Diametric Capital LP Invests $909,000 in EOG Resources, Inc. (NYSE:EOG)

Diametric Capital LP acquired a new stake in EOG Resources, Inc. (NYSE:EOG) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,413 shares of the energy exploration company’s stock, valued at approximately $909,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Financial Life Planners acquired a new position in shares of EOG Resources in the 4th quarter valued at $25,000. Y.D. More Investments Ltd raised its holdings in 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 valued at $25,000 after buying an additional 121 shares during the period. Mainstream Capital Management LLC acquired a new position in EOG Resources in the fourth quarter valued at about $25,000. Decker Retirement Planning Inc. purchased a new position in EOG Resources during the fourth quarter worth about $27,000. Finally, Keystone Financial Group Inc. acquired a new stake in shares of EOG Resources during the fourth quarter valued at about $27,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

EOG Resources Stock Performance

Shares of EOG opened at $128.44 on Tuesday. 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 stock has a 50 day moving average price of $128.06 and a 200 day moving average price of $127.85. The company has a market capitalization of $71.15 billion, a price-to-earnings ratio of 10.34, a price-to-earnings-growth ratio of 3.58 and a beta of 1.25.

EOG Resources (NYSE:EOG) last posted its 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 net margin of 29.18% and a return on equity of 23.77%. The firm had revenue of $5.59 billion for the quarter, compared to the consensus estimate of $5.96 billion. Research analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be paid a dividend of $0.975 per share. The ex-dividend date is Wednesday, April 16th. This represents a $3.90 dividend on an annualized basis and a yield of 3.04%. EOG Resources’s dividend payout ratio is presently 34.73%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on EOG shares. Wolfe Research raised shares of EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective for the company in a research report on Friday, January 3rd. UBS Group dropped their price objective on EOG Resources from $165.00 to $160.00 and set a “buy” rating for the company in a research note on Tuesday, March 4th. Citigroup decreased 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. Bank of America reaffirmed a “neutral” rating and issued a $144.00 target price (down from $151.00) on shares of EOG Resources in a research report on Monday, January 13th. Finally, Benchmark reissued a “hold” rating on shares of EOG Resources in a research report on Monday, January 13th. Thirteen 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’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $144.67.

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.