Vinva Investment Management Ltd Increases Stock Position in EOG Resources, Inc. (NYSE:EOG)

Vinva Investment Management Ltd lifted its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 61.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 82,949 shares of the energy exploration company’s stock after buying an additional 31,569 shares during the quarter. Vinva Investment Management Ltd’s holdings in EOG Resources were worth $10,002,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Financial Life Planners purchased a new stake in shares of EOG Resources during the 4th quarter valued at approximately $25,000. Y.D. More Investments Ltd lifted its stake in EOG Resources by 149.4% in the 4th 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 in the last quarter. Mainstream Capital Management LLC purchased a new stake in EOG Resources in the 4th quarter worth approximately $25,000. Decker Retirement Planning Inc. purchased a new stake in EOG Resources in the 4th quarter worth approximately $27,000. Finally, Keystone Financial Group Inc. purchased a new stake in EOG Resources in the 4th quarter worth approximately $27,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources 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 transaction, the chief operating officer now directly owns 42,703 shares of the company’s stock, valued at $5,162,365.67. This trade represents a 8.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on EOG. Morgan Stanley lowered their target price on shares of EOG Resources from $143.00 to $142.00 and set an “equal weight” rating on the stock in a research note on Monday, March 3rd. Truist Financial increased their target price on shares of EOG Resources from $135.00 to $137.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Barclays lowered 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 research note on Tuesday. Wells Fargo & Company decreased their price target on shares of EOG Resources from $150.00 to $146.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. Finally, Citigroup decreased their price target on shares of EOG Resources from $134.00 to $125.00 and set a “neutral” rating on the stock in a report on Monday. Twelve research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $145.33.

EOG Resources Trading Down 0.8 %

Shares of EOG opened at $122.57 on Wednesday. The stock has a market capitalization of $67.89 billion, a P/E ratio of 9.87, a PEG ratio of 3.58 and a beta of 1.25. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The firm has a fifty day simple moving average of $129.39 and a two-hundred day simple moving average of $127.51. 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 earnings results on Friday, February 28th. The energy exploration company reported $2.74 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 during the quarter, compared to analysts’ expectations of $5.96 billion. On average, research analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current 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 given a $0.975 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $3.90 annualized dividend and a dividend yield of 3.18%. EOG Resources’s dividend payout ratio is 34.73%.

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.