Lockerman Financial Group Inc. Purchases 247 Shares of EOG Resources, Inc. (NYSE:EOG)

Lockerman Financial Group Inc. lifted its holdings in EOG Resources, Inc. (NYSE:EOG) by 11.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,372 shares of the energy exploration company’s stock after purchasing an additional 247 shares during the quarter. Lockerman Financial Group Inc.’s holdings in EOG Resources were worth $292,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Centaurus Financial Inc. bought a new position in shares of EOG Resources in the 4th quarter valued at about $570,000. Syon Capital LLC increased its position in shares of EOG Resources by 10.4% during the 4th quarter. Syon Capital LLC now owns 4,303 shares of the energy exploration company’s stock valued at $520,000 after purchasing an additional 405 shares during the last quarter. EP Wealth Advisors LLC raised its holdings in EOG Resources by 11.4% during the 4th quarter. EP Wealth Advisors LLC now owns 6,539 shares of the energy exploration company’s stock valued at $791,000 after buying an additional 669 shares during the period. SageView Advisory Group LLC lifted its position in EOG Resources by 19.8% in the fourth quarter. SageView Advisory Group LLC now owns 10,166 shares of the energy exploration company’s stock worth $1,187,000 after buying an additional 1,680 shares during the last quarter. Finally, ICA Group Wealth Management LLC bought a new position in EOG Resources during the fourth quarter valued at $121,000. Institutional investors own 89.91% of the company’s stock.

Insider Activity

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $126.48, for a total transaction of $505,920.00. Following the transaction, the chief operating officer now directly owns 35,058 shares of the company’s stock, valued at $4,434,135.84. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, Director Charles R. Crisp sold 6,500 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total value of $816,400.00. Following the transaction, the director now directly owns 60,892 shares of the company’s stock, valued at approximately $7,648,035.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $126.48, for a total value of $505,920.00. Following the sale, the chief operating officer now directly owns 35,058 shares of the company’s stock, valued at $4,434,135.84. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,537 shares of company stock worth $2,751,612. Insiders own 0.30% of the company’s stock.

EOG Resources Stock Down 3.2 %

EOG stock traded down $4.19 during trading on Tuesday, reaching $127.28. 2,923,274 shares of the company traded hands, compared to its average volume of 3,188,540. The business has a 50 day simple moving average of $126.05 and a 200 day simple moving average of $127.17. EOG Resources, Inc. has a 12 month low of $108.94 and a 12 month high of $139.67. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.89 and a current ratio of 2.12. The company has a market capitalization of $73.15 billion, a price-to-earnings ratio of 10.38, a price-to-earnings-growth ratio of 3.38 and a beta of 1.28.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.98 by $0.18. EOG Resources had a net margin of 30.33% and a return on equity of 25.42%. The firm had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $6.07 billion. During the same quarter in the previous year, the firm earned $2.49 EPS. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, equities research analysts anticipate that EOG Resources, Inc. will post 11.83 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date is Thursday, October 17th. EOG Resources’s payout ratio is presently 28.75%.

Wall Street Analysts Forecast Growth

EOG has been the subject of a number of recent analyst reports. KeyCorp initiated coverage on shares of EOG Resources in a research note on Thursday, June 27th. They set an “overweight” rating and a $157.00 price target for the company. Susquehanna cut their target price on EOG Resources from $159.00 to $158.00 and set a “positive” rating on the stock in a research note on Wednesday, September 4th. Evercore ISI reduced their price target on EOG Resources from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Monday, September 30th. Royal Bank of Canada restated a “sector perform” rating and set a $145.00 price objective on shares of EOG Resources in a report on Monday. Finally, Piper Sandler reduced their target price on EOG Resources from $154.00 to $147.00 and set an “overweight” rating on the stock in a research note on Thursday, August 15th. Fourteen investment 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 stock. According to MarketBeat, EOG Resources has a consensus rating of “Hold” and a consensus target price of $141.55.

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.