Intech Investment Management LLC Boosts Holdings in EOG Resources, Inc. $EOG

Intech Investment Management LLC grew its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 856.2% during the 4th quarter, HoldingsChannel reports. The fund owned 300,434 shares of the energy exploration company’s stock after acquiring an additional 269,014 shares during the quarter. Intech Investment Management LLC’s holdings in EOG Resources were worth $31,549,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Olistico Wealth LLC purchased a new position in shares of EOG Resources during the fourth quarter worth approximately $33,000. Physician Wealth Advisors Inc. grew its holdings in shares of EOG Resources by 103.0% in the fourth quarter. Physician Wealth Advisors Inc. now owns 335 shares of the energy exploration company’s stock worth $35,000 after purchasing an additional 170 shares during the last quarter. Laurel Wealth Advisors LLC bought a new stake in EOG Resources during the 4th quarter valued at $38,000. AXS Investments LLC bought a new stake in EOG Resources during the 3rd quarter valued at $41,000. Finally, City Holding Co. raised its holdings in EOG Resources by 469.2% during the 4th quarter. City Holding Co. now owns 370 shares of the energy exploration company’s stock valued at $39,000 after buying an additional 305 shares during the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 5,698 shares of the company’s stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total value of $856,523.36. Following the transaction, the chief operating officer owned 88,045 shares in the company, valued at $13,234,924.40. The trade was a 6.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Ann D. Janssen sold 4,161 shares of the company’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $140.04, for a total transaction of $582,706.44. Following the completion of the transaction, the chief financial officer owned 100,246 shares in the company, valued at approximately $14,038,449.84. The trade was a 3.99% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 16,230 shares of company stock worth $2,272,568. 0.14% of the stock is currently owned by company insiders.

EOG Resources Stock Performance

Shares of EOG Resources stock opened at $134.52 on Friday. The stock has a market cap of $71.65 billion, a price-to-earnings ratio of 13.24 and a beta of 0.27. The firm’s 50-day moving average is $138.09 and its 200 day moving average is $121.67. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year high of $151.87. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.72 and a quick ratio of 1.53.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.23 by $0.18. The company had revenue of $6.92 billion for the quarter, compared to analysts’ expectations of $6.18 billion. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. EOG Resources’s revenue was up 22.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.87 EPS. Sell-side analysts anticipate that EOG Resources, Inc. will post 15.67 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be paid a $1.02 dividend. The ex-dividend date is Friday, July 17th. This represents a $4.08 dividend on an annualized basis and a yield of 3.0%. EOG Resources’s payout ratio is presently 40.16%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Weiss Ratings upgraded shares of EOG Resources from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, May 13th. JPMorgan Chase & Co. upped their price target on EOG Resources from $145.00 to $148.00 in a research report on Thursday, May 7th. Truist Financial upped their price target on EOG Resources from $146.00 to $149.00 and gave the company a “hold” rating in a research report on Friday, May 8th. DA Davidson lifted their price target on shares of EOG Resources from $148.00 to $153.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Finally, Capital One Financial lifted their price target on shares of EOG Resources from $130.00 to $161.00 and gave the company an “overweight” rating in a report on Thursday, March 26th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and fifteen have assigned a Hold rating to the company’s stock. According to MarketBeat, EOG Resources presently has a consensus rating of “Moderate Buy” and an average target price of $156.39.

EOG Resources Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand?alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.