Qtron Investments LLC lifted its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 17.8% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 17,041 shares of the energy exploration company's stock after buying an additional 2,570 shares during the period. Qtron Investments LLC's holdings in EOG Resources were worth $2,089,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Financial Life Planners purchased a new position in shares of EOG Resources during the 4th quarter worth about $25,000. Y.D. More Investments Ltd raised its stake 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 worth $25,000 after purchasing an additional 121 shares during the period. Mainstream Capital Management LLC acquired a new position in shares of EOG Resources in the 4th quarter valued at $25,000. Decker Retirement Planning Inc. purchased a new stake in shares of EOG Resources during the 4th quarter valued at $27,000. Finally, Keystone Financial Group Inc. acquired a new stake in shares of EOG Resources during the 4th quarter worth $27,000. Institutional investors and hedge funds own 89.91% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have issued reports on EOG. JPMorgan Chase & Co. lowered their price target on EOG Resources from $149.00 to $132.00 and set a "neutral" rating for the company in a research report on Thursday, March 13th. Royal Bank of Canada raised shares of EOG Resources from a "sector perform" rating to an "outperform" rating and increased their target price for the stock from $150.00 to $155.00 in a research report on Wednesday, February 12th. Mizuho reaffirmed 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. Morgan Stanley decreased their price objective on shares of EOG Resources from $142.00 to $136.00 and set an "equal weight" rating for the company in a research note on Thursday, March 27th. Finally, Citigroup reduced their target price on shares of EOG Resources from $134.00 to $125.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. Twelve research 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 stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $144.19.
View Our Latest Stock Report on EOG
Insiders Place Their Bets
In related news, COO Jeffrey R. Leitzell sold 4,037 shares of the business's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total transaction of $515,767.12. Following the completion of the sale, the chief operating officer now 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 Securities & Exchange Commission, which is accessible through this hyperlink. 0.30% of the stock is owned by corporate insiders.
EOG Resources Stock Down 0.2 %
Shares of EOG Resources stock traded down $0.17 during trading on Tuesday, reaching $107.47. The company had a trading volume of 3,192,144 shares, compared to its average volume of 3,209,500. 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, Inc. has a fifty-two week low of $102.52 and a fifty-two week high of $138.18. The firm's fifty day moving average is $123.87 and its 200-day moving average is $126.91. The company has a market cap of $59.28 billion, a price-to-earnings ratio of 8.65, a price-to-earnings-growth ratio of 3.58 and a beta of 0.93.
EOG Resources (NYSE:EOG - Get Free Report) last released its earnings results on Friday, February 28th. The energy exploration company reported $2.74 EPS for the quarter, topping analysts' consensus estimates of $2.55 by $0.19. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The company had revenue of $5.59 billion for the quarter, compared to the consensus estimate of $5.96 billion. On average, analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current year.
EOG Resources Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be paid a dividend of $0.975 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $3.90 annualized dividend and a yield of 3.63%. EOG Resources's payout ratio is 34.73%.
EOG Resources Profile
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Free Report)
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.
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