Two Sigma Investments LP Grows Holdings in EOG Resources, Inc. (NYSE:EOG)

Two Sigma Investments LP boosted its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 93.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 205,791 shares of the energy exploration company's stock after purchasing an additional 99,242 shares during the period. Two Sigma Investments LP's holdings in EOG Resources were worth $25,226,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Financial Life Planners acquired a new stake in shares of EOG Resources during the fourth quarter worth about $25,000. Y.D. More Investments Ltd grew its stake in shares of EOG Resources by 149.4% in the 4th quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company's stock valued at $25,000 after purchasing an additional 121 shares during the last quarter. Mainstream Capital Management LLC acquired a new position in shares of EOG Resources in the fourth quarter valued at approximately $25,000. Keystone Financial Group Inc. acquired a new position in shares of EOG Resources in the fourth quarter valued at approximately $27,000. Finally, Lee Danner & Bass Inc. purchased a new stake in shares of EOG Resources during the fourth quarter worth approximately $28,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of EOG Resources stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total value of $515,767.12. Following the completion of the sale, the chief operating officer now owns 47,732 shares in the company, valued at $6,098,240.32. The trade was a 7.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.13% of the company's stock.

EOG Resources Trading Down 1.0%

EOG Resources stock opened at $111.41 on Thursday. The stock has a 50-day moving average price of $115.21 and a 200 day moving average price of $124.10. EOG Resources, Inc. has a 52 week low of $102.52 and a 52 week high of $138.18. The stock has a market cap of $60.81 billion, a PE ratio of 8.97, a P/E/G ratio of 3.58 and a beta of 0.78. 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 released its quarterly earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.75 by $0.12. The company had revenue of $5.84 billion for the quarter, compared to analysts' expectations of $5.92 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The firm's revenue for the quarter was down 7.4% compared to the same quarter last year. During the same period last year, the company earned $2.82 EPS. Equities research analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 17th will be issued a $0.975 dividend. The ex-dividend date is Thursday, July 17th. This represents a $3.90 annualized dividend and a yield of 3.50%. EOG Resources's dividend payout ratio (DPR) is presently 36.18%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on EOG. JPMorgan Chase & Co. lowered their price objective on shares of EOG Resources from $149.00 to $132.00 and set a "neutral" rating on the stock in a research report on Thursday, March 13th. Morgan Stanley cut their price target on shares of EOG Resources from $142.00 to $136.00 and set an "equal weight" rating for the company in a report on Thursday, March 27th. Scotiabank raised EOG Resources from a "sector perform" rating to a "sector outperform" rating and cut their target price for the stock from $150.00 to $130.00 in a research note on Friday, April 11th. Citigroup decreased their price target on EOG Resources from $134.00 to $125.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. Finally, Susquehanna decreased their target price on shares of EOG Resources from $161.00 to $156.00 and set a "positive" rating on the stock in a research report on Tuesday, April 22nd. Eleven investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $141.05.

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.

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