Intech Investment Management LLC Boosts Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

Intech Investment Management LLC boosted its position in EOG Resources, Inc. (NYSE:EOG) by 42.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 55,738 shares of the energy exploration company’s stock after buying an additional 16,498 shares during the quarter. Intech Investment Management LLC’s holdings in EOG Resources were worth $6,832,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Transactions at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction that occurred on Tuesday, December 31st. The stock was 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 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 document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.30% of the company’s stock.

EOG Resources Stock Performance

Shares of NYSE EOG opened at $122.57 on Wednesday. The stock has a market cap of $67.89 billion, a price-to-earnings ratio of 9.87, a P/E/G ratio of 3.58 and a beta of 1.25. The stock’s 50-day moving average is $129.39 and its 200 day moving average is $127.51. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a 1-year low of $115.78 and a 1-year high of $139.67.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Friday, February 28th. The energy exploration company reported $2.74 earnings per share for the quarter, topping analysts’ consensus estimates of $2.55 by $0.19. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The firm had revenue of $5.59 billion during the quarter, compared to analyst estimates of $5.96 billion. On average, sell-side analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The business 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 dividend of $0.975 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.18%. EOG Resources’s dividend payout ratio (DPR) is currently 34.73%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on EOG shares. Benchmark reissued a “hold” rating on shares of EOG Resources in a report on Monday, January 13th. Piper Sandler dropped their price objective on EOG Resources from $141.00 to $135.00 and set a “neutral” rating on the stock in a report on Thursday, March 6th. Citigroup reduced their target price on EOG Resources from $134.00 to $125.00 and set a “neutral” rating for the company in a report on Monday. Royal Bank of Canada raised shares of EOG Resources from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $150.00 to $155.00 in a report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of EOG Resources from $149.00 to $132.00 and set a “neutral” rating for the company in a research note on Thursday, March 13th. Twelve analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $145.33.

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.