EOG Resources, Inc. (NYSE:EOG) Shares Bought by Capital International Inc. CA

Capital International Inc. CA grew its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 31.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 269,594 shares of the energy exploration company's stock after acquiring an additional 64,766 shares during the quarter. Capital International Inc. CA's holdings in EOG Resources were worth $33,047,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of EOG. World Investment Advisors LLC acquired a new position in EOG Resources during the 3rd quarter valued at approximately $730,000. Mountain Lake Investment Management LLC purchased a new position in shares of EOG Resources in the fourth quarter worth about $735,000. Oak Ridge Investments LLC lifted its holdings in shares of EOG Resources by 5.9% during the fourth quarter. Oak Ridge Investments LLC now owns 41,274 shares of the energy exploration company's stock worth $5,059,000 after purchasing an additional 2,311 shares during the period. Tobam purchased a new stake in EOG Resources in the fourth quarter valued at approximately $352,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in EOG Resources by 161.8% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,487 shares of the energy exploration company's stock worth $550,000 after buying an additional 2,773 shares during the period. Hedge funds and other institutional investors own 89.91% of the company's stock.

Insiders Place Their Bets

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of the stock in a transaction that occurred 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 completion of the sale, the chief operating officer now owns 47,732 shares of the company's stock, valued at approximately $6,098,240.32. This trade represents a 7.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.13% of the company's stock.

EOG Resources Price Performance

Shares of EOG traded up $1.39 during trading hours on Thursday, hitting $112.96. 1,009,714 shares of the stock were exchanged, compared to its average volume of 3,229,227. The stock's 50-day moving average price is $121.19 and its two-hundred day moving average price is $126.04. EOG Resources, Inc. has a 12-month low of $102.52 and a 12-month high of $138.18. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The company has a market cap of $62.30 billion, a price-to-earnings ratio of 9.10, a price-to-earnings-growth ratio of 3.58 and a beta of 0.93.

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

EOG Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be paid a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date is Wednesday, April 16th. EOG Resources's dividend payout ratio (DPR) is 34.73%.

Wall Street Analyst Weigh In

EOG has been the topic of a number of research reports. Truist Financial increased their price objective on shares of EOG Resources from $135.00 to $137.00 and gave the stock a "hold" rating in a research note on Monday, January 13th. Mizuho reiterated a "neutral" rating and set a $140.00 price objective (down previously from $148.00) on shares of EOG Resources in a research note on Tuesday, March 25th. Morgan Stanley lowered their target price on EOG Resources from $142.00 to $136.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 27th. Bank of America reiterated a "neutral" rating and set a $144.00 price target (down from $151.00) on shares of EOG Resources in a research report on Monday, January 13th. Finally, StockNews.com lowered EOG Resources from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. Twelve 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 company. According to MarketBeat, EOG Resources has an average rating of "Hold" and an average price target of $143.00.

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.