EOG Resources, Inc. $EOG Shares Bought by AlphaQuest LLC

AlphaQuest LLC grew its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 1,413.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,533 shares of the energy exploration company’s stock after buying an additional 23,846 shares during the period. AlphaQuest LLC’s holdings in EOG Resources were worth $2,863,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the business. Caitong International Asset Management Co. Ltd lifted its holdings in shares of EOG Resources by 10,950.0% during the second quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company’s stock worth $26,000 after purchasing an additional 219 shares during the period. JCIC Asset Management Inc. purchased a new position in EOG Resources during the 3rd quarter worth $32,000. Keener Financial Planning LLC acquired a new stake in shares of EOG Resources in the 2nd quarter worth $35,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of EOG Resources in the second quarter valued at about $35,000. Finally, Salomon & Ludwin LLC increased its stake in shares of EOG Resources by 122.8% during the third quarter. Salomon & Ludwin LLC now owns 323 shares of the energy exploration company’s stock worth $36,000 after acquiring an additional 178 shares during the period. 89.91% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $105.68, for a total transaction of $211,360.00. Following the sale, the chief operating officer owned 54,979 shares in the company, valued at $5,810,180.72. This represents a 3.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.13% of the stock is currently owned by corporate insiders.

EOG Resources Stock Performance

Shares of EOG opened at $112.13 on Friday. The firm has a market cap of $60.84 billion, a price-to-earnings ratio of 11.17, a PEG ratio of 9.68 and a beta of 0.49. The company has a quick ratio of 1.43, a current ratio of 1.62 and a debt-to-equity ratio of 0.25. The business’s 50 day moving average is $106.92 and its two-hundred day moving average is $111.80. EOG Resources, Inc. has a 52-week low of $101.59 and a 52-week high of $135.87.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.42 by $0.29. EOG Resources had a net margin of 24.49% and a return on equity of 19.80%. The firm had revenue of $5.85 billion for the quarter, compared to analysts’ expectations of $5.48 billion. During the same period in the prior year, the company posted $2.89 earnings per share. The firm’s quarterly revenue was down 2.0% on a year-over-year basis. Analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Friday, January 16th were paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date was Friday, January 16th. EOG Resources’s dividend payout ratio (DPR) is 40.64%.

Analysts Set New Price Targets

Several research analysts have issued reports on EOG shares. Siebert Williams Shank cut their price objective on EOG Resources from $155.00 to $145.00 and set a “buy” rating for the company in a research report on Monday, October 13th. UBS Group reiterated a “buy” rating and issued a $141.00 price target (down previously from $144.00) on shares of EOG Resources in a report on Friday, December 12th. The Goldman Sachs Group decreased their price objective on shares of EOG Resources from $125.00 to $123.00 and set a “neutral” rating on the stock in a report on Thursday, January 22nd. JPMorgan Chase & Co. dropped their target price on shares of EOG Resources from $121.00 to $115.00 and set a “neutral” rating for the company in a report on Friday, January 23rd. Finally, BMO Capital Markets decreased their price target on EOG Resources from $126.00 to $120.00 and set an “outperform” rating on the stock in a research note on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, sixteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, EOG Resources currently has an average rating of “Hold” and an average price target of $134.07.

EOG Resources Company Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.