14,403 Shares in EOG Resources, Inc. (NYSE:EOG) Purchased by Wahed Invest LLC

Wahed Invest LLC acquired a new stake in EOG Resources, Inc. (NYSE:EOG - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 14,403 shares of the energy exploration company's stock, valued at approximately $1,766,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EOG. South Plains Financial Inc. bought a new position in shares of EOG Resources in the fourth quarter worth about $753,000. Itau Unibanco Holding S.A. bought a new position in EOG Resources in the 4th quarter worth approximately $62,000. Voleon Capital Management LP bought a new position in EOG Resources in the 4th quarter worth approximately $6,874,000. Ion Asset Management Ltd. boosted its position in shares of EOG Resources by 150.9% in the fourth quarter. Ion Asset Management Ltd. now owns 5,500 shares of the energy exploration company's stock valued at $674,000 after acquiring an additional 3,308 shares during the period. Finally, AQR Capital Management LLC grew its stake in shares of EOG Resources by 134.7% in the fourth quarter. AQR Capital Management LLC now owns 1,294,824 shares of the energy exploration company's stock worth $158,720,000 after acquiring an additional 743,202 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of the stock in a transaction that occurred 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 sale, the chief operating officer now directly owns 47,732 shares of the company's stock, valued at $6,098,240.32. This represents a 7.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.13% of the company's stock.

EOG Resources Price Performance

Shares of NYSE EOG traded up $0.34 during mid-day trading on Tuesday, hitting $108.86. 4,503,832 shares of the stock were exchanged, compared to its average volume of 3,734,490. EOG Resources, Inc. has a twelve month low of $102.52 and a twelve month high of $138.18. The stock's fifty day simple moving average is $117.92 and its two-hundred day simple moving average is $124.97. 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 company has a market cap of $60.04 billion, a P/E ratio of 8.76, a PEG ratio of 3.58 and a beta of 0.78.

EOG Resources (NYSE:EOG - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.75 by $0.12. The firm had revenue of $5.84 billion during 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 business's revenue for the quarter was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.82 EPS. As a group, analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders 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 3.58%. The ex-dividend date is Thursday, July 17th. EOG Resources's dividend payout ratio is currently 36.18%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on EOG. Benchmark reissued a "hold" rating on shares of EOG Resources in a report on Monday, January 13th. Susquehanna reduced their target price on shares of EOG Resources from $161.00 to $156.00 and set a "positive" rating for the company in a research note on Tuesday, April 22nd. Williams Trading set a $154.00 target price on EOG Resources in a research report on Wednesday, March 5th. Mizuho reaffirmed a "neutral" rating and issued a $140.00 price target (down previously from $148.00) on shares of EOG Resources in a report on Tuesday, March 25th. Finally, Scotiabank raised EOG Resources from a "sector perform" rating to a "sector outperform" rating and decreased their price objective for the stock from $150.00 to $130.00 in a report on Friday, April 11th. Eleven analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $140.95.

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.