Rahlfs Capital LLC Purchases Shares of 9,040 EOG Resources, Inc. (NYSE:EOG)

Rahlfs Capital LLC acquired a new position in shares of EOG Resources, Inc. (NYSE:EOG) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 9,040 shares of the energy exploration company’s stock, valued at approximately $1,108,000. EOG Resources comprises 1.0% of Rahlfs Capital LLC’s portfolio, making the stock its 27th largest position.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. World Investment Advisors LLC acquired a new stake in EOG Resources in the 3rd quarter valued at about $730,000. Mountain Lake Investment Management LLC purchased a new position in EOG Resources in the fourth quarter worth approximately $735,000. Oak Ridge Investments LLC grew its holdings in EOG Resources by 5.9% during the 4th quarter. Oak Ridge Investments LLC now owns 41,274 shares of the energy exploration company’s stock worth $5,059,000 after acquiring an additional 2,311 shares in the last quarter. Tobam purchased a new stake in EOG Resources during the 4th quarter worth about $352,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in EOG Resources by 161.8% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,487 shares of the energy exploration company’s stock valued at $550,000 after purchasing an additional 2,773 shares during the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

EOG Resources Price Performance

Shares of NYSE EOG opened at $110.39 on Friday. 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 one year low of $109.20 and a one year high of $139.67. The company’s fifty day moving average is $127.14 and its two-hundred day moving average is $127.80. The firm has a market capitalization of $60.88 billion, a P/E ratio of 8.89, a PEG ratio of 3.58 and a beta of 0.93.

EOG Resources (NYSE:EOG) last issued its earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.55 by $0.19. The company had revenue of $5.59 billion during the quarter, compared to analysts’ expectations of $5.96 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. Analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be issued a $0.975 dividend. This represents a $3.90 annualized dividend and a yield of 3.53%. The ex-dividend date of this dividend is Wednesday, April 16th. EOG Resources’s dividend payout ratio (DPR) is 34.73%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on EOG shares. Mizuho restated a “neutral” rating and issued a $140.00 price objective (down previously from $148.00) on shares of EOG Resources in a research note on Tuesday, March 25th. StockNews.com downgraded EOG Resources from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Benchmark reiterated a “hold” rating on shares of EOG Resources in a research note on Monday, January 13th. Piper Sandler cut their target price on shares of EOG Resources from $141.00 to $135.00 and set a “neutral” rating on the stock in a report on Thursday, March 6th. Finally, Raymond James raised their price objective on shares of EOG Resources from $167.00 to $175.00 and gave the stock a “strong-buy” rating in a research report on Thursday, January 23rd. Thirteen equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $144.67.

Insider Activity

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of the stock in a transaction that occurred 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 sale, the chief operating officer now directly owns 47,732 shares in the company, valued at $6,098,240.32. This represents a 7.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.20% of the company’s stock.

About EOG Resources

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.