,365.67. The trade was a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on EOG. UBS Group dropped their target price on shares of EOG Resources from $165.00 to $160.00 and set a “buy” rating for the company in a research report on Tuesday, March 4th. Raymond James raised their target price on shares of EOG Resources from $167.00 to $175.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 23rd. Citigroup lifted their target price on shares of EOG Resources from $127.00 to $134.00 and gave the company a “neutral” rating in a report on Tuesday, November 26th. Truist Financial increased their price target on EOG Resources from $135.00 to $137.00 and gave the company a “hold” rating in a report on Monday, January 13th. Finally, StockNews.com cut EOG Resources from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Twelve investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, EOG Resources has an average rating of “Moderate Buy” and a consensus target price of $145.80.

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.