EOG Resources, Inc. (NYSE:EOG) Shares Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC raised its stake in EOG Resources, Inc. (NYSE:EOG - Free Report) by 486.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 726,200 shares of the energy exploration company's stock after buying an additional 602,400 shares during the period. Renaissance Technologies LLC owned about 0.13% of EOG Resources worth $89,018,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in EOG. Financial Life Planners bought a new position in EOG Resources in the fourth quarter worth approximately $25,000. Y.D. More Investments Ltd lifted its holdings in shares of EOG Resources by 149.4% in the 4th quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company's stock worth $25,000 after buying an additional 121 shares during the period. Mainstream Capital Management LLC bought a new position in shares of EOG Resources during the 4th quarter worth $25,000. Decker Retirement Planning Inc. purchased a new position in shares of EOG Resources during the fourth quarter valued at $27,000. Finally, Keystone Financial Group Inc. bought a new stake in shares of EOG Resources in the fourth quarter valued at about $27,000. 89.91% of the stock is currently owned by institutional investors.

EOG Resources Stock Performance

Shares of NYSE EOG traded down $1.51 during midday trading on Monday, reaching $107.03. The company had a trading volume of 979,142 shares, compared to its average volume of 3,676,837. EOG Resources, Inc. has a 1 year low of $102.52 and a 1 year high of $138.18. The business's 50-day simple moving average is $124.28 and its 200 day simple moving average is $127.02. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The stock has a market cap of $59.03 billion, a P/E ratio of 8.62, a P/E/G ratio of 3.58 and a beta of 0.93.

EOG Resources (NYSE:EOG - Get Free Report) last issued its earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.55 by $0.19. The company had revenue of $5.59 billion during the quarter, compared to analyst estimates of $5.96 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. On average, analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal 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 issued a dividend of $0.975 per share. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date is Wednesday, April 16th. EOG Resources's dividend payout ratio (DPR) is 34.73%.

Insider Activity at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of EOG Resources stock in a transaction that occurred on 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 directly owns 47,732 shares in the company, valued at approximately $6,098,240.32. The trade was a 7.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

EOG has been the topic of several recent research reports. Truist Financial increased their target price 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. Raymond James lifted their price objective on shares of EOG Resources from $167.00 to $175.00 and gave the company a "strong-buy" rating in a report on Thursday, January 23rd. Piper Sandler reduced their price objective on shares of EOG Resources from $141.00 to $135.00 and set a "neutral" rating for the company in a research note on Thursday, March 6th. Wolfe Research raised EOG Resources from a "peer perform" rating to an "outperform" rating and set a $143.00 target price on the stock in a research report on Friday, January 3rd. Finally, UBS Group reduced their price target on EOG Resources from $165.00 to $160.00 and set a "buy" rating for the company in a research report on Tuesday, March 4th. Twelve equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $144.19.

About EOG Resources

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.