Aware Super Pty Ltd as trustee of Aware Super Makes New Investment in EOG Resources, Inc. (NYSE:EOG)

Aware Super Pty Ltd as trustee of Aware Super bought a new stake in EOG Resources, Inc. (NYSE:EOG - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 48,031 shares of the energy exploration company's stock, valued at approximately $5,888,000.

A number of other institutional investors also recently bought and sold shares of the business. Canada Post Corp Registered Pension Plan acquired a new position in EOG Resources during the fourth quarter valued at $4,906,000. XTX Topco Ltd purchased a new stake in shares of EOG Resources in the fourth quarter worth about $2,477,000. Belpointe Asset Management LLC grew its holdings in EOG Resources by 8.5% during the fourth quarter. Belpointe Asset Management LLC now owns 18,480 shares of the energy exploration company's stock worth $2,381,000 after acquiring an additional 1,455 shares during the period. Mariner LLC lifted its holdings in EOG Resources by 7.5% in the fourth quarter. Mariner LLC now owns 111,571 shares of the energy exploration company's stock valued at $13,676,000 after acquiring an additional 7,763 shares during the period. Finally, SageView Advisory Group LLC boosted its position in EOG Resources by 2.3% in the 4th quarter. SageView Advisory Group LLC now owns 10,196 shares of the energy exploration company's stock worth $1,250,000 after purchasing an additional 233 shares in the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Piper Sandler dropped their price target on shares of EOG Resources from $141.00 to $135.00 and set a "neutral" rating on the stock in a research report on Thursday, March 6th. Wells Fargo & Company cut their price target on EOG Resources from $150.00 to $146.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. Benchmark reiterated a "hold" rating on shares of EOG Resources in a research report on Monday, January 13th. Morgan Stanley reduced their target price on EOG Resources from $142.00 to $136.00 and set an "equal weight" rating for the company in a research note on Thursday, March 27th. Finally, StockNews.com lowered shares of EOG Resources from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Twelve analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $144.19.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total value of $515,767.12. Following the sale, the chief operating officer now directly owns 47,732 shares in the company, valued at $6,098,240.32. This trade represents a 7.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is owned by corporate insiders.

EOG Resources Trading Up 2.1 %

NYSE:EOG traded up $2.29 during trading hours on Friday, reaching $110.53. 5,905,407 shares of the stock were exchanged, compared to its average volume of 3,230,400. EOG Resources, Inc. has a twelve month low of $102.52 and a twelve month high of $138.18. 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 50-day moving average of $122.29 and a two-hundred day moving average of $126.45. The company has a market capitalization of $60.96 billion, a price-to-earnings ratio of 8.90, a PEG ratio of 3.58 and a beta of 0.93.

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 (EPS) 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 business had revenue of $5.59 billion for the quarter, compared to analysts' expectations of $5.96 billion. On average, equities analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be paid a dividend of $0.975 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $3.90 annualized dividend and a yield of 3.53%. 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.