denkapparat Operations GmbH Takes Position in EOG Resources, Inc. (NYSE:EOG)

denkapparat Operations GmbH acquired a new stake in EOG Resources, Inc. (NYSE:EOG) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 4,574 shares of the energy exploration company’s stock, valued at approximately $561,000.

Several other hedge funds and other institutional investors also recently modified their holdings of EOG. Charles Schwab Investment Management Inc. boosted its stake in EOG Resources by 4.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 18,192,314 shares of the energy exploration company’s stock valued at $2,230,014,000 after buying an additional 781,282 shares during the period. Geode Capital Management LLC raised its position in EOG Resources by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 12,315,735 shares of the energy exploration company’s stock worth $1,513,446,000 after purchasing an additional 180,755 shares during the period. Franklin Resources Inc. grew its holdings in shares of EOG Resources by 64.7% in the third quarter. Franklin Resources Inc. now owns 5,284,228 shares of the energy exploration company’s stock worth $694,717,000 after purchasing an additional 2,076,134 shares during the last quarter. Pacer Advisors Inc. increased its holdings in EOG Resources by 5.0% during the 4th quarter. Pacer Advisors Inc. now owns 4,469,142 shares of the energy exploration company’s stock valued at $547,827,000 after purchasing an additional 214,497 shares during the period. Finally, Wealthfront Advisers LLC boosted its holdings in EOG Resources by 4,642.2% in the fourth quarter. Wealthfront Advisers LLC now owns 2,852,238 shares of the energy exploration company’s stock valued at $349,627,000 after acquiring an additional 2,792,092 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

Insiders Place Their Bets

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total value 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 trade represents a 8.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.30% of the company’s stock.

EOG Resources Trading Down 1.8 %

Shares of EOG stock opened at $126.84 on Friday. The business’s 50 day moving average is $128.43 and its two-hundred day moving average is $127.61. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a 12 month low of $115.78 and a 12 month high of $139.67. The company has a market cap of $70.26 billion, a PE ratio of 10.21, a price-to-earnings-growth ratio of 3.58 and a beta of 1.25.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Friday, February 28th. The energy exploration company reported $2.74 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 23.77% and a net margin of 29.18%. Equities analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

The firm 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 3.07%. The ex-dividend date is Wednesday, April 16th. EOG Resources’s payout ratio is presently 34.73%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Bank of America reaffirmed 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. StockNews.com downgraded EOG Resources from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Morgan Stanley reduced their price target on shares of EOG Resources from $142.00 to $136.00 and set an “equal weight” rating on the stock in a research note on Thursday. Truist Financial boosted their target price on shares of EOG Resources from $135.00 to $137.00 and gave the stock a “hold” rating in a report on Monday, January 13th. Finally, UBS Group dropped their target price on shares of EOG Resources from $165.00 to $160.00 and set a “buy” rating on the stock in a research report on Tuesday, March 4th. Thirteen equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, EOG Resources currently has an average rating of “Hold” and an average price target of $144.67.

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.