4,900 Shares in EOG Resources, Inc. $EOG Acquired by CTC Alternative Strategies Ltd.

CTC Alternative Strategies Ltd. bought a new position in shares of EOG Resources, Inc. (NYSE:EOG) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,900 shares of the energy exploration company’s stock, valued at approximately $549,000.

Other large investors have also recently made changes to their positions in the company. JCIC Asset Management Inc. bought a new stake in EOG Resources during the third quarter valued at about $32,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of EOG Resources in the 2nd quarter valued at about $35,000. Salomon & Ludwin LLC boosted its holdings in shares of EOG Resources by 122.8% in the 3rd quarter. Salomon & Ludwin LLC now owns 323 shares of the energy exploration company’s stock valued at $36,000 after buying an additional 178 shares in the last quarter. Mountain Hill Investment Partners Corp. purchased a new position in shares of EOG Resources in the 3rd quarter worth approximately $37,000. Finally, Quent Capital LLC purchased a new position in shares of EOG Resources in the 3rd quarter worth approximately $37,000. 89.91% of the stock is owned by institutional investors.

EOG Resources Trading Up 1.4%

Shares of EOG Resources stock opened at $137.65 on Thursday. The firm’s 50 day simple moving average is $118.30 and its two-hundred day simple moving average is $112.78. The firm has a market capitalization of $73.85 billion, a price-to-earnings ratio of 15.11, a PEG ratio of 3.67 and a beta of 0.44. EOG Resources, Inc. has a 12-month low of $101.59 and a 12-month high of $137.81. The company has a current ratio of 1.63, a quick ratio of 1.42 and a debt-to-equity ratio of 0.27.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Tuesday, February 24th. The energy exploration company reported $2.27 EPS for the quarter, topping the consensus estimate of $2.20 by $0.07. The business had revenue of $5.64 billion during the quarter, compared to the consensus estimate of $5.36 billion. EOG Resources had a net margin of 22.00% and a return on equity of 18.67%. The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.74 earnings per share. Analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Thursday, April 16th. This represents a $4.08 dividend on an annualized basis and a yield of 3.0%. EOG Resources’s payout ratio is currently 44.79%.

Insider Transactions at EOG Resources

In other EOG Resources news, CFO Ann D. Janssen sold 2,597 shares of the business’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $134.31, for a total transaction of $348,803.07. Following the sale, the chief financial officer owned 100,246 shares in the company, valued at approximately $13,464,040.26. The trade was a 2.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jeffrey R. Leitzell sold 2,000 shares of the stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $130.00, for a total value of $260,000.00. Following the completion of the transaction, the chief operating officer directly owned 88,045 shares in the company, valued at $11,445,850. This represents a 2.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 10,371 shares of company stock valued at $1,294,698. 0.13% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on EOG. Barclays increased their target price on shares of EOG Resources from $133.00 to $140.00 and gave the company an “equal weight” rating in a research report on Monday. KeyCorp downgraded EOG Resources from an “overweight” rating to a “sector weight” rating in a research report on Friday, January 16th. Susquehanna decreased their price objective on EOG Resources from $151.00 to $144.00 and set a “positive” rating for the company in a report on Thursday, February 26th. UBS Group raised their price objective on EOG Resources from $141.00 to $149.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Finally, Wells Fargo & Company boosted their target price on EOG Resources from $127.00 to $155.00 and gave the stock an “overweight” rating in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seventeen have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $138.23.

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.