Axxcess Wealth Management LLC Acquires 2,960 Shares of EOG Resources, Inc. (NYSE:EOG)

Axxcess Wealth Management LLC raised its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 19.5% in the first quarter, Holdings Channel.com reports. The institutional investor owned 18,132 shares of the energy exploration company’s stock after buying an additional 2,960 shares during the quarter. Axxcess Wealth Management LLC’s holdings in EOG Resources were worth $2,318,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Freestone Capital Holdings LLC increased its position in shares of EOG Resources by 13.7% during the 1st quarter. Freestone Capital Holdings LLC now owns 23,595 shares of the energy exploration company’s stock valued at $3,016,000 after purchasing an additional 2,840 shares during the last quarter. CreativeOne Wealth LLC grew its position in EOG Resources by 142.0% during the first quarter. CreativeOne Wealth LLC now owns 11,297 shares of the energy exploration company’s stock valued at $1,444,000 after buying an additional 6,628 shares during the period. Delap Wealth Advisory LLC purchased a new stake in EOG Resources during the first quarter valued at approximately $236,000. Vident Advisory LLC raised its position in EOG Resources by 2.3% in the first quarter. Vident Advisory LLC now owns 52,984 shares of the energy exploration company’s stock worth $6,774,000 after acquiring an additional 1,214 shares during the period. Finally, Fayez Sarofim & Co boosted its stake in shares of EOG Resources by 3.7% during the 1st quarter. Fayez Sarofim & Co now owns 1,320,186 shares of the energy exploration company’s stock worth $168,773,000 after acquiring an additional 47,468 shares during the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Michael P. Donaldson sold 2,685 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $130.29, for a total transaction of $349,828.65. Following the completion of the transaction, the executive vice president now owns 109,040 shares in the company, valued at approximately $14,206,821.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, EVP Michael P. Donaldson sold 2,685 shares of the business’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $130.29, for a total transaction of $349,828.65. Following the transaction, the executive vice president now directly owns 109,040 shares in the company, valued at approximately $14,206,821.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, 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 transaction, the chief operating officer now directly owns 39,054 shares in the company, valued at $5,079,753.78. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,512 shares of company stock worth $2,144,972. Corporate insiders own 0.30% of the company’s stock.

EOG Resources Stock Up 0.1 %

EOG stock traded up $0.11 during trading on Friday, hitting $127.15. 2,214,272 shares of the company’s stock traded hands, compared to its average volume of 3,188,579. The firm has a market capitalization of $73.07 billion, a P/E ratio of 9.96, a PEG ratio of 2.20 and a beta of 1.30. EOG Resources, Inc. has a 1 year low of $108.94 and a 1 year high of $139.67. The company has a quick ratio of 2.05, a current ratio of 2.32 and a debt-to-equity ratio of 0.13. The business has a fifty day simple moving average of $124.79 and a two-hundred day simple moving average of $123.22.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.70 by $0.12. The business had revenue of $6.12 billion for the quarter, compared to the consensus estimate of $5.91 billion. EOG Resources had a return on equity of 24.83% and a net margin of 30.33%. The business’s revenue was up 1.3% compared to the same quarter last year. During the same period last year, the business posted $2.69 EPS. Sell-side analysts anticipate that EOG Resources, Inc. will post 12.1 EPS for the current year.

EOG Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 2.86%. The ex-dividend date of this dividend is Wednesday, July 17th. EOG Resources’s payout ratio is 28.75%.

Wall Street Analyst Weigh In

Several research firms have recently commented on EOG. JPMorgan Chase & Co. raised their price objective on EOG Resources from $134.00 to $141.00 and gave the stock a “neutral” rating in a research note on Thursday, March 28th. Piper Sandler raised their target price on shares of EOG Resources from $153.00 to $154.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 14th. Bank of America reaffirmed a “buy” rating and set a $151.00 price target on shares of EOG Resources in a report on Friday, June 14th. Susquehanna increased their price objective on shares of EOG Resources from $147.00 to $155.00 and gave the stock a “positive” rating in a research note on Monday, April 22nd. Finally, Stifel Nicolaus lowered their target price on shares of EOG Resources from $153.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, April 23rd. Fifteen research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, EOG Resources presently has an average rating of “Hold” and an average price target of $143.20.

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.