QRG Capital Management Inc. Has $11.83 Million Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

QRG Capital Management Inc. boosted its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 66.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 96,491 shares of the energy exploration company's stock after purchasing an additional 38,373 shares during the period. QRG Capital Management Inc.'s holdings in EOG Resources were worth $11,828,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Pallas Capital Advisors LLC raised its holdings in EOG Resources by 5.1% in the third quarter. Pallas Capital Advisors LLC now owns 2,089 shares of the energy exploration company's stock worth $260,000 after buying an additional 101 shares during the last quarter. Pinnacle Associates Ltd. lifted its position in shares of EOG Resources by 0.3% during the 3rd quarter. Pinnacle Associates Ltd. now owns 36,889 shares of the energy exploration company's stock valued at $4,462,000 after buying an additional 113 shares in the last quarter. Tevis Investment Management boosted its position in shares of EOG Resources by 0.7% in the third quarter. Tevis Investment Management now owns 15,932 shares of the energy exploration company's stock worth $1,958,000 after purchasing an additional 118 shares during the period. HM Payson & Co. lifted its position in shares of EOG Resources by 203.7% in the third quarter. HM Payson & Co. now owns 328 shares of the energy exploration company's stock valued at $40,000 after acquiring an additional 220 shares in the last quarter. Finally, United Asset Strategies Inc. grew its holdings in EOG Resources by 12.4% during the 3rd quarter. United Asset Strategies Inc. now owns 6,072 shares of the energy exploration company's stock valued at $746,000 after buying an additional 669 shares in the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

EOG Resources Stock Down 5.2 %

Shares of EOG Resources stock traded down $6.66 on Monday, hitting $120.28. 7,431,012 shares of the company's stock traded hands, compared to its average volume of 3,038,883. The stock has a market cap of $67.65 billion, a P/E ratio of 9.68, a PEG 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, Inc. has a 52-week low of $115.40 and a 52-week high of $139.67. The firm's 50-day moving average is $129.30 and its 200 day moving average is $127.90.

EOG Resources (NYSE:EOG - Get Free Report) last announced its quarterly earnings data 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. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The business had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.96 billion. Equities analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

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

EOG Resources Announces Dividend

The business also recently declared 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 of this dividend is Wednesday, April 16th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.24%. EOG Resources's dividend payout ratio (DPR) is 31.40%.

Insider Transactions at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total value of $483,560.00. Following the transaction, the chief operating officer now directly owns 42,703 shares of the company's stock, valued at $5,162,365.67. This trade represents a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.30% of the company's stock.

Wall Street Analysts Forecast Growth

EOG has been the subject of a number of analyst reports. Barclays lowered their price target on shares of EOG Resources from $148.00 to $146.00 and set an "equal weight" rating for the company in a report on Friday. Royal Bank of Canada raised shares of EOG Resources from a "sector perform" rating to an "outperform" rating and upped their price objective for the stock from $150.00 to $155.00 in a research note on Wednesday, February 12th. Wolfe Research raised EOG Resources from a "peer perform" rating to an "outperform" rating and set a $143.00 price objective on the stock in a research report on Friday, January 3rd. Citigroup upped their price target on EOG Resources from $127.00 to $134.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 26th. Finally, Mizuho lowered their price objective on shares of EOG Resources from $156.00 to $148.00 and set an "outperform" rating for the company in a research note on Monday, December 16th. Twelve research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $145.80.

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.