Los Angeles Capital Management LLC Purchases 9,047 Shares of EOG Resources, Inc. (NYSE:EOG)

Los Angeles Capital Management LLC increased its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 40.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,148 shares of the energy exploration company's stock after acquiring an additional 9,047 shares during the period. Los Angeles Capital Management LLC's holdings in EOG Resources were worth $3,818,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Franklin Resources Inc. raised its position in shares of 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 acquiring an additional 2,076,134 shares during the last quarter. Fisher Asset Management LLC raised its holdings in EOG Resources by 856.7% in the third quarter. Fisher Asset Management LLC now owns 1,200,851 shares of the energy exploration company's stock worth $147,621,000 after purchasing an additional 1,075,334 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of EOG Resources by 577.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 696,596 shares of the energy exploration company's stock worth $85,389,000 after purchasing an additional 593,823 shares in the last quarter. Empower Advisory Group LLC increased its position in shares of EOG Resources by 21,218.1% in the 4th quarter. Empower Advisory Group LLC now owns 352,602 shares of the energy exploration company's stock valued at $43,222,000 after buying an additional 350,948 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in EOG Resources by 42.8% during the 3rd quarter. Victory Capital Management Inc. now owns 1,113,429 shares of the energy exploration company's stock worth $136,874,000 after buying an additional 333,947 shares during the period. 89.91% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction 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 approximately $5,162,365.67. This trade represents a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.30% of the company's stock.

EOG Resources Stock Performance

EOG traded down $6.66 during trading hours on Monday, reaching $120.28. The company's stock had a trading volume of 7,430,946 shares, compared to its average volume of 3,038,530. The company's 50-day moving average is $129.30 and its 200-day moving average is $127.90. EOG Resources, Inc. has a 52 week low of $115.40 and a 52 week high of $139.67. The firm has a market cap of $67.65 billion, a PE ratio of 9.68, a price-to-earnings-growth ratio of 3.58 and a beta of 1.27. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31.

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 for the quarter, beating the consensus estimate of $2.55 by $0.19. The company had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.96 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. On average, equities analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources announced that its Board of Directors has initiated a share buyback program on Thursday, November 7th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the energy exploration company to reacquire up to 7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board of directors believes its stock is undervalued.

EOG Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be given a dividend of $0.975 per share. The ex-dividend date is Wednesday, April 16th. This represents a $3.90 annualized dividend and a yield of 3.24%. EOG Resources's dividend payout ratio (DPR) is presently 31.40%.

Wall Street Analysts Forecast Growth

Several analysts have commented on EOG shares. Bank of America restated a "neutral" rating and set a $144.00 target price (down from $151.00) on shares of EOG Resources in a report on Monday, January 13th. Benchmark reaffirmed a "hold" rating on shares of EOG Resources in a research report on Monday, January 13th. Morgan Stanley lowered their target price on EOG Resources from $143.00 to $142.00 and set an "equal weight" rating for the company in a report on Monday. Mizuho cut their price target on EOG Resources from $156.00 to $148.00 and set an "outperform" rating on the stock in a report on Monday, December 16th. Finally, StockNews.com downgraded EOG Resources from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Twelve equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, EOG Resources currently has a consensus rating of "Moderate Buy" and an average price target 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.