Martingale Asset Management L P Has $15.28 Million Position in EOG Resources, Inc. $EOG

Martingale Asset Management L P reduced its holdings in EOG Resources, Inc. (NYSE:EOG) by 6.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 145,483 shares of the energy exploration company’s stock after selling 9,597 shares during the period. Martingale Asset Management L P’s holdings in EOG Resources were worth $15,277,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nemes Rush Group LLC acquired a new stake in EOG Resources in the 4th quarter valued at $30,000. Olistico Wealth LLC acquired a new stake in EOG Resources in the 4th quarter valued at $33,000. Physician Wealth Advisors Inc. increased its stake in EOG Resources by 103.0% in the 4th quarter. Physician Wealth Advisors Inc. now owns 335 shares of the energy exploration company’s stock valued at $35,000 after buying an additional 170 shares during the last quarter. Laurel Wealth Advisors LLC acquired a new stake in EOG Resources in the 4th quarter valued at $38,000. Finally, City Holding Co. increased its stake in EOG Resources by 469.2% in the 4th quarter. City Holding Co. now owns 370 shares of the energy exploration company’s stock valued at $39,000 after buying an additional 305 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on EOG shares. Stephens lowered their price target on shares of EOG Resources from $170.00 to $167.00 in a research note on Wednesday, May 6th. Sanford C. Bernstein lowered their price target on shares of EOG Resources from $167.00 to $155.00 and set a “market perform” rating on the stock in a research note on Wednesday, May 20th. DA Davidson lifted their price target on shares of EOG Resources from $148.00 to $153.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Wells Fargo & Company set a $196.00 price target on shares of EOG Resources and gave the company an “overweight” rating in a research note on Wednesday, May 13th. Finally, Royal Bank Of Canada lifted their price objective on shares of EOG Resources from $138.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, April 8th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and sixteen have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $156.32.

EOG Resources Stock Performance

Shares of EOG opened at $136.42 on Friday. The firm has a 50-day moving average of $137.04 and a 200-day moving average of $123.87. EOG Resources, Inc. has a one year low of $101.59 and a one year high of $151.87. The company has a market cap of $72.66 billion, a PE ratio of 13.43 and a beta of 0.25. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.72 and a quick ratio of 1.53.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Tuesday, May 5th. The energy exploration company reported $3.41 EPS for the quarter, beating analysts’ consensus estimates of $3.23 by $0.18. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The company had revenue of $6.92 billion during the quarter, compared to the consensus estimate of $6.18 billion. During the same quarter last year, the firm posted $2.87 EPS. The company’s quarterly revenue was up 22.1% on a year-over-year basis. As a group, equities analysts forecast that EOG Resources, Inc. will post 16.63 earnings per share for the current year.

EOG Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, July 17th. EOG Resources’s dividend payout ratio (DPR) is 40.16%.

Insider Transactions at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 5,698 shares of EOG Resources stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total value of $856,523.36. Following the completion of the transaction, the chief operating officer owned 88,045 shares of the company’s stock, valued at $13,234,924.40. This trade represents a 6.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Ann D. Janssen sold 4,161 shares of EOG Resources stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $140.04, for a total transaction of $582,706.44. Following the sale, the chief financial officer directly owned 100,246 shares of the company’s stock, valued at $14,038,449.84. The trade was a 3.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.14% of the company’s stock.

About EOG Resources

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.