Jones Financial Companies Lllp Has $1.17 Million Holdings in EOG Resources, Inc. (NYSE:EOG)

Jones Financial Companies Lllp grew its stake in EOG Resources, Inc. (NYSE:EOG) by 31.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,529 shares of the energy exploration company’s stock after buying an additional 2,290 shares during the period. Jones Financial Companies Lllp’s holdings in EOG Resources were worth $1,168,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. lifted its position in shares of EOG Resources by 0.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 17,411,032 shares of the energy exploration company’s stock worth $2,140,338,000 after buying an additional 75,194 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of EOG Resources by 1.5% in the third quarter. Geode Capital Management LLC now owns 12,315,735 shares of the energy exploration company’s stock worth $1,513,446,000 after purchasing an additional 180,755 shares during the period. Franklin Resources Inc. increased its stake in shares of EOG Resources by 64.7% in the third quarter. Franklin Resources Inc. now owns 5,284,228 shares of the energy exploration company’s stock worth $694,717,000 after purchasing an additional 2,076,134 shares during the period. Pacer Advisors Inc. increased its stake in shares of EOG Resources by 5.0% in the fourth quarter. Pacer Advisors Inc. now owns 4,469,142 shares of the energy exploration company’s stock worth $547,827,000 after purchasing an additional 214,497 shares during the period. Finally, Yacktman Asset Management LP increased its stake in shares of EOG Resources by 10.3% in the fourth quarter. Yacktman Asset Management LP now owns 1,807,065 shares of the energy exploration company’s stock worth $221,510,000 after purchasing an additional 168,723 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total transaction of $483,560.00. Following the transaction, the chief operating officer now owns 42,703 shares of the company’s stock, valued at approximately $5,162,365.67. This represents a 8.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.30% of the stock is owned by company insiders.

EOG Resources Stock Up 2.6 %

Shares of EOG opened at $125.41 on Friday. The company has a market capitalization of $70.53 billion, a P/E ratio of 10.10, a PEG ratio of 3.58 and a beta of 1.27. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. EOG Resources, Inc. has a one year low of $115.78 and a one year high of $139.67. The business’s 50 day simple moving average is $129.50 and its 200-day simple moving average is $127.71.

EOG Resources (NYSE:EOG) last announced its earnings results on Friday, February 28th. The energy exploration company reported $2.74 EPS for the quarter, topping the consensus estimate of $2.55 by $0.19. The business had revenue of $5.59 billion for the quarter, compared to the consensus estimate of $5.96 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. As a group, sell-side analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be issued a $0.975 dividend. This represents a $3.90 annualized dividend and a dividend yield of 3.11%. The ex-dividend date is Wednesday, April 16th. EOG Resources’s payout ratio is currently 34.73%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on EOG shares. Benchmark reiterated a “hold” rating on shares of EOG Resources in a research note on Monday, January 13th. Bank of America reiterated a “neutral” rating and issued a $144.00 price objective (down from $151.00) on shares of EOG Resources in a research note on Monday, January 13th. Truist Financial lifted their price objective on EOG Resources from $135.00 to $137.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Mizuho dropped their price objective on EOG Resources from $156.00 to $148.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. Finally, Raymond James boosted their price target on EOG Resources from $167.00 to $175.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 23rd. Twelve analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, EOG Resources currently has an average rating of “Moderate Buy” and an average price target of $145.80.

About EOG Resources

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.