EOG Resources, Inc. (NYSE:EOG) Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP boosted its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 26.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 68,234 shares of the energy exploration company’s stock after purchasing an additional 14,337 shares during the quarter. Quantinno Capital Management LP’s holdings in EOG Resources were worth $8,364,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Financial Life Planners bought a new stake in EOG Resources during the 4th quarter valued at $25,000. Y.D. More Investments Ltd raised its stake in EOG Resources by 149.4% during the 4th quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock valued at $25,000 after acquiring an additional 121 shares in the last quarter. Mainstream Capital Management LLC bought a new stake in EOG Resources during the 4th quarter valued at $25,000. Decker Retirement Planning Inc. bought a new stake in EOG Resources during the 4th quarter valued at $27,000. Finally, Keystone Financial Group Inc. bought a new stake in shares of EOG Resources in the 4th quarter worth $27,000. Institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Performance

Shares of EOG stock opened at $115.79 on Friday. EOG Resources, Inc. has a 1-year low of $102.52 and a 1-year high of $138.18. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $63.20 billion, a price-to-earnings ratio of 9.32, a P/E/G ratio of 3.58 and a beta of 0.78. The stock’s fifty day simple moving average is $116.02 and its 200-day simple moving average is $124.31.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share for the quarter, beating analysts’ consensus estimates of $2.75 by $0.12. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The business had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.92 billion. During the same quarter in the previous year, the company posted $2.82 earnings per share. EOG Resources’s revenue for the quarter was down 7.4% compared to the same quarter last year. On average, sell-side analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 17th will be issued a dividend of $0.975 per share. The ex-dividend date is Thursday, July 17th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.37%. EOG Resources’s dividend payout ratio is 36.18%.

Insider Activity

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of EOG Resources stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total transaction of $515,767.12. Following the transaction, the chief operating officer now owns 47,732 shares in the company, valued at approximately $6,098,240.32. The trade was a 7.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.13% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

EOG has been the topic of a number of research reports. Raymond James reissued a “strong-buy” rating and issued a $140.00 price objective on shares of EOG Resources in a research note on Monday, April 21st. KeyCorp dropped their price objective on EOG Resources from $150.00 to $140.00 and set an “overweight” rating on the stock in a research note on Monday, April 21st. Morgan Stanley dropped their price objective on EOG Resources from $142.00 to $136.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 27th. Wells Fargo & Company dropped their price objective on EOG Resources from $150.00 to $146.00 and set an “overweight” rating on the stock in a research note on Thursday, March 13th. Finally, UBS Group dropped their price objective on EOG Resources from $165.00 to $160.00 and set a “buy” rating on the stock in a research note on Tuesday, March 4th. Eleven equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, EOG Resources has a consensus rating of “Moderate Buy” and an average target price of $140.63.

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.