EOG Resources, Inc. (NYSE:EOG) Shares Purchased by Stamos Capital Partners L.P.

Stamos Capital Partners L.P. increased its position in EOG Resources, Inc. (NYSE:EOG) by 32.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,360 shares of the energy exploration company’s stock after purchasing an additional 2,540 shares during the period. Stamos Capital Partners L.P.’s holdings in EOG Resources were worth $1,270,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Wealthfront Advisers LLC raised its stake in EOG Resources by 4,642.2% during the fourth quarter. Wealthfront Advisers LLC now owns 2,852,238 shares of the energy exploration company’s stock worth $349,627,000 after acquiring an additional 2,792,092 shares during the period. Franklin Resources Inc. lifted its holdings in shares of EOG Resources by 64.7% in the 3rd quarter. Franklin Resources Inc. now owns 5,284,228 shares of the energy exploration company’s stock worth $694,717,000 after purchasing an additional 2,076,134 shares during the last quarter. Raymond James Financial Inc. acquired a new position in EOG Resources during the 4th quarter valued at approximately $171,193,000. Charles Schwab Investment Management Inc. grew its stake in EOG Resources by 4.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 18,192,314 shares of the energy exploration company’s stock worth $2,230,014,000 after buying an additional 781,282 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in EOG Resources by 486.6% in the fourth quarter. Renaissance Technologies LLC now owns 726,200 shares of the energy exploration company’s stock worth $89,018,000 after buying an additional 602,400 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insiders Place Their Bets

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of EOG Resources stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total transaction of $515,767.12. Following the sale, the chief operating officer now directly owns 47,732 shares of the company’s stock, valued at $6,098,240.32. This trade represents a 7.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on EOG. Benchmark restated a “hold” rating on shares of EOG Resources in a research report on Monday, January 13th. Barclays dropped their price target on shares of EOG Resources from $146.00 to $144.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 18th. Citigroup reduced their price objective on EOG Resources from $134.00 to $125.00 and set a “neutral” rating for the company in a research report on Monday, March 17th. Piper Sandler decreased their price target on EOG Resources from $141.00 to $135.00 and set a “neutral” rating for the company in a research note on Thursday, March 6th. Finally, StockNews.com cut shares of EOG Resources from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Twelve investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, EOG Resources presently has an average rating of “Moderate Buy” and a consensus price target of $144.19.

EOG Resources Stock Up 3.8 %

EOG opened at $108.62 on Friday. The company has a market capitalization of $59.91 billion, a PE ratio of 8.75, a price-to-earnings-growth ratio of 3.58 and a beta of 0.93. The business has a 50-day moving average of $124.28 and a 200-day moving average of $126.97. EOG Resources, Inc. has a fifty-two week low of $102.52 and a fifty-two week high of $139.67. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07.

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

EOG Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be paid a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date is Wednesday, April 16th. EOG Resources’s payout ratio is 34.73%.

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.