Ensign Peak Advisors Inc Increases Stake in EOG Resources, Inc. (NYSE:EOG)

Ensign Peak Advisors Inc grew its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 20.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 942,201 shares of the energy exploration company's stock after acquiring an additional 158,378 shares during the quarter. Ensign Peak Advisors Inc owned 0.17% of EOG Resources worth $115,495,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the company. Fairholme Capital Management LLC purchased a new stake in shares of EOG Resources during the fourth quarter valued at approximately $245,000. Fiduciary Trust Co lifted its holdings in EOG Resources by 9.6% during the fourth quarter. Fiduciary Trust Co now owns 12,092 shares of the energy exploration company's stock worth $1,482,000 after acquiring an additional 1,059 shares during the period. Family Management Corp lifted its holdings in EOG Resources by 7.0% during the fourth quarter. Family Management Corp now owns 23,915 shares of the energy exploration company's stock worth $2,932,000 after acquiring an additional 1,571 shares during the period. Deutsche Bank AG boosted its holdings in shares of EOG Resources by 58.6% in the 4th quarter. Deutsche Bank AG now owns 2,081,409 shares of the energy exploration company's stock worth $255,139,000 after buying an additional 769,362 shares during the last quarter. Finally, Delaware Ladera Management Company Inc. purchased a new position in shares of EOG Resources in the 4th quarter worth about $109,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling 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 stock was sold at an average price of $127.76, for a total transaction of $515,767.12. Following the sale, the chief operating officer now 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.13% of the company's stock.

EOG Resources Price Performance

Shares of NYSE EOG traded up $1.42 during midday trading on Friday, hitting $111.13. 4,079,932 shares of the company's stock were exchanged, compared to its average volume of 3,273,548. EOG Resources, Inc. has a 12-month low of $102.52 and a 12-month high of $138.18. 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 company has a market cap of $60.65 billion, a price-to-earnings ratio of 8.95, a PEG ratio of 3.58 and a beta of 0.78. The business's fifty day moving average price is $116.68 and its two-hundred day moving average price is $124.53.

EOG Resources (NYSE:EOG - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The energy exploration company reported $2.87 EPS 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 company had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.92 billion. During the same quarter in the previous year, the firm earned $2.82 earnings per share. EOG Resources's revenue was down 7.4% on a year-over-year basis. As a group, research analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 17th will be given a dividend of $0.975 per share. The ex-dividend date of this dividend is Thursday, July 17th. This represents a $3.90 dividend on an annualized basis and a yield of 3.51%. EOG Resources's payout ratio is 36.18%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on EOG. Barclays cut their price target on shares of EOG Resources from $140.00 to $137.00 and set an "equal weight" rating on the stock in a report on Friday, May 2nd. Wells Fargo & Company decreased their price target on shares of EOG Resources from $150.00 to $146.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. Citigroup decreased their price target on shares of EOG Resources from $134.00 to $125.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. Raymond James restated a "strong-buy" rating and set a $140.00 price target on shares of EOG Resources in a research note on Monday, April 21st. Finally, Truist Financial raised their price target on shares of EOG Resources from $135.00 to $137.00 and gave the stock a "hold" rating in a research note on Monday, January 13th. Eleven investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $140.95.

EOG Resources 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.