GF Fund Management CO. LTD. Decreases Stake in EOG Resources, Inc. (NYSE:EOG)

GF Fund Management CO. LTD. trimmed its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 3.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 147,963 shares of the energy exploration company's stock after selling 5,860 shares during the period. GF Fund Management CO. LTD.'s holdings in EOG Resources were worth $18,975,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Lee Danner & Bass Inc. bought a new position in EOG Resources during the 4th quarter valued at about $28,000. Heritage Wealth Advisors grew its holdings in EOG Resources by 562.2% during the 4th quarter. Heritage Wealth Advisors now owns 245 shares of the energy exploration company's stock valued at $30,000 after purchasing an additional 208 shares during the last quarter. Alpine Bank Wealth Management bought a new position in EOG Resources during the 1st quarter valued at about $34,000. Ameriflex Group Inc. bought a new position in EOG Resources during the 4th quarter valued at about $36,000. Finally, 10Elms LLP bought a new position in EOG Resources during the 4th quarter valued at about $44,000. 89.91% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, COO Jeffrey R. Leitzell sold 3,951 shares of the stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $119.65, for a total transaction of $472,737.15. Following the completion of the sale, the chief operating officer owned 45,739 shares of the company's stock, valued at $5,472,671.35. This represents a 7.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.13% of the stock is owned by insiders.

EOG Resources Stock Up 1.3%

Shares of EOG traded up $1.63 during mid-day trading on Friday, hitting $124.51. The company's stock had a trading volume of 1,437,151 shares, compared to its average volume of 3,404,460. The company's 50-day moving average is $115.78 and its 200-day moving average is $121.25. EOG Resources, Inc. has a 52-week low of $102.52 and a 52-week high of $138.18. The firm has a market capitalization of $67.95 billion, a price-to-earnings ratio of 11.55, a PEG ratio of 9.94 and a beta of 0.76. 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 posted its earnings results on Thursday, May 1st. The energy exploration company reported $2.87 EPS for the quarter, beating analysts' consensus estimates of $2.75 by $0.12. EOG Resources had a net margin of 26.14% and a return on equity of 22.35%. The company had revenue of $5.84 billion during the quarter, compared to analysts' expectations of $5.92 billion. During the same quarter in the prior year, the company posted $2.82 earnings per share. EOG Resources's revenue for the quarter was down 7.4% compared to the same quarter last year. On average, equities research analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 17th will be given a dividend of $1.02 per share. This is a boost 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 yield of 3.28%. EOG Resources's dividend payout ratio is presently 36.18%.

Wall Street Analyst Weigh In

EOG has been the topic of a number of research analyst reports. Bank of America dropped their target price on shares of EOG Resources from $125.00 to $124.00 and set a "neutral" rating on the stock in a research note on Friday, May 23rd. Citigroup dropped their target price on shares of EOG Resources from $134.00 to $125.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. Barclays upped their target price on shares of EOG Resources from $137.00 to $140.00 and gave the stock an "equal weight" rating in a research note on Monday, June 2nd. Raymond James Financial upped their target price on shares of EOG Resources from $148.00 to $158.00 and gave the stock a "strong-buy" rating in a research note on Monday, June 2nd. Finally, 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. Twelve equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $139.48.

About EOG Resources

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.