Claro Advisors LLC Grows Position in EOG Resources, Inc. (NYSE:EOG)

Claro Advisors LLC boosted its position in EOG Resources, Inc. (NYSE:EOG) by 7.5% in the first quarter, Holdings Channel.com reports. The firm owned 6,424 shares of the energy exploration company’s stock after buying an additional 449 shares during the quarter. Claro Advisors LLC’s holdings in EOG Resources were worth $821,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of EOG. Fragasso Group Inc. grew 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 buying an additional 86 shares in the last quarter. Moody National Bank Trust Division grew its position in EOG Resources by 1.0% in the first quarter. Moody National Bank Trust Division now owns 8,420 shares of the energy exploration company’s stock worth $1,076,000 after acquiring an additional 87 shares in the last quarter. FinTrust Capital Advisors LLC increased its stake in EOG Resources by 26.9% during the fourth quarter. FinTrust Capital Advisors LLC now owns 420 shares of the energy exploration company’s stock worth $51,000 after acquiring an additional 89 shares during the last quarter. First United Bank & Trust increased its stake in EOG Resources by 1.8% during the fourth quarter. First United Bank & Trust now owns 5,160 shares of the energy exploration company’s stock worth $624,000 after acquiring an additional 91 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its position in EOG Resources by 21.5% during the third quarter. Jones Financial Companies Lllp now owns 571 shares of the energy exploration company’s stock valued at $72,000 after purchasing an additional 101 shares during the period. Institutional investors own 89.91% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Bank of America reissued a “buy” rating and set a $151.00 target price on shares of EOG Resources in a research report on Friday, June 14th. TD Cowen increased their target price on shares of EOG Resources from $130.00 to $144.00 and gave the company a “hold” rating in a research note on Tuesday, April 30th. Morgan Stanley lifted their price target on shares of EOG Resources from $132.00 to $133.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Barclays started coverage on shares of EOG Resources in a research report on Wednesday, April 10th. They issued an “equal weight” rating and a $144.00 price objective on the stock. Finally, Piper Sandler boosted their price objective on EOG Resources from $153.00 to $154.00 and gave the company an “overweight” rating in a report on Tuesday, May 14th. Thirteen research 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 stock. According to data from MarketBeat, EOG Resources presently has an average rating of “Hold” and a consensus price target of $143.19.

Insider Activity

In related news, COO Jeffrey R. Leitzell sold 7,802 shares of the business’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $130.07, for a total transaction of $1,014,806.14. Following the completion of the transaction, the chief operating officer now directly owns 39,054 shares in the company, valued at $5,079,753.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, COO Jeffrey R. Leitzell sold 7,802 shares of EOG Resources stock in a transaction on 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 of the company’s stock, valued at approximately $5,079,753.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Lloyd W. Helms, Jr. sold 1,296 shares of the business’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $130.27, for a total transaction of $168,829.92. Following the completion of the sale, the president now directly owns 161,109 shares of the company’s stock, valued at approximately $20,987,669.43. The disclosure for this sale can be found here. Insiders have sold 16,512 shares of company stock valued at $2,144,972 in the last ninety days. Insiders own 0.20% of the company’s stock.

EOG Resources Price Performance

Shares of EOG stock opened at $126.53 on Tuesday. The stock’s 50-day simple moving average is $126.28 and its 200-day simple moving average is $122.44. The firm has a market capitalization of $72.72 billion, a price-to-earnings ratio of 9.99, a PEG ratio of 1.75 and a beta of 1.30. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.05 and a current ratio of 2.32. EOG Resources, Inc. has a fifty-two week low of $108.94 and a fifty-two week high of $139.67.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.70 by $0.12. EOG Resources had a return on equity of 24.83% and a net margin of 30.33%. The company had revenue of $6.12 billion during the quarter, compared to analysts’ expectations of $5.91 billion. During the same quarter in the previous year, the firm posted $2.69 EPS. The firm’s revenue was up 1.3% compared to the same quarter last year. As a group, equities analysts forecast that EOG Resources, Inc. will post 11.99 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently declared 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. This represents a $3.64 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date is Wednesday, July 17th. EOG Resources’s dividend payout ratio is presently 28.75%.

EOG Resources Company 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.