Oxford Asset Management LLP Makes New Investment in EOG Resources, Inc. (NYSE:EOG)

Oxford Asset Management LLP purchased a new position in EOG Resources, Inc. (NYSE:EOG - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 12,433 shares of the energy exploration company's stock, valued at approximately $1,524,000. EOG Resources comprises 0.8% of Oxford Asset Management LLP's investment portfolio, making the stock its 15th largest position.

Other large investors also recently bought and sold shares of the company. Financial Life Planners bought a new position in EOG Resources during the fourth quarter valued at $25,000. Y.D. More Investments Ltd increased its position in EOG Resources by 149.4% during 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 bought a new position in EOG Resources during the fourth quarter valued at $25,000. Decker Retirement Planning Inc. bought a new position in EOG Resources during the fourth quarter valued at $27,000. Finally, Keystone Financial Group Inc. bought a new position in EOG Resources during the fourth quarter valued at $27,000. Institutional investors own 89.91% of the company's stock.

EOG Resources Stock Down 1.0 %

Shares of EOG stock traded down $1.15 during mid-day trading on Tuesday, hitting $112.99. 2,323,636 shares of the stock traded hands, compared to its average volume of 3,231,199. The stock's fifty day moving average is $120.10 and its two-hundred day moving average is $125.56. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. EOG Resources, Inc. has a 52-week low of $102.52 and a 52-week high of $138.18. The stock has a market cap of $62.32 billion, a P/E ratio of 9.10, a P/E/G ratio of 3.58 and a beta of 0.93.

EOG Resources (NYSE:EOG - Get Free Report) last announced its earnings results 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 during the quarter, compared to the consensus estimate of $5.96 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. Equities analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Dividend Announcement

The firm 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 annualized dividend and a yield of 3.45%. The ex-dividend date is Wednesday, April 16th. EOG Resources's dividend payout ratio is currently 34.73%.

Insider Activity at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of the company's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total transaction of $515,767.12. Following the transaction, the chief operating officer now directly owns 47,732 shares of the company's stock, valued at $6,098,240.32. This represents a 7.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. KeyCorp cut their price objective on shares of EOG Resources from $150.00 to $140.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. Scotiabank upgraded shares of EOG Resources from a "sector perform" rating to a "sector outperform" rating and cut their price target for the stock from $150.00 to $130.00 in a report on Friday, April 11th. Piper Sandler cut their price target on shares of EOG Resources from $135.00 to $133.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Benchmark restated a "hold" rating on shares of EOG Resources in a report on Monday, January 13th. Finally, Truist Financial upped their price target on shares of EOG Resources from $135.00 to $137.00 and gave the stock a "hold" rating in a report on Monday, January 13th. Twelve research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $141.25.

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.