River Road Asset Management LLC Raises Position in EOG Resources, Inc. (NYSE:EOG)

River Road Asset Management LLC grew its position in shares of EOG Resources, Inc. (NYSE:EOG) by 2.7% during the fourth quarter, Holdings Channel reports. The fund owned 71,415 shares of the energy exploration company’s stock after purchasing an additional 1,910 shares during the period. River Road Asset Management LLC’s holdings in EOG Resources were worth $8,754,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in EOG. Capital Performance Advisors LLP purchased a new position in EOG Resources during the third quarter valued at $31,000. Atria Investments Inc increased its stake in shares of EOG Resources by 2.2% in the 3rd quarter. Atria Investments Inc now owns 48,877 shares of the energy exploration company’s stock worth $6,008,000 after acquiring an additional 1,075 shares in the last quarter. Covestor Ltd lifted its position in EOG Resources by 11.2% during the 3rd quarter. Covestor Ltd now owns 1,078 shares of the energy exploration company’s stock valued at $133,000 after acquiring an additional 109 shares during the period. Sigma Planning Corp boosted its stake in EOG Resources by 4.3% during the third quarter. Sigma Planning Corp now owns 6,242 shares of the energy exploration company’s stock worth $767,000 after acquiring an additional 259 shares in the last quarter. Finally, Crossmark Global Holdings Inc. grew its holdings in EOG Resources by 28.3% in the third quarter. Crossmark Global Holdings Inc. now owns 28,584 shares of the energy exploration company’s stock worth $3,514,000 after purchasing an additional 6,300 shares during the period. Institutional investors own 89.91% of the company’s stock.

EOG Resources Price Performance

Shares of EOG opened at $124.37 on Wednesday. The company’s fifty day moving average price is $129.64 and its 200-day moving average price is $127.73. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. The firm has a market capitalization of $68.89 billion, a PE ratio of 10.01, a price-to-earnings-growth ratio of 3.58 and a beta of 1.25. EOG Resources, Inc. has a 1-year low of $115.78 and a 1-year high of $139.67.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 EPS for the quarter, beating the consensus estimate of $2.55 by $0.19. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The company had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.96 billion. On average, equities research analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

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. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $3.90 dividend on an annualized basis and a yield of 3.14%. EOG Resources’s payout ratio is 34.73%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on EOG. Piper Sandler dropped their price target on EOG Resources from $141.00 to $135.00 and set a “neutral” rating on the stock in a research report on Thursday, March 6th. Mizuho lowered their price target on EOG Resources from $156.00 to $148.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. Barclays decreased their price objective on shares of EOG Resources from $148.00 to $146.00 and set an “equal weight” rating for the company in a report on Friday, February 28th. Citigroup cut shares of EOG Resources from a “neutral” rating to a “reduce” rating in a research note on Wednesday, March 5th. Finally, Williams Trading set a $154.00 target price on shares of EOG Resources in a research note on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $146.19.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total transaction of $483,560.00. Following the completion of the transaction, the chief operating officer now owns 42,703 shares of the company’s stock, valued at $5,162,365.67. This trade represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.30% of the company’s stock.

About EOG Resources

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.