EOG Resources, Inc. (NYSE:EOG) Shares Bought by Criterion Capital Advisors LLC

Criterion Capital Advisors LLC grew its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 31.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,443 shares of the energy exploration company’s stock after purchasing an additional 3,421 shares during the period. EOG Resources makes up about 1.2% of Criterion Capital Advisors LLC’s portfolio, making the stock its 23rd biggest holding. Criterion Capital Advisors LLC’s holdings in EOG Resources were worth $1,846,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Norway Savings Bank increased its stake in EOG Resources by 7.3% during the 1st quarter. Norway Savings Bank now owns 6,975 shares of the energy exploration company’s stock valued at $892,000 after purchasing an additional 475 shares in the last quarter. Asio Capital LLC grew its holdings in shares of EOG Resources by 2.4% during the first quarter. Asio Capital LLC now owns 23,625 shares of the energy exploration company’s stock valued at $3,020,000 after buying an additional 557 shares during the last quarter. Capital Insight Partners LLC increased its position in shares of EOG Resources by 42.1% in the 1st quarter. Capital Insight Partners LLC now owns 4,114 shares of the energy exploration company’s stock valued at $526,000 after acquiring an additional 1,218 shares during the period. Tevis Investment Management raised its stake in EOG Resources by 16.8% in the 1st quarter. Tevis Investment Management now owns 13,227 shares of the energy exploration company’s stock worth $1,691,000 after acquiring an additional 1,907 shares during the last quarter. Finally, Norwood Financial Corp purchased a new stake in EOG Resources during the 1st quarter valued at about $37,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analysts Set New Price Targets

EOG has been the subject of a number of research reports. Morgan Stanley lifted their target price on EOG Resources from $132.00 to $133.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. Stifel Nicolaus dropped their price objective on shares of EOG Resources from $153.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, April 23rd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $145.00 price target on shares of EOG Resources in a report on Tuesday, April 9th. Truist Financial lowered EOG Resources from a “buy” rating to a “hold” rating and reduced their price objective for the company from $163.00 to $136.00 in a research note on Thursday, May 16th. Finally, Citigroup upped their target price on EOG Resources from $124.00 to $130.00 and gave the stock a “neutral” rating in a research note on Friday, May 24th. Thirteen research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $143.19.

EOG Resources Price Performance

Shares of EOG traded up $1.32 during mid-day trading on Friday, hitting $125.87. 4,029,396 shares of the company were exchanged, compared to its average volume of 2,784,269. 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, Inc. has a 1-year low of $108.94 and a 1-year high of $139.67. The stock has a market cap of $72.34 billion, a price-to-earnings ratio of 9.94, a price-to-earnings-growth ratio of 1.73 and a beta of 1.32. The company has a 50 day moving average of $126.28 and a 200-day moving average of $122.38.

EOG Resources (NYSE:EOG) last issued its earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 EPS for the quarter, beating analysts’ consensus estimates of $2.70 by $0.12. EOG Resources had a net margin of 30.33% and a return on equity of 24.83%. The business had revenue of $6.12 billion during the quarter, compared to analysts’ expectations of $5.91 billion. During the same period in the prior year, the business earned $2.69 earnings per share. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. Analysts expect that EOG Resources, Inc. will post 11.99 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be paid a dividend of $0.91 per share. The ex-dividend date of this dividend is Wednesday, July 17th. This represents a $3.64 annualized dividend and a yield of 2.89%. EOG Resources’s dividend payout ratio (DPR) is 28.75%.

Insider Activity at EOG Resources

In other EOG Resources news, President Lloyd W. Helms, Jr. sold 1,296 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $130.27, for a total transaction of $168,829.92. Following the completion of the transaction, the president now owns 161,109 shares of the company’s stock, valued at $20,987,669.43. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, COO Jeffrey R. Leitzell sold 7,802 shares of EOG Resources stock in a transaction that occurred on 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 completion of the transaction, the chief operating officer now owns 39,054 shares in the company, valued at $5,079,753.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Lloyd W. Helms, Jr. sold 1,296 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $130.27, for a total transaction of $168,829.92. Following the sale, the president now directly owns 161,109 shares in the company, valued at $20,987,669.43. 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. Company insiders own 0.30% of the company’s stock.

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.