EOG Resources, Inc. $EOG Shares Acquired by Graphene Investments SAS

Graphene Investments SAS increased its stake in EOG Resources, Inc. (NYSE:EOG) by 22.1% during the 4th quarter, Holdings Channel reports. The fund owned 30,400 shares of the energy exploration company’s stock after purchasing an additional 5,500 shares during the quarter. EOG Resources makes up approximately 2.0% of Graphene Investments SAS’s investment portfolio, making the stock its 29th biggest position. Graphene Investments SAS’s holdings in EOG Resources were worth $3,192,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of EOG. Sivia Capital Partners LLC purchased a new position in shares of EOG Resources during the second quarter worth about $258,000. Quantbot Technologies LP purchased a new position in shares of EOG Resources during the second quarter worth about $349,000. Gamco Investors INC. ET AL grew its holdings in shares of EOG Resources by 216.1% during the second quarter. Gamco Investors INC. ET AL now owns 6,560 shares of the energy exploration company’s stock worth $785,000 after purchasing an additional 4,485 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of EOG Resources by 2.0% during the second quarter. NewEdge Advisors LLC now owns 22,780 shares of the energy exploration company’s stock worth $2,725,000 after purchasing an additional 444 shares during the last quarter. Finally, Sei Investments Co. grew its holdings in shares of EOG Resources by 4.4% during the second quarter. Sei Investments Co. now owns 362,446 shares of the energy exploration company’s stock worth $43,356,000 after purchasing an additional 15,250 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, COO Jeffrey R. Leitzell sold 5,698 shares of EOG Resources stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total transaction of $856,523.36. Following the completion of the sale, the chief operating officer directly owned 88,045 shares in the company, valued at approximately $13,234,924.40. This trade represents a 6.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Ann D. Janssen sold 4,161 shares of EOG Resources stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $140.04, for a total transaction of $582,706.44. Following the sale, the chief financial officer owned 100,246 shares of the company’s stock, valued at approximately $14,038,449.84. The trade was a 3.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 18,230 shares of company stock valued at $2,522,568. Insiders own 0.14% of the company’s stock.

EOG Resources Price Performance

Shares of NYSE:EOG opened at $128.45 on Friday. 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 company has a market cap of $68.81 billion, a P/E ratio of 14.10, a PEG ratio of 2.68 and a beta of 0.32. EOG Resources, Inc. has a 52 week low of $101.59 and a 52 week high of $151.87. The company has a 50-day moving average price of $132.12 and a 200 day moving average price of $116.14.

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

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th will be given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Thursday, April 16th. EOG Resources’s dividend payout ratio (DPR) is presently 44.79%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Mizuho raised their price objective on EOG Resources from $146.00 to $147.00 and gave the stock a “neutral” rating in a report on Wednesday, April 1st. UBS Group raised their price target on EOG Resources from $141.00 to $149.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. KeyCorp lowered EOG Resources from an “overweight” rating to a “sector weight” rating in a report on Friday, January 16th. Weiss Ratings reissued a “hold (c)” rating on shares of EOG Resources in a report on Thursday, January 22nd. Finally, Stephens raised their price target on EOG Resources from $139.00 to $170.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 31st. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eighteen have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $151.11.

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.