30,240 Shares in EOG Resources, Inc. (NYSE:EOG) Acquired by Redwood Investment Management LLC

Redwood Investment Management LLC acquired a new stake in shares of EOG Resources, Inc. (NYSE:EOG) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 30,240 shares of the energy exploration company’s stock, valued at approximately $3,707,000.

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

EOG Resources Stock Down 1.0%

EOG stock opened at $115.52 on Thursday. The company has a market cap of $63.05 billion, a price-to-earnings ratio of 9.30, a P/E/G ratio of 3.58 and a beta of 0.78. EOG Resources, Inc. has a twelve month low of $102.52 and a twelve month high of $138.18. The business has a 50 day moving average price of $116.22 and a two-hundred day moving average price of $124.35. 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 (NYSE:EOG) last released its earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share for the quarter, beating the consensus estimate of $2.75 by $0.12. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The business had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.92 billion. During the same period last year, the business earned $2.82 earnings per share. The firm’s revenue was down 7.4% on a year-over-year basis. Analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 17th will be paid a dividend of $0.975 per share. The ex-dividend date of this dividend is Thursday, July 17th. This represents a $3.90 annualized dividend and a dividend yield of 3.38%. EOG Resources’s dividend payout ratio is presently 36.18%.

Insider Activity

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total transaction of $515,767.12. Following the transaction, the chief operating officer now directly owns 47,732 shares of the company’s stock, valued at approximately $6,098,240.32. The trade was a 7.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on EOG shares. Barclays lowered their target price on EOG Resources from $140.00 to $137.00 and set an “equal weight” rating for the company in a research note on Friday, May 2nd. Williams Trading set a $154.00 price objective on shares of EOG Resources in a research report on Wednesday, March 5th. Royal Bank of Canada raised shares of EOG Resources from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $150.00 to $155.00 in a research report on Wednesday, February 12th. Morgan Stanley lowered their target price on EOG Resources from $142.00 to $136.00 and set an “equal weight” rating for the company in a report on Thursday, March 27th. Finally, Scotiabank raised EOG Resources from a “sector perform” rating to a “sector outperform” rating and dropped their price target for the company from $150.00 to $130.00 in a research note on Friday, April 11th. Eleven analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $140.63.

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.