Moore Capital Management LP Invests $7.97 Million in EOG Resources, Inc. (NYSE:EOG)

Moore Capital Management LP purchased a new stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 65,039 shares of the energy exploration company's stock, valued at approximately $7,972,000.

A number of other hedge funds have also recently bought and sold shares of the company. Graypoint LLC grew its holdings in shares of EOG Resources by 13.3% in the 4th quarter. Graypoint LLC now owns 4,579 shares of the energy exploration company's stock valued at $561,000 after buying an additional 536 shares during the period. Czech National Bank increased its position in shares of EOG Resources by 5.3% in the fourth quarter. Czech National Bank now owns 121,951 shares of the energy exploration company's stock valued at $14,949,000 after acquiring an additional 6,103 shares during the last quarter. Matrix Trust Co raised its stake in shares of EOG Resources by 700.6% during the 4th quarter. Matrix Trust Co now owns 2,778 shares of the energy exploration company's stock worth $341,000 after purchasing an additional 2,431 shares in the last quarter. Fiduciary Alliance LLC acquired a new stake in EOG Resources in the fourth quarter valued at $699,000. Finally, Brookstone Capital Management grew its holdings in EOG Resources by 105.5% during the fourth quarter. Brookstone Capital Management now owns 3,623 shares of the energy exploration company's stock worth $444,000 after purchasing an additional 1,860 shares during the period. 89.91% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other 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 value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.13% of the stock is owned by corporate insiders.

EOG Resources Stock Performance

Shares of EOG stock traded up $0.20 during trading hours on Thursday, reaching $115.79. The company had a trading volume of 3,243,772 shares, compared to its average volume of 3,289,796. EOG Resources, Inc. has a one year low of $102.52 and a one year high of $138.18. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The business has a fifty day moving average price of $116.22 and a 200-day moving average price of $124.35. The firm has a market cap of $63.20 billion, a PE 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 released 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 net margin of 29.18% and a return on equity of 23.77%. The company had revenue of $5.84 billion for the quarter, compared to analysts' expectations of $5.92 billion. During the same quarter last year, the business earned $2.82 EPS. The firm's revenue was down 7.4% compared to the same quarter last year. Sell-side analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The company 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 $0.975 dividend. This represents a $3.90 annualized dividend and a dividend yield of 3.37%. The ex-dividend date is Thursday, July 17th. EOG Resources's dividend payout ratio is currently 36.18%.

Analyst Upgrades and Downgrades

EOG has been the topic of a number of research reports. KeyCorp decreased their price target on shares of EOG Resources from $150.00 to $140.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. Royal Bank of Canada upgraded shares of EOG Resources from a "sector perform" rating to an "outperform" rating and raised their target price for the company from $150.00 to $155.00 in a research report on Wednesday, February 12th. Morgan Stanley reduced their price objective on shares of EOG Resources from $142.00 to $136.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 27th. Raymond James reiterated a "strong-buy" rating and set a $140.00 price target on shares of EOG Resources in a report on Monday, April 21st. Finally, Piper Sandler reduced their price target on shares of EOG Resources from $135.00 to $133.00 and set a "neutral" rating for the company in a 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 given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $140.63.

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.