Founders Financial Securities LLC Invests $996,000 in EOG Resources, Inc. (NYSE:EOG)

Founders Financial Securities LLC acquired a new stake in EOG Resources, Inc. (NYSE:EOG) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 7,794 shares of the energy exploration company’s stock, valued at approximately $996,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EOG. Fragasso Group Inc. grew its stake in shares of EOG Resources by 2.2% in the fourth quarter. Fragasso Group Inc. now owns 3,912 shares of the energy exploration company’s stock worth $473,000 after acquiring an additional 86 shares during the last quarter. Moody National Bank Trust Division increased its holdings in shares of EOG Resources by 1.0% during the 1st quarter. Moody National Bank Trust Division now owns 8,420 shares of the energy exploration company’s stock worth $1,076,000 after purchasing an additional 87 shares during the period. FinTrust Capital Advisors LLC raised its position in shares of EOG Resources by 26.9% during the fourth quarter. FinTrust Capital Advisors LLC now owns 420 shares of the energy exploration company’s stock valued at $51,000 after buying an additional 89 shares during the last quarter. First United Bank & Trust grew its position in EOG Resources by 1.8% during the fourth quarter. First United Bank & Trust now owns 5,160 shares of the energy exploration company’s stock worth $624,000 after buying an additional 91 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its stake in EOG Resources by 21.5% during the third quarter. Jones Financial Companies Lllp now owns 571 shares of the energy exploration company’s stock valued at $72,000 after acquiring an additional 101 shares during the period. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Trading Up 1.1 %

NYSE:EOG traded up $1.32 on Friday, reaching $125.87. The company’s stock had a trading volume of 4,029,396 shares, compared to its average volume of 2,784,269. EOG Resources, Inc. has a 1-year low of $108.94 and a 1-year high of $139.67. The business’s 50-day moving average price is $126.28 and its two-hundred day moving average price is $122.42. The firm has a market cap of $72.34 billion, a PE ratio of 9.94, a PEG ratio of 1.73 and a beta of 1.32. 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 issued its quarterly earnings data on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.70 by $0.12. The business had revenue of $6.12 billion during the quarter, compared to analyst estimates of $5.91 billion. EOG Resources had a return on equity of 24.83% and a net margin of 30.33%. EOG Resources’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.69 EPS. Equities research analysts anticipate that EOG Resources, Inc. will post 11.99 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be issued a dividend of $0.91 per share. The ex-dividend date of this dividend is Wednesday, July 17th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.89%. EOG Resources’s payout ratio is 28.75%.

Analysts Set New Price Targets

A number of brokerages have commented on EOG. Mizuho raised their price objective on EOG Resources from $140.00 to $156.00 and gave the stock a “buy” rating in a research report on Monday, May 13th. Morgan Stanley increased their price target on EOG Resources from $132.00 to $133.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. Truist Financial downgraded EOG Resources from a “buy” rating to a “hold” rating and cut their price objective for the company from $163.00 to $136.00 in a research report on Thursday, May 16th. Piper Sandler increased their target price on EOG Resources from $153.00 to $154.00 and gave the stock an “overweight” rating in a report on Tuesday, May 14th. Finally, Susquehanna lifted their price target on EOG Resources from $147.00 to $155.00 and gave the company a “positive” rating in a report on Monday, April 22nd. Thirteen equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $143.19.

Insider Activity at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 7,802 shares of the 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 in the company, valued at approximately $5,079,753.78. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, COO Jeffrey R. Leitzell sold 7,802 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were 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 directly owns 39,054 shares of the company’s stock, valued at approximately $5,079,753.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ezra Y. Yacob sold 4,729 shares of the business’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $129.31, for a total transaction of $611,506.99. Following the completion of the sale, the chief executive officer now directly owns 150,474 shares in the company, valued at approximately $19,457,792.94. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,512 shares of company stock valued at $2,144,972. 0.30% of the stock is owned by corporate insiders.

EOG Resources Company 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.