EOG Resources, Inc. (NYSE:EOG) Shares Acquired by Catalina Capital Group LLC

Catalina Capital Group LLC lifted its position in EOG Resources, Inc. (NYSE:EOG) by 7.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,317 shares of the energy exploration company’s stock after acquiring an additional 243 shares during the period. Catalina Capital Group LLC’s holdings in EOG Resources were worth $407,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Czech National Bank lifted its stake in shares of EOG Resources by 5.8% in the third quarter. Czech National Bank now owns 115,848 shares of the energy exploration company’s stock worth $14,241,000 after buying an additional 6,331 shares in the last quarter. GAMMA Investing LLC raised its holdings in EOG Resources by 19.6% in the 3rd quarter. GAMMA Investing LLC now owns 8,015 shares of the energy exploration company’s stock valued at $985,000 after acquiring an additional 1,316 shares during the last quarter. Diversified Trust Co lifted its stake in EOG Resources by 60.1% in the 3rd quarter. Diversified Trust Co now owns 9,573 shares of the energy exploration company’s stock worth $1,177,000 after purchasing an additional 3,595 shares in the last quarter. Everpar Advisors LLC raised its holdings in shares of EOG Resources by 3.6% during the 3rd quarter. Everpar Advisors LLC now owns 2,380 shares of the energy exploration company’s stock worth $293,000 after acquiring an additional 83 shares during the period. Finally, Miracle Mile Advisors LLC raised its holdings in shares of EOG Resources by 37.8% during the 3rd quarter. Miracle Mile Advisors LLC now owns 8,663 shares of the energy exploration company’s stock worth $1,065,000 after acquiring an additional 2,376 shares during the period. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Scotiabank cut their price objective on shares of EOG Resources from $150.00 to $140.00 and set a “sector perform” rating for the company in a research report on Thursday, October 10th. Raymond James raised their target price on EOG Resources from $167.00 to $175.00 and gave the company a “strong-buy” rating in a report on Thursday, January 23rd. Wells Fargo & Company upgraded shares of EOG Resources from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $147.00 to $150.00 in a research note on Tuesday, December 17th. StockNews.com raised shares of EOG Resources from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Finally, Piper Sandler upped their target price on shares of EOG Resources from $140.00 to $141.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Thirteen research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, EOG Resources presently has a consensus rating of “Hold” and a consensus price target of $143.90.

Insider Activity at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction on Tuesday, December 31st. The stock was 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 in the company, valued at $5,162,365.67. This represents a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Janet F. Clark sold 568 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $135.33, for a total value of $76,867.44. Following the completion of the transaction, the director now directly owns 43,532 shares in the company, valued at $5,891,185.56. The trade was a 1.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by insiders.

EOG Resources Stock Performance

Shares of NYSE EOG opened at $126.41 on Tuesday. The business’s 50-day moving average price is $128.37 and its two-hundred day moving average price is $127.33. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. EOG Resources, Inc. has a one year low of $108.94 and a one year high of $139.67. The company has a market capitalization of $71.10 billion, a P/E ratio of 10.18, a price-to-earnings-growth ratio of 3.33 and a beta of 1.27.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, November 7th. The energy exploration company reported $2.89 EPS for the quarter, beating analysts’ consensus estimates of $2.73 by $0.16. The business had revenue of $5.97 billion during the quarter, compared to analyst estimates of $6.03 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. During the same quarter in the prior year, the business earned $3.44 earnings per share. Analysts anticipate that EOG Resources, Inc. will post 11.46 earnings per share for the current fiscal year.

EOG Resources Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 17th were given a dividend of $0.975 per share. This is a positive change from EOG Resources’s previous quarterly dividend of $0.91. This represents a $3.90 annualized dividend and a dividend yield of 3.09%. The ex-dividend date of this dividend was Friday, January 17th. EOG Resources’s payout ratio is 31.40%.

EOG Resources declared that its Board of Directors has approved a share buyback plan on Thursday, November 7th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the energy exploration company to purchase up to 7% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

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.