CenterBook Partners LP Makes New Investment in EOG Resources, Inc. (NYSE:EOG)

CenterBook Partners LP bought a new position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 19,738 shares of the energy exploration company's stock, valued at approximately $2,419,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Wealthfront Advisers LLC grew its stake in EOG Resources by 4,642.2% in the 4th quarter. Wealthfront Advisers LLC now owns 2,852,238 shares of the energy exploration company's stock worth $349,627,000 after buying an additional 2,792,092 shares in the last quarter. Franklin Resources Inc. increased its stake in EOG Resources by 64.7% in the third quarter. Franklin Resources Inc. now owns 5,284,228 shares of the energy exploration company's stock valued at $694,717,000 after acquiring an additional 2,076,134 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in EOG Resources during the fourth quarter valued at about $171,193,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of EOG Resources by 4.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 18,192,314 shares of the energy exploration company's stock worth $2,230,014,000 after purchasing an additional 781,282 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of EOG Resources by 486.6% during the 4th quarter. Renaissance Technologies LLC now owns 726,200 shares of the energy exploration company's stock valued at $89,018,000 after purchasing an additional 602,400 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company's stock.

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EOG Resources Price Performance

NYSE EOG traded down $0.91 during trading on Monday, hitting $107.63. 4,020,185 shares of the stock traded hands, compared to its average volume of 3,208,634. The company has a market capitalization of $59.36 billion, a P/E ratio of 8.67, a price-to-earnings-growth ratio of 3.58 and a beta of 0.93. EOG Resources, Inc. has a 12-month low of $102.52 and a 12-month high of $138.18. The firm has a 50-day simple moving average of $124.28 and a 200-day simple moving average of $127.02. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13.

EOG Resources (NYSE:EOG - Get Free Report) last announced its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share for the quarter, topping the consensus estimate of $2.55 by $0.19. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The company had revenue of $5.59 billion for the quarter, compared to analysts' expectations of $5.96 billion. As a group, analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors 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 dividend yield of 3.62%. The ex-dividend date of this dividend is Wednesday, April 16th. EOG Resources's payout ratio is 34.73%.

Wall Street Analyst Weigh In

EOG has been the topic of a number of recent research reports. Barclays reduced their price target on shares of EOG Resources from $146.00 to $144.00 and set an "equal weight" rating on the stock in a research report on Tuesday, March 18th. Truist Financial lifted their target price on shares of EOG Resources from $135.00 to $137.00 and gave the stock a "hold" rating in a research report on Monday, January 13th. Williams Trading set a $154.00 price objective on EOG Resources in a research note on Wednesday, March 5th. JPMorgan Chase & Co. lowered their target price on EOG Resources from $149.00 to $132.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. Finally, Raymond James lifted their price target on EOG Resources from $167.00 to $175.00 and gave the stock a "strong-buy" rating in a research note on Thursday, January 23rd. Twelve analysts have rated the stock with a hold rating, nine have issued 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 "Moderate Buy" and a consensus price target of $144.19.

Insider Buying and Selling

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total value of $515,767.12. Following the sale, the chief operating officer now owns 47,732 shares of the company's stock, valued at approximately $6,098,240.32. This represents a 7.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.30% of the stock is currently owned by company insiders.

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.