Gotham Asset Management LLC Grows Position in EOG Resources, Inc. (NYSE:EOG)

Gotham Asset Management LLC raised its position in EOG Resources, Inc. (NYSE:EOG) by 68.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 210,507 shares of the energy exploration company’s stock after acquiring an additional 85,300 shares during the quarter. Gotham Asset Management LLC’s holdings in EOG Resources were worth $25,804,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EOG. Mountain Lake Investment Management LLC purchased a new stake in EOG Resources during the fourth quarter worth approximately $735,000. Oak Ridge Investments LLC boosted its holdings in shares of EOG Resources by 5.9% in the 4th quarter. Oak Ridge Investments LLC now owns 41,274 shares of the energy exploration company’s stock valued at $5,059,000 after buying an additional 2,311 shares in the last quarter. Tobam purchased a new position in shares of EOG Resources in the 4th quarter valued at $352,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in EOG Resources by 161.8% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,487 shares of the energy exploration company’s stock worth $550,000 after acquiring an additional 2,773 shares in the last quarter. Finally, Twelve Points Wealth Management LLC lifted its position in EOG Resources by 27.2% in the fourth quarter. Twelve Points Wealth Management LLC now owns 24,579 shares of the energy exploration company’s stock valued at $3,013,000 after acquiring an additional 5,259 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insider Transactions at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of the business’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total value of $515,767.12. Following the sale, the chief operating officer now directly owns 47,732 shares in the company, valued at $6,098,240.32. The trade was a 7.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Mizuho reaffirmed a “neutral” rating and set a $140.00 price objective (down previously from $148.00) on shares of EOG Resources in a report on Tuesday, March 25th. JPMorgan Chase & Co. cut their price target 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. StockNews.com downgraded EOG Resources from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Benchmark reaffirmed a “hold” rating on shares of EOG Resources in a report on Monday, January 13th. Finally, Morgan Stanley decreased their price target on shares of EOG Resources from $142.00 to $136.00 and set an “equal weight” rating for the company in a research note on Thursday, March 27th. Eleven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $140.95.

EOG Resources Trading Up 1.3 %

Shares of EOG stock opened at $111.13 on Friday. EOG Resources, Inc. has a 1-year low of $102.52 and a 1-year high of $138.18. 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 business’s fifty day moving average price is $116.68 and its 200 day moving average price is $124.53. The firm has a market capitalization of $60.65 billion, a PE ratio of 8.95, a P/E/G ratio of 3.58 and a beta of 0.78.

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

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 17th will be given 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 dividend yield of 3.51%. EOG Resources’s payout ratio is 36.18%.

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.