Robeco Institutional Asset Management B.V. Buys 53,934 Shares of EOG Resources, Inc. $EOG

Key Points

• Robeco Institutional Asset Management increased its stake in EOG by 8.9%, buying 53,934 shares to own 660,273 shares worth about $69.34 million (≈0.12% of the company) at quarter end.
• EOG beat Q4 estimates with $2.27 EPS vs. $2.20 expected and $5.64B revenue, and declared a $1.02 quarterly dividend ($4.08 annual, ~3.0% yield) payable April 30 (ex-dividend April 16).
• Insiders have been net sellers (18,230 shares sold in the last 90 days) while analysts’ consensus rating is "Hold" with an average target price of $148.11.

Robeco Institutional Asset Management B.V. boosted its stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 8.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 660,273 shares of the energy exploration company's stock after acquiring an additional 53,934 shares during the period. Robeco Institutional Asset Management B.V. owned 0.12% of EOG Resources worth $69,335,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. JCIC Asset Management Inc. bought a new position in shares of EOG Resources in the 3rd quarter valued at $32,000. Olistico Wealth LLC bought a new position in shares of EOG Resources in the 4th quarter valued at $33,000. Salomon & Ludwin LLC grew its position in EOG Resources by 122.8% during the 3rd quarter. Salomon & Ludwin LLC now owns 323 shares of the energy exploration company's stock worth $36,000 after acquiring an additional 178 shares during the last quarter. Mountain Hill Investment Partners Corp. bought a new stake in EOG Resources during the 3rd quarter worth $37,000. Finally, Quent Capital LLC bought a new stake in EOG Resources during the 3rd quarter worth $37,000. Institutional investors own 89.91% of the company's stock.

EOG Resources Stock Up 0.1%

Shares of NYSE:EOG opened at $136.26 on Monday. The company has a market capitalization of $73.00 billion, a price-to-earnings ratio of 14.96, a P/E/G ratio of 2.84 and a beta of 0.32. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.63 and a quick ratio of 1.42. The business's 50-day moving average is $130.01 and its 200-day moving average is $115.51. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year high of $151.87.

EOG Resources (NYSE:EOG - Get Free Report) last announced its quarterly earnings data on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.20 by $0.07. The company had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.36 billion. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.The firm's revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the business earned $2.74 EPS. Equities research analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Thursday, April 16th. EOG Resources's payout ratio is currently 44.79%.

Insider Transactions at EOG Resources

In other EOG Resources news, 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 value of $856,523.36. Following the transaction, the chief operating officer owned 88,045 shares in the company, valued at approximately $13,234,924.40. This represents a 6.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Ann D. Janssen sold 4,161 shares of the firm's 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 $14,038,449.84. This trade represents a 3.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 18,230 shares of company stock valued at $2,522,568 over the last ninety days. 0.14% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Stephens boosted their price objective on EOG Resources from $139.00 to $170.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 31st. The Goldman Sachs Group reduced their price objective on EOG Resources from $125.00 to $123.00 and set a "neutral" rating on the stock in a research report on Thursday, January 22nd. Truist Financial initiated coverage on EOG Resources in a research report on Tuesday, March 24th. They set a "hold" rating and a $146.00 price objective on the stock. Jefferies Financial Group lifted their target price on EOG Resources from $140.00 to $146.00 and gave the stock a "buy" rating in a report on Monday, March 2nd. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of EOG Resources in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eighteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, EOG Resources currently has a consensus rating of "Hold" and an average target price of $148.11.

About EOG Resources

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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