Parallel Advisors LLC Acquires 96 Shares of EOG Resources, Inc. (NYSE:EOG)

Parallel Advisors LLC boosted its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 1.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,172 shares of the energy exploration company’s stock after purchasing an additional 96 shares during the quarter. Parallel Advisors LLC’s holdings in EOG Resources were worth $879,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Financial Life Planners bought a new stake in EOG Resources in the 4th quarter worth approximately $25,000. Y.D. More Investments Ltd increased its stake in EOG Resources by 149.4% in the 4th quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock worth $25,000 after acquiring an additional 121 shares during the last quarter. Mainstream Capital Management LLC bought a new stake in EOG Resources in the 4th quarter worth approximately $25,000. Decker Retirement Planning Inc. bought a new stake in EOG Resources in the 4th quarter worth approximately $27,000. Finally, Keystone Financial Group Inc. bought a new stake in EOG Resources in the 4th quarter worth approximately $27,000. Institutional investors own 89.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on EOG. Williams Trading set a $154.00 price objective on EOG Resources in a research note on Wednesday, March 5th. Piper Sandler reduced their price objective on EOG Resources from $141.00 to $135.00 and set a “neutral” rating on the stock in a research note on Thursday, March 6th. Raymond James lifted their target price on EOG Resources from $167.00 to $175.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 23rd. UBS Group dropped their target price on EOG Resources from $165.00 to $160.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. Finally, Benchmark reiterated a “hold” rating on shares of EOG Resources in a report on Monday, January 13th. Twelve research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $145.33.

EOG Resources Price Performance

Shares of EOG stock opened at $125.02 on Thursday. EOG Resources, Inc. has a twelve month low of $115.78 and a twelve month high of $139.67. The stock has a market capitalization of $69.25 billion, a price-to-earnings ratio of 10.07, a P/E/G ratio of 3.58 and a beta of 1.25. The stock has a fifty day simple moving average of $129.32 and a two-hundred day simple moving average of $127.49. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13.

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

EOG Resources Dividend Announcement

The company also recently announced 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 annualized dividend and a dividend yield of 3.12%. The ex-dividend date is Wednesday, April 16th. EOG Resources’s dividend payout ratio is 34.73%.

Insiders Place Their Bets

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total value of $483,560.00. Following the completion of the transaction, the chief operating officer now directly owns 42,703 shares of the company’s stock, valued at approximately $5,162,365.67. The trade was a 8.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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.