1,936 Shares in EOG Resources, Inc. (NYSE:EOG) Bought by OneAscent Financial Services LLC

OneAscent Financial Services LLC bought a new stake in EOG Resources, Inc. (NYSE:EOG) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,936 shares of the energy exploration company’s stock, valued at approximately $237,000.

Other large investors also recently modified their holdings of the company. Wealthfront Advisers LLC boosted its holdings in shares of EOG Resources by 4,642.2% in the fourth quarter. Wealthfront Advisers LLC now owns 2,852,238 shares of the energy exploration company’s stock valued at $349,627,000 after buying an additional 2,792,092 shares during the period. Franklin Resources Inc. lifted its position in EOG Resources by 64.7% in the 3rd quarter. Franklin Resources Inc. now owns 5,284,228 shares of the energy exploration company’s stock valued at $694,717,000 after acquiring an additional 2,076,134 shares in the last quarter. Raymond James Financial Inc. acquired a new position in EOG Resources in the 4th quarter worth $171,193,000. Charles Schwab Investment Management Inc. increased its holdings in EOG Resources by 4.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 18,192,314 shares of the energy exploration company’s stock worth $2,230,014,000 after purchasing an additional 781,282 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in shares of EOG Resources by 577.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 696,596 shares of the energy exploration company’s stock valued at $85,389,000 after purchasing an additional 593,823 shares during the period. 89.91% of the stock is currently owned by institutional investors.

EOG Resources Stock Performance

Shares of EOG stock opened at $110.39 on Friday. EOG Resources, Inc. has a 52 week low of $109.20 and a 52 week high of $139.67. The company has a market capitalization of $60.88 billion, a price-to-earnings ratio of 8.89, a PEG ratio of 3.58 and a beta of 0.93. The company has a 50-day simple moving average of $127.14 and a 200 day simple moving average of $127.80. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Friday, February 28th. The energy exploration company reported $2.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.55 by $0.19. The company had revenue of $5.59 billion during the quarter, compared to analysts’ expectations of $5.96 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. On average, sell-side analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be issued a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date of this dividend is Wednesday, April 16th. EOG Resources’s dividend payout ratio is 34.73%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on EOG shares. Williams Trading set a $154.00 price objective on EOG Resources in a report on Wednesday, March 5th. Bank of America reaffirmed a “neutral” rating and set a $144.00 price target (down from $151.00) on shares of EOG Resources in a research note on Monday, January 13th. Benchmark reissued a “hold” rating on shares of EOG Resources in a research report on Monday, January 13th. Raymond James raised their target price on shares of EOG Resources from $167.00 to $175.00 and gave the company a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, Piper Sandler cut their price target on shares of EOG Resources from $141.00 to $135.00 and set a “neutral” rating on the stock in a research report on Thursday, March 6th. Thirteen research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $144.67.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total transaction of $515,767.12. Following the transaction, the chief operating officer now owns 47,732 shares in the company, valued at $6,098,240.32. This represents a 7.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.20% of the company’s stock.

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.