Malaga Cove Capital LLC Makes New $417,000 Investment in EOG Resources, Inc. (NYSE:EOG)

Malaga Cove Capital LLC purchased a new position in EOG Resources, Inc. (NYSE:EOG - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,402 shares of the energy exploration company's stock, valued at approximately $417,000.

Other large investors have also bought and sold shares of the company. Financial Life Planners purchased a new position in shares of EOG Resources during the fourth quarter valued at approximately $25,000. Y.D. More Investments Ltd increased its stake in shares of EOG Resources by 149.4% during the fourth 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 during the period. Mainstream Capital Management LLC purchased a new position in shares of EOG Resources during the fourth quarter valued at approximately $25,000. Decker Retirement Planning Inc. purchased a new position in shares of EOG Resources during the fourth quarter valued at approximately $27,000. Finally, Keystone Financial Group Inc. purchased a new position in shares of EOG Resources during the fourth quarter valued at approximately $27,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EOG has been the topic of several research analyst reports. Scotiabank raised EOG Resources from a "sector perform" rating to a "sector outperform" rating and reduced their target price for the company from $150.00 to $130.00 in a research note on Friday, April 11th. UBS Group dropped their price target on EOG Resources from $165.00 to $160.00 and set a "buy" rating on the stock in a research report on Tuesday, March 4th. Susquehanna dropped their price target on EOG Resources from $161.00 to $156.00 and set a "positive" rating on the stock in a research report on Tuesday, April 22nd. KeyCorp dropped their price target on EOG Resources from $150.00 to $140.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. Finally, Royal Bank of Canada upgraded EOG Resources from a "sector perform" rating to an "outperform" rating and lifted their price target for the company from $150.00 to $155.00 in a research report on Wednesday, February 12th. Eleven investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $140.63.

EOG Resources Stock Performance

Shares of NYSE:EOG traded down $0.43 during midday trading on Friday, reaching $115.43. 3,406,023 shares of the company's stock traded hands, compared to its average volume of 3,292,958. The company has a market cap of $63.00 billion, a price-to-earnings ratio of 9.29, a P/E/G ratio of 3.58 and a beta of 0.78. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. EOG Resources, Inc. has a one year low of $102.52 and a one year high of $138.18. The stock has a 50 day moving average of $115.84 and a 200 day moving average of $124.28.

EOG Resources (NYSE:EOG - Get Free Report) last announced its quarterly 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. The firm had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.92 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The company's quarterly revenue was down 7.4% on a year-over-year basis. During the same period in the prior year, the company posted $2.82 earnings per share. As a group, equities research analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date of this dividend is Thursday, July 17th. EOG Resources's payout ratio is currently 36.18%.

Insider Activity

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of the company'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 in the company, valued at approximately $6,098,240.32. This represents a 7.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate 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.