RBA Wealth Management LLC Purchases 972 Shares of EOG Resources, Inc. (NYSE:EOG)

RBA Wealth Management LLC boosted its holdings in EOG Resources, Inc. (NYSE:EOG) by 6.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,900 shares of the energy exploration company’s stock after buying an additional 972 shares during the period. RBA Wealth Management LLC’s holdings in EOG Resources were worth $2,160,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. McIlrath & Eck LLC raised its holdings in EOG Resources by 77.6% in the third quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company’s stock worth $30,000 after purchasing an additional 104 shares during the period. Exchange Traded Concepts LLC raised its holdings in EOG Resources by 530.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock worth $30,000 after purchasing an additional 212 shares during the period. Sachetta LLC acquired a new stake in EOG Resources in the fourth quarter worth $33,000. Norwood Financial Corp acquired a new stake in EOG Resources in the first quarter worth $37,000. Finally, Hall Laurie J Trustee acquired a new stake in EOG Resources in the fourth quarter worth $36,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, President Lloyd W. Helms, Jr. sold 1,296 shares of EOG Resources stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $130.27, for a total transaction of $168,829.92. Following the completion of the sale, the president now owns 161,109 shares of the company’s stock, valued at approximately $20,987,669.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, President Lloyd W. Helms, Jr. sold 1,296 shares of EOG Resources stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $130.27, for a total transaction of $168,829.92. Following the completion of the sale, the president now owns 161,109 shares of the company’s stock, valued at approximately $20,987,669.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Jeffrey R. Leitzell sold 7,802 shares of EOG Resources stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $130.07, for a total transaction of $1,014,806.14. Following the sale, the chief operating officer now directly owns 39,054 shares of the company’s stock, valued at approximately $5,079,753.78. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,512 shares of company stock valued at $2,144,972. Company insiders own 0.20% of the company’s stock.

EOG Resources Stock Performance

Shares of EOG traded up $0.12 during midday trading on Thursday, reaching $126.77. The stock had a trading volume of 1,814,117 shares, compared to its average volume of 2,633,219. The firm has a 50 day simple moving average of $125.79 and a 200-day simple moving average of $122.56. EOG Resources, Inc. has a one year low of $108.94 and a one year high of $139.67. The firm has a market cap of $72.86 billion, a PE ratio of 10.01, a P/E/G ratio of 1.75 and a beta of 1.30. The company has a current ratio of 2.32, a quick ratio of 2.05 and a debt-to-equity ratio of 0.13.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, May 2nd. The energy exploration company reported $2.82 EPS for the quarter, beating 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 quarter last year, the firm posted $2.69 EPS. The company’s quarterly revenue was up 1.3% on a year-over-year basis. As a group, sell-side analysts anticipate that EOG Resources, Inc. will post 12.06 EPS for the current year.

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be issued 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 is Wednesday, July 17th. EOG Resources’s payout ratio is 28.75%.

Wall Street Analysts Forecast Growth

EOG has been the topic of several analyst reports. Bank of America reiterated a “buy” rating and issued a $151.00 target price on shares of EOG Resources in a report on Friday, June 14th. Susquehanna raised their price objective on shares of EOG Resources from $147.00 to $155.00 and gave the stock a “positive” rating in a report on Monday, April 22nd. Morgan Stanley raised their price objective on shares of EOG Resources from $132.00 to $133.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. Scotiabank lowered 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. Finally, StockNews.com upgraded shares of EOG Resources from a “hold” rating to a “buy” rating in a report on Thursday, May 9th. Thirteen equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $143.19.

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.