Voleon Capital Management LP Purchases New Stake in EOG Resources, Inc. (NYSE:EOG)

Voleon Capital Management LP purchased a new stake in EOG Resources, Inc. (NYSE:EOG - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 56,081 shares of the energy exploration company's stock, valued at approximately $6,874,000.

A number of other large investors have also recently added to or reduced their stakes in EOG. Financial Life Planners bought a new position in shares of EOG Resources during the fourth quarter worth about $25,000. Y.D. More Investments Ltd lifted its holdings in EOG Resources by 149.4% during the 4th quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company's stock worth $25,000 after buying an additional 121 shares during the last quarter. Mainstream Capital Management LLC acquired a new position in shares of EOG Resources in the 4th quarter worth approximately $25,000. Decker Retirement Planning Inc. bought a new stake in shares of EOG Resources in the 4th quarter valued at approximately $27,000. Finally, Keystone Financial Group Inc. acquired a new stake in shares of EOG Resources during the 4th quarter valued at approximately $27,000. 89.91% of the stock is currently owned by institutional investors.

EOG Resources Price Performance

NYSE:EOG traded down $0.81 during mid-day trading on Friday, reaching $110.87. 6,414,978 shares of the stock were exchanged, compared to its average volume of 3,252,233. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The business has a fifty day moving average price of $118.35 and a 200 day moving average price of $125.12. EOG Resources, Inc. has a 1-year low of $102.52 and a 1-year high of $138.18. The firm has a market capitalization of $61.15 billion, a PE ratio of 8.93, a PEG ratio of 3.58 and a beta of 0.78.

EOG Resources (NYSE:EOG - Get Free Report) last released its earnings results 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 business had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.92 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The business's revenue for the quarter was down 7.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.82 EPS. Research analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 17th will be paid a dividend of $0.975 per share. This represents a $3.90 annualized dividend and a dividend yield of 3.52%. The ex-dividend date of this dividend is Thursday, July 17th. EOG Resources's dividend payout ratio is presently 36.18%.

Analyst Ratings Changes

Several research analysts have recently commented on EOG shares. Mizuho reaffirmed a "neutral" rating and set a $140.00 price objective (down previously from $148.00) on shares of EOG Resources in a research report on Tuesday, March 25th. Wells Fargo & Company reduced their price objective on EOG Resources from $150.00 to $146.00 and set an "overweight" rating for the company in a research report on Thursday, March 13th. Benchmark restated a "hold" rating on shares of EOG Resources in a research note on Monday, January 13th. KeyCorp cut their target price on EOG Resources from $150.00 to $140.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. Finally, Royal Bank of Canada upgraded shares of EOG Resources from a "sector perform" rating to an "outperform" rating and upped their price target for the stock from $150.00 to $155.00 in a research report on Wednesday, February 12th. Eleven research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $140.95.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the firm's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total value of $515,767.12. Following the completion of the transaction, the chief operating officer now directly owns 47,732 shares in the company, valued at $6,098,240.32. This trade represents a 7.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.13% of the company's stock.

About EOG Resources

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.