Diametric Capital LP Takes Position in EOG Resources, Inc. (NYSE:EOG)

Diametric Capital LP acquired a new stake in EOG Resources, Inc. (NYSE:EOG - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 7,413 shares of the energy exploration company's stock, valued at approximately $909,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Financial Life Planners bought a new position in EOG Resources in the fourth quarter worth approximately $25,000. Y.D. More Investments Ltd grew its position in shares of EOG Resources by 149.4% during the 4th quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company's stock worth $25,000 after buying an additional 121 shares in the last quarter. Mainstream Capital Management LLC purchased a new position in shares of EOG Resources during the fourth quarter valued at $25,000. Decker Retirement Planning Inc. bought a new stake in shares of EOG Resources in the fourth quarter valued at about $27,000. Finally, Keystone Financial Group Inc. purchased a new position in EOG Resources during the 4th quarter valued at about $27,000. 89.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on EOG shares. StockNews.com downgraded EOG Resources from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. Wells Fargo & Company cut their price objective on shares of EOG Resources from $150.00 to $146.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. Mizuho reissued a "neutral" rating and set a $140.00 target price (down previously from $148.00) on shares of EOG Resources in a research report on Tuesday, March 25th. Raymond James lifted their price target on shares of EOG Resources from $167.00 to $175.00 and gave the stock a "strong-buy" rating in a report on Thursday, January 23rd. Finally, Benchmark reiterated a "hold" rating on shares of EOG Resources in a report on Monday, January 13th. Thirteen investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, EOG Resources currently has a consensus rating of "Hold" and an average target price of $144.67.

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Insider Activity at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of EOG Resources 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 completion of the transaction, the chief operating officer now owns 47,732 shares of the company's stock, valued at approximately $6,098,240.32. The trade was a 7.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.20% of the company's stock.

EOG Resources Stock Performance

EOG traded down $9.50 during midday trading on Friday, hitting $110.39. 8,834,102 shares of the company were exchanged, compared to its average volume of 3,121,488. The company's 50 day simple moving average is $127.14 and its 200 day simple moving average is $127.83. The firm has a market capitalization of $60.88 billion, a price-to-earnings ratio of 8.89, a price-to-earnings-growth ratio of 3.58 and a beta of 0.93. EOG Resources, Inc. has a 1-year low of $109.20 and a 1-year high of $139.67. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13.

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

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be issued a dividend of $0.975 per share. This represents a $3.90 annualized dividend and a dividend yield of 3.53%. The ex-dividend date is Wednesday, April 16th. EOG Resources's dividend payout ratio (DPR) 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.