EOG Resources, Inc. $EOG Shares Purchased by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC raised its stake in EOG Resources, Inc. (NYSE:EOG) by 315.4% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 125,333 shares of the energy exploration company’s stock after buying an additional 95,163 shares during the quarter. Wedge Capital Management L L P NC’s holdings in EOG Resources were worth $13,161,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Capital World Investors increased its holdings in shares of EOG Resources by 1.4% in the 3rd quarter. Capital World Investors now owns 54,907,949 shares of the energy exploration company’s stock worth $6,156,495,000 after acquiring an additional 782,426 shares during the period. Capital Research Global Investors lifted its position in EOG Resources by 0.5% in the 3rd quarter. Capital Research Global Investors now owns 24,926,659 shares of the energy exploration company’s stock valued at $2,794,784,000 after purchasing an additional 122,486 shares during the last quarter. Alliancebernstein L.P. boosted its stake in EOG Resources by 4.2% during the 2nd quarter. Alliancebernstein L.P. now owns 6,159,281 shares of the energy exploration company’s stock valued at $736,712,000 after purchasing an additional 249,984 shares during the period. Northern Trust Corp boosted its stake in EOG Resources by 0.8% during the 3rd quarter. Northern Trust Corp now owns 5,974,950 shares of the energy exploration company’s stock valued at $669,911,000 after purchasing an additional 49,987 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in EOG Resources by 6.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 5,972,687 shares of the energy exploration company’s stock worth $669,727,000 after purchasing an additional 344,291 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insiders Place Their Bets

In related news, COO Jeffrey R. Leitzell sold 2,000 shares of EOG Resources stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $130.00, for a total transaction of $260,000.00. Following the transaction, the chief operating officer directly owned 88,045 shares of the company’s stock, valued at $11,445,850. The trade was a 2.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Ann D. Janssen sold 4,161 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer directly owned 100,246 shares of the company’s stock, valued at $14,038,449.84. The trade was a 3.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 14,532 shares of company stock worth $1,877,405 in the last three months. Company insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Raymond James Financial lifted their price target on EOG Resources from $153.00 to $157.00 and gave the company a “strong-buy” rating in a report on Friday, February 13th. Piper Sandler increased their price objective on EOG Resources from $127.00 to $144.00 and gave the stock a “neutral” rating in a report on Thursday, March 12th. Mizuho raised their target price on EOG Resources from $134.00 to $146.00 and gave the company a “neutral” rating in a research report on Tuesday, March 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of EOG Resources in a research note on Thursday, January 22nd. Finally, BMO Capital Markets boosted their price target on EOG Resources from $120.00 to $140.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 3rd. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eighteen have given a Hold rating to the stock. Based on data from MarketBeat, EOG Resources currently has an average rating of “Hold” and an average price target of $139.52.

EOG Resources Stock Up 1.4%

EOG stock opened at $149.63 on Friday. The firm’s 50-day moving average is $123.33 and its two-hundred day moving average is $113.86. The company has a market capitalization of $80.27 billion, a price-to-earnings ratio of 16.42, a price-to-earnings-growth ratio of 3.64 and a beta of 0.44. EOG Resources, Inc. has a 52 week low of $101.59 and a 52 week high of $150.10. The company has a current ratio of 1.63, a quick ratio of 1.42 and a debt-to-equity ratio of 0.27.

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

EOG Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th will be given a dividend of $1.02 per share. The ex-dividend date is Thursday, April 16th. This represents a $4.08 annualized dividend and a dividend yield of 2.7%. EOG Resources’s dividend payout ratio (DPR) is 44.79%.

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.