EOG Resources, Inc. (NYSE:EOG) Shares Acquired by Artisan Partners Limited Partnership

Artisan Partners Limited Partnership raised its position in shares of EOG Resources, Inc. (NYSE:EOG) by 21.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,232,895 shares of the energy exploration company’s stock after buying an additional 218,129 shares during the quarter. Artisan Partners Limited Partnership owned about 0.22% of EOG Resources worth $151,128,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Financial Life Planners bought a new position in EOG Resources during the fourth quarter worth $25,000. Y.D. More Investments Ltd raised its holdings in shares of EOG Resources by 149.4% during the fourth quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock worth $25,000 after purchasing an additional 121 shares during the period. Mainstream Capital Management LLC bought a new position in shares of EOG Resources in the 4th quarter worth about $25,000. Decker Retirement Planning Inc. acquired a new position in shares of EOG Resources in the 4th quarter valued at about $27,000. Finally, Keystone Financial Group Inc. bought a new stake in shares of EOG Resources during the 4th quarter valued at about $27,000. Institutional investors own 89.91% of the company’s stock.

Insider Activity at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total transaction of $483,560.00. Following the completion of the sale, the chief operating officer now directly owns 42,703 shares of the company’s stock, valued at approximately $5,162,365.67. This represents a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.30% of the stock is currently owned by corporate insiders.

EOG Resources Stock Performance

NYSE:EOG opened at $129.12 on Thursday. The company has a 50-day moving average of $128.65 and a 200-day moving average of $127.61. The firm has a market cap of $71.52 billion, a price-to-earnings ratio of 10.40, a price-to-earnings-growth ratio of 3.58 and a beta of 1.25. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a twelve month low of $115.78 and a twelve month high of $139.67.

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

EOG Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be issued a dividend of $0.975 per share. This represents a $3.90 annualized dividend and a dividend yield of 3.02%. The ex-dividend date is Wednesday, April 16th. EOG Resources’s dividend payout ratio is 34.73%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on EOG shares. Barclays cut their target price on shares of EOG Resources from $146.00 to $144.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 18th. Citigroup reduced their price objective on EOG Resources from $134.00 to $125.00 and set a “neutral” rating for the company in a research report on Monday, March 17th. Williams Trading set a $154.00 target price on EOG Resources in a research report on Wednesday, March 5th. Truist Financial raised their target price on EOG Resources from $135.00 to $137.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Finally, Mizuho restated a “neutral” rating and set a $140.00 price target (down previously from $148.00) on shares of EOG Resources in a research report on Tuesday. Thirteen investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $144.95.

EOG Resources Company 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.