EOG Resources, Inc. (NYSE:EOG) Stake Boosted by First Trust Advisors LP

First Trust Advisors LP raised its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 12.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,823,131 shares of the energy exploration company's stock after purchasing an additional 311,252 shares during the quarter. First Trust Advisors LP owned 0.50% of EOG Resources worth $346,059,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. World Investment Advisors LLC bought a new stake in shares of EOG Resources in the third quarter worth $730,000. Mountain Lake Investment Management LLC bought a new stake in shares of EOG Resources in the 4th quarter worth about $735,000. Oak Ridge Investments LLC increased its position in shares of EOG Resources by 5.9% in the 4th 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 last quarter. Tobam acquired a new stake in shares of EOG Resources in the 4th quarter valued at about $352,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of EOG Resources by 161.8% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,487 shares of the energy exploration company's stock worth $550,000 after purchasing an additional 2,773 shares during the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Benchmark restated a "hold" rating on shares of EOG Resources in a research note on Monday, January 13th. Scotiabank raised EOG Resources from a "sector perform" rating to a "sector outperform" rating and dropped their price target for the company from $150.00 to $130.00 in a research report on Friday, April 11th. Truist Financial lifted their price objective on shares of EOG Resources from $135.00 to $137.00 and gave the stock a "hold" rating in a report on Monday, January 13th. Citigroup dropped their target price on shares of EOG Resources from $134.00 to $125.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. Finally, Mizuho reaffirmed a "neutral" rating and issued a $140.00 price target (down from $148.00) on shares of EOG Resources in a report on Tuesday, March 25th. Twelve equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, EOG Resources has an average rating of "Hold" and a consensus price target of $143.00.

EOG Resources Price Performance

Shares of EOG Resources stock traded up $1.86 on Thursday, hitting $113.43. The company had a trading volume of 776,449 shares, compared to its average volume of 3,683,589. EOG Resources, Inc. has a 52 week low of $102.52 and a 52 week high of $138.18. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. The company has a market cap of $62.56 billion, a PE ratio of 9.14, a PEG ratio of 3.58 and a beta of 0.93. The business has a 50-day simple moving average of $121.19 and a 200-day simple moving average of $126.04.

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, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $5.96 billion. Research analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently announced 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. This represents a $3.90 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date of this dividend is Wednesday, April 16th. EOG Resources's payout ratio is currently 34.73%.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of EOG Resources stock in a transaction that occurred 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 transaction, the chief operating officer now owns 47,732 shares in the company, 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 SEC, which can be accessed through this hyperlink. 0.13% of the stock is owned by company insiders.

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.