Vinva Investment Management Ltd Buys 10,503 Shares of EOG Resources, Inc. $EOG

Vinva Investment Management Ltd increased its stake in EOG Resources, Inc. (NYSE:EOG) by 13.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 88,605 shares of the energy exploration company’s stock after buying an additional 10,503 shares during the period. Vinva Investment Management Ltd’s holdings in EOG Resources were worth $10,043,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Grantham Mayo Van Otterloo & Co. LLC increased its position in shares of EOG Resources by 29.3% during the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 271,326 shares of the energy exploration company’s stock worth $30,421,000 after acquiring an additional 61,509 shares during the period. Ameriflex Group Inc. boosted its holdings in shares of EOG Resources by 57.3% in the third quarter. Ameriflex Group Inc. now owns 596 shares of the energy exploration company’s stock valued at $67,000 after purchasing an additional 217 shares during the period. Blair William & Co. IL grew its stake in EOG Resources by 4.6% in the third quarter. Blair William & Co. IL now owns 108,901 shares of the energy exploration company’s stock worth $12,210,000 after purchasing an additional 4,827 shares in the last quarter. Evexia Wealth LLC grew its stake in EOG Resources by 2.7% in the third quarter. Evexia Wealth LLC now owns 32,738 shares of the energy exploration company’s stock worth $3,592,000 after purchasing an additional 872 shares in the last quarter. Finally, HUB Investment Partners LLC increased its holdings in EOG Resources by 19.4% during the 3rd quarter. HUB Investment Partners LLC now owns 2,579 shares of the energy exploration company’s stock worth $289,000 after purchasing an additional 419 shares during the period. Institutional investors own 89.91% of the company’s stock.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 2,000 shares of EOG Resources stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $125.00, for a total value of $250,000.00. Following the transaction, the chief operating officer owned 61,481 shares in the company, valued at $7,685,125. The trade was a 3.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 7,774 shares of company stock valued at $945,895 in the last 90 days. 0.13% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on EOG shares. Raymond James Financial lifted their target price on EOG Resources from $153.00 to $157.00 and gave the company a “strong-buy” rating in a research report on Friday, February 13th. Johnson Rice dropped their price target on EOG Resources from $145.00 to $135.00 and set a “hold” rating on the stock in a research report on Friday, December 5th. Wolfe Research raised their price target on EOG Resources from $137.00 to $140.00 and gave the company an “outperform” rating in a research note on Wednesday, February 25th. Stephens lifted their price objective on EOG Resources from $138.00 to $139.00 and gave the company an “equal weight” rating in a report on Thursday, February 12th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $126.00 price objective (down from $144.00) on shares of EOG Resources in a research note on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seventeen have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $135.31.

EOG Resources Stock Up 0.5%

EOG Resources stock opened at $131.74 on Monday. The business has a fifty day moving average of $113.78 and a two-hundred day moving average of $112.08. The company has a quick ratio of 1.42, a current ratio of 1.63 and a debt-to-equity ratio of 0.27. The firm has a market cap of $70.68 billion, a P/E ratio of 14.46 and a beta of 0.44. EOG Resources, Inc. has a twelve month low of $101.59 and a twelve month high of $134.00.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.07. The business had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.36 billion. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.The business’s revenue was up .9% compared to the same quarter last year. During the same period last year, the business posted $2.74 EPS. On average, analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 16th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Thursday, April 16th. This represents a $4.08 dividend on an annualized basis and a yield of 3.1%. EOG Resources’s dividend payout ratio (DPR) is presently 44.79%.

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.