Lavaca Capital LLC Buys 115 Shares of EOG Resources, Inc. (NYSE:EOG)

Lavaca Capital LLC increased its stake in EOG Resources, Inc. (NYSE:EOG) by 0.9% during the first quarter, Holdings Channel.com reports. The firm owned 12,543 shares of the energy exploration company’s stock after purchasing an additional 115 shares during the quarter. Lavaca Capital LLC’s holdings in EOG Resources were worth $1,439,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of EOG. Ossiam raised its holdings in EOG Resources by 1,206.7% in the 4th quarter. Ossiam now owns 196 shares of the energy exploration company’s stock worth $25,000 after purchasing an additional 181 shares during the period. Pinnacle Holdings LLC bought a new position in EOG Resources in the 1st quarter worth $25,000. Kalos Management Inc. bought a new position in EOG Resources in the 1st quarter worth $27,000. Fortis Capital Advisors LLC bought a new stake in EOG Resources during the fourth quarter valued at about $28,000. Finally, Lumature Wealth Partners LLC bought a new stake in EOG Resources during the first quarter valued at about $28,000. 89.21% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Stifel Nicolaus raised their price objective on EOG Resources from $143.00 to $159.00 and gave the company a “buy” rating in a research report on Friday, August 18th. TD Securities lifted their price target on EOG Resources from $125.00 to $135.00 and gave the stock a “hold” rating in a research report on Friday, August 4th. Wells Fargo & Company dropped their price target on EOG Resources from $154.00 to $152.00 and set an “overweight” rating for the company in a research report on Friday, September 1st. Piper Sandler lifted their price target on EOG Resources from $156.00 to $157.00 and gave the stock an “overweight” rating in a research report on Monday, August 14th. Finally, Tudor, Pickering, Holt & Co. lowered EOG Resources from a “buy” rating to a “hold” rating in a research report on Thursday, August 24th. Six research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $148.13.

Insider Activity

In other EOG Resources news, EVP Jeffrey R. Leitzell sold 2,031 shares of the company’s stock in a transaction on Friday, July 7th. The shares were sold at an average price of $117.26, for a total value of $238,155.06. Following the sale, the executive vice president now directly owns 37,607 shares of the company’s stock, valued at $4,409,796.82. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other EOG Resources news, COO Lloyd W. Helms, Jr. sold 4,551 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $130.76, for a total value of $595,088.76. Following the sale, the chief operating officer now directly owns 145,259 shares of the company’s stock, valued at $18,994,066.84. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Jeffrey R. Leitzell sold 2,031 shares of the company’s stock in a transaction dated Friday, July 7th. The stock was sold at an average price of $117.26, for a total transaction of $238,155.06. Following the completion of the transaction, the executive vice president now owns 37,607 shares of the company’s stock, valued at approximately $4,409,796.82. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company’s stock.

EOG Resources Stock Performance

Shares of EOG traded up $1.18 during trading hours on Friday, reaching $132.73. 2,398,264 shares of the company traded hands, compared to its average volume of 1,962,947. The stock has a market capitalization of $77.28 billion, a P/E ratio of 8.94, a P/E/G ratio of 0.41 and a beta of 1.57. The company has a quick ratio of 2.02, a current ratio of 2.39 and a debt-to-equity ratio of 0.14. EOG Resources, Inc. has a 12-month low of $98.52 and a 12-month high of $150.88. The business has a fifty day moving average price of $126.55 and a 200-day moving average price of $118.12.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, August 3rd. The energy exploration company reported $2.49 earnings per share for the quarter, beating analysts’ consensus estimates of $2.28 by $0.21. The firm had revenue of $5.57 billion for the quarter, compared to analyst estimates of $4.74 billion. EOG Resources had a net margin of 33.58% and a return on equity of 28.52%. The business’s quarterly revenue was down 24.8% compared to the same quarter last year. During the same period in the previous year, the company earned $2.74 earnings per share. Equities analysts anticipate that EOG Resources, Inc. will post 11.08 EPS for the current fiscal year.

EOG Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Tuesday, October 17th will be issued a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend is Monday, October 16th. EOG Resources’s dividend payout ratio (DPR) is presently 22.24%.

About EOG Resources

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, and natural gas and natural gas liquids. Its principal producing areas are in New Mexico and Texas in the United States; and the Republic of Trinidad and Tobago. The company was formerly known as Enron Oil & Gas Company.