Peregrine Asset Advisers Inc. Buys Shares of 29,629 EOG Resources, Inc. $EOG

Peregrine Asset Advisers Inc. purchased a new position in shares of EOG Resources, Inc. (NYSE:EOG) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 29,629 shares of the energy exploration company’s stock, valued at approximately $3,111,000.

Other hedge funds have also made changes to their positions in the company. JCIC Asset Management Inc. bought a new stake in shares of EOG Resources in the 3rd quarter worth approximately $32,000. Olistico Wealth LLC bought a new stake in shares of EOG Resources in the 4th quarter worth approximately $33,000. Salomon & Ludwin LLC lifted its holdings in shares of EOG Resources by 122.8% in the 3rd quarter. Salomon & Ludwin LLC now owns 323 shares of the energy exploration company’s stock worth $36,000 after purchasing an additional 178 shares during the last quarter. Mountain Hill Investment Partners Corp. bought a new stake in shares of EOG Resources in the 3rd quarter worth approximately $37,000. Finally, Quent Capital LLC bought a new stake in shares of EOG Resources in the 3rd quarter worth approximately $37,000. Institutional investors own 89.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on EOG. Scotiabank raised their price target on EOG Resources from $123.00 to $139.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 22nd. Truist Financial began coverage on EOG Resources in a report on Tuesday, March 24th. They issued a “hold” rating and a $146.00 price target on the stock. Susquehanna raised their price target on EOG Resources from $144.00 to $162.00 and gave the stock a “positive” rating in a report on Tuesday, April 21st. Capital One Financial boosted their price objective on EOG Resources from $130.00 to $161.00 and gave the stock an “overweight” rating in a research report on Thursday, March 26th. Finally, Jefferies Financial Group boosted their price objective on EOG Resources from $146.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, April 13th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seventeen have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $153.68.

EOG Resources Stock Performance

Shares of NYSE EOG opened at $139.09 on Monday. The company has a current ratio of 1.63, a quick ratio of 1.42 and a debt-to-equity ratio of 0.27. The stock has a 50 day simple moving average of $134.92 and a 200-day simple moving average of $117.72. The company has a market cap of $74.51 billion, a PE ratio of 15.27, a P/E/G ratio of 1.73 and a beta of 0.27. EOG Resources, Inc. has a 12-month low of $101.59 and a 12-month high of $151.87.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.07. The business had revenue of $5.64 billion during the quarter, compared to the consensus estimate of $5.36 billion. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.The business’s revenue was up .9% on a year-over-year basis. During the same period in the previous year, the firm posted $2.74 earnings per share. On average, equities research analysts forecast that EOG Resources, Inc. will post 14.75 EPS for the current year.

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th were given a dividend of $1.02 per share. The ex-dividend date was Thursday, April 16th. This represents a $4.08 annualized dividend and a dividend yield of 2.9%. EOG Resources’s payout ratio is currently 44.79%.

Insider Buying and Selling

In other EOG Resources news, CFO Ann D. Janssen sold 4,161 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $140.04, for a total value of $582,706.44. Following the completion of the sale, the chief financial officer directly owned 100,246 shares in the company, valued at $14,038,449.84. This represents a 3.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Jeffrey R. Leitzell sold 5,698 shares of the company’s stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total value of $856,523.36. Following the completion of the sale, the chief operating officer owned 88,045 shares of the company’s stock, valued at $13,234,924.40. This trade represents a 6.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 18,230 shares of company stock valued at $2,522,568 over the last 90 days. 0.14% of the stock is currently owned by insiders.

EOG Resources Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.