Key Square Capital Management LLC bought a new stake in EOG Resources Inc (NYSE:EOG) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 614,668 shares of the energy exploration company’s stock, valued at approximately $66,329,000. EOG Resources makes up approximately 6.4% of Key Square Capital Management LLC’s portfolio, making the stock its 4th largest position.

A number of other hedge funds also recently bought and sold shares of EOG. Baker Ellis Asset Management LLC acquired a new stake in shares of EOG Resources during the 3rd quarter worth $101,000. Chicago Partners Investment Group LLC increased its holdings in shares of EOG Resources by 178.0% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 1,112 shares of the energy exploration company’s stock worth $108,000 after buying an additional 712 shares during the last quarter. SeaCrest Wealth Management LLC acquired a new stake in shares of EOG Resources during the 4th quarter worth $123,000. Cerebellum GP LLC acquired a new stake in shares of EOG Resources during the 4th quarter worth $125,000. Finally, Fis Group Inc. acquired a new stake in shares of EOG Resources during the 3rd quarter worth $130,000. 85.59% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have recently commented on EOG. Morgan Stanley dropped their price objective on EOG Resources from $142.00 to $116.00 and set a “buy” rating for the company in a report on Wednesday, January 24th. Credit Suisse Group set a $126.00 price objective on EOG Resources and gave the stock a “hold” rating in a report on Tuesday, January 23rd. They noted that the move was a valuation call. Stifel Nicolaus set a $136.00 price objective on EOG Resources and gave the stock a “buy” rating in a report on Tuesday, January 30th. Zacks Investment Research upgraded EOG Resources from a “hold” rating to a “buy” rating and set a $129.00 price objective for the company in a report on Monday, January 15th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $120.00 price target on shares of EOG Resources in a report on Thursday, January 11th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $116.72.

In related news, EVP Michael P. Donaldson sold 15,322 shares of the firm’s stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $114.26, for a total transaction of $1,750,691.72. Following the completion of the sale, the executive vice president now directly owns 59,917 shares in the company, valued at $6,846,116.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, President Gary L. Thomas sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, December 29th. The stock was sold at an average price of $107.95, for a total transaction of $215,900.00. Following the sale, the president now owns 1,046,430 shares of the company’s stock, valued at $112,962,118.50. The disclosure for this sale can be found here. Insiders have sold 69,934 shares of company stock worth $7,820,085 in the last quarter. Company insiders own 0.53% of the company’s stock.

EOG Resources Inc (NYSE EOG) opened at $101.04 on Friday. EOG Resources Inc has a 12 month low of $81.99 and a 12 month high of $119.00. The company has a current ratio of 1.27, a quick ratio of 1.11 and a debt-to-equity ratio of 0.46. The company has a market cap of $61,164.02, a P/E ratio of 10,104.00, a P/E/G ratio of 3.27 and a beta of 1.01.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Wednesday, January 17th were paid a dividend of $0.1675 per share. The ex-dividend date was Tuesday, January 16th. This represents a $0.67 dividend on an annualized basis and a dividend yield of 0.66%. EOG Resources’s dividend payout ratio is presently 6,700.00%.

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EOG Resources Profile

EOG Resources, Inc explores for, develops, produces and markets crude oil and natural gas in major producing basins in the United States, The Republic of Trinidad and Tobago, the United Kingdom, The People’s Republic of China, Canada and, from time to time, select other international areas. Its operations are all crude oil and natural gas exploration and production related.

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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