PKO Investment Management Joint Stock Co Takes $2.12 Million Position in EOG Resources, Inc. (NYSE:EOG)

PKO Investment Management Joint Stock Co acquired a new position in EOG Resources, Inc. (NYSE:EOG - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 17,300 shares of the energy exploration company's stock, valued at approximately $2,121,000.

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

Insider Buying and Selling at EOG Resources

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

EOG Resources Stock Performance

NYSE EOG traded down $1.34 during trading hours on Friday, reaching $108.54. The stock had a trading volume of 5,535,455 shares, compared to its average volume of 3,283,429. EOG Resources, Inc. has a 52-week low of $102.52 and a 52-week high of $138.18. The stock has a fifty day moving average of $113.49 and a 200 day moving average of $123.39. 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 stock has a market cap of $59.24 billion, a P/E ratio of 8.74, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78.

EOG Resources (NYSE:EOG - Get Free Report) last announced 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. The business had revenue of $5.84 billion during the quarter, compared to analysts' expectations of $5.92 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The business's quarterly revenue was down 7.4% compared to the same quarter last year. During the same period in the previous year, the business posted $2.82 EPS. Sell-side analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 17th will be given a dividend of $0.975 per share. The ex-dividend date of this dividend is Thursday, July 17th. This represents a $3.90 dividend on an annualized basis and a yield of 3.59%. EOG Resources's dividend payout ratio is presently 36.18%.

Wall Street Analysts Forecast Growth

EOG has been the subject of a number of analyst reports. Williams Trading set a $154.00 target price on shares of EOG Resources in a research report on Wednesday, March 5th. Piper Sandler reduced their price target 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. Barclays decreased their price objective on EOG Resources from $140.00 to $137.00 and set an "equal weight" rating for the company in a report on Friday, May 2nd. Raymond James restated a "strong-buy" rating on shares of EOG Resources in a research note on Tuesday, May 20th. Finally, Citigroup reduced their target price on EOG Resources from $134.00 to $125.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. Eleven research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $139.79.

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.