Qsemble Capital Management LP Buys 50,655 Shares of EOG Resources, Inc. $EOG

Qsemble Capital Management LP grew its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 589.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 59,247 shares of the energy exploration company’s stock after acquiring an additional 50,655 shares during the quarter. Qsemble Capital Management LP’s holdings in EOG Resources were worth $6,222,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of EOG. Capital World Investors lifted its holdings in shares of EOG Resources by 1.4% during the 3rd quarter. Capital World Investors now owns 54,907,949 shares of the energy exploration company’s stock worth $6,156,495,000 after acquiring an additional 782,426 shares during the period. Vanguard Group Inc. increased its stake in EOG Resources by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 53,815,556 shares of the energy exploration company’s stock valued at $5,651,172,000 after acquiring an additional 446,341 shares during the last quarter. Capital Research Global Investors increased its stake in EOG Resources by 0.5% in the third quarter. Capital Research Global Investors now owns 24,926,659 shares of the energy exploration company’s stock valued at $2,794,784,000 after acquiring an additional 122,486 shares during the last quarter. Northern Trust Corp lifted its position in shares of EOG Resources by 0.8% during the 3rd quarter. Northern Trust Corp now owns 5,974,950 shares of the energy exploration company’s stock worth $669,911,000 after buying an additional 49,987 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of EOG Resources by 6.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 5,972,687 shares of the energy exploration company’s stock worth $669,727,000 after buying an additional 344,291 shares during the last quarter. 89.91% of the stock is owned by institutional investors.

EOG Resources Trading Up 3.2%

NYSE EOG opened at $140.29 on Friday. The business has a 50 day simple moving average of $136.79 and a 200 day simple moving average of $119.41. The stock has a market capitalization of $74.72 billion, a P/E ratio of 13.81, a P/E/G ratio of 1.69 and a beta of 0.27. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.72 and a quick ratio of 1.53. EOG Resources, Inc. has a one year low of $101.59 and a one year high of $151.87.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.23 by $0.18. The business had revenue of $6.92 billion for the quarter, compared to analyst estimates of $6.18 billion. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The company’s quarterly revenue was up 22.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.87 earnings per share. Research analysts expect that EOG Resources, Inc. will post 14.83 earnings per share for the current year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be issued a $1.02 dividend. The ex-dividend date is Friday, July 17th. This represents a $4.08 annualized dividend and a yield of 2.9%. EOG Resources’s dividend payout ratio is presently 40.16%.

Insider Activity at EOG Resources

In other EOG Resources news, CFO Ann D. Janssen sold 4,161 shares of the stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $140.04, for a total value of $582,706.44. Following the transaction, the chief financial officer owned 100,246 shares in the company, valued at approximately $14,038,449.84. This represents a 3.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Jeffrey R. Leitzell sold 5,698 shares of the stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total value of $856,523.36. Following the completion of the transaction, the chief operating officer owned 88,045 shares in the company, valued at approximately $13,234,924.40. The trade was a 6.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 18,230 shares of company stock worth $2,522,568. Corporate insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Stephens dropped their price objective on EOG Resources from $170.00 to $167.00 in a research report on Wednesday, May 6th. Piper Sandler increased their price target on EOG Resources from $144.00 to $147.00 and gave the company a “neutral” rating in a research note on Wednesday, April 1st. BMO Capital Markets raised their target price on EOG Resources from $140.00 to $160.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 1st. Williams Trading set a $177.00 target price on EOG Resources in a research note on Monday, April 20th. Finally, The Goldman Sachs Group raised their target price on EOG Resources from $135.00 to $139.00 and gave the stock a “neutral” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and sixteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $154.21.

About EOG Resources

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.