Generali Investments CEE investicni spolecnost a.s. Invests $1.61 Million in EOG Resources, Inc. (NYSE:EOG)

Generali Investments CEE investicni spolecnost a.s. bought a new stake in EOG Resources, Inc. (NYSE:EOG) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 13,100 shares of the energy exploration company’s stock, valued at approximately $1,606,000.

A number of other institutional investors also recently added to or reduced their stakes in the company. Financial Life Planners acquired a new stake in shares of EOG Resources in the 4th quarter valued at $25,000. Y.D. More Investments Ltd raised its stake in EOG Resources by 149.4% in the fourth quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock valued at $25,000 after buying an additional 121 shares in the last quarter. Mainstream Capital Management LLC acquired a new position in shares of EOG Resources during the 4th quarter worth about $25,000. Decker Retirement Planning Inc. purchased a new position in shares of EOG Resources in the 4th quarter valued at about $27,000. Finally, Keystone Financial Group Inc. acquired a new stake in shares of EOG Resources during the 4th quarter worth about $27,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on EOG. StockNews.com cut shares of EOG Resources from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Wolfe Research upgraded shares of EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price target on the stock in a research note on Friday, January 3rd. Raymond James upped their price objective on shares of EOG Resources from $167.00 to $175.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 23rd. UBS Group cut their target price on EOG Resources from $165.00 to $160.00 and set a “buy” rating on the stock in a research report on Tuesday, March 4th. Finally, Mizuho decreased their target price on EOG Resources from $156.00 to $148.00 and set an “outperform” rating for the company in a research report on Monday, December 16th. Twelve research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, EOG Resources presently has an average rating of “Moderate Buy” and an average price target of $145.80.

Insider Buying and Selling

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction 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 transaction, the chief operating officer now directly owns 42,703 shares of the company’s stock, valued at approximately $5,162,365.67. The trade was a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.30% of the stock is owned by insiders.

EOG Resources Price Performance

Shares of NYSE:EOG opened at $125.41 on Friday. EOG Resources, Inc. has a 52 week low of $115.78 and a 52 week high of $139.67. The company has a 50-day moving average price of $129.50 and a 200 day moving average price of $127.72. The company has a market cap of $69.47 billion, a P/E ratio of 10.10, a PEG ratio of 3.58 and a beta of 1.25. 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 quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 EPS for the quarter, beating the consensus estimate of $2.55 by $0.19. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The business had revenue of $5.59 billion during the quarter, compared to analysts’ expectations of $5.96 billion. Research analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be issued a $0.975 dividend. The ex-dividend date is Wednesday, April 16th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.11%. EOG Resources’s dividend payout ratio is presently 34.73%.

EOG Resources Company 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.