EOG Resources, Inc. $EOG Shares Acquired by Applied Finance Capital Management LLC

Applied Finance Capital Management LLC grew its stake in EOG Resources, Inc. (NYSE:EOG) by 96.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,951 shares of the energy exploration company’s stock after purchasing an additional 7,847 shares during the quarter. Applied Finance Capital Management LLC’s holdings in EOG Resources were worth $1,675,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of EOG. Commerzbank Aktiengesellschaft FI boosted its holdings in shares of EOG Resources by 1.8% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 7,282 shares of the energy exploration company’s stock valued at $765,000 after acquiring an additional 132 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of EOG Resources by 2,410.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 719,426 shares of the energy exploration company’s stock valued at $75,547,000 after acquiring an additional 690,765 shares in the last quarter. Phoenix Financial Ltd. boosted its holdings in shares of EOG Resources by 36.7% in the fourth quarter. Phoenix Financial Ltd. now owns 9,879 shares of the energy exploration company’s stock valued at $1,037,000 after acquiring an additional 2,652 shares in the last quarter. Avantax Planning Partners Inc. boosted its holdings in shares of EOG Resources by 6.5% in the fourth quarter. Avantax Planning Partners Inc. now owns 40,460 shares of the energy exploration company’s stock valued at $4,249,000 after acquiring an additional 2,461 shares in the last quarter. Finally, Conning Inc. boosted its holdings in shares of EOG Resources by 9.0% in the fourth quarter. Conning Inc. now owns 302,028 shares of the energy exploration company’s stock valued at $31,716,000 after acquiring an additional 24,865 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. DA Davidson increased their price objective on shares of EOG Resources from $148.00 to $153.00 and gave the company a “buy” rating in a report on Thursday, May 7th. BMO Capital Markets raised their target price on shares of EOG Resources from $140.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday, April 1st. Citigroup reduced their target price on shares of EOG Resources from $150.00 to $142.00 and set a “neutral” rating for the company in a report on Tuesday, April 14th. Sanford C. Bernstein set a $155.00 target price on shares of EOG Resources and gave the stock a “market perform” rating in a report on Monday. Finally, Scotiabank raised their target price on shares of EOG Resources from $123.00 to $139.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and sixteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, EOG Resources currently has an average rating of “Moderate Buy” and a consensus target price of $154.21.

Insider Activity

In other EOG Resources news, CFO Ann D. Janssen sold 4,161 shares of the business’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $140.04, for a total value of $582,706.44. Following the completion of the transaction, the chief financial officer directly 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Jeffrey R. Leitzell sold 5,698 shares of EOG Resources stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total transaction of $856,523.36. Following the sale, the chief operating officer owned 88,045 shares of the company’s stock, valued at approximately $13,234,924.40. This represents a 6.08% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 18,230 shares of company stock valued at $2,522,568 over the last three months. 0.14% of the stock is currently owned by insiders.

EOG Resources Stock Performance

NYSE:EOG opened at $140.29 on Friday. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year high of $151.87. The firm’s fifty day simple moving average is $136.79 and its 200 day simple moving average is $119.41. The company has a current ratio of 1.72, a quick ratio of 1.53 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $74.72 billion, a PE ratio of 13.81, a PEG ratio of 1.69 and a beta of 0.27.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. The business’s quarterly revenue was up 22.1% on a year-over-year basis. During the same period last year, the business posted $2.87 EPS. On average, sell-side analysts anticipate that EOG Resources, Inc. will post 14.83 EPS for the current year.

EOG Resources Announces Dividend

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

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.