Thomist Capital Management LP Invests $2.02 Million in EOG Resources, Inc. (NYSE:EOG)

Thomist Capital Management LP bought a new stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 16,600 shares of the energy exploration company's stock, valued at approximately $2,022,000. EOG Resources comprises approximately 0.5% of Thomist Capital Management LP's portfolio, making the stock its 29th largest holding.

A number of other large investors also recently made changes to their positions in the stock. Capital World Investors grew its holdings in EOG Resources by 5.2% during the fourth quarter. Capital World Investors now owns 45,919,327 shares of the energy exploration company's stock valued at $5,628,497,000 after purchasing an additional 2,270,013 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of EOG Resources by 4.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 18,192,314 shares of the energy exploration company's stock valued at $2,230,014,000 after purchasing an additional 781,282 shares during the period. Geode Capital Management LLC increased its stake in EOG Resources by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 12,549,802 shares of the energy exploration company's stock worth $1,541,282,000 after purchasing an additional 234,067 shares in the last quarter. Northern Trust Corp raised its holdings in EOG Resources by 2.9% during the 4th quarter. Northern Trust Corp now owns 5,719,012 shares of the energy exploration company's stock worth $701,036,000 after buying an additional 159,216 shares during the period. Finally, Alliancebernstein L.P. lifted its stake in EOG Resources by 6.9% in the fourth quarter. Alliancebernstein L.P. now owns 5,686,003 shares of the energy exploration company's stock valued at $696,990,000 after buying an additional 365,115 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company's stock.

EOG Resources Stock Performance

Shares of EOG traded down $0.60 during midday trading on Thursday, reaching $110.78. The stock had a trading volume of 3,048,957 shares, compared to its average volume of 3,299,612. The firm has a market cap of $60.46 billion, a PE ratio of 8.92, a P/E/G ratio of 3.58 and a beta of 0.78. The firm has a 50 day simple moving average of $115.21 and a 200-day simple moving average of $124.10. EOG Resources, Inc. has a one year low of $102.52 and a one year high of $138.18. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13.

EOG Resources (NYSE:EOG - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The energy exploration company reported $2.87 EPS for the quarter, topping analysts' consensus estimates 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 return on equity of 23.77% and a net margin of 29.18%. EOG Resources's quarterly revenue was down 7.4% on a year-over-year basis. During the same quarter last year, the company posted $2.82 earnings per share. As a group, sell-side analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 17th will be paid a dividend of $0.975 per share. The ex-dividend date of this dividend is Thursday, July 17th. This represents a $3.90 annualized dividend and a dividend yield of 3.52%. EOG Resources's dividend payout ratio is currently 36.18%.

Analyst Ratings Changes

Several brokerages have recently issued reports on EOG. Morgan Stanley lowered their price objective on shares of EOG Resources from $142.00 to $136.00 and set an "equal weight" rating for the company in a research report on Thursday, March 27th. Barclays dropped their price target on EOG Resources from $140.00 to $137.00 and set an "equal weight" rating on the stock in a research note on Friday, May 2nd. Royal Bank of Canada raised EOG Resources from a "sector perform" rating to an "outperform" rating and upped their price objective for the stock from $150.00 to $155.00 in a research report on Wednesday, February 12th. Williams Trading set a $154.00 target price on EOG Resources in a research report on Wednesday, March 5th. Finally, UBS Group reduced their price target on EOG Resources from $165.00 to $160.00 and set a "buy" rating for the company in a research report on Tuesday, March 4th. Eleven analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $141.05.

Insider Buying and Selling

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the firm's stock in a transaction on 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 sale, the chief operating officer now owns 47,732 shares of the company's stock, valued at $6,098,240.32. This trade represents a 7.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.13% of the stock is owned by insiders.

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.