GSA Capital Partners LLP Acquires 4,775 Shares of EOG Resources, Inc. $EOG

GSA Capital Partners LLP lifted its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 13.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 39,379 shares of the energy exploration company’s stock after buying an additional 4,775 shares during the period. EOG Resources makes up about 0.4% of GSA Capital Partners LLP’s portfolio, making the stock its 7th biggest holding. GSA Capital Partners LLP’s holdings in EOG Resources were worth $4,135,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. JCIC Asset Management Inc. acquired a new position in EOG Resources in the 3rd quarter worth $32,000. Olistico Wealth LLC acquired a new position in EOG Resources in the 4th quarter worth $33,000. Physician Wealth Advisors Inc. lifted its holdings 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 worth $35,000 after buying an additional 170 shares in the last quarter. CNB Bank lifted its holdings in EOG Resources by 361.0% in the 3rd quarter. CNB Bank now owns 355 shares of the energy exploration company’s stock worth $40,000 after buying an additional 278 shares in the last quarter. Finally, Laurel Wealth Advisors LLC acquired a new position in EOG Resources in the 4th quarter worth $38,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Wolfe Research boosted their price objective on shares of EOG Resources from $152.00 to $154.00 and gave the stock an “outperform” rating in a report on Monday, April 6th. The Goldman Sachs Group boosted their price objective on shares of EOG Resources from $135.00 to $139.00 and gave the stock a “neutral” rating in a report on Tuesday, May 12th. Weiss Ratings upgraded shares of EOG Resources from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, May 13th. DA Davidson boosted their target price on shares of EOG Resources from $148.00 to $153.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Finally, Piper Sandler boosted their target price on shares of EOG Resources from $144.00 to $147.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 1st. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and sixteen have issued a Hold rating to the stock. According to MarketBeat.com, EOG Resources currently has a consensus rating of “Moderate Buy” and a consensus price target of $154.21.

Insider Buying and Selling

In other news, COO Jeffrey R. Leitzell sold 5,698 shares of the company’s stock in a transaction that occurred on 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 sale, the chief operating officer directly owned 88,045 shares of the company’s stock, valued at approximately $13,234,924.40. This represents a 6.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Ann D. Janssen sold 4,161 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $140.04, for a total transaction of $582,706.44. Following the completion of the sale, the chief financial officer directly owned 100,246 shares of the company’s stock, valued at approximately $14,038,449.84. This represents a 3.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 18,230 shares of company stock valued at $2,522,568. Company insiders own 0.14% of the company’s stock.

EOG Resources Price Performance

NYSE EOG opened at $143.03 on Tuesday. EOG Resources, Inc. has a 52 week low of $101.59 and a 52 week high of $151.87. The company has a current ratio of 1.72, a quick ratio of 1.53 and a debt-to-equity ratio of 0.26. The stock has a market cap of $76.18 billion, a price-to-earnings ratio of 14.08 and a beta of 0.27. The company has a 50-day moving average price of $137.03 and a two-hundred day moving average price of $119.77.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share for the quarter, topping analysts’ consensus estimates of $3.23 by $0.18. The company had revenue of $6.92 billion during the quarter, compared to analyst estimates of $6.18 billion. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The business’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period in the prior year, the business posted $2.87 EPS. Analysts forecast that EOG Resources, Inc. will post 14.83 EPS for the current year.

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, July 17th. EOG Resources’s dividend payout ratio is currently 40.16%.

EOG Resources Company Profile

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.