Quantessence Capital LLC Invests $658,000 in EOG Resources, Inc. (NYSE:EOG)

Quantessence Capital LLC purchased a new position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 5,367 shares of the energy exploration company's stock, valued at approximately $658,000.

A number of other large investors also recently bought and sold shares of the business. Alta Advisers Ltd increased its stake in EOG Resources by 14.4% in the 4th quarter. Alta Advisers Ltd now owns 1,831 shares of the energy exploration company's stock worth $224,000 after buying an additional 231 shares during the period. Fayez Sarofim & Co increased its position in shares of EOG Resources by 3.2% during the fourth quarter. Fayez Sarofim & Co now owns 1,736,604 shares of the energy exploration company's stock worth $212,873,000 after acquiring an additional 53,322 shares during the period. TD Waterhouse Canada Inc. increased its position in shares of EOG Resources by 6.4% during the fourth quarter. TD Waterhouse Canada Inc. now owns 2,132 shares of the energy exploration company's stock worth $261,000 after acquiring an additional 129 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of EOG Resources by 80.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 25,343 shares of the energy exploration company's stock valued at $3,107,000 after purchasing an additional 11,300 shares during the period. Finally, Transce3nd LLC purchased a new stake in shares of EOG Resources in the fourth quarter valued at approximately $75,000. Hedge funds and other institutional investors own 89.91% of the company's stock.

Analyst Upgrades and Downgrades

EOG has been the topic of a number of recent research reports. JPMorgan Chase & Co. dropped their price target on EOG Resources from $149.00 to $132.00 and set a "neutral" rating on the stock in a research report on Thursday, March 13th. Bank of America reissued a "neutral" rating and set a $144.00 target price (down previously from $151.00) on shares of EOG Resources in a research report on Monday, January 13th. Royal Bank of Canada raised shares of EOG Resources from a "sector perform" rating to an "outperform" rating and upped their price target for the stock from $150.00 to $155.00 in a research report on Wednesday, February 12th. Scotiabank upgraded EOG Resources from a "sector perform" rating to a "sector outperform" rating and lowered their target price for the stock from $150.00 to $130.00 in a report on Friday, April 11th. Finally, StockNews.com downgraded EOG Resources from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Twelve research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, EOG Resources currently has an average rating of "Hold" and a consensus price target of $141.25.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of EOG Resources 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 completion of the transaction, the chief operating officer now owns 47,732 shares in the company, valued at approximately $6,098,240.32. This trade represents a 7.80 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.13% of the company's stock.

EOG Resources Stock Performance

Shares of EOG traded down $0.39 during trading hours on Friday, reaching $113.07. 2,093,424 shares of the company traded hands, compared to its average volume of 3,232,889. 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 business has a fifty day moving average price of $120.51 and a 200-day moving average price of $125.77. EOG Resources, Inc. has a 12-month low of $102.52 and a 12-month high of $138.18. The stock has a market capitalization of $62.36 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 posted its quarterly 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. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The business had revenue of $5.59 billion for the quarter, compared to the consensus estimate of $5.96 billion. Equities analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Announces Dividend

The firm 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. This represents a $3.90 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date is Wednesday, April 16th. EOG Resources's dividend payout ratio is presently 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.