EOG Resources, Inc. (NYSE:EOG) Shares Acquired by QRG Capital Management Inc.

QRG Capital Management Inc. boosted its stake in EOG Resources, Inc. (NYSE:EOG - Free Report) by 91.7% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 184,952 shares of the energy exploration company's stock after acquiring an additional 88,461 shares during the quarter. QRG Capital Management Inc.'s holdings in EOG Resources were worth $23,718,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EOG. Mainstream Capital Management LLC acquired a new stake in EOG Resources in the 4th quarter worth about $25,000. Lee Danner & Bass Inc. acquired a new stake in shares of EOG Resources in the fourth quarter worth approximately $28,000. Heritage Wealth Advisors increased its position in shares of EOG Resources by 562.2% during the fourth quarter. Heritage Wealth Advisors now owns 245 shares of the energy exploration company's stock worth $30,000 after purchasing an additional 208 shares in the last quarter. Sierra Ocean LLC acquired a new position in EOG Resources in the 4th quarter valued at $32,000. Finally, Ameriflex Group Inc. purchased a new position in EOG Resources in the 4th quarter valued at $36,000. Hedge funds and other institutional investors own 89.91% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on EOG shares. Jefferies Financial Group reiterated a "buy" rating and issued a $148.00 target price (up from $144.00) on shares of EOG Resources in a research report on Friday. Citigroup cut their price objective on shares of EOG Resources from $134.00 to $125.00 and set a "neutral" rating for the company in a report on Monday, March 17th. Piper Sandler decreased their target price on shares of EOG Resources from $135.00 to $133.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. Scotiabank upgraded EOG Resources from a "sector perform" rating to a "sector outperform" rating and dropped their price target for the company from $150.00 to $130.00 in a research report on Friday, April 11th. Finally, Williams Trading set a $154.00 price target on EOG Resources in a report on Wednesday, March 5th. Eleven research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $140.10.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total value of $515,767.12. Following the sale, 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 position. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.13% of the stock is owned by corporate insiders.

EOG Resources Stock Down 1.7%

Shares of EOG traded down $2.09 during mid-day trading on Monday, hitting $123.20. 5,138,602 shares of the company's stock were exchanged, compared to its average volume of 3,336,422. The stock's 50-day moving average is $111.99 and its 200-day moving average is $121.75. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. 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 cap of $67.24 billion, a price-to-earnings ratio of 9.92, a P/E/G ratio of 3.58 and a beta of 0.74.

EOG Resources (NYSE:EOG - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $5.84 billion during the quarter, compared to analysts' expectations of $5.92 billion. During the same quarter last year, the company posted $2.82 EPS. The firm's revenue was down 7.4% compared to the same quarter last year. On average, sell-side analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 17th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 3.31%. This is a boost from EOG Resources's previous quarterly dividend of $0.98. The ex-dividend date is Friday, October 17th. EOG Resources's payout ratio is presently 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.