Graphene Investments SAS Raises Position in EOG Resources, Inc. $EOG

Graphene Investments SAS raised its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 22.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,400 shares of the energy exploration company’s stock after purchasing an additional 5,500 shares during the period. EOG Resources accounts for about 2.0% of Graphene Investments SAS’s portfolio, making the stock its 29th biggest position. Graphene Investments SAS’s holdings in EOG Resources were worth $3,192,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of EOG. JCIC Asset Management Inc. acquired a new position in EOG Resources during the 3rd quarter valued at about $32,000. Olistico Wealth LLC purchased a new stake in EOG Resources in the fourth quarter valued at about $33,000. Salomon & Ludwin LLC raised its stake in EOG Resources by 122.8% in the third quarter. Salomon & Ludwin LLC now owns 323 shares of the energy exploration company’s stock valued at $36,000 after buying an additional 178 shares during the last quarter. Mountain Hill Investment Partners Corp. purchased a new stake in EOG Resources in the third quarter valued at about $37,000. Finally, Quent Capital LLC purchased a new stake in EOG Resources in the third quarter valued at about $37,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

EOG Resources Trading Down 4.2%

Shares of EOG Resources stock opened at $128.45 on Friday. The stock has a market cap of $68.81 billion, a P/E ratio of 14.10, a P/E/G ratio of 2.68 and a beta of 0.32. The stock’s 50 day simple moving average is $132.12 and its 200-day simple moving average is $116.14. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $151.87. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.63 and a quick ratio of 1.42.

EOG Resources (NYSE:EOG) last issued its earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.07. The business had revenue of $5.64 billion for the quarter, compared to analysts’ expectations of $5.36 billion. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.74 EPS. Analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 16th will be issued a $1.02 dividend. The ex-dividend date is Thursday, April 16th. This represents a $4.08 dividend on an annualized basis and a yield of 3.2%. EOG Resources’s dividend payout ratio is currently 44.79%.

Insider Buying and Selling

In related news, CFO Ann D. Janssen sold 4,161 shares of the company’s 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 directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Jeffrey R. Leitzell sold 5,698 shares of the company’s stock in a transaction that occurred on Tuesday, March 31st. The shares were 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 $13,234,924.40. This represents a 6.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 18,230 shares of company stock worth $2,522,568 over the last quarter. 0.14% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on EOG. KeyCorp cut EOG Resources from an “overweight” rating to a “sector weight” rating in a research report on Friday, January 16th. JPMorgan Chase & Co. lifted their price target on EOG Resources from $115.00 to $125.00 and gave the stock a “neutral” rating in a research report on Thursday, February 26th. Jefferies Financial Group lifted their price objective on EOG Resources from $146.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, April 13th. Zacks Research upgraded EOG Resources from a “strong sell” rating to a “hold” rating in a research note on Monday, March 2nd. Finally, Citigroup reduced their price objective on EOG Resources from $150.00 to $142.00 and set a “neutral” rating for the company in a research note on Tuesday, April 14th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eighteen have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $151.11.

EOG Resources Profile

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.