9,040 Shares in EOG Resources, Inc. (NYSE:EOG) Purchased by Rahlfs Capital LLC

Rahlfs Capital LLC bought a new stake in shares of EOG Resources, Inc. (NYSE:EOG) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 9,040 shares of the energy exploration company’s stock, valued at approximately $1,108,000. EOG Resources comprises 1.0% of Rahlfs Capital LLC’s investment portfolio, making the stock its 27th biggest position.

Other hedge funds have also recently added to or reduced their stakes in the company. Financial Life Planners purchased a new stake in shares of EOG Resources during the fourth quarter worth about $25,000. Y.D. More Investments Ltd raised its holdings in shares of EOG Resources by 149.4% during the fourth quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock valued at $25,000 after purchasing an additional 121 shares during the last quarter. Mainstream Capital Management LLC purchased a new stake in shares of EOG Resources during the 4th quarter valued at about $25,000. Decker Retirement Planning Inc. purchased a new position in EOG Resources during the fourth quarter valued at $27,000. Finally, Keystone Financial Group Inc. purchased a new position in EOG Resources during the fourth quarter valued at approximately $27,000. Institutional investors own 89.91% of the company’s stock.

Insider Buying and Selling

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief operating officer now directly owns 47,732 shares in the company, valued at $6,098,240.32. This trade represents a 7.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Citigroup dropped their target price on shares of EOG Resources from $134.00 to $125.00 and set a “neutral” rating for the company in a research report on Monday, March 17th. Royal Bank of Canada upgraded shares of EOG Resources from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $150.00 to $155.00 in a report on Wednesday, February 12th. Wolfe Research raised EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective on the stock in a research note on Friday, January 3rd. Barclays dropped their target price on EOG Resources from $146.00 to $144.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 18th. Finally, Mizuho reissued a “neutral” rating and issued a $140.00 price objective (down previously from $148.00) on shares of EOG Resources in a research report on Tuesday, March 25th. Thirteen research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, EOG Resources currently has an average rating of “Hold” and a consensus target price of $144.67.

EOG Resources Stock Down 7.9 %

EOG stock opened at $110.39 on Friday. EOG Resources, Inc. has a one year low of $109.20 and a one year high of $139.67. The firm has a market cap of $60.88 billion, a PE ratio of 8.89, a PEG ratio of 3.58 and a beta of 0.93. The firm’s 50 day moving average price is $127.14 and its 200-day moving average price is $127.80. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31.

EOG Resources (NYSE:EOG) last posted its earnings results on Friday, February 28th. The energy exploration company reported $2.74 EPS for the quarter, beating analysts’ consensus estimates of $2.55 by $0.19. The company had revenue of $5.59 billion for the quarter, compared to the consensus estimate of $5.96 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. On average, equities research analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be issued a $0.975 dividend. The ex-dividend date is Wednesday, April 16th. This represents a $3.90 annualized dividend and a dividend yield of 3.53%. EOG Resources’s dividend payout ratio is currently 34.73%.

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.