EOG Resources, Inc. $EOG Shares Bought by Aigen Investment Management LP

Key Points

• Aigen Investment Management LP boosted its EOG Resources stake by 172% in the fourth quarter, making EOG its 12th-largest holding and a position worth about $4.07 million.
• Wall Street is generally constructive on EOG, with a consensus rating of Moderate Buy and an average price target of $156.32; several firms recently raised targets, though some remain more cautious.
• EOG beat expectations in its latest quarterly results, posting $3.41 EPS on $6.92 billion in revenue, and the company also announced a quarterly dividend of $1.02 per share payable July 31.

Aigen Investment Management LP raised its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 172.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 38,768 shares of the energy exploration company's stock after acquiring an additional 24,517 shares during the period. EOG Resources accounts for about 1.0% of Aigen Investment Management LP's holdings, making the stock its 12th biggest position. Aigen Investment Management LP's holdings in EOG Resources were worth $4,071,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Bollard Group LLC increased its holdings in shares of EOG Resources by 0.8% during the 3rd quarter. Bollard Group LLC now owns 11,747 shares of the energy exploration company's stock worth $1,317,000 after buying an additional 93 shares during the last quarter. Hardy Reed LLC increased its holdings in shares of EOG Resources by 4.5% during the 3rd quarter. Hardy Reed LLC now owns 2,267 shares of the energy exploration company's stock worth $254,000 after buying an additional 97 shares during the last quarter. RKL Wealth Management LLC increased its holdings in shares of EOG Resources by 0.5% during the 3rd quarter. RKL Wealth Management LLC now owns 21,235 shares of the energy exploration company's stock worth $2,381,000 after buying an additional 98 shares during the last quarter. CoreFirst Bank & Trust increased its holdings in shares of EOG Resources by 18.5% during the 3rd quarter. CoreFirst Bank & Trust now owns 640 shares of the energy exploration company's stock worth $72,000 after buying an additional 100 shares during the last quarter. Finally, Ethos Financial Group LLC increased its holdings in shares of EOG Resources by 2.5% during the 4th quarter. Ethos Financial Group LLC now owns 4,180 shares of the energy exploration company's stock worth $439,000 after buying an additional 100 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on EOG shares. DA Davidson upped their price objective on EOG Resources from $148.00 to $153.00 and gave the stock a "buy" rating in a report on Thursday, May 7th. Sanford C. Bernstein decreased their price target on shares of EOG Resources from $167.00 to $155.00 and set a "market perform" rating for the company in a research report on Wednesday, May 20th. Susquehanna upped their price target on shares of EOG Resources from $144.00 to $162.00 and gave the stock a "positive" rating in a research report on Tuesday, April 21st. Wells Fargo & Company set a $196.00 price target on shares of EOG Resources and gave the stock an "overweight" rating in a research report on Wednesday, May 13th. Finally, Williams Trading set a $177.00 price target on shares of EOG Resources in a research report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and sixteen have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $156.32.

Insider Transactions at EOG Resources

In other news, CFO Ann D. Janssen sold 4,161 shares of the company's stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $140.04, for a total value of $582,706.44. Following the sale, the chief financial officer owned 100,246 shares in the company, valued at approximately $14,038,449.84. This represents a 3.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Jeffrey R. Leitzell sold 5,698 shares of the company's stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total transaction of $856,523.36. Following the completion of the sale, the chief operating officer owned 88,045 shares in the company, valued at approximately $13,234,924.40. This trade represents a 6.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.14% of the company's stock.

EOG Resources Stock Performance

NYSE:EOG opened at $136.42 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.72 and a quick ratio of 1.53. The firm has a 50-day moving average of $137.04 and a two-hundred day moving average of $123.87. The stock has a market cap of $72.66 billion, a P/E ratio of 13.43 and a beta of 0.25. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $151.87.

EOG Resources (NYSE:EOG - Get Free Report) last issued its earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.23 by $0.18. The business had revenue of $6.92 billion for the quarter, compared to analyst estimates of $6.18 billion. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The company's revenue for the quarter was up 22.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.87 EPS. On average, research analysts expect that EOG Resources, Inc. will post 16.63 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Friday, July 17th. EOG Resources's dividend payout ratio is 40.16%.

EOG Resources Profile

EOG Resources, Inc NYSE: EOG is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG's core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.

Want to see what other hedge funds are holding EOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EOG Resources, Inc. (NYSE:EOG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.