Procyon Advisors LLC Increases Stock Position in EOG Resources, Inc. $EOG

Procyon Advisors LLC raised its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 167.1% in the 4th quarter, HoldingsChannel reports. The firm owned 31,542 shares of the energy exploration company’s stock after purchasing an additional 19,732 shares during the period. Procyon Advisors LLC’s holdings in EOG Resources were worth $3,312,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of EOG. JCIC Asset Management Inc. bought a new position in shares of EOG Resources in the 3rd quarter worth $32,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of EOG Resources during the 2nd quarter worth $35,000. Salomon & Ludwin LLC lifted its holdings in shares of EOG Resources by 122.8% during the 3rd quarter. Salomon & Ludwin LLC now owns 323 shares of the energy exploration company’s stock worth $36,000 after acquiring an additional 178 shares during the last quarter. Mountain Hill Investment Partners Corp. purchased a new position in EOG Resources in the third quarter worth $37,000. Finally, Quent Capital LLC purchased a new position in EOG Resources in the third quarter worth $37,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on EOG shares. JPMorgan Chase & Co. raised their price target on EOG Resources from $115.00 to $125.00 and gave the company a “neutral” rating in a research report on Thursday, February 26th. Johnson Rice reduced their price objective on EOG Resources from $145.00 to $135.00 and set a “hold” rating on the stock in a research report on Friday, December 5th. BMO Capital Markets raised their price objective on EOG Resources from $120.00 to $140.00 and gave the company an “outperform” rating in a report on Tuesday, March 3rd. Roth Mkm restated a “neutral” rating and issued a $110.00 target price on shares of EOG Resources in a research report on Wednesday, February 25th. Finally, Jefferies Financial Group boosted their target price on EOG Resources from $140.00 to $146.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seventeen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, EOG Resources currently has a consensus rating of “Hold” and a consensus price target of $138.23.

Insider Buying and Selling

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 stock was sold at an average price of $125.00, for a total value of $250,000.00. Following the completion of the sale, the chief operating officer owned 61,481 shares in the company, valued at approximately $7,685,125. The trade was a 3.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Ann D. Janssen sold 2,597 shares of the stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $134.31, for a total value of $348,803.07. Following the sale, the chief financial officer directly owned 100,246 shares of the company’s stock, valued at approximately $13,464,040.26. This trade represents a 2.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 10,371 shares of company stock worth $1,294,698 over the last ninety days. Insiders own 0.13% of the company’s stock.

EOG Resources Stock Performance

EOG Resources stock opened at $138.65 on Friday. The firm has a fifty day simple moving average of $119.64 and a two-hundred day simple moving average of $112.97. The company has a quick ratio of 1.42, a current ratio of 1.63 and a debt-to-equity ratio of 0.27. EOG Resources, Inc. has a twelve month low of $101.59 and a twelve month high of $140.92. The company has a market capitalization of $74.39 billion, a PE ratio of 15.22, a P/E/G ratio of 3.75 and a beta of 0.44.

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 analysts’ consensus estimates of $2.20 by $0.07. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.The firm had revenue of $5.64 billion for the quarter, compared to analysts’ expectations of $5.36 billion. During the same period last year, the firm earned $2.74 earnings per share. The company’s revenue for the quarter was up .9% compared to the same quarter last year. Research analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 16th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.9%. The ex-dividend date is Thursday, April 16th. EOG Resources’s dividend payout ratio (DPR) is presently 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.