O Shaughnessy Asset Management LLC Acquires 83,695 Shares of EOG Resources, Inc. (NYSE:EOG)

O Shaughnessy Asset Management LLC increased its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 78.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 190,287 shares of the energy exploration company's stock after purchasing an additional 83,695 shares during the period. O Shaughnessy Asset Management LLC's holdings in EOG Resources were worth $23,325,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Wealthfront Advisers LLC boosted its stake in shares of EOG Resources by 4,642.2% during the 4th quarter. Wealthfront Advisers LLC now owns 2,852,238 shares of the energy exploration company's stock worth $349,627,000 after acquiring an additional 2,792,092 shares in the last quarter. Franklin Resources Inc. boosted its position in EOG Resources by 64.7% during the third quarter. Franklin Resources Inc. now owns 5,284,228 shares of the energy exploration company's stock worth $694,717,000 after purchasing an additional 2,076,134 shares during the period. Raymond James Financial Inc. acquired a new position in EOG Resources during the fourth quarter valued at approximately $171,193,000. Charles Schwab Investment Management Inc. raised its position in shares of EOG Resources by 4.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 18,192,314 shares of the energy exploration company's stock valued at $2,230,014,000 after purchasing an additional 781,282 shares during the period. Finally, Assenagon Asset Management S.A. lifted its stake in shares of EOG Resources by 577.8% in 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 buying an additional 593,823 shares during the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

Several research analysts recently commented on EOG shares. StockNews.com downgraded shares of EOG Resources from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Barclays dropped their price objective 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. Benchmark restated a "hold" rating on shares of EOG Resources in a research note on Monday, January 13th. Truist Financial lifted their price target on EOG Resources from $135.00 to $137.00 and gave the stock a "hold" rating in a research report on Monday, January 13th. Finally, Citigroup reduced their price objective on EOG Resources from $134.00 to $125.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. 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 stock. According to data from MarketBeat.com, EOG Resources presently has a consensus rating of "Hold" and an average target price of $144.67.

EOG Resources Price Performance

NYSE EOG traded up $1.02 during trading on Tuesday, reaching $129.26. 1,926,383 shares of the company traded hands, compared to its average volume of 3,099,855. EOG Resources, Inc. has a 1-year low of $115.78 and a 1-year high of $139.67. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The stock's 50 day moving average price is $127.93 and its two-hundred day moving average price is $127.92. The company has a market cap of $71.60 billion, a price-to-earnings ratio of 10.41, a P/E/G ratio of 3.58 and a beta of 1.25.

EOG Resources (NYSE:EOG - Get Free Report) last announced its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share for the quarter, beating analysts' consensus estimates of $2.55 by $0.19. The firm had revenue of $5.59 billion for the quarter, compared to analysts' expectations of $5.96 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. As a group, analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

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 given a dividend of $0.975 per share. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date of this dividend is Wednesday, April 16th. EOG Resources's dividend payout ratio (DPR) is currently 34.73%.

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.