EOG Resources, Inc. $EOG Shares Bought by AlphaQuest LLC

AlphaQuest LLC raised its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 1,413.5% during the 3rd quarter, Holdings Channel reports. The fund owned 25,533 shares of the energy exploration company’s stock after purchasing an additional 23,846 shares during the period. AlphaQuest LLC’s holdings in EOG Resources were worth $2,863,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd boosted its position in shares of EOG Resources by 10,950.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company’s stock valued at $26,000 after purchasing an additional 219 shares in the last quarter. JCIC Asset Management Inc. bought a new stake in EOG Resources during the third quarter worth approximately $32,000. Twin Peaks Wealth Advisors LLC bought a new stake in EOG Resources during the second quarter worth approximately $35,000. Keener Financial Planning LLC acquired a new position in EOG Resources in the second quarter worth approximately $35,000. Finally, Salomon & Ludwin LLC increased its holdings in shares of EOG Resources by 122.8% in the third 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. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 2,000 shares of EOG Resources stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $105.68, for a total value of $211,360.00. Following the transaction, the chief operating officer owned 54,979 shares of the company’s stock, valued at approximately $5,810,180.72. The trade was a 3.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on EOG. Morgan Stanley set a $128.00 price target on EOG Resources and gave the stock an “equal weight” rating in a research note on Friday, January 23rd. Wells Fargo & Company restated an “overweight” rating and set a $127.00 price target (up previously from $126.00) on shares of EOG Resources in a report on Tuesday. Royal Bank Of Canada set a $138.00 price target on shares of EOG Resources and gave the company an “outperform” rating in a research report on Tuesday, January 13th. Susquehanna cut their target price on shares of EOG Resources from $161.00 to $151.00 and set a “positive” rating on the stock in a research note on Monday, January 26th. Finally, The Goldman Sachs Group decreased their target price on EOG Resources from $125.00 to $123.00 and set a “neutral” rating for the company in a research report on Thursday, January 22nd. One equities 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 company. According to MarketBeat, EOG Resources has a consensus rating of “Hold” and an average target price of $134.07.

EOG Resources Trading Up 0.0%

Shares of EOG opened at $112.13 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. The stock has a market cap of $60.84 billion, a PE ratio of 11.17, a PEG ratio of 9.68 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 stock has a 50 day simple moving average of $106.92 and a 200-day simple moving average of $111.80.

EOG Resources (NYSE:EOG) last announced its earnings results on Thursday, November 6th. The energy exploration company reported $2.71 EPS for the quarter, topping the consensus estimate of $2.42 by $0.29. The business had revenue of $5.85 billion for the quarter, compared to the consensus estimate of $5.48 billion. EOG Resources had a return on equity of 19.80% and a net margin of 24.49%.EOG Resources’s revenue was down 2.0% compared to the same quarter last year. During the same period in the previous year, the business earned $2.89 EPS. On average, sell-side analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Friday, January 16th were given a $1.02 dividend. The ex-dividend date was Friday, January 16th. This represents a $4.08 annualized dividend and a dividend yield of 3.6%. EOG Resources’s payout ratio is currently 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.