Erste Asset Management GmbH Makes New Investment in EOG Resources, Inc. (NYSE:EOG)

Erste Asset Management GmbH bought a new position in EOG Resources, Inc. (NYSE:EOG) during the fourth quarter, Holdings Channel.com reports. The fund bought 8,220 shares of the energy exploration company’s stock, valued at approximately $990,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in EOG. Wealthfront Advisers LLC increased its holdings in shares of EOG Resources by 4,642.2% in the fourth quarter. Wealthfront Advisers LLC now owns 2,852,238 shares of the energy exploration company’s stock valued at $349,627,000 after buying an additional 2,792,092 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of EOG Resources by 64.7% in the 3rd quarter. Franklin Resources Inc. now owns 5,284,228 shares of the energy exploration company’s stock worth $694,717,000 after acquiring an additional 2,076,134 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of EOG Resources during the fourth quarter worth $171,193,000. Fisher Asset Management LLC raised its position in shares of EOG Resources by 856.7% during the third quarter. Fisher Asset Management LLC now owns 1,200,851 shares of the energy exploration company’s stock worth $147,621,000 after purchasing an additional 1,075,334 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of EOG Resources by 4.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 18,192,314 shares of the energy exploration company’s stock valued at $2,230,014,000 after purchasing an additional 781,282 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on EOG shares. Barclays cut their price objective on EOG Resources from $148.00 to $146.00 and set an “equal weight” rating on the stock in a report on Friday, February 28th. StockNews.com lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Citigroup lowered shares of EOG Resources from a “neutral” rating to a “reduce” rating in a report on Wednesday, March 5th. Piper Sandler cut their target price 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, UBS Group cut their target price on shares of EOG Resources from $165.00 to $160.00 and set a “buy” rating on the stock in a research note on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $145.86.

EOG Resources Trading Up 2.4 %

EOG Resources stock opened at $124.04 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. The company has a market capitalization of $68.71 billion, a price-to-earnings ratio of 9.99, a PEG ratio of 3.58 and a beta of 1.25. EOG Resources, Inc. has a one year low of $115.78 and a one year high of $139.67. The company’s fifty day moving average price is $129.55 and its two-hundred day moving average price is $127.62.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data 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. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The business had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.96 billion. On average, analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be paid a $0.975 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $3.90 dividend on an annualized basis and a yield of 3.14%. EOG Resources’s payout ratio is presently 34.73%.

Insider Activity at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’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 value 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. This trade represents a 8.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.30% of the stock is currently owned by company insiders.

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.