EOG Resources, Inc. (NYSE:EOG) Shares Purchased by Ion Asset Management Ltd.

Ion Asset Management Ltd. increased its stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 150.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,500 shares of the energy exploration company's stock after acquiring an additional 3,308 shares during the quarter. Ion Asset Management Ltd.'s holdings in EOG Resources were worth $674,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Westside Investment Management Inc. raised its position in EOG Resources by 15.7% in the 3rd quarter. Westside Investment Management Inc. now owns 1,840 shares of the energy exploration company's stock valued at $226,000 after purchasing an additional 250 shares during the last quarter. Chelsea Counsel Co. increased its stake in EOG Resources by 2.0% in the third quarter. Chelsea Counsel Co. now owns 5,215 shares of the energy exploration company's stock valued at $641,000 after purchasing an additional 100 shares during the period. World Investment Advisors LLC purchased a new stake in shares of EOG Resources in the third quarter valued at about $730,000. Wilmington Savings Fund Society FSB boosted its stake in shares of EOG Resources by 26.8% during the third quarter. Wilmington Savings Fund Society FSB now owns 71,766 shares of the energy exploration company's stock worth $8,822,000 after buying an additional 15,186 shares during the period. Finally, Tidal Investments LLC grew its holdings in shares of EOG Resources by 4.7% during the third quarter. Tidal Investments LLC now owns 58,790 shares of the energy exploration company's stock worth $7,227,000 after buying an additional 2,634 shares during the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

EOG Resources Price Performance

Shares of NYSE:EOG traded up $1.26 on Thursday, hitting $111.59. The company had a trading volume of 4,603,672 shares, compared to its average volume of 3,243,298. 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 $61.55 billion, a PE ratio of 8.98, a PEG ratio of 3.58 and a beta of 0.93. EOG Resources, Inc. has a 52-week low of $102.52 and a 52-week high of $138.18. The business has a 50 day moving average of $118.76 and a 200 day moving average of $125.23.

EOG Resources (NYSE:EOG - Get Free Report) last released its earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.75 by $0.12. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The business's revenue was down 7.4% compared to the same quarter last year. During the same period last year, the business posted $2.82 EPS. As a group, equities analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 17th will be issued a dividend of $0.975 per share. This represents a $3.90 annualized dividend and a dividend yield of 3.49%. EOG Resources's dividend payout ratio (DPR) is 34.73%.

Wall Street Analysts Forecast Growth

EOG has been the subject of a number of recent research reports. Truist Financial increased their price objective on EOG Resources from $135.00 to $137.00 and gave the stock a "hold" rating in a research report on Monday, January 13th. Susquehanna decreased their price target on EOG Resources from $161.00 to $156.00 and set a "positive" rating for the company in a report on Tuesday, April 22nd. Citigroup dropped their price objective on shares of EOG Resources from $134.00 to $125.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. UBS Group reduced their target price on shares of EOG Resources from $165.00 to $160.00 and set a "buy" rating for the company in a research note on Tuesday, March 4th. Finally, StockNews.com lowered shares of EOG Resources from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. Eleven analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $141.11.

Insider Activity

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The shares were 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 approximately $6,098,240.32. The trade was a 7.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.13% of the company's stock.

EOG Resources Company 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.