EOG Resources, Inc. (NYSE:EOG) Position Raised by Westpac Banking Corp

Westpac Banking Corp raised its position in shares of EOG Resources, Inc. (NYSE:EOG) by 430.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,165 shares of the energy exploration company’s stock after purchasing an additional 1,757 shares during the quarter. Westpac Banking Corp’s holdings in EOG Resources were worth $265,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Hilltop Holdings Inc. boosted its stake in EOG Resources by 93.9% during the third quarter. Hilltop Holdings Inc. now owns 4,695 shares of the energy exploration company’s stock valued at $577,000 after buying an additional 2,274 shares in the last quarter. Integrated Wealth Concepts LLC lifted its holdings in EOG Resources by 9.4% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 4,495 shares of the energy exploration company’s stock valued at $553,000 after acquiring an additional 387 shares during the last quarter. IHT Wealth Management LLC boosted its position in shares of EOG Resources by 28.7% during the 3rd quarter. IHT Wealth Management LLC now owns 4,940 shares of the energy exploration company’s stock valued at $610,000 after purchasing an additional 1,101 shares in the last quarter. Royal London Asset Management Ltd. grew its stake in shares of EOG Resources by 2.6% in the 3rd quarter. Royal London Asset Management Ltd. now owns 271,452 shares of the energy exploration company’s stock worth $33,370,000 after purchasing an additional 6,940 shares during the last quarter. Finally, Quarry LP raised its holdings in shares of EOG Resources by 1,004.5% in the 3rd quarter. Quarry LP now owns 729 shares of the energy exploration company’s stock worth $90,000 after purchasing an additional 663 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Trading Down 7.9 %

NYSE:EOG opened at $110.39 on Friday. The company has a market capitalization of $60.88 billion, a P/E ratio of 8.89, a P/E/G ratio of 3.58 and a beta of 0.93. The stock’s 50 day moving average price is $127.14 and its 200 day moving average price is $127.80. 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 52 week low of $109.20 and a 52 week high of $139.67.

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

EOG Resources Dividend Announcement

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

Insider Activity

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total transaction of $515,767.12. Following the completion of the sale, the chief operating officer now owns 47,732 shares of the company’s stock, valued at $6,098,240.32. This represents a 7.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on EOG shares. Piper Sandler reduced their target price on shares of EOG Resources from $141.00 to $135.00 and set a “neutral” rating for the company in a report on Thursday, March 6th. Bank of America restated a “neutral” rating and issued a $144.00 target price (down from $151.00) on shares of EOG Resources in a report on Monday, January 13th. Wells Fargo & Company decreased their price target on EOG Resources from $150.00 to $146.00 and set an “overweight” rating for the company in a research report on Thursday, March 13th. StockNews.com downgraded EOG Resources from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Finally, UBS Group decreased their target price on shares of EOG Resources from $165.00 to $160.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. Thirteen research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $144.67.

EOG Resources Profile

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.