EOG Resources, Inc. (NYSE:EOG) Shares Purchased by Cooke & Bieler LP

Cooke & Bieler LP boosted its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 1.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 625,679 shares of the energy exploration company’s stock after acquiring an additional 10,256 shares during the period. Cooke & Bieler LP owned 0.11% of EOG Resources worth $76,696,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in EOG. Avantax Planning Partners Inc. lifted its holdings in EOG Resources by 3.5% during the 4th quarter. Avantax Planning Partners Inc. now owns 33,457 shares of the energy exploration company’s stock worth $4,101,000 after buying an additional 1,129 shares in the last quarter. Inspire Advisors LLC grew its position in shares of EOG Resources by 37.2% in the 4th quarter. Inspire Advisors LLC now owns 12,924 shares of the energy exploration company’s stock valued at $1,584,000 after buying an additional 3,506 shares during the last quarter. River Road Asset Management LLC grew its position in shares of EOG Resources by 2.7% in the 4th quarter. River Road Asset Management LLC now owns 71,415 shares of the energy exploration company’s stock valued at $8,754,000 after buying an additional 1,910 shares during the last quarter. Global View Capital Management LLC purchased a new position in EOG Resources during the 4th quarter worth $401,000. Finally, Citizens Financial Group Inc. RI grew its position in EOG Resources by 73.8% during the 4th quarter. Citizens Financial Group Inc. RI now owns 5,819 shares of the energy exploration company’s stock worth $713,000 after purchasing an additional 2,471 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Insider Transactions at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total transaction of $483,560.00. Following the transaction, the chief operating officer now directly owns 42,703 shares in the company, valued at approximately $5,162,365.67. The trade was a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.30% of the company’s stock.

EOG Resources Trading Up 0.5 %

NYSE EOG opened at $125.83 on Tuesday. The company has a market cap of $69.70 billion, a price-to-earnings ratio of 10.13, a P/E/G ratio of 3.58 and a beta of 1.25. 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, Inc. has a 52 week low of $115.78 and a 52 week high of $139.67. The business has a 50 day moving average price of $129.60 and a 200-day moving average price of $127.75.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 EPS for the quarter, beating analysts’ consensus estimates of $2.55 by $0.19. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The firm had revenue of $5.59 billion for the quarter, compared to analysts’ expectations of $5.96 billion. As a group, equities analysts expect 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 Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be issued a $0.975 dividend. This represents a $3.90 annualized dividend and a yield of 3.10%. The ex-dividend date of this dividend is Wednesday, April 16th. EOG Resources’s dividend payout ratio (DPR) is currently 34.73%.

Wall Street Analysts Forecast Growth

EOG has been the topic of several analyst reports. Citigroup downgraded shares of EOG Resources from a “neutral” rating to a “reduce” rating in a report on Wednesday, March 5th. Mizuho cut their target price on shares of EOG Resources from $156.00 to $148.00 and set an “outperform” rating for the company in a research report on Monday, December 16th. UBS Group lowered their price target on shares of EOG Resources from $165.00 to $160.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. Royal Bank of Canada upgraded shares of EOG Resources from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $150.00 to $155.00 in a report on Wednesday, February 12th. Finally, Williams Trading set a $154.00 target price on shares of EOG Resources in a report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, EOG Resources presently has an average rating of “Hold” and an average target price of $146.19.

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.