Yacktman Asset Management LP Purchases 82,302 Shares of EOG Resources, Inc. (NYSE:EOG)

Yacktman Asset Management LP grew its position in EOG Resources, Inc. (NYSE:EOG) by 4.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,789,433 shares of the energy exploration company’s stock after purchasing an additional 82,302 shares during the quarter. EOG Resources comprises approximately 2.0% of Yacktman Asset Management LP’s investment portfolio, making the stock its 19th biggest holding. Yacktman Asset Management LP owned about 0.31% of EOG Resources worth $216,432,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in EOG. McIlrath & Eck LLC boosted its stake in EOG Resources by 77.6% in the 3rd quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company’s stock worth $30,000 after purchasing an additional 104 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of EOG Resources by 530.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock valued at $30,000 after buying an additional 212 shares during the last quarter. Peoples Bank KS acquired a new position in shares of EOG Resources in the 3rd quarter valued at $31,000. Hall Laurie J Trustee purchased a new position in EOG Resources in the 4th quarter worth $36,000. Finally, Keener Financial Planning LLC acquired a new stake in EOG Resources during the 4th quarter worth about $36,000. 89.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EOG has been the subject of several research analyst reports. Piper Sandler raised their price objective on EOG Resources from $141.00 to $153.00 and gave the stock an “overweight” rating in a research note on Friday, April 19th. Mizuho increased their price objective on shares of EOG Resources from $138.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, April 15th. Royal Bank of Canada restated a “sector perform” rating and set a $145.00 target price on shares of EOG Resources in a research report on Tuesday, April 9th. Truist Financial reduced their price objective on EOG Resources from $165.00 to $163.00 and set a “buy” rating for the company in a research note on Friday, April 5th. Finally, Bank of America downgraded EOG Resources from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $147.00 to $140.00 in a research note on Friday, January 5th. Twelve analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $142.19.

EOG Resources Price Performance

Shares of EOG Resources stock traded up $0.83 during mid-day trading on Friday, reaching $136.19. 1,046,617 shares of the stock traded hands, compared to its average volume of 3,347,219. The company has a quick ratio of 2.13, a current ratio of 2.44 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a fifty-two week low of $106.32 and a fifty-two week high of $139.67. The stock has a market capitalization of $78.34 billion, a PE ratio of 10.41 and a beta of 1.40. The business has a 50-day moving average of $125.26 and a 200 day moving average of $122.45.

EOG Resources (NYSE:EOG) last announced its earnings results on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.14 by ($0.07). EOG Resources had a return on equity of 25.38% and a net margin of 31.40%. The business had revenue of $6.36 billion for the quarter, compared to analyst estimates of $6.18 billion. During the same period last year, the firm earned $3.30 EPS. The company’s revenue for the quarter was down 5.4% compared to the same quarter last year. On average, analysts predict that EOG Resources, Inc. will post 12.29 EPS for the current year.

EOG Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Monday, April 15th. This represents a $3.64 annualized dividend and a dividend yield of 2.67%. EOG Resources’s dividend payout ratio (DPR) is 27.98%.

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.