Capital International Inc. CA Increases Position in EOG Resources, Inc. $EOG

Capital International Inc. CA raised its stake in EOG Resources, Inc. (NYSE:EOG) by 9.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 457,145 shares of the energy exploration company’s stock after purchasing an additional 39,844 shares during the quarter. Capital International Inc. CA owned 0.08% of EOG Resources worth $51,255,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. JCIC Asset Management Inc. purchased a new position in EOG Resources in the third quarter valued at about $32,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of EOG Resources in the 2nd quarter worth about $35,000. Salomon & Ludwin LLC grew its stake in EOG Resources by 122.8% in the 3rd quarter. Salomon & Ludwin LLC now owns 323 shares of the energy exploration company’s stock valued at $36,000 after acquiring an additional 178 shares during the last quarter. Mountain Hill Investment Partners Corp. acquired a new stake in EOG Resources in the 3rd quarter valued at about $37,000. Finally, Quent Capital LLC purchased a new stake in shares of EOG Resources in the third quarter valued at about $37,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

EOG Resources Stock Performance

Shares of EOG stock opened at $131.48 on Tuesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.42 and a current ratio of 1.63. The firm has a market capitalization of $70.54 billion, a price-to-earnings ratio of 14.43 and a beta of 0.44. EOG Resources, Inc. has a one year low of $101.59 and a one year high of $134.36. The company has a 50 day moving average price of $114.32 and a 200 day moving average price of $112.17.

EOG Resources (NYSE:EOG) last issued its earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.07. The business had revenue of $5.64 billion for the quarter, compared to analyst estimates of $5.36 billion. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.The business’s quarterly revenue was up .9% on a year-over-year basis. During the same period last year, the company posted $2.74 EPS. Sell-side analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th will be issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Thursday, April 16th. EOG Resources’s dividend payout ratio (DPR) is currently 44.79%.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 2,000 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $130.00, for a total value of $260,000.00. Following the sale, the chief operating officer owned 88,045 shares in the company, valued at approximately $11,445,850. This represents a 2.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders have sold 7,774 shares of company stock valued at $945,895. 0.13% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

EOG has been the topic of a number of analyst reports. Johnson Rice lowered their target price on EOG Resources from $145.00 to $135.00 and set a “hold” rating on the stock in a report on Friday, December 5th. UBS Group lifted their price objective on EOG Resources from $141.00 to $149.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Stephens lifted their price target on shares of EOG Resources from $138.00 to $139.00 and gave the stock an “equal weight” rating in a report on Thursday, February 12th. JPMorgan Chase & Co. boosted their price target on EOG Resources from $115.00 to $125.00 and gave the company a “neutral” rating in a report on Thursday, February 26th. Finally, Wells Fargo & Company reissued an “overweight” rating and set a $127.00 price target (up from $126.00) on shares of EOG Resources in a research note on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seventeen have assigned a Hold rating to the company’s stock. According to MarketBeat.com, EOG Resources currently has an average rating of “Hold” and a consensus price target of $135.77.

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.