GF Fund Management CO. LTD. Purchases New Shares in EOG Resources, Inc. (NYSE:EOG)

GF Fund Management CO. LTD. acquired a new position in EOG Resources, Inc. (NYSE:EOG - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 153,823 shares of the energy exploration company's stock, valued at approximately $18,856,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. University of Texas Texas AM Investment Management Co. purchased a new stake in EOG Resources in the fourth quarter worth approximately $1,691,000. Parr Mcknight Wealth Management Group LLC purchased a new position in shares of EOG Resources during the 4th quarter worth $1,666,000. Neo Ivy Capital Management boosted its stake in shares of EOG Resources by 15,497.9% during the 4th quarter. Neo Ivy Capital Management now owns 22,461 shares of the energy exploration company's stock worth $2,753,000 after acquiring an additional 22,317 shares during the last quarter. Vise Technologies Inc. boosted its stake in shares of EOG Resources by 103.6% during the 4th quarter. Vise Technologies Inc. now owns 14,993 shares of the energy exploration company's stock worth $1,838,000 after acquiring an additional 7,629 shares during the last quarter. Finally, Inspire Trust Co. N.A. boosted its stake in shares of EOG Resources by 13.2% during the 4th quarter. Inspire Trust Co. N.A. now owns 8,600 shares of the energy exploration company's stock worth $1,054,000 after acquiring an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company's stock.

Insiders Place Their Bets

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of the firm's stock in a transaction dated 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 directly owns 47,732 shares of the company's stock, valued at approximately $6,098,240.32. This trade represents a 7.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.13% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

EOG has been the topic of several recent analyst reports. Wells Fargo & Company decreased their price objective on shares of EOG Resources from $150.00 to $146.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. Raymond James reiterated a "strong-buy" rating on shares of EOG Resources in a report on Tuesday, May 20th. Morgan Stanley lifted their price objective on shares of EOG Resources from $131.00 to $132.00 and gave the stock an "equal weight" rating in a research note on Friday. JPMorgan Chase & Co. dropped their price objective on shares of EOG Resources from $149.00 to $132.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. Finally, Piper Sandler dropped their price objective on shares of EOG Resources from $135.00 to $133.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. Eleven investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, EOG Resources has a consensus rating of "Moderate Buy" and a consensus price target of $139.79.

EOG Resources Stock Performance

EOG Resources stock traded up $1.02 during mid-day trading on Tuesday, reaching $111.20. 2,475,129 shares of the company traded hands, compared to its average volume of 3,287,803. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. EOG Resources, Inc. has a fifty-two week low of $102.52 and a fifty-two week high of $138.18. The company has a market capitalization of $60.69 billion, a price-to-earnings ratio of 8.95, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78. The firm's fifty day moving average is $114.41 and its two-hundred day moving average is $123.73.

EOG Resources (NYSE:EOG - Get Free Report) last released its quarterly earnings data 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. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The business had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.92 billion. During the same period in the prior year, the firm earned $2.82 EPS. The business's revenue for the quarter was down 7.4% on a year-over-year basis. On average, equities research analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

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 issued a dividend of $0.975 per share. This represents a $3.90 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date of this dividend is Thursday, July 17th. EOG Resources's dividend payout ratio (DPR) is presently 36.18%.

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.