Graham Capital Management L.P. Buys New Shares in EOG Resources, Inc. (NYSE:EOG)

Graham Capital Management L.P. purchased a new position in EOG Resources, Inc. (NYSE:EOG) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 26,451 shares of the energy exploration company’s stock, valued at approximately $3,242,000.

Several other institutional investors have also recently made changes to their positions in the stock. Mountain Lake Investment Management LLC purchased a new position in EOG Resources during the fourth quarter valued at approximately $735,000. Oak Ridge Investments LLC lifted its stake in shares of EOG Resources by 5.9% during the 4th quarter. Oak Ridge Investments LLC now owns 41,274 shares of the energy exploration company’s stock valued at $5,059,000 after buying an additional 2,311 shares in the last quarter. Tobam bought a new position in EOG Resources in the 4th quarter worth $352,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in EOG Resources by 161.8% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,487 shares of the energy exploration company’s stock worth $550,000 after buying an additional 2,773 shares in the last quarter. Finally, Twelve Points Wealth Management LLC raised its holdings in EOG Resources by 27.2% during the fourth quarter. Twelve Points Wealth Management LLC now owns 24,579 shares of the energy exploration company’s stock valued at $3,013,000 after acquiring an additional 5,259 shares during the period. Institutional investors own 89.91% of the company’s stock.

Insider Buying and Selling

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of EOG Resources stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total value of $515,767.12. Following the transaction, the chief operating officer now directly owns 47,732 shares in the company, valued at approximately $6,098,240.32. This trade represents a 7.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.13% of the stock is owned by insiders.

Wall Street Analyst Weigh In

EOG has been the subject of several research analyst reports. KeyCorp cut their target price on EOG Resources from $150.00 to $140.00 and set an “overweight” rating for the company in a research report on Monday, April 21st. Raymond James reissued a “strong-buy” rating and issued a $140.00 target price on shares of EOG Resources in a report on Monday, April 21st. UBS Group cut their target price on shares of EOG Resources from $165.00 to $160.00 and set a “buy” rating for the company in a research note on Tuesday, March 4th. JPMorgan Chase & Co. decreased their price target on shares of EOG Resources from $149.00 to $132.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th. Finally, Truist Financial lifted their target price on EOG Resources from $135.00 to $137.00 and gave the stock a “hold” rating in a report on Monday, January 13th. Eleven investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, EOG Resources has a consensus rating of “Moderate Buy” and an average price target of $140.95.

EOG Resources Trading Up 1.3 %

EOG stock opened at $111.13 on Friday. EOG Resources, Inc. has a 12 month low of $102.52 and a 12 month high of $138.18. The firm’s 50-day moving average is $116.68 and its 200 day moving average is $124.53. The company has a market capitalization of $60.65 billion, a PE ratio of 8.95, a P/E/G ratio of 3.58 and a beta of 0.78. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share for the quarter, beating the consensus estimate of $2.75 by $0.12. The firm had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.92 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The company’s revenue was down 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.82 earnings per share. On average, research analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 17th will be paid a dividend of $0.975 per share. The ex-dividend date is Thursday, July 17th. This represents a $3.90 annualized dividend and a dividend yield of 3.51%. EOG Resources’s dividend payout ratio is currently 36.18%.

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.