OneAscent Financial Services LLC Purchases New Stake in EOG Resources, Inc. (NYSE:EOG)

OneAscent Financial Services LLC acquired a new position in shares of EOG Resources, Inc. (NYSE:EOG) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,936 shares of the energy exploration company’s stock, valued at approximately $237,000.

Several other hedge funds have also recently bought and sold shares of EOG. Hilltop Holdings Inc. increased its stake in EOG Resources by 93.9% in the third quarter. Hilltop Holdings Inc. now owns 4,695 shares of the energy exploration company’s stock valued at $577,000 after acquiring an additional 2,274 shares during the last quarter. Integrated Wealth Concepts LLC increased its stake in shares of EOG Resources by 9.4% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 4,495 shares of the energy exploration company’s stock valued at $553,000 after purchasing an additional 387 shares during the last quarter. IHT Wealth Management LLC raised its holdings in shares of EOG Resources by 28.7% during the 3rd quarter. IHT Wealth Management LLC now owns 4,940 shares of the energy exploration company’s stock worth $610,000 after buying an additional 1,101 shares in the last quarter. Royal London Asset Management Ltd. lifted its position in shares of EOG Resources by 2.6% during the 3rd quarter. Royal London Asset Management Ltd. now owns 271,452 shares of the energy exploration company’s stock worth $33,370,000 after buying an additional 6,940 shares during the last quarter. Finally, Quarry LP boosted its stake in EOG Resources by 1,004.5% in the third quarter. Quarry LP now owns 729 shares of the energy exploration company’s stock valued at $90,000 after buying an additional 663 shares in the last quarter. 89.91% of the stock is owned by institutional investors.

EOG Resources Stock Down 7.9 %

Shares of NYSE:EOG opened at $110.39 on Friday. EOG Resources, Inc. has a 1 year low of $109.20 and a 1 year high of $139.67. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. The business’s 50-day moving average is $127.14 and its 200-day moving average is $127.80. The company has a market capitalization of $60.88 billion, a price-to-earnings ratio of 8.89, a P/E/G ratio of 3.58 and a beta of 0.93.

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

EOG Resources Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date of this dividend is Wednesday, April 16th. EOG Resources’s payout ratio is 34.73%.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total value of $515,767.12. Following the completion of the sale, the chief operating officer now directly owns 47,732 shares in the company, valued at $6,098,240.32. This trade represents a 7.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on EOG. Raymond James increased their target price on shares of 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 cut their target price on shares of EOG Resources from $165.00 to $160.00 and set a “buy” rating on the stock in a research report on Tuesday, March 4th. Barclays decreased their target price on shares of EOG Resources from $146.00 to $144.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 18th. StockNews.com cut EOG Resources from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Finally, JPMorgan Chase & Co. reduced their price objective on EOG Resources from $149.00 to $132.00 and set a “neutral” rating on the stock in a research report on Thursday, March 13th. Thirteen investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $144.67.

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.