Aviance Capital Partners LLC Invests $288,000 in EOG Resources, Inc. (NYSE:EOG)

Aviance Capital Partners LLC acquired a new position in EOG Resources, Inc. (NYSE:EOG) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,250 shares of the energy exploration company’s stock, valued at approximately $288,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Fragasso Group Inc. increased its stake in shares of EOG Resources by 2.2% in the 4th quarter. Fragasso Group Inc. now owns 3,912 shares of the energy exploration company’s stock worth $473,000 after purchasing an additional 86 shares in the last quarter. Moody National Bank Trust Division increased its stake in EOG Resources by 1.0% in the 1st quarter. Moody National Bank Trust Division now owns 8,420 shares of the energy exploration company’s stock worth $1,076,000 after buying an additional 87 shares in the last quarter. FinTrust Capital Advisors LLC increased its stake in EOG Resources by 26.9% in the 4th quarter. FinTrust Capital Advisors LLC now owns 420 shares of the energy exploration company’s stock worth $51,000 after buying an additional 89 shares in the last quarter. First United Bank & Trust increased its stake in EOG Resources by 1.8% in the 4th quarter. First United Bank & Trust now owns 5,160 shares of the energy exploration company’s stock worth $624,000 after buying an additional 91 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its stake in EOG Resources by 21.5% in the 3rd quarter. Jones Financial Companies Lllp now owns 571 shares of the energy exploration company’s stock worth $72,000 after buying an additional 101 shares in the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EOG has been the subject of a number of analyst reports. Benchmark reiterated a “hold” rating on shares of EOG Resources in a research note on Tuesday, May 7th. Truist Financial lowered EOG Resources from a “buy” rating to a “hold” rating and cut their price target for the stock from $163.00 to $136.00 in a research note on Thursday, May 16th. Morgan Stanley increased their price target 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. JPMorgan Chase & Co. increased their price objective on shares of EOG Resources from $134.00 to $141.00 and gave the company a “neutral” rating in a report on Thursday, March 28th. Finally, TD Cowen increased their price objective on shares of EOG Resources from $130.00 to $144.00 and gave the company a “hold” rating in a report on Tuesday, April 30th. Thirteen equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $143.19.

EOG Resources Trading Down 0.1 %

EOG Resources stock traded down $0.11 during midday trading on Monday, reaching $125.76. The stock had a trading volume of 402,607 shares, compared to its average volume of 3,262,950. 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, Inc. has a 52-week low of $108.94 and a 52-week high of $139.67. The firm has a market cap of $72.28 billion, a price-to-earnings ratio of 10.02, a price-to-earnings-growth ratio of 1.75 and a beta of 1.30. The company has a fifty day moving average of $126.28 and a 200 day moving average of $122.44.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.70 by $0.12. The company had revenue of $6.12 billion for 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 firm’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the prior year, the company posted $2.69 EPS. On average, analysts anticipate that EOG Resources, Inc. will post 11.99 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date is Wednesday, July 17th. EOG Resources’s dividend payout ratio (DPR) is presently 28.75%.

Insider Transactions at EOG Resources

In other news, CEO Ezra Y. Yacob sold 4,729 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 150,474 shares of the company’s stock, valued at $19,457,792.94. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO Ezra Y. Yacob sold 4,729 shares of EOG Resources stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 150,474 shares of the company’s stock, valued at $19,457,792.94. The sale was disclosed in a filing with the SEC, which is accessible through this link. 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 directly owns 109,040 shares in the company, valued at $14,206,821.60. 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. 0.20% of the stock is currently owned by company insiders.

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.