Sava Infond d.o.o. Buys New Shares in EOG Resources, Inc. (NYSE:EOG)

Sava Infond d.o.o. purchased a new position in shares of EOG Resources, Inc. (NYSE:EOG) during the 4th quarter, HoldingsChannel reports. The firm purchased 16,820 shares of the energy exploration company’s stock, valued at approximately $2,062,000.

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

EOG Resources Stock Performance

Shares of EOG stock opened at $129.12 on Thursday. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a 12-month low of $115.78 and a 12-month high of $139.67. The company has a market cap of $71.52 billion, a price-to-earnings ratio of 10.40, a price-to-earnings-growth ratio of 3.58 and a beta of 1.25. The stock has a 50 day simple moving average of $128.65 and a 200-day simple moving average of $127.61.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Friday, February 28th. The energy exploration company reported $2.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.55 by $0.19. The firm had revenue of $5.59 billion during the quarter, compared to analysts’ expectations of $5.96 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. On average, equities analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be given a dividend of $0.975 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $3.90 annualized dividend and a yield of 3.02%. EOG Resources’s payout ratio is currently 34.73%.

Analyst Ratings Changes

EOG has been the topic of several recent analyst reports. UBS Group dropped their target price on EOG Resources from $165.00 to $160.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. Morgan Stanley dropped their price objective on EOG Resources from $143.00 to $142.00 and set an “equal weight” rating on the stock in a report on Monday, March 3rd. StockNews.com cut EOG Resources from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Piper Sandler dropped their price target on shares of EOG Resources from $141.00 to $135.00 and set a “neutral” rating on the stock in a research note on Thursday, March 6th. Finally, Royal Bank of Canada upgraded shares of EOG Resources from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $150.00 to $155.00 in a research report on Wednesday, February 12th. Thirteen research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, EOG Resources currently has a consensus rating of “Hold” and an average target price of $144.95.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total transaction of $483,560.00. Following the sale, the chief operating officer now owns 42,703 shares of the company’s stock, valued at $5,162,365.67. The trade was a 8.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.30% of the stock is currently owned by corporate insiders.

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.