Peregrine Asset Advisers Inc. Invests $3.11 Million in EOG Resources, Inc. $EOG

Key Points

• Peregrine Asset Advisers opened a new position in EOG Resources in the 4th quarter, buying 29,629 shares valued at about $3.11 million.
• EOG beat recent quarterly estimates with $2.27 EPS vs. $2.20 expected and revenue of $5.64 billion (vs. $5.36B est.), and trades at a market cap of roughly $74.5 billion with a PE of 15.27.
• The company pays a quarterly dividend of $1.02 (annualized $4.08, yield ~2.9%, payout ratio ~44.8%), while insiders have sold shares recently (~18,230 shares, $2.52M) and institutional investors own about 89.91% of the stock.

Peregrine Asset Advisers Inc. acquired a new position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 29,629 shares of the energy exploration company's stock, valued at approximately $3,111,000.

Several other hedge funds have also made changes to their positions in EOG. Sivia Capital Partners LLC acquired a new stake in shares of EOG Resources during the second quarter worth $258,000. Quantbot Technologies LP acquired a new stake in shares of EOG Resources during the second quarter worth $349,000. Gamco Investors INC. ET AL boosted its holdings in EOG Resources by 216.1% in the second quarter. Gamco Investors INC. ET AL now owns 6,560 shares of the energy exploration company's stock valued at $785,000 after acquiring an additional 4,485 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in EOG Resources by 2.0% in the second quarter. NewEdge Advisors LLC now owns 22,780 shares of the energy exploration company's stock valued at $2,725,000 after acquiring an additional 444 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in EOG Resources by 4.4% in the second quarter. Sei Investments Co. now owns 362,446 shares of the energy exploration company's stock valued at $43,356,000 after acquiring an additional 15,250 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company's stock.

EOG Resources Trading Up 0.1%

NYSE:EOG opened at $139.09 on Monday. The business's 50-day moving average is $134.92 and its two-hundred day moving average is $117.72. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.63 and a quick ratio of 1.42. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $151.87. The firm has a market capitalization of $74.51 billion, a PE ratio of 15.27, a price-to-earnings-growth ratio of 1.73 and a beta of 0.27.

EOG Resources (NYSE:EOG - Get Free Report) last released its quarterly earnings data on Tuesday, February 24th. The energy exploration company reported $2.27 EPS for the quarter, beating the consensus estimate of $2.20 by $0.07. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.The company had revenue of $5.64 billion for the quarter, compared to analyst estimates of $5.36 billion. During the same period last year, the company posted $2.74 earnings per share. The firm's revenue was up .9% compared to the same quarter last year. Research analysts predict that EOG Resources, Inc. will post 14.75 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th were given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Thursday, April 16th. EOG Resources's payout ratio is presently 44.79%.

Insider Transactions at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 5,698 shares of EOG Resources stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total transaction of $856,523.36. Following the sale, the chief operating officer directly owned 88,045 shares of the company's stock, valued at approximately $13,234,924.40. The trade was a 6.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Ann D. Janssen sold 4,161 shares of EOG Resources stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $140.04, for a total value of $582,706.44. Following the sale, the chief financial officer directly owned 100,246 shares in the company, valued at approximately $14,038,449.84. The trade was a 3.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 18,230 shares of company stock worth $2,522,568. Corporate insiders own 0.14% of the company's stock.

Analyst Ratings Changes

EOG has been the topic of a number of research analyst reports. Zacks Research upgraded EOG Resources from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 28th. Barclays lifted their target price on EOG Resources from $133.00 to $140.00 and gave the company an "equal weight" rating in a report on Monday, March 16th. Raymond James Financial lifted their target price on EOG Resources from $157.00 to $185.00 and gave the company a "strong-buy" rating in a report on Friday, March 27th. Mizuho lifted their target price on EOG Resources from $146.00 to $147.00 and gave the company a "neutral" rating in a report on Wednesday, April 1st. Finally, Jefferies Financial Group lifted their target price on EOG Resources from $146.00 to $170.00 and gave the company a "buy" rating in a report on Monday, April 13th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seventeen have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $153.68.

EOG Resources Company Profile

EOG Resources, Inc NYSE: EOG is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG's core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.

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