Bedell Frazier Investment Counselling LLC Acquires New Shares in EOG Resources, Inc. (NYSE:EOG)

Bedell Frazier Investment Counselling LLC bought a new position in EOG Resources, Inc. (NYSE:EOG) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 21,008 shares of the energy exploration company’s stock, valued at approximately $2,575,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Financial Life Planners bought a new stake in EOG Resources in the 4th quarter valued at 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 buying an additional 121 shares during the last quarter. Mainstream Capital Management LLC acquired a new position in shares of EOG Resources during the fourth quarter worth approximately $25,000. Decker Retirement Planning Inc. bought a new position in EOG Resources in the 4th quarter worth approximately $27,000. Finally, Keystone Financial Group Inc. acquired a new stake in EOG Resources in the 4th quarter valued at approximately $27,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Benchmark reissued a “hold” rating on shares of EOG Resources in a research note on Monday, January 13th. UBS Group decreased their target price on shares of EOG Resources from $165.00 to $160.00 and set a “buy” rating for the company in a research report on Tuesday, March 4th. Citigroup dropped their price target on shares of EOG Resources from $134.00 to $125.00 and set a “neutral” rating on the stock in a research report on Monday, March 17th. Piper Sandler decreased their price objective on shares of EOG Resources from $141.00 to $135.00 and set a “neutral” rating for the company in a report on Thursday, March 6th. Finally, Bank of America reissued a “neutral” rating and set a $144.00 target price (down previously from $151.00) on shares of EOG Resources in a report on Monday, January 13th. Thirteen equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $144.67.

Insider Transactions at EOG Resources

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

EOG Resources Price Performance

Shares of NYSE:EOG opened at $126.55 on Monday. The company’s fifty day moving average is $128.23 and its two-hundred day moving average is $127.78. The company has a market cap of $70.10 billion, a P/E ratio of 10.19, a price-to-earnings-growth ratio of 3.58 and a beta of 1.25. EOG Resources, Inc. has a 12-month low of $115.78 and a 12-month high of $139.67. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13.

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

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be given a dividend of $0.975 per share. This represents a $3.90 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date is Wednesday, April 16th. EOG Resources’s payout ratio is presently 34.73%.

About EOG Resources

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.