Capital Insight Partners LLC Has $526,000 Stock Position in EOG Resources, Inc. (NYSE:EOG)

Capital Insight Partners LLC grew its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 42.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,114 shares of the energy exploration company’s stock after buying an additional 1,218 shares during the quarter. Capital Insight Partners LLC’s holdings in EOG Resources were worth $526,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Capital World Investors grew its holdings in shares of EOG Resources by 59.2% during the fourth quarter. Capital World Investors now owns 25,420,916 shares of the energy exploration company’s stock valued at $3,074,660,000 after buying an additional 9,455,621 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in EOG Resources by 8.4% during the third quarter. Ameriprise Financial Inc. now owns 11,532,527 shares of the energy exploration company’s stock worth $1,462,966,000 after purchasing an additional 892,951 shares during the last quarter. Morgan Stanley boosted its holdings in EOG Resources by 1.5% during the third quarter. Morgan Stanley now owns 7,789,774 shares of the energy exploration company’s stock worth $987,432,000 after purchasing an additional 116,860 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in EOG Resources by 26.3% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,948,119 shares of the energy exploration company’s stock worth $598,475,000 after purchasing an additional 1,029,727 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in EOG Resources by 4.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,163,856 shares of the energy exploration company’s stock worth $503,641,000 after purchasing an additional 176,854 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Stock Performance

EOG Resources stock opened at $125.87 on Friday. The firm’s 50 day simple moving average is $126.28 and its 200 day simple moving average is $122.38. The company has a current ratio of 2.32, a quick ratio of 2.05 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $72.34 billion, a PE ratio of 9.94, a price-to-earnings-growth ratio of 1.73 and a beta of 1.32. EOG Resources, Inc. has a 1-year low of $108.94 and a 1-year high of $139.67.

EOG Resources (NYSE:EOG) last posted its earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.70 by $0.12. The business had revenue of $6.12 billion for the quarter, compared to analyst estimates of $5.91 billion. EOG Resources had a net margin of 30.33% and a return on equity of 24.83%. EOG Resources’s revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.69 EPS. As a group, analysts expect that EOG Resources, Inc. will post 11.99 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Wednesday, July 17th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.89%. EOG Resources’s dividend payout ratio (DPR) is 28.75%.

Insider Activity

In other news, President Lloyd W. Helms, Jr. sold 1,296 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $130.27, for a total value of $168,829.92. Following the completion of the sale, the president now owns 161,109 shares of the company’s stock, valued at approximately $20,987,669.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other EOG Resources news, President Lloyd W. Helms, Jr. sold 1,296 shares of the stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $130.27, for a total transaction of $168,829.92. Following the completion of the sale, the president now owns 161,109 shares of the company’s stock, valued at approximately $20,987,669.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Michael P. Donaldson sold 2,685 shares of the company’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $130.29, for a total transaction of $349,828.65. Following the completion of the transaction, the executive vice president now owns 109,040 shares of the company’s stock, valued at $14,206,821.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,512 shares of company stock valued at $2,144,972. Corporate insiders own 0.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Truist Financial cut shares of EOG Resources from a “buy” rating to a “hold” rating and cut their price target for the stock from $163.00 to $136.00 in a report on Thursday, May 16th. Morgan Stanley lifted their price objective on shares of EOG Resources from $132.00 to $133.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. JPMorgan Chase & Co. lifted their price objective on shares of EOG Resources from $134.00 to $141.00 and gave the stock a “neutral” rating in a research report on Thursday, March 28th. Bank of America reaffirmed a “buy” rating and issued a $151.00 price objective on shares of EOG Resources in a research report on Friday, June 14th. Finally, Susquehanna lifted their price objective on shares of EOG Resources from $147.00 to $155.00 and gave the stock a “positive” rating in a research report on Monday, April 22nd. Thirteen analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $143.19.

EOG Resources 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.