S&CO Inc. Purchases Shares of 4,500 EOG Resources, Inc. (NYSE:EOG)

S&CO Inc. purchased a new stake in EOG Resources, Inc. (NYSE:EOG) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 4,500 shares of the energy exploration company’s stock, valued at approximately $544,000.

Several other institutional investors also recently bought and sold shares of the business. Covestor Ltd grew its stake in shares of EOG Resources by 7.2% during the 3rd quarter. Covestor Ltd now owns 1,215 shares of the energy exploration company’s stock valued at $154,000 after buying an additional 82 shares during the period. Bison Wealth LLC grew its stake in shares of EOG Resources by 1.6% during the 3rd quarter. Bison Wealth LLC now owns 5,384 shares of the energy exploration company’s stock valued at $682,000 after buying an additional 86 shares during the period. Fragasso Group Inc. grew its stake in shares of EOG Resources by 2.2% during the 4th quarter. Fragasso Group Inc. now owns 3,912 shares of the energy exploration company’s stock valued at $473,000 after buying an additional 86 shares during the period. First United Bank & Trust grew its stake in shares of EOG Resources by 1.8% during the 4th quarter. First United Bank & Trust now owns 5,160 shares of the energy exploration company’s stock valued at $624,000 after buying an additional 91 shares during the period. Finally, Jones Financial Companies Lllp grew its stake in shares of EOG Resources by 21.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 571 shares of the energy exploration company’s stock valued at $72,000 after buying an additional 101 shares during the period. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Stock Down 0.6 %

Shares of EOG Resources stock traded down $0.76 during trading on Monday, reaching $123.27. The company had a trading volume of 3,730,800 shares, compared to its average volume of 3,322,283. The company has a market cap of $70.84 billion, a price-to-earnings ratio of 9.74 and a beta of 1.38. EOG Resources, Inc. has a fifty-two week low of $106.32 and a fifty-two week high of $139.67. The firm’s fifty day moving average is $130.72 and its 200-day moving average is $122.47. 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 (NYSE:EOG) last released its quarterly earnings data on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.70 by $0.12. The firm had revenue of $6.12 billion for the quarter, compared to analyst estimates of $5.91 billion. EOG Resources had a net margin of 30.33% and a return on equity of 24.83%. EOG Resources’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.69 earnings per share. On average, analysts anticipate that EOG Resources, Inc. will post 12.19 EPS for the current year.

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be paid a dividend of $0.91 per share. The ex-dividend date of this dividend is Wednesday, July 17th. This represents a $3.64 annualized dividend and a yield of 2.95%. EOG Resources’s dividend payout ratio (DPR) is 28.75%.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. KeyCorp boosted their price objective on shares of EOG Resources from $147.00 to $157.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. Barclays initiated coverage on shares of EOG Resources in a research report on Wednesday, April 10th. They set an “equal weight” rating and a $144.00 price target for the company. TD Cowen upped their price target on shares of EOG Resources from $130.00 to $144.00 and gave the stock a “hold” rating in a research report on Tuesday, April 30th. Citigroup upped their price target on shares of EOG Resources from $124.00 to $130.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, Piper Sandler upped their price target on shares of EOG Resources from $153.00 to $154.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 14th. Fifteen analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, EOG Resources currently has a consensus rating of “Hold” and a consensus price target of $142.09.

Insider Buying and Selling

In other EOG Resources news, COO Jeffrey R. Leitzell sold 7,802 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief operating officer now owns 39,054 shares in the company, valued at approximately $5,079,753.78. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other EOG Resources news, CEO Ezra Y. Yacob sold 4,729 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $129.31, for a total value of $611,506.99. Following the completion of the transaction, the chief executive officer now owns 150,474 shares in the company, valued at approximately $19,457,792.94. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Jeffrey R. Leitzell sold 7,802 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief operating officer now 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. Insiders have sold a total of 16,512 shares of company stock worth $2,144,972 over the last quarter. 0.20% of the stock is owned by company insiders.

EOG Resources 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.