EOG Resources, Inc. (NYSE:EOG) Shares Purchased by IFM Investors Pty Ltd

IFM Investors Pty Ltd raised its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 9.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 121,926 shares of the energy exploration company's stock after buying an additional 10,481 shares during the period. IFM Investors Pty Ltd's holdings in EOG Resources were worth $14,988,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wealthfront Advisers LLC raised its position in shares of EOG Resources by 4,642.2% during the 4th quarter. Wealthfront Advisers LLC now owns 2,852,238 shares of the energy exploration company's stock worth $349,627,000 after acquiring an additional 2,792,092 shares in the last quarter. Capital World Investors increased its stake in EOG Resources by 5.2% in the fourth quarter. Capital World Investors now owns 45,919,327 shares of the energy exploration company's stock valued at $5,628,497,000 after purchasing an additional 2,270,013 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in EOG Resources during the fourth quarter worth approximately $171,193,000. GAMMA Investing LLC lifted its position 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 worth $164,323,000 after buying an additional 1,272,765 shares during the last quarter. Finally, Deutsche Bank AG boosted its holdings in shares of EOG Resources by 58.6% in 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 in the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Stephens began coverage on shares of EOG Resources in a research report on Tuesday, June 17th. They issued an "equal weight" rating and a $137.00 price target for the company. Piper Sandler cut their target price on EOG Resources from $135.00 to $133.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd. Scotiabank raised EOG Resources from a "sector perform" rating to a "sector outperform" rating and decreased their target price for the company from $150.00 to $130.00 in a research report on Friday, April 11th. Susquehanna cut their price target 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. Finally, Mizuho reduced their price objective on EOG Resources from $140.00 to $134.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Twelve research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $139.48.

EOG Resources Stock Performance

NYSE EOG traded up $1.63 on Friday, hitting $124.51. 1,437,151 shares of the company's stock were exchanged, compared to its average volume of 3,404,460. The firm has a market cap of $67.95 billion, a price-to-earnings ratio of 11.55, a P/E/G ratio of 9.94 and a beta of 0.76. The firm's 50-day moving average price is $115.78 and its two-hundred day moving average price is $121.25. 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 debt-to-equity ratio of 0.12, a current ratio of 1.87 and a quick ratio of 1.71.

EOG Resources (NYSE:EOG - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share for the quarter, topping 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 firm had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.92 billion. During the same quarter in the prior year, the company posted $2.82 earnings per share. EOG Resources's quarterly revenue was down 7.4% on a year-over-year basis. On average, research analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 17th will be paid a $1.02 dividend. This is a boost from EOG Resources's previous quarterly dividend of $0.98. The ex-dividend date of this dividend is Friday, October 17th. This represents a $4.08 annualized dividend and a dividend yield of 3.28%. EOG Resources's dividend payout ratio (DPR) is 36.18%.

Insider Buying and Selling

In other EOG Resources news, COO Jeffrey R. Leitzell sold 3,951 shares of the stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $119.65, for a total value of $472,737.15. Following the completion of the transaction, the chief operating officer directly owned 45,739 shares of the company's stock, valued at approximately $5,472,671.35. This trade represents a 7.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.13% of the company's stock.

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.