FourThought Financial LLC Increases Stake in EOG Resources, Inc. (NYSE:EOG)

FourThought Financial LLC lifted its stake in EOG Resources, Inc. (NYSE:EOG – Get Rating) by 20.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 719 shares of the energy exploration company’s stock after purchasing an additional 122 shares during the quarter. FourThought Financial LLC’s holdings in EOG Resources were worth $80,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ninepoint Partners LP raised its position in EOG Resources by 14.3% during the 3rd quarter. Ninepoint Partners LP now owns 120,000 shares of the energy exploration company’s stock worth $13,408,000 after buying an additional 15,000 shares during the last quarter. Alamar Capital Management LLC raised its position in EOG Resources by 14.3% during the 3rd quarter. Alamar Capital Management LLC now owns 22,697 shares of the energy exploration company’s stock worth $2,536,000 after buying an additional 2,842 shares during the last quarter. National Pension Service raised its position in EOG Resources by 3.8% during the 3rd quarter. National Pension Service now owns 1,056,131 shares of the energy exploration company’s stock worth $119,311,000 after buying an additional 38,827 shares during the last quarter. CENTRAL TRUST Co raised its position in EOG Resources by 0.8% during the 3rd quarter. CENTRAL TRUST Co now owns 9,118 shares of the energy exploration company’s stock worth $1,019,000 after buying an additional 74 shares during the last quarter. Finally, Warther Private Wealth LLC purchased a new position in EOG Resources during the 3rd quarter worth approximately $1,337,000. 87.40% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other EOG Resources news, Director Michael T. Kerr bought 20,000 shares of the stock in a transaction on Thursday, January 12th. The shares were bought at an average price of $130.49 per share, with a total value of $2,609,800.00. Following the purchase, the director now directly owns 170,000 shares in the company, valued at approximately $22,183,300. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.40% of the stock is currently owned by corporate insiders.

EOG Resources Price Performance

EOG Resources stock opened at $102.75 on Friday. The company’s fifty day moving average price is $123.48 and its 200 day moving average price is $127.07. EOG Resources, Inc. has a 1 year low of $92.16 and a 1 year high of $150.88. The stock has a market capitalization of $60.39 billion, a P/E ratio of 7.78, a P/E/G ratio of 0.28 and a beta of 1.52. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.71 and a current ratio of 1.90.

EOG Resources (NYSE:EOG – Get Rating) last released its quarterly earnings results on Friday, February 24th. The energy exploration company reported $3.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.31 by ($0.01). EOG Resources had a net margin of 30.19% and a return on equity of 34.95%. The company had revenue of $6.72 billion during the quarter, compared to analyst estimates of $6.09 billion. During the same period in the prior year, the business posted $3.09 EPS. EOG Resources’s revenue was up 11.2% compared to the same quarter last year. As a group, equities research analysts anticipate that EOG Resources, Inc. will post 12.58 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 28th. Shareholders of record on Friday, April 14th will be paid a dividend of $0.825 per share. The ex-dividend date of this dividend is Thursday, April 13th. This represents a $3.30 annualized dividend and a yield of 3.21%. EOG Resources’s dividend payout ratio (DPR) is presently 24.98%.

Analyst Ratings Changes

A number of research firms have issued reports on EOG. Raymond James raised their price target on shares of EOG Resources from $155.00 to $171.00 in a research report on Monday, November 28th. Barclays reduced their price target on shares of EOG Resources from $152.00 to $145.00 and set an “overweight” rating for the company in a research report on Wednesday, February 22nd. Truist Financial dropped their price objective on shares of EOG Resources from $152.00 to $146.00 in a research note on Thursday, December 15th. JPMorgan Chase & Co. dropped their price objective on shares of EOG Resources from $156.00 to $153.00 and set an “overweight” rating on the stock in a research note on Friday, January 27th. Finally, Credit Suisse Group dropped their price objective on shares of EOG Resources from $160.00 to $155.00 and set an “outperform” rating on the stock in a research note on Friday, February 24th. Five investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, EOG Resources currently has an average rating of “Moderate Buy” and a consensus target price of $152.45.

EOG Resources Company Profile

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EOG Resources, Inc engages in the exploration, development, production and marketing of crude oil and natural gas. It operates through the United States, Trinidad & Tobago, and Other International segments. The company was founded in 1985 and is headquartered in Houston, TX.