AQR Capital Management LLC Acquires 743,202 Shares of EOG Resources, Inc. (NYSE:EOG)

AQR Capital Management LLC boosted its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 134.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,294,824 shares of the energy exploration company's stock after buying an additional 743,202 shares during the quarter. AQR Capital Management LLC owned 0.23% of EOG Resources worth $158,720,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of EOG. Northern Trust Corp boosted its stake in shares of EOG Resources by 2.9% in the 4th quarter. Northern Trust Corp now owns 5,719,012 shares of the energy exploration company's stock worth $701,036,000 after buying an additional 159,216 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of EOG Resources by 5.7% in the 4th quarter. The Manufacturers Life Insurance Company now owns 858,750 shares of the energy exploration company's stock worth $105,266,000 after purchasing an additional 46,318 shares during the period. Public Employees Retirement Association of Colorado boosted its holdings in shares of EOG Resources by 6.9% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 1,206,470 shares of the energy exploration company's stock worth $147,889,000 after buying an additional 78,017 shares during the last quarter. Prosperity Consulting Group LLC increased its holdings in EOG Resources by 4.8% during the fourth quarter. Prosperity Consulting Group LLC now owns 8,380 shares of the energy exploration company's stock valued at $1,027,000 after buying an additional 380 shares during the last quarter. Finally, Oxford Asset Management LLP bought a new position in EOG Resources in the fourth quarter worth approximately $1,524,000. Institutional investors own 89.91% of the company's stock.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of EOG Resources stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total transaction of $515,767.12. Following the completion of the transaction, the chief operating officer now directly owns 47,732 shares of the company's stock, valued at $6,098,240.32. The trade was a 7.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.13% of the stock is currently owned by insiders.

EOG Resources Price Performance

EOG Resources stock traded down $0.81 during midday trading on Friday, reaching $110.87. 6,414,978 shares of the stock traded hands, compared to its average volume of 3,252,233. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a 12 month low of $102.52 and a 12 month high of $138.18. The stock's fifty day moving average is $118.35 and its 200-day moving average is $125.12. The stock has a market cap of $61.15 billion, a P/E ratio of 8.93, a PEG ratio of 3.58 and a beta of 0.93.

EOG Resources (NYSE:EOG - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share for the quarter, topping the consensus estimate of $2.75 by $0.12. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The company had revenue of $5.84 billion for the quarter, compared to analysts' expectations of $5.92 billion. During the same quarter in the previous year, the business posted $2.82 earnings per share. EOG Resources's quarterly revenue was down 7.4% on a year-over-year basis. As a group, equities research analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 17th will be issued a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date is Thursday, July 17th. EOG Resources's payout ratio is 34.73%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Citigroup reduced their price objective on EOG Resources from $134.00 to $125.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. Scotiabank raised EOG Resources from a "sector perform" rating to a "sector outperform" rating and decreased their price objective for the stock from $150.00 to $130.00 in a research note on Friday, April 11th. Wolfe Research raised EOG Resources from a "peer perform" rating to an "outperform" rating and set a $143.00 price objective on the stock in a research report on Friday, January 3rd. Mizuho reissued a "neutral" rating and issued a $140.00 target price (down from $148.00) on shares of EOG Resources in a report on Tuesday, March 25th. Finally, Piper Sandler lowered their price target on shares of EOG Resources from $135.00 to $133.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Eleven research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $140.95.

EOG Resources Company Profile

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.