EOG Resources, Inc. (NYSE:EOG) Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP lifted its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 26.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 68,234 shares of the energy exploration company’s stock after acquiring an additional 14,337 shares during the period. Quantinno Capital Management LP’s holdings in EOG Resources were worth $8,364,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Financial Life Planners acquired a new stake in shares of EOG Resources during the fourth quarter valued at $25,000. Y.D. More Investments Ltd boosted its stake in shares of EOG Resources by 149.4% during the fourth quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock valued at $25,000 after acquiring an additional 121 shares during the last quarter. Mainstream Capital Management LLC purchased a new position in EOG Resources during the fourth quarter worth 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. purchased a new position in EOG Resources during the fourth quarter worth about $27,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of the business’s stock in a transaction that occurred 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 directly owns 47,732 shares in the company, valued at approximately $6,098,240.32. The trade was a 7.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.13% of the stock is owned by insiders.

EOG Resources Stock Performance

Shares of NYSE:EOG opened at $115.79 on Friday. The company has a market cap of $63.20 billion, a P/E ratio of 9.32, a PEG ratio of 3.58 and a beta of 0.78. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. EOG Resources, Inc. has a one year low of $102.52 and a one year high of $138.18. The business’s 50-day simple moving average is $116.02 and its 200 day simple moving average is $124.31.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share for the quarter, beating analysts’ consensus estimates of $2.75 by $0.12. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The firm had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.92 billion. During the same quarter last year, the firm earned $2.82 EPS. EOG Resources’s quarterly revenue was down 7.4% on a year-over-year basis. On average, sell-side analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 17th will be paid a dividend of $0.975 per share. The ex-dividend date of this dividend is Thursday, July 17th. This represents a $3.90 dividend on an annualized basis and a yield of 3.37%. EOG Resources’s dividend payout ratio (DPR) is presently 36.18%.

Analyst Ratings Changes

Several research firms recently weighed in on EOG. JPMorgan Chase & Co. reduced their target price on EOG Resources from $149.00 to $132.00 and set a “neutral” rating on the stock in a research report on Thursday, March 13th. UBS Group reduced their target price on EOG Resources from $165.00 to $160.00 and set a “buy” rating on the stock in a research report on Tuesday, March 4th. Raymond James reiterated a “strong-buy” rating and set a $140.00 target price on shares of EOG Resources in a research report on Monday, April 21st. Mizuho reduced their target price on EOG Resources from $140.00 to $134.00 and set a “neutral” rating on the stock in a research report on Tuesday. Finally, Royal Bank of Canada upgraded EOG Resources from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $150.00 to $155.00 in a research report on Wednesday, February 12th. Eleven research 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 company. According to MarketBeat, EOG Resources has an average rating of “Moderate Buy” and a consensus price target of $140.63.

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.