Vinva Investment Management Ltd Purchases 31,569 Shares of EOG Resources, Inc. (NYSE:EOG)

Vinva Investment Management Ltd raised its position in shares of EOG Resources, Inc. (NYSE:EOG) by 61.4% in the fourth quarter, Holdings Channel reports. The firm owned 82,949 shares of the energy exploration company’s stock after acquiring an additional 31,569 shares during the quarter. Vinva Investment Management Ltd’s holdings in EOG Resources were worth $10,002,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of EOG. Thrivent Financial for Lutherans increased its stake in EOG Resources by 3.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 250,850 shares of the energy exploration company’s stock valued at $30,837,000 after purchasing an additional 7,902 shares in the last quarter. Quest Partners LLC bought a new stake in shares of EOG Resources in the third quarter worth approximately $762,000. Pathstone Holdings LLC grew its stake in shares of EOG Resources by 3.7% in the third quarter. Pathstone Holdings LLC now owns 71,816 shares of the energy exploration company’s stock worth $8,828,000 after acquiring an additional 2,583 shares during the period. Caprock Group LLC grew its stake in shares of EOG Resources by 7.7% in the third quarter. Caprock Group LLC now owns 12,112 shares of the energy exploration company’s stock worth $1,489,000 after acquiring an additional 862 shares during the period. Finally, Prospera Financial Services Inc grew its stake in shares of EOG Resources by 62.2% in the third quarter. Prospera Financial Services Inc now owns 11,313 shares of the energy exploration company’s stock worth $1,391,000 after acquiring an additional 4,338 shares during the period. 89.91% of the stock is currently owned by institutional investors.

Insider Transactions at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total value 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. The trade was a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.30% of the company’s stock.

EOG Resources Price Performance

Shares of NYSE:EOG opened at $122.57 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. EOG Resources, Inc. has a 1-year low of $115.78 and a 1-year high of $139.67. The company has a market capitalization of $67.89 billion, a P/E ratio of 9.87, a P/E/G ratio of 3.58 and a beta of 1.25. The firm’s 50 day simple moving average is $129.39 and its two-hundred day simple moving average is $127.51.

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

EOG Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be issued a dividend of $0.975 per share. This represents a $3.90 annualized dividend and a yield of 3.18%. The ex-dividend date is Wednesday, April 16th. EOG Resources’s dividend payout ratio is currently 34.73%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Piper Sandler reduced their price target on shares of EOG Resources from $141.00 to $135.00 and set a “neutral” rating for the company in a research note on Thursday, March 6th. JPMorgan Chase & Co. reduced their price target on shares of EOG Resources from $149.00 to $132.00 and set a “neutral” rating for the company in a research note on Thursday, March 13th. Wolfe Research upgraded shares of EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price target for the company in a research note on Friday, January 3rd. Bank of America reiterated a “neutral” rating and issued a $144.00 price target (down from $151.00) on shares of EOG Resources in a research note on Monday, January 13th. Finally, UBS Group reduced their price target on shares of EOG Resources from $165.00 to $160.00 and set a “buy” rating for the company in a research note on Tuesday, March 4th. Twelve research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $145.33.

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.