EOG Resources, Inc. (NYSE:EOG) Stock Position Increased by Tidal Investments LLC

Tidal Investments LLC lifted its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 12.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 66,384 shares of the energy exploration company's stock after buying an additional 7,594 shares during the period. Tidal Investments LLC's holdings in EOG Resources were worth $8,137,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of EOG. Financial Life Planners bought a new stake in shares of EOG Resources in the 4th quarter worth $25,000. Y.D. More Investments Ltd raised its stake in shares of EOG Resources by 149.4% in the 4th quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company's stock worth $25,000 after buying an additional 121 shares in the last quarter. Mainstream Capital Management LLC bought a new stake in shares of EOG Resources in the 4th quarter worth $25,000. Keystone Financial Group Inc. bought a new stake in shares of EOG Resources in the 4th quarter worth $27,000. Finally, Lee Danner & Bass Inc. bought a new stake in shares of EOG Resources in the 4th quarter worth $28,000. Institutional investors own 89.91% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on EOG. Wells Fargo & Company cut their target price on EOG Resources from $150.00 to $146.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. JPMorgan Chase & Co. cut their target price on EOG Resources from $149.00 to $132.00 and set a "neutral" rating on the stock in a research report on Thursday, March 13th. Morgan Stanley cut their target price on EOG Resources from $142.00 to $136.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 27th. Williams Trading set a $154.00 target price on EOG Resources in a research report on Wednesday, March 5th. Finally, Susquehanna cut their target price on EOG Resources from $161.00 to $156.00 and set a "positive" rating on the stock in a research report on Tuesday, April 22nd. Eleven research 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. According to MarketBeat, EOG Resources presently has an average rating of "Moderate Buy" and an average target price of $140.63.

EOG Resources Trading Down 1.3%

Shares of NYSE EOG opened at $113.99 on Tuesday. The stock has a market cap of $62.21 billion, a price-to-earnings ratio of 9.18, a PEG ratio of 3.58 and a beta of 0.78. The business has a 50 day simple moving average of $115.64 and a 200 day simple moving average of $124.27. EOG Resources, Inc. has a 52 week low of $102.52 and a 52 week high of $138.18. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31.

EOG Resources (NYSE:EOG - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The energy exploration company reported $2.87 EPS for the quarter, beating the consensus estimate of $2.75 by $0.12. The business had revenue of $5.84 billion during the quarter, compared to analysts' expectations of $5.92 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The firm's quarterly revenue was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.82 EPS. On average, research analysts predict that EOG Resources, Inc. will post 11.47 earnings per share 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. Investors of record on Thursday, July 17th will be paid a $0.975 dividend. The ex-dividend date of this dividend is Thursday, July 17th. This represents a $3.90 annualized dividend and a dividend yield of 3.42%. EOG Resources's payout ratio is 36.18%.

Insider Activity at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total transaction of $515,767.12. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is currently owned by company insiders.

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.

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