EOG Resources, Inc. (NYSE:EOG) Shares Bought by Gotham Asset Management LLC

Gotham Asset Management LLC lifted its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 68.1% during the fourth quarter, Holdings Channel reports. The fund owned 210,507 shares of the energy exploration company’s stock after purchasing an additional 85,300 shares during the quarter. Gotham Asset Management LLC’s holdings in EOG Resources were worth $25,804,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Essex Financial Services Inc. raised its position in shares of EOG Resources by 1.3% during the 4th quarter. Essex Financial Services Inc. now owns 6,145 shares of the energy exploration company’s stock worth $753,000 after buying an additional 79 shares in the last quarter. Valmark Advisers Inc. increased its stake in shares of EOG Resources by 2.6% during the fourth quarter. Valmark Advisers Inc. now owns 3,140 shares of the energy exploration company’s stock valued at $385,000 after acquiring an additional 79 shares during the period. Deseret Mutual Benefit Administrators increased its stake in shares of EOG Resources by 8.8% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 989 shares of the energy exploration company’s stock valued at $121,000 after acquiring an additional 80 shares during the period. 1ST Source Bank raised its holdings in EOG Resources by 1.5% during the fourth quarter. 1ST Source Bank now owns 5,349 shares of the energy exploration company’s stock worth $656,000 after purchasing an additional 80 shares in the last quarter. Finally, Penobscot Investment Management Company Inc. lifted its position in EOG Resources by 2.0% in the fourth quarter. Penobscot Investment Management Company Inc. now owns 4,065 shares of the energy exploration company’s stock worth $498,000 after purchasing an additional 80 shares during the period. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Insider Activity at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of the firm’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total value of $515,767.12. Following the transaction, the chief operating officer now directly owns 47,732 shares of the company’s stock, valued at approximately $6,098,240.32. This trade represents a 7.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.13% of the stock is owned by company insiders.

EOG Resources Stock Performance

Shares of EOG stock opened at $111.13 on Friday. EOG Resources, Inc. has a fifty-two week low of $102.52 and a fifty-two week high of $138.18. The stock’s 50-day moving average is $116.68 and its two-hundred day moving average is $124.53. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. The firm has a market cap of $60.65 billion, a P/E ratio of 8.95, a PEG ratio of 3.58 and a beta of 0.78.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Thursday, May 1st. The energy exploration company reported $2.87 EPS for the quarter, topping analysts’ consensus estimates of $2.75 by $0.12. The firm had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.92 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The firm’s revenue was down 7.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.82 earnings per share. 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 3.51%. EOG Resources’s dividend payout ratio is currently 36.18%.

Wall Street Analysts Forecast Growth

EOG has been the topic of several research analyst reports. Morgan Stanley lowered their price target on EOG Resources from $142.00 to $136.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 27th. Truist Financial raised their price objective on shares of EOG Resources from $135.00 to $137.00 and gave the company a “hold” rating in a research report on Monday, January 13th. Wells Fargo & Company cut their target price on shares of EOG Resources from $150.00 to $146.00 and set an “overweight” rating for the company in a research note on Thursday, March 13th. Mizuho restated a “neutral” rating and issued a $140.00 price target (down previously from $148.00) on shares of EOG Resources in a research report on Tuesday, March 25th. Finally, Citigroup cut their price objective on EOG Resources from $134.00 to $125.00 and set a “neutral” rating for the company in a research report on Monday, March 17th. Eleven analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, EOG Resources presently has an average rating of “Moderate Buy” and an average price target of $140.95.

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.