Fisher Asset Management LLC Acquires 19,724 Shares of EOG Resources, Inc. (NYSE:EOG)

Fisher Asset Management LLC increased its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 1.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,220,575 shares of the energy exploration company's stock after buying an additional 19,724 shares during the quarter. Fisher Asset Management LLC owned about 0.22% of EOG Resources worth $149,618,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of EOG. SVB Wealth LLC acquired a new position in EOG Resources in the fourth quarter worth approximately $7,837,000. Parkside Financial Bank & Trust boosted its stake in shares of EOG Resources by 23.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 4,948 shares of the energy exploration company's stock worth $607,000 after acquiring an additional 931 shares in the last quarter. Hilltop Partners LLC grew its holdings in shares of EOG Resources by 5.6% in the 4th quarter. Hilltop Partners LLC now owns 7,403 shares of the energy exploration company's stock worth $907,000 after acquiring an additional 391 shares during the last quarter. Fort Sheridan Advisors LLC acquired a new stake in shares of EOG Resources during the fourth quarter worth $310,000. Finally, Generali Investments Towarzystwo Funduszy Inwestycyjnych lifted its holdings in shares of EOG Resources by 18.2% during the fourth quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 1,300 shares of the energy exploration company's stock valued at $159,000 after purchasing an additional 200 shares during the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

Insider Activity at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the company'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 completion of the sale, the chief operating officer now owns 42,703 shares of the company's stock, valued at $5,162,365.67. This represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.30% of the stock is owned by company insiders.

EOG Resources Stock Down 4.4 %

EOG stock traded down $5.57 during trading hours on Monday, hitting $121.38. The company's stock had a trading volume of 3,633,554 shares, compared to its average volume of 2,918,729. The stock has a 50 day moving average price of $129.30 and a two-hundred day moving average price of $127.90. EOG Resources, Inc. has a 12 month low of $115.40 and a 12 month high of $139.67. The company has a market capitalization of $68.27 billion, a PE ratio of 9.77, a price-to-earnings-growth ratio of 3.58 and a beta of 1.27. 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 (NYSE:EOG - Get Free Report) last issued its quarterly earnings data 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 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%. On average, equities research analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources announced that its board has initiated a stock buyback program on Thursday, November 7th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the energy exploration company to repurchase up to 7% of its shares through open market purchases. Shares buyback programs are often an indication that the company's management believes its shares are undervalued.

EOG Resources Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date of this dividend is Wednesday, April 16th. EOG Resources's dividend payout ratio is 31.40%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Morgan Stanley dropped their price target on EOG Resources from $143.00 to $142.00 and set an "equal weight" rating on the stock in a research note on Monday. Piper Sandler lifted their target price on shares of EOG Resources from $140.00 to $141.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. Truist Financial upped their price target on shares of EOG Resources from $135.00 to $137.00 and gave the company a "hold" rating in a research report on Monday, January 13th. Royal Bank of Canada raised shares of EOG Resources from a "sector perform" rating to an "outperform" rating and raised their price objective for the stock from $150.00 to $155.00 in a research note on Wednesday, February 12th. Finally, Bank of America reissued a "neutral" rating and set a $144.00 target price (down from $151.00) on shares of EOG Resources in a research note on Monday, January 13th. Twelve analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $145.80.

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.