44,992 Shares in EOG Resources, Inc. $EOG Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new position in shares of EOG Resources, Inc. (NYSE:EOG) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 44,992 shares of the energy exploration company’s stock, valued at approximately $5,045,000.

A number of other hedge funds also recently added to or reduced their stakes in EOG. Baillie Gifford & Co. grew its position in shares of EOG Resources by 13.1% during the third quarter. Baillie Gifford & Co. now owns 144,033 shares of the energy exploration company’s stock worth $16,149,000 after acquiring an additional 16,705 shares during the last quarter. Deseret Mutual Benefit Administrators increased its position in EOG Resources by 20.2% in the 3rd quarter. Deseret Mutual Benefit Administrators now owns 1,189 shares of the energy exploration company’s stock valued at $133,000 after acquiring an additional 200 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its stake in EOG Resources by 5.7% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 667,619 shares of the energy exploration company’s stock valued at $74,853,000 after acquiring an additional 36,002 shares in the last quarter. UniSuper Management Pty Ltd boosted its position in EOG Resources by 14.6% during the 3rd quarter. UniSuper Management Pty Ltd now owns 47,379 shares of the energy exploration company’s stock worth $5,312,000 after acquiring an additional 6,051 shares during the period. Finally, TrueMark Investments LLC grew its stake in shares of EOG Resources by 42.5% in the third quarter. TrueMark Investments LLC now owns 57,339 shares of the energy exploration company’s stock worth $6,429,000 after purchasing an additional 17,115 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors.

Insider Activity

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

Analyst Ratings Changes

Several equities research analysts recently weighed in on EOG shares. Barclays reduced their price objective on shares of EOG Resources from $136.00 to $133.00 and set an “equal weight” rating for the company in a report on Wednesday. Zacks Research lowered shares of EOG Resources from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 20th. UBS Group restated a “buy” rating and issued a $141.00 target price (down from $144.00) on shares of EOG Resources in a research report on Friday, December 12th. Morgan Stanley set a $128.00 price objective on EOG Resources and gave the stock an “equal weight” rating in a research note on Friday. Finally, Sanford C. Bernstein reiterated a “market perform” rating and issued a $126.00 price target (down from $144.00) on shares of EOG Resources in a research report on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, sixteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $134.67.

EOG Resources Trading Up 1.8%

NYSE:EOG opened at $108.26 on Friday. The stock has a fifty day simple moving average of $106.68 and a 200 day simple moving average of $112.15. The firm has a market capitalization of $58.74 billion, a price-to-earnings ratio of 10.78, a price-to-earnings-growth ratio of 9.00 and a beta of 0.49. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $135.87. The company has a quick ratio of 1.43, a current ratio of 1.62 and a debt-to-equity ratio of 0.25.

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

EOG Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 16th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 3.8%. The ex-dividend date is Friday, January 16th. EOG Resources’s payout ratio is presently 40.64%.

EOG Resources 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.