Nebula Research & Development LLC purchased a new stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 6,329 shares of the energy exploration company's stock, valued at approximately $776,000.
A number of other hedge funds have also added to or reduced their stakes in the stock. Financial Life Planners purchased a new position in shares of EOG Resources in the 4th quarter worth approximately $25,000. Y.D. More Investments Ltd boosted 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 worth $25,000 after buying an additional 121 shares during the last quarter. Mainstream Capital Management LLC purchased a new position in shares of EOG Resources in the 4th quarter worth approximately $25,000. Decker Retirement Planning Inc. purchased a new position in shares of EOG Resources in the 4th quarter worth approximately $27,000. Finally, Keystone Financial Group Inc. purchased a new position in shares of EOG Resources in the 4th quarter worth approximately $27,000. Institutional investors and hedge funds own 89.91% of the company's stock.
EOG Resources Stock Down 2.3 %
Shares of NYSE EOG traded down $2.55 during midday trading on Wednesday, hitting $110.38. The stock had a trading volume of 5,383,317 shares, compared to its average volume of 3,238,514. The business's 50 day moving average is $119.65 and its 200-day moving average is $125.48. The company has a market cap of $60.88 billion, a P/E ratio of 8.89, 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 company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13.
EOG Resources (NYSE:EOG - Get Free Report) last released its quarterly earnings data on Friday, February 28th. The energy exploration company reported $2.74 earnings per share for the quarter, beating the consensus estimate of $2.55 by $0.19. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The firm had revenue of $5.59 billion during the quarter, compared to analysts' expectations of $5.96 billion. As a group, analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current year.
EOG Resources Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be given a $0.975 dividend. The ex-dividend date is Wednesday, April 16th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.53%. EOG Resources's payout ratio is currently 34.73%.
Insiders Place Their Bets
In related news, COO Jeffrey R. Leitzell sold 4,037 shares of the company's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total transaction of $515,767.12. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.13% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts have issued reports on the company. Citigroup lowered their target price 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. JPMorgan Chase & Co. lowered their price objective on EOG Resources from $149.00 to $132.00 and set a "neutral" rating on the stock in a research note on Thursday, March 13th. Mizuho reaffirmed a "neutral" rating and set a $140.00 target price (down previously from $148.00) on shares of EOG Resources in a report on Tuesday, March 25th. Bank of America reissued a "neutral" rating and set a $144.00 price objective (down previously from $151.00) on shares of EOG Resources in a report on Monday, January 13th. Finally, StockNews.com lowered EOG Resources from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Twelve analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $141.25.
Get Our Latest Research Report on EOG
About EOG Resources
(
Free Report)
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.
See Also
Before you consider EOG Resources, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and EOG Resources wasn't on the list.
While EOG Resources currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
