Sendero Wealth Management LLC Raises Stock Position in EOG Resources, Inc. (NYSE:EOG)

Sendero Wealth Management LLC grew its holdings in EOG Resources, Inc. (NYSE:EOG) by 23.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,376 shares of the energy exploration company’s stock after buying an additional 5,067 shares during the period. Sendero Wealth Management LLC’s holdings in EOG Resources were worth $3,372,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in EOG. McIlrath & Eck LLC grew its stake in shares of EOG Resources by 77.6% in the 3rd quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company’s stock worth $30,000 after buying an additional 104 shares in the last quarter. Exchange Traded Concepts LLC grew its stake in shares of EOG Resources by 530.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock worth $30,000 after buying an additional 212 shares in the last quarter. Sachetta LLC purchased a new position in shares of EOG Resources in the 4th quarter worth $33,000. Hall Laurie J Trustee bought a new stake in shares of EOG Resources in the 4th quarter worth about $36,000. Finally, Keener Financial Planning LLC bought a new stake in shares of EOG Resources in the 4th quarter worth about $36,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

EOG Resources Stock Performance

Shares of EOG stock traded up $1.32 during trading hours on Friday, hitting $125.87. The company’s stock had a trading volume of 4,027,569 shares, compared to its average volume of 3,286,895. The company has a 50 day moving average of $126.28 and a 200 day moving average of $122.38. The stock has a market cap of $72.34 billion, a PE ratio of 9.94, a price-to-earnings-growth ratio of 1.73 and a beta of 1.32. The company has a current ratio of 2.32, a quick ratio of 2.05 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a 12-month low of $108.94 and a 12-month high of $139.67.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Thursday, May 2nd. The energy exploration company reported $2.82 EPS for the quarter, beating the consensus estimate 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 net margin of 30.33% and a return on equity of 24.83%. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.69 EPS. On average, sell-side analysts forecast that EOG Resources, Inc. will post 11.99 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 2.89%. The ex-dividend date is Wednesday, July 17th. EOG Resources’s dividend payout ratio is currently 28.75%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on EOG. StockNews.com upgraded shares of EOG Resources from a “hold” rating to a “buy” rating in a report on Thursday, May 9th. JPMorgan Chase & Co. raised their target price on shares of EOG Resources from $134.00 to $141.00 and gave the stock a “neutral” rating in a report on Thursday, March 28th. Stifel Nicolaus decreased their price objective on shares of EOG Resources from $153.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday, April 23rd. Barclays started coverage on shares of EOG Resources in a report on Wednesday, April 10th. They set an “equal weight” rating and a $144.00 price objective for the company. Finally, Citigroup lifted their price objective on shares of EOG Resources from $124.00 to $130.00 and gave the company a “neutral” rating in a report on Friday, May 24th. Thirteen equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $143.19.

Insider Activity at EOG Resources

In related news, EVP Michael P. Donaldson sold 2,685 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $130.29, for a total value of $349,828.65. Following the completion of the transaction, the executive vice president now directly 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 accessible through the SEC website. In related news, EVP Michael P. Donaldson sold 2,685 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $130.29, for a total value of $349,828.65. Following the completion of the transaction, the executive vice president now directly 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 accessible through the SEC website. Also, CEO Ezra Y. Yacob sold 4,729 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $129.31, for a total transaction of $611,506.99. Following the transaction, the chief executive officer now owns 150,474 shares of the company’s stock, valued at $19,457,792.94. The disclosure for this sale can be found here. Insiders sold a total of 16,512 shares of company stock worth $2,144,972 in the last three months. Company insiders own 0.30% of the company’s stock.

EOG Resources Company 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.