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

AlphaQuest LLC lifted its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 100.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,415 shares of the energy exploration company’s stock after acquiring an additional 6,216 shares during the quarter. AlphaQuest LLC’s holdings in EOG Resources were worth $1,522,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in EOG. AIA Group Ltd acquired a new position in shares of EOG Resources during the 3rd quarter valued at $331,000. Capital Performance Advisors LLP acquired a new position in EOG Resources in the 3rd quarter worth $31,000. CWA Asset Management Group LLC acquired a new position in EOG Resources in the 3rd quarter worth $1,041,000. SpiderRock Advisors LLC lifted its holdings in EOG Resources by 34.3% in the 3rd quarter. SpiderRock Advisors LLC now owns 5,696 shares of the energy exploration company’s stock worth $700,000 after buying an additional 1,455 shares in the last quarter. Finally, Assetmark Inc. lifted its holdings in EOG Resources by 8.0% in the 3rd quarter. Assetmark Inc. now owns 193,121 shares of the energy exploration company’s stock worth $23,740,000 after buying an additional 14,345 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Price Performance

NYSE EOG opened at $125.41 on Monday. EOG Resources, Inc. has a 52 week low of $115.78 and a 52 week high of $139.67. 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 $69.47 billion, a price-to-earnings ratio of 10.10, a price-to-earnings-growth ratio of 3.58 and a beta of 1.25. The company has a 50-day moving average price of $129.50 and a two-hundred day moving average price of $127.74.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Friday, February 28th. The energy exploration company reported $2.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.55 by $0.19. The business had revenue of $5.59 billion during the quarter, compared to analysts’ expectations of $5.96 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. Analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be issued a $0.975 dividend. This represents a $3.90 annualized dividend and a dividend yield of 3.11%. The ex-dividend date is Wednesday, April 16th. EOG Resources’s dividend payout ratio (DPR) is presently 34.73%.

Analysts Set New Price Targets

A number of equities analysts have commented on EOG shares. Mizuho cut their price objective on shares of EOG Resources from $156.00 to $148.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. Barclays cut their target price on shares of EOG Resources from $148.00 to $146.00 and set an “equal weight” rating on the stock in a research note on Friday, February 28th. Truist Financial boosted their price objective on shares of EOG Resources from $135.00 to $137.00 and gave the company a “hold” rating 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 boosted their price objective for the company from $150.00 to $155.00 in a research report on Wednesday, February 12th. Finally, Raymond James boosted their price objective on shares of EOG Resources from $167.00 to $175.00 and gave the company a “strong-buy” rating in a research report on Thursday, January 23rd. Twelve investment 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, EOG Resources presently has an average rating of “Moderate Buy” and an average target price of $145.80.

Insider Activity

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the 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 completion of the transaction, the chief operating officer now directly owns 42,703 shares in the company, 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 accessible through this link. Insiders own 0.30% of the company’s stock.

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.