iA Global Asset Management Inc. Acquires 1,314 Shares of EOG Resources, Inc. (NYSE:EOG)

iA Global Asset Management Inc. boosted its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 3.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 38,512 shares of the energy exploration company’s stock after purchasing an additional 1,314 shares during the period. iA Global Asset Management Inc.’s holdings in EOG Resources were worth $4,721,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Financial Life Planners bought a new position in shares of EOG Resources in the fourth quarter worth about $25,000. Y.D. More Investments Ltd increased its holdings in EOG Resources by 149.4% in the 4th quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock worth $25,000 after acquiring an additional 121 shares in the last quarter. Mainstream Capital Management LLC purchased a new position in EOG Resources during the fourth quarter valued at approximately $25,000. Decker Retirement Planning Inc. bought a new position in shares of EOG Resources in the fourth quarter worth approximately $27,000. Finally, Keystone Financial Group Inc. purchased a new stake in shares of EOG Resources in the fourth quarter worth $27,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction dated 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 directly owns 42,703 shares in the company, valued at $5,162,365.67. This represents a 8.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on EOG. UBS Group lowered 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. Barclays dropped their price objective on EOG Resources from $146.00 to $144.00 and set an “equal weight” rating for the company in a research note on Tuesday. Williams Trading set a $154.00 target price on EOG Resources in a research note on Wednesday, March 5th. Piper Sandler dropped their price target on EOG Resources from $141.00 to $135.00 and set a “neutral” rating for the company in a research note on Thursday, March 6th. Finally, Mizuho reduced their price objective on shares of EOG Resources from $156.00 to $148.00 and set an “outperform” rating on the stock in a research report on Monday, December 16th. Twelve investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, EOG Resources presently has an average rating of “Moderate Buy” and a consensus price target of $145.33.

EOG Resources Stock Performance

NYSE:EOG opened at $124.32 on Friday. The firm has a market capitalization of $68.86 billion, a PE ratio of 10.01, a PEG ratio of 3.58 and a beta of 1.25. The stock’s fifty day moving average is $129.24 and its 200 day moving average is $127.47. EOG Resources, Inc. has a fifty-two week low of $115.78 and a fifty-two week high of $139.67. 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 issued its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 EPS for the quarter, beating the consensus estimate 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 net margin of 29.18% and a return on equity of 23.77%. On average, sell-side analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Dividend Announcement

The business also recently declared 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. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date is Wednesday, April 16th. EOG Resources’s payout ratio is presently 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.