SCP Investment LP Invests $1.39 Million in EOG Resources, Inc. $EOG

SCP Investment LP purchased a new stake in EOG Resources, Inc. (NYSE:EOGFree Report) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 13,200 shares of the energy exploration company’s stock, valued at approximately $1,386,000. EOG Resources comprises approximately 1.1% of SCP Investment LP’s portfolio, making the stock its 23rd biggest position.

A number of other hedge funds have also bought and sold shares of the business. Olistico Wealth LLC acquired a new stake in EOG Resources in the 4th quarter worth about $33,000. Physician Wealth Advisors Inc. grew its position in shares of EOG Resources by 103.0% during the 4th quarter. Physician Wealth Advisors Inc. now owns 335 shares of the energy exploration company’s stock worth $35,000 after purchasing an additional 170 shares in the last quarter. Laurel Wealth Advisors LLC bought a new position in shares of EOG Resources during the fourth quarter worth approximately $38,000. City Holding Co. raised its position in shares of EOG Resources by 469.2% in the fourth quarter. City Holding Co. now owns 370 shares of the energy exploration company’s stock valued at $39,000 after buying an additional 305 shares in the last quarter. Finally, AXS Investments LLC acquired a new stake in shares of EOG Resources in the third quarter valued at approximately $41,000. 89.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on EOG. DA Davidson increased their price target on EOG Resources from $148.00 to $153.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Zacks Research downgraded EOG Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 27th. Stephens reduced their target price on EOG Resources from $170.00 to $167.00 in a report on Wednesday, May 6th. Weiss Ratings upgraded EOG Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, May 13th. Finally, Wall Street Zen raised EOG Resources from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and sixteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $156.39.

Get Our Latest Stock Report on EOG Resources

EOG Resources Stock Up 1.6%

Shares of EOG opened at $138.75 on Wednesday. The firm has a 50 day simple moving average of $137.96 and a two-hundred day simple moving average of $122.05. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.72 and a quick ratio of 1.53. EOG Resources, Inc. has a one year low of $101.59 and a one year high of $151.87. The company has a market cap of $73.90 billion, a P/E ratio of 13.66 and a beta of 0.25.

EOG Resources (NYSE:EOGGet Free Report) last released its earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share for the quarter, topping the consensus estimate of $3.23 by $0.18. The firm had revenue of $6.92 billion during the quarter, compared to analysts’ expectations of $6.18 billion. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The company’s quarterly revenue was up 22.1% on a year-over-year basis. During the same period in the prior year, the company earned $2.87 earnings per share. Research analysts forecast that EOG Resources, Inc. will post 15.67 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Friday, July 17th. EOG Resources’s dividend payout ratio is currently 40.16%.

Insider Activity

In related news, CFO Ann D. Janssen sold 4,161 shares of the firm’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $140.04, for a total value of $582,706.44. Following the sale, the chief financial officer directly owned 100,246 shares of the company’s stock, valued at $14,038,449.84. This trade represents a 3.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Jeffrey R. Leitzell sold 5,698 shares of EOG Resources stock in a transaction dated 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 transaction, the chief operating officer owned 88,045 shares in the company, valued at approximately $13,234,924.40. This represents a 6.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 12,456 shares of company stock worth $1,788,033 over the last ninety days. 0.14% of the stock is currently owned by insiders.

EOG Resources Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding EOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EOG Resources, Inc. (NYSE:EOGFree Report).

Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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