Quantitative Investment Management LLC Purchases Shares of 3,653 EOG Resources, Inc. $EOG

Key Points

• Quantitative Investment Management LLC has made a new investment of approximately $468,000 in EOG Resources, acquiring 3,653 shares during the first quarter.
• EOG Resources recently announced a quarterly dividend increase to $1.02 per share, up from $0.98, with a dividend yield of 3.4%.
• Analysts have mixed views on EOG Resources, with the consensus rating being a "Moderate Buy" and a target price of $143.61.

Quantitative Investment Management LLC purchased a new position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,653 shares of the energy exploration company's stock, valued at approximately $468,000.

Several other institutional investors also recently modified their holdings of EOG. Banque Cantonale Vaudoise acquired a new position in EOG Resources during the first quarter worth approximately $26,000. Alpine Bank Wealth Management acquired a new position in EOG Resources in the 1st quarter valued at $34,000. Ameriflex Group Inc. acquired a new position in EOG Resources in the 4th quarter valued at $36,000. 10Elms LLP bought a new stake in shares of EOG Resources in the fourth quarter valued at approximately $44,000. Finally, Stone House Investment Management LLC acquired a new stake in shares of EOG Resources during the 1st quarter worth $48,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 3,951 shares of the stock in a transaction on Monday, June 30th. The stock was sold at an average price of $119.65, for a total value of $472,737.15. Following the completion of the sale, the chief operating officer directly owned 45,739 shares in the company, valued at $5,472,671.35. This represents a 7.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Royal Bank Of Canada reduced their price objective on shares of EOG Resources from $145.00 to $140.00 and set an "outperform" rating on the stock in a research note on Tuesday, July 8th. Bank of America lowered their price objective on shares of EOG Resources from $125.00 to $124.00 and set a "neutral" rating for the company in a research report on Friday, May 23rd. Melius assumed coverage on shares of EOG Resources in a research report on Wednesday, August 20th. They set a "buy" rating and a $173.00 price objective for the company. Stephens started coverage on shares of EOG Resources in a research report on Tuesday, June 17th. They set an "equal weight" rating and a $137.00 price objective for the company. Finally, Melius Research started coverage on EOG Resources in a research report on Wednesday, August 20th. They set a "buy" rating and a $173.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $143.61.

EOG Resources Price Performance

Shares of EOG stock traded up $0.55 on Friday, hitting $124.89. 1,737,955 shares of the company's stock were exchanged, compared to its average volume of 3,557,974. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.79 and a quick ratio of 1.61. EOG Resources, Inc. has a 12 month low of $102.52 and a 12 month high of $138.18. The stock has a market cap of $68.19 billion, a P/E ratio of 12.14, a price-to-earnings-growth ratio of 9.39 and a beta of 0.80. The company has a 50 day moving average of $120.07 and a 200 day moving average of $119.00.

EOG Resources (NYSE:EOG - Get Free Report) last issued its earnings results on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.14 by $0.18. The business had revenue of $5.48 billion during the quarter, compared to analysts' expectations of $5.45 billion. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.The business's revenue for the quarter was down 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.16 EPS. On average, equities research analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current year.

About EOG Resources

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.