EOG Resources, Inc. $EOG Shares Purchased by GSA Capital Partners LLP

GSA Capital Partners LLP boosted its position in EOG Resources, Inc. (NYSE:EOG) by 13.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,379 shares of the energy exploration company’s stock after purchasing an additional 4,775 shares during the period. EOG Resources comprises approximately 0.4% of GSA Capital Partners LLP’s holdings, making the stock its 7th largest position. GSA Capital Partners LLP’s holdings in EOG Resources were worth $4,135,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in EOG. Bollard Group LLC lifted its position in shares of EOG Resources by 0.8% during the 3rd quarter. Bollard Group LLC now owns 11,747 shares of the energy exploration company’s stock valued at $1,317,000 after acquiring an additional 93 shares during the period. Hardy Reed LLC lifted its position in shares of EOG Resources by 4.5% during the 3rd quarter. Hardy Reed LLC now owns 2,267 shares of the energy exploration company’s stock valued at $254,000 after acquiring an additional 97 shares during the period. RKL Wealth Management LLC lifted its position in shares of EOG Resources by 0.5% during the 3rd quarter. RKL Wealth Management LLC now owns 21,235 shares of the energy exploration company’s stock valued at $2,381,000 after acquiring an additional 98 shares during the period. CoreFirst Bank & Trust lifted its position in shares of EOG Resources by 18.5% during the 3rd quarter. CoreFirst Bank & Trust now owns 640 shares of the energy exploration company’s stock valued at $72,000 after acquiring an additional 100 shares during the period. Finally, Ethos Financial Group LLC lifted its position in shares of EOG Resources by 2.5% during the 4th quarter. Ethos Financial Group LLC now owns 4,180 shares of the energy exploration company’s stock valued at $439,000 after acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Stock Up 2.0%

Shares of EOG opened at $143.03 on Tuesday. The firm has a market cap of $76.18 billion, a PE ratio of 14.08 and a beta of 0.27. The company’s fifty day moving average is $137.03 and its two-hundred day moving average is $119.77. EOG Resources, Inc. has a fifty-two week low of $101.59 and a fifty-two week high of $151.87. The company has a quick ratio of 1.53, a current ratio of 1.72 and a debt-to-equity ratio of 0.26.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share for the quarter, beating analysts’ consensus estimates of $3.23 by $0.18. The company had revenue of $6.92 billion for the quarter, compared to analyst estimates of $6.18 billion. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. EOG Resources’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same quarter last year, the business earned $2.87 EPS. Analysts forecast that EOG Resources, Inc. will post 14.83 earnings per share for the current year.

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Friday, July 17th. EOG Resources’s dividend payout ratio (DPR) is 40.16%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Royal Bank Of Canada lifted their price target on shares of EOG Resources from $138.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, April 8th. Sanford C. Bernstein set a $155.00 price target on shares of EOG Resources and gave the company a “market perform” rating in a research report on Monday, May 11th. JPMorgan Chase & Co. lifted their price target on shares of EOG Resources from $145.00 to $148.00 in a research report on Thursday, May 7th. Scotiabank lifted their price target on shares of EOG Resources from $123.00 to $139.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 22nd. Finally, Weiss Ratings raised shares of EOG Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and sixteen have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $154.21.

Insiders Place Their Bets

In related news, CFO Ann D. Janssen sold 4,161 shares of EOG Resources stock in a transaction 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 transaction, the chief financial officer owned 100,246 shares in the company, valued at approximately $14,038,449.84. The trade was a 3.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Jeffrey R. Leitzell sold 5,698 shares of EOG Resources stock in a transaction 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 transaction, the chief operating officer owned 88,045 shares in the company, valued at $13,234,924.40. The trade was a 6.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 18,230 shares of company stock worth $2,522,568. 0.14% of the stock is owned by company insiders.

EOG Resources 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.