4,200 Shares in EOG Resources, Inc. (NYSE:EOG) Purchased by Denali Advisors LLC

Denali Advisors LLC acquired a new position in EOG Resources, Inc. (NYSE:EOG - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,200 shares of the energy exploration company's stock, valued at approximately $515,000.

Other large investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its position in EOG Resources by 0.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 17,411,032 shares of the energy exploration company's stock valued at $2,140,338,000 after buying an additional 75,194 shares during the period. Geode Capital Management LLC increased its stake in EOG Resources by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 12,315,735 shares of the energy exploration company's stock valued at $1,513,446,000 after purchasing an additional 180,755 shares in the last quarter. Franklin Resources Inc. grew its stake in EOG Resources by 64.7% during the 3rd quarter. Franklin Resources Inc. now owns 5,284,228 shares of the energy exploration company's stock valued at $694,717,000 after purchasing an additional 2,076,134 shares during the last quarter. Pacer Advisors Inc. boosted its position in EOG Resources by 5.0% in the fourth quarter. Pacer Advisors Inc. now owns 4,469,142 shares of the energy exploration company's stock valued at $547,827,000 after buying an additional 214,497 shares during the last quarter. Finally, Yacktman Asset Management LP raised its holdings in shares of EOG Resources by 10.3% during the fourth quarter. Yacktman Asset Management LP now owns 1,807,065 shares of the energy exploration company's stock worth $221,510,000 after purchasing an additional 168,723 shares during the last quarter. 89.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Wolfe Research upgraded EOG Resources from a "peer perform" rating to an "outperform" rating and set a $143.00 price objective on the stock in a research report on Friday, January 3rd. StockNews.com downgraded shares of EOG Resources from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. Barclays cut their target price on EOG Resources from $148.00 to $146.00 and set an "equal weight" rating for the company in a research note on Friday. Benchmark reiterated a "hold" rating on shares of EOG Resources in a report on Monday, January 13th. Finally, Piper Sandler lifted their target price on shares of EOG Resources from $140.00 to $141.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. Twelve research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, EOG Resources has a consensus rating of "Moderate Buy" and a consensus price target of $145.30.

Insider Activity at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the business's stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total transaction of $483,560.00. Following the sale, the chief operating officer now owns 42,703 shares of the company's stock, valued at $5,162,365.67. The trade was a 8.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.30% of the company's stock.

EOG Resources Stock Down 2.8 %

EOG traded down $3.62 on Friday, reaching $126.99. The company's stock had a trading volume of 6,868,662 shares, compared to its average volume of 2,926,389. 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, Inc. has a fifty-two week low of $113.83 and a fifty-two week high of $139.67. The company has a market capitalization of $71.43 billion, a price-to-earnings ratio of 10.22, a P/E/G ratio of 3.58 and a beta of 1.27. The stock has a 50 day moving average of $129.30 and a two-hundred day moving average of $127.89.

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 analysts' consensus estimates of $2.55 by $0.19. The firm had revenue of $5.59 billion during the quarter, compared to analysts' expectations of $5.96 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. As a group, analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Announces Dividend

The company 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 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 3.07%. EOG Resources's dividend payout ratio is currently 31.40%.

EOG Resources announced that its Board of Directors has initiated a stock repurchase plan on Thursday, November 7th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the energy exploration company to buy up to 7% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's board of directors believes its shares are undervalued.

EOG Resources 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.