Neo Ivy Capital Management Has $2.75 Million Position in EOG Resources, Inc. (NYSE:EOG)

Neo Ivy Capital Management lifted its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 15,497.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 22,461 shares of the energy exploration company's stock after buying an additional 22,317 shares during the quarter. Neo Ivy Capital Management's holdings in EOG Resources were worth $2,753,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Financial Life Planners acquired a new stake in shares of EOG Resources in the 4th quarter valued at about $25,000. Y.D. More Investments Ltd lifted its position in EOG Resources by 149.4% during the 4th quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company's stock worth $25,000 after acquiring an additional 121 shares during the period. Mainstream Capital Management LLC acquired a new stake in shares of EOG Resources in the 4th quarter valued at approximately $25,000. Keystone Financial Group Inc. purchased a new position in EOG Resources in the 4th quarter valued at approximately $27,000. Finally, Lee Danner & Bass Inc. purchased a new position in EOG Resources in the 4th quarter valued at approximately $28,000. Hedge funds and other institutional investors own 89.91% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on EOG shares. Scotiabank raised EOG Resources from a "sector perform" rating to a "sector outperform" rating and dropped their price objective for the company from $150.00 to $130.00 in a research note on Friday, April 11th. Mizuho dropped their price target on EOG Resources from $140.00 to $134.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Williams Trading set a $154.00 price target on EOG Resources in a research report on Wednesday, March 5th. Wells Fargo & Company dropped their price target on EOG Resources from $150.00 to $146.00 and set an "overweight" rating for the company in a research report on Thursday, March 13th. Finally, Raymond James reissued a "strong-buy" rating on shares of EOG Resources in a research report on Tuesday, May 20th. Eleven analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $139.79.

Insider Activity

In other 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 transaction, the chief operating officer now directly owns 47,732 shares of the company's stock, valued at approximately $6,098,240.32. This represents a 7.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.13% of the company's stock.

EOG Resources Stock Down 0.5%

Shares of NYSE EOG traded down $0.58 during midday trading on Friday, reaching $110.22. 1,993,260 shares of the company's stock were exchanged, compared to its average volume of 3,291,067. EOG Resources, Inc. has a 52-week low of $102.52 and a 52-week high of $138.18. The stock has a market capitalization of $60.15 billion, a PE ratio of 8.87, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The business's fifty day moving average price is $114.71 and its two-hundred day moving average price is $123.89.

EOG Resources (NYSE:EOG - Get Free Report) last announced its earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.75 by $0.12. The business had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.92 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The company's revenue for the quarter was down 7.4% compared to the same quarter last year. During the same period in the previous year, the company earned $2.82 earnings per share. Analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 17th will be issued a $0.975 dividend. This represents a $3.90 annualized dividend and a yield of 3.54%. The ex-dividend date of this dividend is Thursday, July 17th. EOG Resources's dividend payout ratio is currently 36.18%.

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.