EOG Resources, Inc. $EOG Shares Purchased by Sivia Capital Partners LLC

Sivia Capital Partners LLC lifted its stake in EOG Resources, Inc. (NYSE:EOG) by 201.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,358 shares of the energy exploration company’s stock after purchasing an additional 4,249 shares during the period. Sivia Capital Partners LLC’s holdings in EOG Resources were worth $668,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Quantbot Technologies LP acquired a new position in EOG Resources during the second quarter worth about $349,000. Gamco Investors INC. ET AL raised its position in EOG Resources by 216.1% during the second quarter. Gamco Investors INC. ET AL now owns 6,560 shares of the energy exploration company’s stock worth $785,000 after acquiring an additional 4,485 shares during the last quarter. NewEdge Advisors LLC raised its position in EOG Resources by 2.0% during the second quarter. NewEdge Advisors LLC now owns 22,780 shares of the energy exploration company’s stock worth $2,725,000 after acquiring an additional 444 shares during the last quarter. Sei Investments Co. raised its position in EOG Resources by 4.4% during the second quarter. Sei Investments Co. now owns 362,446 shares of the energy exploration company’s stock worth $43,356,000 after acquiring an additional 15,250 shares during the last quarter. Finally, Osterweis Capital Management Inc. raised its position in EOG Resources by 3,790.0% during the second quarter. Osterweis Capital Management Inc. now owns 389 shares of the energy exploration company’s stock worth $47,000 after acquiring an additional 379 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insider Buying and Selling

In other news, COO Jeffrey R. Leitzell sold 5,698 shares of the business’s stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total value of $856,523.36. Following the completion of the transaction, the chief operating officer owned 88,045 shares of the company’s stock, valued at $13,234,924.40. The trade was a 6.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Ann D. Janssen sold 4,161 shares of the business’s stock in a transaction that occurred on Thursday, March 19th. The shares were 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 directly owned 100,246 shares of the company’s stock, valued at approximately $14,038,449.84. This represents a 3.99% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 12,456 shares of company stock valued at $1,788,033. Company insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on EOG. Morgan Stanley lifted their target price on shares of EOG Resources from $155.00 to $160.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 21st. Zacks Research cut shares of EOG Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 27th. Citigroup restated a “neutral” rating and set a $147.00 target price (up from $142.00) on shares of EOG Resources in a research report on Wednesday, May 20th. Wall Street Zen upgraded shares of EOG Resources from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, Jefferies Financial Group lifted their target price on shares of EOG Resources from $146.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and sixteen have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $156.32.

EOG Resources Stock Performance

NYSE:EOG opened at $140.79 on Friday. The firm has a 50 day simple moving average of $137.97 and a 200-day simple moving average of $122.71. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.72 and a quick ratio of 1.53. The firm has a market cap of $74.99 billion, a PE ratio of 13.86 and a beta of 0.25. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $151.87.

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

EOG Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, July 17th. EOG Resources’s payout ratio is currently 40.16%.

About EOG Resources

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.