R Squared Ltd Buys 7,926 Shares of EOG Resources, Inc. $EOG

R Squared Ltd raised its stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 109.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 15,146 shares of the energy exploration company's stock after acquiring an additional 7,926 shares during the period. EOG Resources makes up approximately 0.7% of R Squared Ltd's holdings, making the stock its 20th biggest position. R Squared Ltd's holdings in EOG Resources were worth $1,590,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of EOG. JCIC Asset Management Inc. bought a new position in shares of EOG Resources in the 3rd quarter worth approximately $32,000. Olistico Wealth LLC bought a new position in shares of EOG Resources in the 4th quarter worth approximately $33,000. Salomon & Ludwin LLC lifted its stake in shares of EOG Resources by 122.8% in the 3rd quarter. Salomon & Ludwin LLC now owns 323 shares of the energy exploration company's stock worth $36,000 after purchasing an additional 178 shares during the period. Mountain Hill Investment Partners Corp. bought a new position in shares of EOG Resources in the 3rd quarter worth approximately $37,000. Finally, Quent Capital LLC bought a new position in shares of EOG Resources in the 3rd quarter worth approximately $37,000. Institutional investors own 89.91% of the company's stock.

Analyst Upgrades and Downgrades

EOG has been the topic of several recent research reports. Royal Bank Of Canada increased their price objective on shares of EOG Resources from $138.00 to $175.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 8th. Morgan Stanley increased their price objective on shares of EOG Resources from $128.00 to $155.00 and gave the stock an "equal weight" rating in a research note on Friday, March 27th. Mizuho increased their price objective on shares of EOG Resources from $146.00 to $147.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 1st. Truist Financial initiated coverage on shares of EOG Resources in a research note on Tuesday, March 24th. They issued a "hold" rating and a $146.00 price objective on the stock. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of EOG Resources in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eighteen have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $153.68.

EOG Resources Trading Up 0.1%

EOG Resources stock opened at $133.32 on Tuesday. The firm has a 50 day moving average of $133.93 and a 200 day moving average of $117.10. The firm has a market capitalization of $71.42 billion, a price-to-earnings ratio of 14.63, a P/E/G ratio of 2.65 and a beta of 0.32. EOG Resources, Inc. has a 12-month low of $101.59 and a 12-month high of $151.87. The company has a current ratio of 1.63, a quick ratio of 1.42 and a debt-to-equity ratio of 0.27.

EOG Resources (NYSE:EOG - Get Free Report) last released its earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.07. The company had revenue of $5.64 billion during the quarter, compared to analyst estimates of $5.36 billion. EOG Resources had a net margin of 22.00% and a return on equity of 18.67%. The firm's quarterly revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.74 EPS. As a group, research analysts predict that EOG Resources, Inc. will post 13.45 earnings per share for the current year.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 16th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Thursday, April 16th. EOG Resources's dividend payout ratio is currently 44.79%.

Insider Activity at EOG Resources

In related news, CFO Ann D. Janssen sold 4,161 shares of the stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $140.04, for a total value of $582,706.44. Following the completion of the sale, the chief financial officer directly owned 100,246 shares of the company's stock, valued at approximately $14,038,449.84. This represents a 3.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Jeffrey R. Leitzell sold 5,698 shares of the stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total transaction of $856,523.36. Following the completion of the sale, the chief operating officer directly owned 88,045 shares of the company's stock, valued at $13,234,924.40. This represents a 6.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 18,230 shares of company stock valued at $2,522,568 over the last three months. 0.14% of the stock is currently owned by insiders.

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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