Aigen Investment Management LP Purchases 19,439 Shares of EOG Resources, Inc. (NYSE:EOG)

Aigen Investment Management LP lifted its position in EOG Resources, Inc. (NYSE:EOG) by 974.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 21,434 shares of the energy exploration company’s stock after acquiring an additional 19,439 shares during the period. Aigen Investment Management LP’s holdings in EOG Resources were worth $2,627,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in EOG. Financial Life Planners bought a new position in EOG Resources in the fourth quarter worth $25,000. Y.D. More Investments Ltd grew its position in shares of EOG Resources by 149.4% in the 4th quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock worth $25,000 after buying an additional 121 shares during the period. Mainstream Capital Management LLC bought a new position in shares of EOG Resources in the 4th quarter worth about $25,000. Decker Retirement Planning Inc. purchased a new position in EOG Resources during the 4th quarter valued at about $27,000. Finally, Keystone Financial Group Inc. purchased a new stake in EOG Resources in the fourth quarter worth about $27,000. Institutional investors own 89.91% of the company’s stock.

Insider Transactions at EOG Resources

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 sale, the chief operating officer now directly owns 42,703 shares of the company’s stock, valued at approximately $5,162,365.67. This represents a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.30% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Raymond James boosted their price target on EOG Resources from $167.00 to $175.00 and gave the stock a “strong-buy” rating in a research report on Thursday, January 23rd. Mizuho reduced their price objective on shares of EOG Resources from $156.00 to $148.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. UBS Group decreased their price objective on shares of EOG Resources from $165.00 to $160.00 and set a “buy” rating for the company in a report on Tuesday. Piper Sandler increased their target price on EOG Resources from $140.00 to $141.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Finally, Truist Financial boosted their price target on EOG Resources from $135.00 to $137.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Twelve research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $146.10.

EOG Resources Price Performance

NYSE:EOG opened at $122.21 on Wednesday. The business’s 50-day simple moving average is $129.34 and its two-hundred day simple moving average is $127.80. EOG Resources, Inc. has a 52 week low of $115.40 and a 52 week high of $139.67. The stock has a market cap of $68.74 billion, a PE ratio of 9.84, a P/E/G ratio of 3.58 and a beta of 1.27. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13.

EOG Resources (NYSE:EOG) last posted its earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share for the quarter, beating the consensus estimate of $2.55 by $0.19. The company had revenue of $5.59 billion during the quarter, compared to analysts’ expectations of $5.96 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. As a group, analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources announced that its board has authorized a share buyback program on Thursday, November 7th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the energy exploration company to buy up to 7% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

EOG Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be issued a dividend of $0.975 per share. This represents a $3.90 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend is Wednesday, April 16th. EOG Resources’s payout ratio is 34.73%.

EOG Resources Profile

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.