Gotham Asset Management LLC Raises Position in EOG Resources, Inc. (NYSE:EOG)

Gotham Asset Management LLC increased its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 68.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 210,507 shares of the energy exploration company's stock after buying an additional 85,300 shares during the quarter. Gotham Asset Management LLC's holdings in EOG Resources were worth $25,804,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Financial Life Planners acquired a new stake in shares of EOG Resources in the 4th quarter valued at approximately $25,000. Y.D. More Investments Ltd increased its position 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 buying an additional 121 shares in the last quarter. Mainstream Capital Management LLC acquired a new stake in EOG Resources during the 4th quarter worth $25,000. Decker Retirement Planning Inc. bought a new position in EOG Resources during the fourth quarter worth about $27,000. Finally, Keystone Financial Group Inc. acquired a new position in EOG Resources in the fourth quarter valued at about $27,000. Institutional investors and hedge funds own 89.91% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on EOG shares. UBS Group cut their price target on EOG Resources from $165.00 to $160.00 and set a "buy" rating on the stock in a report on Tuesday, March 4th. Barclays reduced their price target on EOG Resources from $140.00 to $137.00 and set an "equal weight" rating for the company in a research report on Friday, May 2nd. Raymond James reiterated a "strong-buy" rating and issued a $140.00 price objective on shares of EOG Resources in a report on Monday, April 21st. Susquehanna cut their price objective 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. Finally, Scotiabank raised shares of EOG Resources from a "sector perform" rating to a "sector outperform" rating and decreased their target price for the company from $150.00 to $130.00 in a research report on Friday, April 11th. Eleven equities research 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. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $140.63.

EOG Resources Price Performance

Shares of NYSE:EOG traded up $0.20 during mid-day trading on Thursday, reaching $115.79. The stock had a trading volume of 3,243,772 shares, compared to its average volume of 3,289,796. The business's 50 day moving average price is $116.02 and its 200 day moving average price is $124.31. EOG Resources, Inc. has a 1 year low of $102.52 and a 1 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. The company has a market cap of $63.20 billion, a P/E ratio of 9.32, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78.

EOG Resources (NYSE:EOG - Get Free Report) last announced its 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. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The firm had revenue of $5.84 billion during the quarter, compared to analysts' expectations of $5.92 billion. During the same quarter in the previous year, the business earned $2.82 EPS. The company's quarterly revenue was down 7.4% on a year-over-year basis. Research analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 17th will be issued a dividend of $0.975 per share. This represents a $3.90 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date is Thursday, July 17th. EOG Resources's payout ratio is currently 36.18%.

Insider Transactions at EOG Resources

In related 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 directly owns 47,732 shares in the company, valued at $6,098,240.32. The trade was a 7.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.13% of the company's stock.

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.