EOG Resources, Inc. (NYSE:EOG) Shares Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. raised its stake in EOG Resources, Inc. (NYSE:EOG) by 8.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 608,415 shares of the energy exploration company’s stock after acquiring an additional 48,399 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.11% of EOG Resources worth $74,534,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Rahlfs Capital LLC acquired a new stake in shares of EOG Resources during the 4th quarter worth about $1,108,000. Envestnet Asset Management Inc. boosted its position in EOG Resources by 6.0% during the fourth quarter. Envestnet Asset Management Inc. now owns 2,051,327 shares of the energy exploration company’s stock worth $251,452,000 after acquiring an additional 116,096 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC boosted its position in EOG Resources by 34.6% during the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 307,844 shares of the energy exploration company’s stock worth $37,736,000 after acquiring an additional 79,139 shares during the last quarter. Aviva PLC raised its holdings in EOG Resources by 37.3% in the 4th quarter. Aviva PLC now owns 342,704 shares of the energy exploration company’s stock valued at $42,009,000 after acquiring an additional 93,093 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. purchased a new position in shares of EOG Resources during the 4th quarter worth $21,109,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of the company’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total value of $515,767.12. Following the sale, the chief operating officer now owns 47,732 shares in the company, valued at approximately $6,098,240.32. This represents a 7.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms recently commented on EOG. Citigroup dropped their target price on EOG Resources from $134.00 to $125.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. Bank of America reissued a “neutral” rating and issued a $144.00 target price (down from $151.00) on shares of EOG Resources in a research report on Monday, January 13th. Wells Fargo & Company dropped their price target on shares of EOG Resources from $150.00 to $146.00 and set an “overweight” rating for the company in a research report on Thursday, March 13th. Raymond James lifted their price target 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. Finally, Wolfe Research upgraded EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective for the company in a report on Friday, January 3rd. Thirteen equities 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 stock. According to MarketBeat, EOG Resources currently has an average rating of “Hold” and a consensus price target of $144.67.

EOG Resources Stock Performance

EOG Resources stock opened at $110.39 on Friday. The firm’s fifty day moving average price is $127.14 and its 200 day moving average price is $127.83. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. The company has a market capitalization of $60.88 billion, a price-to-earnings ratio of 8.89, a price-to-earnings-growth ratio of 3.58 and a beta of 0.93. EOG Resources, Inc. has a 12-month low of $109.20 and a 12-month high of $139.67.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 EPS for the quarter, beating 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 firm had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.96 billion. On average, research analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be issued a $0.975 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $3.90 annualized dividend and a yield of 3.53%. EOG Resources’s dividend payout ratio is presently 34.73%.

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.