Rahlfs Capital LLC Invests $1.11 Million in EOG Resources, Inc. (NYSE:EOG)

Rahlfs Capital LLC purchased a new position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 9,040 shares of the energy exploration company's stock, valued at approximately $1,108,000. EOG Resources comprises approximately 1.0% of Rahlfs Capital LLC's portfolio, making the stock its 27th biggest holding.

A number of other hedge funds have also recently modified their holdings of the business. Hilltop Holdings Inc. increased its position in EOG Resources by 93.9% in the third quarter. Hilltop Holdings Inc. now owns 4,695 shares of the energy exploration company's stock worth $577,000 after buying an additional 2,274 shares in the last quarter. Integrated Wealth Concepts LLC raised its position in EOG Resources by 9.4% during the third quarter. Integrated Wealth Concepts LLC now owns 4,495 shares of the energy exploration company's stock valued at $553,000 after purchasing an additional 387 shares during the period. IHT Wealth Management LLC lifted its position in EOG Resources by 28.7% in the third quarter. IHT Wealth Management LLC now owns 4,940 shares of the energy exploration company's stock worth $610,000 after buying an additional 1,101 shares during the last quarter. Royal London Asset Management Ltd. grew its holdings in EOG Resources by 2.6% during the 3rd quarter. Royal London Asset Management Ltd. now owns 271,452 shares of the energy exploration company's stock valued at $33,370,000 after purchasing an additional 6,940 shares during the last quarter. Finally, Quarry LP raised its holdings in shares of EOG Resources by 1,004.5% in the third quarter. Quarry LP now owns 729 shares of the energy exploration company's stock worth $90,000 after buying an additional 663 shares during the period. Institutional investors own 89.91% of the company's stock.

Remove Ads

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on EOG shares. JPMorgan Chase & Co. decreased their price objective on shares of EOG Resources from $149.00 to $132.00 and set a "neutral" rating for the company in a report on Thursday, March 13th. UBS Group reduced their price objective on EOG Resources from $165.00 to $160.00 and set a "buy" rating on the stock in a report on Tuesday, March 4th. Raymond James upped 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. Barclays lowered their price objective on shares of EOG Resources from $146.00 to $144.00 and set an "equal weight" rating for the company in a research note on Tuesday, March 18th. Finally, Wolfe Research raised shares of EOG Resources from a "peer perform" rating to an "outperform" rating and set a $143.00 price target for the company in a research report on Friday, January 3rd. Thirteen equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, EOG Resources has a consensus rating of "Hold" and a consensus price target of $144.67.

EOG Resources Stock Performance

Shares of EOG traded down $9.72 during trading hours on Thursday, reaching $104.33. 5,174,607 shares of the company traded hands, compared to its average volume of 3,185,825. EOG Resources, Inc. has a 12-month low of $102.54 and a 12-month high of $139.67. The stock has a market capitalization of $57.54 billion, a P/E ratio of 8.38, a P/E/G ratio of 3.58 and a beta of 0.93. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The business has a fifty day moving average price of $125.11 and a 200-day moving average price of $127.25.

EOG Resources (NYSE:EOG - Get Free Report) last issued 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 the consensus estimate of $5.96 billion. Equities analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be given a dividend of $0.975 per share. This represents a $3.90 annualized dividend and a yield of 3.74%. The ex-dividend date of this dividend is Wednesday, April 16th. EOG Resources's dividend payout ratio is currently 34.73%.

Insider Activity at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of the business's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total transaction of $515,767.12. Following the completion of the sale, the chief operating officer now owns 47,732 shares of the company's stock, valued at $6,098,240.32. The trade was a 7.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.30% of the stock is owned by company insiders.

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.