4,633 Shares in EOG Resources, Inc. (NYSE:EOG) Purchased by Recurrent Investment Advisors LLC

Recurrent Investment Advisors LLC acquired a new stake in shares of EOG Resources, Inc. (NYSE:EOG) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 4,633 shares of the energy exploration company’s stock, valued at approximately $568,000.

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

EOG Resources Trading Down 1.0%

NYSE:EOG opened at $115.52 on Thursday. The company has a market capitalization of $63.05 billion, a P/E ratio of 9.30, a P/E/G ratio of 3.58 and a beta of 0.78. The stock’s 50 day moving average price is $116.22 and its 200 day moving average price is $124.35. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. EOG Resources, Inc. has a 52 week low of $102.52 and a 52 week high of $138.18.

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

EOG Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 17th will be issued a dividend of $0.975 per share. The ex-dividend date of this dividend is Thursday, July 17th. This represents a $3.90 annualized dividend and a yield of 3.38%. EOG Resources’s dividend payout ratio (DPR) is presently 36.18%.

Insider Activity

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of the firm’s stock in a transaction on Tuesday, April 1st. The shares were 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 transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on EOG shares. Barclays dropped their price target on EOG Resources from $140.00 to $137.00 and set an “equal weight” rating on the stock in a research note on Friday, May 2nd. Scotiabank raised shares of EOG Resources from a “sector perform” rating to a “sector outperform” rating and dropped their target price for the stock from $150.00 to $130.00 in a research report on Friday, April 11th. StockNews.com lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Piper Sandler decreased their price objective on shares of EOG Resources from $135.00 to $133.00 and set a “neutral” rating for the company in a research note on Tuesday, April 22nd. Finally, Susquehanna cut their target price on shares of EOG Resources from $161.00 to $156.00 and set a “positive” rating on the stock in a research note on Tuesday, April 22nd. Eleven 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 stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $140.63.

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.