Lifestyle Asset Management Inc. Has $1.03 Million Stock Position in EOG Resources, Inc. (NYSE:EOG)

Lifestyle Asset Management Inc. decreased its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 7.5% during the 1st quarter, HoldingsChannel.com reports. The firm owned 8,058 shares of the energy exploration company’s stock after selling 649 shares during the period. Lifestyle Asset Management Inc.’s holdings in EOG Resources were worth $1,030,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of EOG. Federated Hermes Inc. grew its position in EOG Resources by 3.1% in the 3rd quarter. Federated Hermes Inc. now owns 9,812 shares of the energy exploration company’s stock worth $1,244,000 after purchasing an additional 292 shares during the last quarter. Jones Financial Companies Lllp grew its position in EOG Resources by 21.5% in the 3rd quarter. Jones Financial Companies Lllp now owns 571 shares of the energy exploration company’s stock worth $72,000 after purchasing an additional 101 shares during the last quarter. Lazard Asset Management LLC grew its position in EOG Resources by 36.3% in the 3rd quarter. Lazard Asset Management LLC now owns 47,812 shares of the energy exploration company’s stock worth $6,060,000 after purchasing an additional 12,726 shares during the last quarter. Truist Financial Corp grew its position in EOG Resources by 8.5% in the 3rd quarter. Truist Financial Corp now owns 171,742 shares of the energy exploration company’s stock worth $21,770,000 after purchasing an additional 13,382 shares during the last quarter. Finally, Glenmede Trust Co. NA grew its position in EOG Resources by 2.5% in the 3rd quarter. Glenmede Trust Co. NA now owns 10,201 shares of the energy exploration company’s stock worth $1,293,000 after purchasing an additional 246 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Price Performance

Shares of NYSE EOG traded up $0.13 during trading on Wednesday, reaching $126.78. The company had a trading volume of 1,814,107 shares, compared to its average volume of 3,261,107. EOG Resources, Inc. has a 52 week low of $108.94 and a 52 week high of $139.67. The stock has a market cap of $72.86 billion, a PE ratio of 10.04, a PEG ratio of 1.75 and a beta of 1.30. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.05 and a current ratio of 2.32. The business’s 50 day moving average price is $125.96 and its 200-day moving average price is $122.53.

EOG Resources (NYSE:EOG) last announced its earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.70 by $0.12. EOG Resources had a net margin of 30.33% and a return on equity of 24.83%. The company had revenue of $6.12 billion during the quarter, compared to the consensus estimate of $5.91 billion. During the same period in the previous year, the firm posted $2.69 earnings per share. The company’s revenue was up 1.3% on a year-over-year basis. Analysts expect that EOG Resources, Inc. will post 12.06 earnings per share for the current year.

EOG Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 2.87%. The ex-dividend date of this dividend is Wednesday, July 17th. EOG Resources’s dividend payout ratio is 28.75%.

Insider Transactions at EOG Resources

In other news, CEO Ezra Y. Yacob sold 4,729 shares of EOG Resources stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $129.31, for a total transaction of $611,506.99. Following the completion of the sale, the chief executive officer now owns 150,474 shares in the company, valued at approximately $19,457,792.94. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO Ezra Y. Yacob sold 4,729 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $129.31, for a total transaction of $611,506.99. Following the completion of the transaction, the chief executive officer now owns 150,474 shares in the company, valued at $19,457,792.94. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Lloyd W. Helms, Jr. sold 1,296 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $130.27, for a total transaction of $168,829.92. Following the transaction, the president now owns 161,109 shares of the company’s stock, valued at approximately $20,987,669.43. 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 quarter. 0.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

EOG has been the topic of several research analyst reports. Piper Sandler raised their price target on shares of EOG Resources from $153.00 to $154.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 14th. StockNews.com raised shares of EOG Resources from a “hold” rating to a “buy” rating in a report on Thursday, May 9th. Scotiabank downgraded shares of EOG Resources from a “sector outperform” rating to a “sector perform” rating and raised their price objective for the stock from $135.00 to $155.00 in a report on Thursday, April 11th. Citigroup raised their price objective on shares of EOG Resources from $124.00 to $130.00 and gave the stock a “neutral” rating in a report on Friday, May 24th. Finally, Barclays initiated 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. Thirteen equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, EOG Resources presently has an average rating of “Hold” and a consensus target price of $143.19.

EOG Resources 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.