EOG Resources, Inc. $EOG Shares Bought by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. increased its position in shares of EOG Resources, Inc. (NYSE:EOG) by 3,268.0% in the 3rd quarter, Holdings Channel reports. The firm owned 58,940 shares of the energy exploration company’s stock after purchasing an additional 57,190 shares during the period. Jefferies Financial Group Inc.’s holdings in EOG Resources were worth $6,608,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Hemington Wealth Management increased its holdings in shares of EOG Resources by 7.2% in the third quarter. Hemington Wealth Management now owns 1,383 shares of the energy exploration company’s stock valued at $155,000 after purchasing an additional 93 shares during the last quarter. apricus wealth LLC increased its position in shares of EOG Resources by 5.0% during the third quarter. apricus wealth LLC now owns 2,002 shares of the energy exploration company’s stock valued at $224,000 after acquiring an additional 95 shares during the last quarter. Sowell Financial Services LLC raised its position in EOG Resources by 1.6% in the third quarter. Sowell Financial Services LLC now owns 6,234 shares of the energy exploration company’s stock valued at $699,000 after purchasing an additional 96 shares during the period. Hardy Reed LLC boosted its position in shares of EOG Resources by 4.5% during the third quarter. Hardy Reed LLC now owns 2,267 shares of the energy exploration company’s stock worth $254,000 after buying an additional 97 shares during the period. Finally, RKL Wealth Management LLC grew its stake in shares of EOG Resources by 0.5% in the third quarter. RKL Wealth Management LLC now owns 21,235 shares of the energy exploration company’s stock valued at $2,381,000 after buying an additional 98 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on EOG shares. Jefferies Financial Group increased their target price on EOG Resources from $140.00 to $146.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of EOG Resources in a research report on Thursday, January 22nd. Mizuho set a $134.00 price target on shares of EOG Resources and gave the stock a “neutral” rating in a research report on Friday, December 12th. Citigroup reissued a “neutral” rating and issued a $115.00 price objective (down from $125.00) on shares of EOG Resources in a research note on Wednesday, December 17th. Finally, The Goldman Sachs Group dropped their price objective on shares of EOG Resources from $125.00 to $123.00 and set a “neutral” rating for the company in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seventeen have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $135.77.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $125.00, for a total transaction of $250,000.00. Following the completion of the transaction, the chief operating officer owned 61,481 shares in the company, valued at $7,685,125. The trade was a 3.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold a total of 7,774 shares of company stock valued at $945,895 in the last ninety days. 0.13% of the stock is owned by insiders.

EOG Resources Price Performance

Shares of NYSE EOG opened at $131.48 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.63 and a quick ratio of 1.42. The company has a market cap of $70.54 billion, a price-to-earnings ratio of 14.43 and a beta of 0.44. The stock’s 50-day moving average is $114.32 and its two-hundred day moving average is $112.17. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $134.36.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.07. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.The business had revenue of $5.64 billion during the quarter, compared to analysts’ expectations of $5.36 billion. During the same quarter last year, the business posted $2.74 EPS. The business’s quarterly revenue was up .9% compared to the same quarter last year. Analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 16th will be paid a $1.02 dividend. The ex-dividend date is Thursday, April 16th. This represents a $4.08 dividend on an annualized basis and a yield of 3.1%. EOG Resources’s payout ratio is currently 44.79%.

EOG Resources Company 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.