Martingale Asset Management L P Purchases 48,981 Shares of EOG Resources, Inc. (NYSE:EOG)

Martingale Asset Management L P boosted its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 31.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 202,627 shares of the energy exploration company's stock after buying an additional 48,981 shares during the quarter. Martingale Asset Management L P's holdings in EOG Resources were worth $24,838,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Integrated Wealth Concepts LLC raised its holdings in shares of EOG Resources by 9.4% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 4,495 shares of the energy exploration company's stock worth $553,000 after purchasing an additional 387 shares in the last quarter. EP Wealth Advisors LLC lifted its position in shares of EOG Resources by 179.5% during the 3rd quarter. EP Wealth Advisors LLC now owns 17,737 shares of the energy exploration company's stock valued at $2,180,000 after acquiring an additional 11,391 shares during the last quarter. Orion Portfolio Solutions LLC boosted its stake in shares of EOG Resources by 2.6% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 30,567 shares of the energy exploration company's stock worth $3,758,000 after acquiring an additional 779 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of EOG Resources in the 3rd quarter worth $516,000. Finally, Brophy Wealth Management LLC acquired a new stake in shares of EOG Resources during the third quarter worth $702,000. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources Stock Performance

NYSE EOG traded down $1.51 during trading on Monday, hitting $107.03. The company's stock had a trading volume of 979,142 shares, compared to its average volume of 3,676,837. EOG Resources, Inc. has a 52 week low of $102.52 and a 52 week high of $138.18. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The firm has a market cap of $59.03 billion, a P/E ratio of 8.62, a price-to-earnings-growth ratio of 3.58 and a beta of 0.93. The firm has a 50 day moving average price of $124.28 and a 200 day moving average price of $127.02.

EOG Resources (NYSE:EOG - Get Free Report) last posted its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share (EPS) for the quarter, topping 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%. Equities research analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be given a dividend of $0.975 per share. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date of this dividend is Wednesday, April 16th. EOG Resources's dividend payout ratio is presently 34.73%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on EOG. StockNews.com cut EOG Resources from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. Wolfe Research upgraded shares of EOG Resources from a "peer perform" rating to an "outperform" rating and set a $143.00 price target on the stock in a report on Friday, January 3rd. Piper Sandler decreased their price objective on shares of EOG Resources from $141.00 to $135.00 and set a "neutral" rating for the company in a research note on Thursday, March 6th. UBS Group decreased their target price on EOG Resources from $165.00 to $160.00 and set a "buy" rating for the company in a research report on Tuesday, March 4th. Finally, Mizuho reissued a "neutral" rating and set a $140.00 price target (down from $148.00) on shares of EOG Resources in a research report on Tuesday, March 25th. Twelve analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, EOG Resources presently has a consensus rating of "Moderate Buy" and an average price target of $144.19.

Insider Buying and Selling

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of the company's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total value 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. The trade was a 7.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.30% 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.