EOG Resources, Inc. (NYSE:EOG) Stock Position Raised by Picton Mahoney Asset Management

Picton Mahoney Asset Management lifted its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 30,680.0% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 3,078 shares of the energy exploration company's stock after purchasing an additional 3,068 shares during the quarter. Picton Mahoney Asset Management's holdings in EOG Resources were worth $395,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. Capital World Investors boosted its stake in shares of EOG Resources by 5.2% during the 4th quarter. Capital World Investors now owns 45,919,327 shares of the energy exploration company's stock valued at $5,628,497,000 after buying an additional 2,270,013 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of EOG Resources by 14,784.1% during the 1st quarter. GAMMA Investing LLC now owns 1,281,374 shares of the energy exploration company's stock valued at $164,323,000 after buying an additional 1,272,765 shares during the last quarter. Deutsche Bank AG boosted its stake in shares of EOG Resources by 58.6% during the 4th quarter. Deutsche Bank AG now owns 2,081,409 shares of the energy exploration company's stock valued at $255,139,000 after buying an additional 769,362 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of EOG Resources by 134.7% during the 4th quarter. AQR Capital Management LLC now owns 1,294,824 shares of the energy exploration company's stock valued at $158,720,000 after buying an additional 743,202 shares during the last quarter. Finally, Demars Financial Group LLC raised its position in shares of EOG Resources by 12,422.5% during the 4th quarter. Demars Financial Group LLC now owns 643,156 shares of the energy exploration company's stock valued at $78,838,000 after acquiring an additional 638,020 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company's stock.

Insider Buying and Selling at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 3,951 shares of the stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $119.65, for a total value of $472,737.15. Following the completion of the sale, the chief operating officer directly owned 45,739 shares of the company's stock, valued at approximately $5,472,671.35. This represents a 7.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.13% of the stock is owned by company insiders.

EOG Resources Price Performance

EOG stock traded down $3.38 during trading hours on Friday, hitting $116.64. 2,688,978 shares of the stock traded hands, compared to its average volume of 2,830,165. The stock has a 50-day simple moving average of $118.96 and a 200 day simple moving average of $120.65. EOG Resources, Inc. has a one year low of $102.52 and a one year high of $138.18. The company has a market cap of $63.66 billion, a P/E ratio of 10.82, a P/E/G ratio of 9.22 and a beta of 0.80. The company has a current ratio of 1.87, a quick ratio of 1.71 and a debt-to-equity ratio of 0.12.

EOG Resources (NYSE:EOG - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share for the quarter, beating analysts' consensus estimates of $2.75 by $0.12. EOG Resources had a return on equity of 22.35% and a net margin of 26.14%. The business had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.92 billion. During the same quarter last year, the company posted $2.82 EPS. EOG Resources's revenue for the quarter was down 7.4% on a year-over-year basis. Equities analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 17th will be given a $1.02 dividend. This is a positive change from EOG Resources's previous quarterly dividend of $0.98. The ex-dividend date is Friday, October 17th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.5%. EOG Resources's dividend payout ratio is 36.18%.

Analyst Ratings Changes

EOG has been the topic of several research reports. UBS Group reissued a "buy" rating and set a $140.00 price target (up from $135.00) on shares of EOG Resources in a research report on Tuesday, June 3rd. KeyCorp dropped their price target on EOG Resources from $150.00 to $140.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. Raymond James Financial upped their price target on EOG Resources from $158.00 to $161.00 and gave the company a "strong-buy" rating in a research report on Tuesday, July 22nd. Piper Sandler dropped their price target on EOG Resources from $138.00 to $136.00 and set a "neutral" rating on the stock in a research report on Thursday, July 17th. Finally, Wells Fargo & Company reissued an "overweight" rating on shares of EOG Resources in a research report on Sunday, June 22nd. Twelve equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, EOG Resources currently has a consensus rating of "Moderate Buy" and an average price target of $140.62.

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.