Trexquant Investment LP Purchases 151,134 Shares of EOG Resources, Inc. (NYSE:EOG)

Trexquant Investment LP increased its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 234.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 215,686 shares of the energy exploration company's stock after acquiring an additional 151,134 shares during the period. Trexquant Investment LP's holdings in EOG Resources were worth $26,439,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Financial Life Planners acquired a new position in shares of EOG Resources during the fourth quarter worth approximately $25,000. Y.D. More Investments Ltd boosted its holdings in EOG Resources by 149.4% in the fourth quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company's stock valued at $25,000 after acquiring an additional 121 shares during the last quarter. Mainstream Capital Management LLC acquired a new stake in EOG Resources in the fourth quarter worth about $25,000. Decker Retirement Planning Inc. bought a new stake in EOG Resources during the 4th quarter worth about $27,000. Finally, Keystone Financial Group Inc. acquired a new position in EOG Resources during the 4th quarter valued at about $27,000. 89.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Bank of America reiterated a "neutral" rating and set a $144.00 price target (down previously from $151.00) on shares of EOG Resources in a research report on Monday, January 13th. Mizuho reiterated 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. Williams Trading set a $154.00 price target on EOG Resources in a research report on Wednesday, March 5th. JPMorgan Chase & Co. dropped their price objective on EOG Resources from $149.00 to $132.00 and set a "neutral" rating for the company in a report on Thursday, March 13th. Finally, Barclays cut their target price on EOG Resources from $146.00 to $144.00 and set an "equal weight" rating on the stock in a research note on Tuesday, March 18th. Thirteen 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. According to MarketBeat.com, EOG Resources currently has an average rating of "Hold" and an average target price of $144.67.

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Insider Activity at EOG Resources

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 transaction of $515,767.12. Following the sale, the chief operating officer now owns 47,732 shares of the company's stock, valued at $6,098,240.32. This represents a 7.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.20% of the stock is owned by company insiders.

EOG Resources Stock Down 7.9 %

Shares of EOG Resources stock traded down $9.50 during trading on Friday, reaching $110.39. The stock had a trading volume of 8,834,102 shares, compared to its average volume of 3,121,488. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $60.88 billion, a price-to-earnings ratio of 8.89, a P/E/G ratio of 3.58 and a beta of 0.93. EOG Resources, Inc. has a 52 week low of $109.20 and a 52 week high of $139.67. The stock has a fifty day moving average price of $127.14 and a two-hundred day moving average price of $127.83.

EOG Resources (NYSE:EOG - Get Free Report) last released 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. 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 the consensus estimate of $5.96 billion. Sell-side analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current fiscal 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 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 of this dividend is Wednesday, April 16th. EOG Resources's payout ratio is 34.73%.

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.