Frank Rimerman Advisors LLC Grows Stock Position in EOG Resources, Inc. (NYSE:EOG)

Frank Rimerman Advisors LLC grew its position in EOG Resources, Inc. (NYSE:EOG) by 23.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,411 shares of the energy exploration company’s stock after purchasing an additional 657 shares during the period. Frank Rimerman Advisors LLC’s holdings in EOG Resources were worth $418,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Financial Life Planners acquired a new position in shares of EOG Resources in the fourth quarter valued at about $25,000. Y.D. More Investments Ltd increased its holdings in shares of EOG Resources by 149.4% in the fourth quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock valued at $25,000 after purchasing an additional 121 shares during the period. Mainstream Capital Management LLC acquired a new position in shares of EOG Resources in the fourth quarter valued at about $25,000. Decker Retirement Planning Inc. acquired a new position in shares of EOG Resources in the fourth quarter valued at about $27,000. Finally, Keystone Financial Group Inc. acquired a new position in shares of EOG Resources in the fourth quarter valued at about $27,000. 89.91% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total transaction of $483,560.00. Following the transaction, the chief operating officer now owns 42,703 shares in the company, valued at approximately $5,162,365.67. This trade represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts recently commented on EOG shares. Truist Financial raised their target price on EOG Resources from $135.00 to $137.00 and gave the stock a “hold” rating in a report on Monday, January 13th. JPMorgan Chase & Co. dropped their target price on EOG Resources from $149.00 to $132.00 and set a “neutral” rating on the stock in a report on Thursday. Barclays dropped their target price on EOG Resources from $148.00 to $146.00 and set an “equal weight” rating on the stock in a report on Friday, February 28th. Mizuho dropped their target price on EOG Resources from $156.00 to $148.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. Finally, Raymond James raised 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. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, EOG Resources currently has an average rating of “Hold” and an average price target of $145.86.

EOG Resources Stock Performance

NYSE EOG opened at $124.04 on Monday. The company has a market cap of $68.71 billion, a PE ratio of 9.99, a price-to-earnings-growth ratio of 3.58 and a beta of 1.25. The stock’s 50 day simple moving average is $129.55 and its 200-day simple moving average is $127.60. EOG Resources, Inc. has a 1-year low of $115.78 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.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Friday, February 28th. The energy exploration company reported $2.74 EPS for the quarter, topping analysts’ consensus estimates of $2.55 by $0.19. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The firm had revenue of $5.59 billion for the quarter, compared to the consensus estimate of $5.96 billion. As a group, equities research analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be given a dividend of $0.975 per share. The ex-dividend date is Wednesday, April 16th. This represents a $3.90 dividend on an annualized basis and a yield of 3.14%. EOG Resources’s payout ratio is 34.73%.

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.