Bramshill Investments LLC Makes New Investment in EOG Resources, Inc. (NYSE:EOG)

Bramshill Investments LLC acquired a new position in EOG Resources, Inc. (NYSE:EOG - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 4,000 shares of the energy exploration company's stock, valued at approximately $490,000.

Several other hedge funds have also modified their holdings of the company. Wealthfront Advisers LLC boosted its holdings in shares of EOG Resources by 4,642.2% in the 4th quarter. Wealthfront Advisers LLC now owns 2,852,238 shares of the energy exploration company's stock worth $349,627,000 after purchasing an additional 2,792,092 shares during the period. Capital World Investors lifted its holdings in shares of EOG Resources by 5.2% in the 4th quarter. Capital World Investors now owns 45,919,327 shares of the energy exploration company's stock worth $5,628,497,000 after acquiring an additional 2,270,013 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of EOG Resources by 64.7% during the 3rd quarter. Franklin Resources Inc. now owns 5,284,228 shares of the energy exploration company's stock worth $694,717,000 after purchasing an additional 2,076,134 shares during the period. Raymond James Financial Inc. bought a new position in EOG Resources during the 4th quarter valued at about $171,193,000. Finally, Charles Schwab Investment Management Inc. raised its position in EOG Resources by 4.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 18,192,314 shares of the energy exploration company's stock worth $2,230,014,000 after purchasing an additional 781,282 shares during the period. 89.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on EOG. Mizuho reaffirmed a "neutral" rating and set a $140.00 target price (down previously from $148.00) on shares of EOG Resources in a research note on Tuesday, March 25th. JPMorgan Chase & Co. cut their price objective on EOG Resources from $149.00 to $132.00 and set a "neutral" rating on the stock in a research report on Thursday, March 13th. Raymond James reiterated a "strong-buy" rating and set a $140.00 target price on shares of EOG Resources in a research report on Monday, April 21st. Bank of America restated a "neutral" rating and issued a $144.00 price target (down from $151.00) on shares of EOG Resources in a report on Monday, January 13th. Finally, Truist Financial lifted their price objective on shares of EOG Resources from $135.00 to $137.00 and gave the company a "hold" rating in a report on Monday, January 13th. Eleven investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, EOG Resources presently has an average rating of "Moderate Buy" and a consensus price target of $140.95.

Insider Activity at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of the firm's 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 owns 47,732 shares of the company's stock, 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 document filed with the SEC, which is available at this hyperlink. 0.13% of the stock is owned by insiders.

EOG Resources Stock Up 1.3 %

Shares of EOG traded up $1.42 during midday trading on Friday, hitting $111.13. 4,079,932 shares of the company's stock traded hands, compared to its average volume of 3,273,297. 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 stock has a market capitalization of $60.65 billion, a price-to-earnings ratio of 8.95, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78. EOG Resources, Inc. has a 1 year low of $102.52 and a 1 year high of $138.18. The firm's fifty day moving average is $116.90 and its 200-day moving average is $124.63.

EOG Resources (NYSE:EOG - Get Free Report) last issued 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 return on equity of 23.77% and a net margin of 29.18%. The business had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.92 billion. During the same quarter last year, the company earned $2.82 earnings per share. The company's quarterly revenue was down 7.4% on a year-over-year basis. As a group, sell-side analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Dividend Announcement

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. The ex-dividend date is Thursday, July 17th. This represents a $3.90 annualized dividend and a dividend yield of 3.51%. EOG Resources's payout ratio is currently 36.18%.

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.