Marion Wealth Management Buys 194 Shares of EOG Resources, Inc. (NYSE:EOG)

Marion Wealth Management lifted its stake in shares of EOG Resources, Inc. (NYSE:EOGFree Report) by 1.7% in the 1st quarter, Holdings Channel reports. The fund owned 11,437 shares of the energy exploration company’s stock after acquiring an additional 194 shares during the quarter. Marion Wealth Management’s holdings in EOG Resources were worth $1,462,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in EOG. Beese Fulmer Investment Management Inc. increased its holdings in EOG Resources by 9.9% during the 1st quarter. Beese Fulmer Investment Management Inc. now owns 52,662 shares of the energy exploration company’s stock worth $6,732,000 after purchasing an additional 4,759 shares in the last quarter. Butensky & Cohen Financial Security Inc. acquired a new position in shares of EOG Resources during the first quarter worth about $2,224,000. GAMMA Investing LLC grew its holdings in shares of EOG Resources by 22.0% during the first quarter. GAMMA Investing LLC now owns 4,609 shares of the energy exploration company’s stock worth $589,000 after buying an additional 832 shares in the last quarter. Compass Wealth Management LLC raised its position in EOG Resources by 2.5% in the 1st quarter. Compass Wealth Management LLC now owns 19,834 shares of the energy exploration company’s stock valued at $2,536,000 after buying an additional 480 shares during the last quarter. Finally, Los Angeles Capital Management LLC lifted its stake in EOG Resources by 79.3% in the 1st quarter. Los Angeles Capital Management LLC now owns 5,436 shares of the energy exploration company’s stock valued at $695,000 after acquiring an additional 2,405 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

Insider Activity at EOG Resources

In other EOG Resources 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 value of $611,506.99. Following the sale, the chief executive officer now owns 150,474 shares in the company, valued at $19,457,792.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Ezra Y. Yacob sold 4,729 shares of the company’s 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 sale, the chief executive officer now directly owns 150,474 shares of the company’s stock, valued at approximately $19,457,792.94. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Jeffrey R. Leitzell sold 7,802 shares of EOG Resources stock in a transaction on Friday, May 10th. The stock was sold at an average price of $130.07, for a total transaction of $1,014,806.14. Following the transaction, the chief operating officer now directly owns 39,054 shares of the company’s stock, valued at approximately $5,079,753.78. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,512 shares of company stock valued at $2,144,972. 0.20% of the stock is owned by insiders.

EOG Resources Price Performance

EOG traded up $0.42 on Wednesday, hitting $119.50. 2,032,355 shares of the stock were exchanged, compared to its average volume of 2,988,525. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.32 and a quick ratio of 2.05. EOG Resources, Inc. has a 12 month low of $106.34 and a 12 month high of $139.67. The firm has a market capitalization of $68.68 billion, a price-to-earnings ratio of 9.44, a PEG ratio of 1.65 and a beta of 1.32. The business has a 50-day moving average of $127.58 and a two-hundred day moving average of $122.20.

EOG Resources (NYSE:EOGGet Free Report) last issued its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $5.91 billion. EOG Resources had a net margin of 30.33% and a return on equity of 24.83%. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.69 EPS. Sell-side analysts forecast that EOG Resources, Inc. will post 12.07 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Wednesday, July 17th. This represents a $3.64 annualized dividend and a dividend yield of 3.05%. EOG Resources’s payout ratio is 28.75%.

Analyst Ratings Changes

Several brokerages have recently weighed in on EOG. StockNews.com raised shares of EOG Resources from a “hold” rating to a “buy” rating in a research note on Thursday, May 9th. KeyCorp increased their price objective on shares of EOG Resources from $147.00 to $157.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. Susquehanna increased their price target on EOG Resources from $147.00 to $155.00 and gave the company a “positive” rating in a research report on Monday, April 22nd. Mizuho increased their price objective on EOG Resources from $140.00 to $156.00 and gave the company a “buy” rating in a report on Monday, May 13th. Finally, Truist Financial cut shares of EOG Resources from a “buy” rating to a “hold” rating and cut their price target for the company from $163.00 to $136.00 in a research note on Thursday, May 16th. Thirteen research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, EOG Resources presently has a consensus rating of “Hold” and an average target price of $143.19.

View Our Latest Report on EOG Resources

EOG Resources Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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