Audent Global Asset Management LLC Buys 10,242 Shares of EOG Resources, Inc. (NYSE:EOG)

Audent Global Asset Management LLC increased its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 427.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,639 shares of the energy exploration company's stock after purchasing an additional 10,242 shares during the quarter. EOG Resources makes up about 1.0% of Audent Global Asset Management LLC's holdings, making the stock its 29th biggest position. Audent Global Asset Management LLC's holdings in EOG Resources were worth $1,549,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in EOG. Exchange Traded Concepts LLC boosted its holdings in EOG Resources by 1.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 6,907 shares of the energy exploration company's stock worth $847,000 after purchasing an additional 121 shares during the last quarter. Blue Trust Inc. boosted its stake in EOG Resources by 9.4% in the fourth quarter. Blue Trust Inc. now owns 11,763 shares of the energy exploration company's stock valued at $1,446,000 after acquiring an additional 1,015 shares during the last quarter. Capital Asset Advisory Services LLC boosted its stake in EOG Resources by 5.4% in the fourth quarter. Capital Asset Advisory Services LLC now owns 15,840 shares of the energy exploration company's stock valued at $2,005,000 after acquiring an additional 810 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new position in EOG Resources in the fourth quarter valued at about $123,000. Finally, United Asset Strategies Inc. boosted its stake in EOG Resources by 9.1% in the fourth quarter. United Asset Strategies Inc. now owns 6,627 shares of the energy exploration company's stock valued at $812,000 after acquiring an additional 555 shares during the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on EOG shares. Wall Street Zen cut shares of EOG Resources from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. Mizuho dropped their target price on shares of EOG Resources from $140.00 to $134.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. Piper Sandler dropped their target price on shares of EOG Resources from $135.00 to $133.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. Williams Trading set a $154.00 target price on shares of EOG Resources in a research note on Wednesday, March 5th. Finally, Wells Fargo & Company dropped their target price on shares of EOG Resources from $150.00 to $146.00 and set an "overweight" rating on the stock in a research note on Thursday, March 13th. Eleven investment 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's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $139.79.

Insider Buying and Selling

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

EOG Resources Price Performance

EOG Resources stock traded down $1.34 during midday trading on Friday, reaching $108.54. 5,535,455 shares of the stock were exchanged, compared to its average volume of 3,283,432. The company's fifty day moving average is $113.11 and its 200-day moving average is $123.22. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The firm has a market cap of $59.24 billion, a PE ratio of 8.74, a PEG ratio of 3.58 and a beta of 0.78. EOG Resources, Inc. has a 52 week low of $102.52 and a 52 week high of $138.18.

EOG Resources (NYSE:EOG - Get Free Report) last posted its earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share 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 analyst estimates of $5.92 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. EOG Resources's revenue was down 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.82 EPS. On average, sell-side analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 17th will be issued a dividend of $0.975 per share. This represents a $3.90 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date is Thursday, July 17th. EOG Resources's dividend payout ratio (DPR) is presently 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.