Skopos Labs Inc. Purchases New Position in EOG Resources, Inc. (NYSE:EOG)

Skopos Labs Inc. purchased a new stake in shares of EOG Resources, Inc. (NYSE:EOG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 4,109 shares of the energy exploration company’s stock, valued at approximately $497,000.

A number of other hedge funds also recently bought and sold shares of EOG. Charles Schwab Investment Management Inc. grew its holdings in shares of EOG Resources by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 12,937,070 shares of the energy exploration company’s stock worth $1,639,903,000 after acquiring an additional 145,691 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of EOG Resources by 8.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 11,532,527 shares of the energy exploration company’s stock worth $1,462,966,000 after acquiring an additional 892,951 shares during the period. Morgan Stanley grew its holdings in shares of EOG Resources by 1.5% during the 3rd quarter. Morgan Stanley now owns 7,789,774 shares of the energy exploration company’s stock worth $987,432,000 after acquiring an additional 116,860 shares during the period. Northern Trust Corp grew its holdings in shares of EOG Resources by 3.1% during the 3rd quarter. Northern Trust Corp now owns 6,260,706 shares of the energy exploration company’s stock worth $793,607,000 after acquiring an additional 185,882 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of EOG Resources by 4.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,163,856 shares of the energy exploration company’s stock worth $503,641,000 after acquiring an additional 176,854 shares during the period. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Insider Activity at EOG Resources

In other EOG Resources news, EVP Michael P. Donaldson sold 2,685 shares of the firm’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $130.29, for a total transaction of $349,828.65. Following the transaction, the executive vice president now directly owns 109,040 shares of the company’s stock, valued at approximately $14,206,821.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other EOG Resources news, EVP Michael P. Donaldson sold 2,685 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $130.29, for a total value of $349,828.65. Following the sale, the executive vice president now owns 109,040 shares of the company’s stock, valued at $14,206,821.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ezra Y. Yacob sold 4,729 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $129.31, for a total transaction of $611,506.99. Following the completion of the sale, the chief executive officer now directly owns 150,474 shares in the company, valued at approximately $19,457,792.94. The disclosure for this sale can be found here. Insiders have sold 16,512 shares of company stock valued at $2,144,972 in the last ninety days. Insiders own 0.30% of the company’s stock.

EOG Resources Price Performance

Shares of EOG Resources stock traded down $0.76 during trading hours on Friday, reaching $123.27. The stock had a trading volume of 3,730,896 shares, compared to its average volume of 3,085,245. EOG Resources, Inc. has a twelve month low of $106.32 and a twelve month high of $139.67. The company has a current ratio of 2.32, a quick ratio of 2.05 and a debt-to-equity ratio of 0.13. The stock’s 50 day moving average is $130.72 and its 200 day moving average is $122.47. The firm has a market capitalization of $70.84 billion, a PE ratio of 9.74 and a beta of 1.38.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.70 by $0.12. The business had revenue of $6.12 billion during the quarter, compared to analysts’ expectations of $5.91 billion. EOG Resources had a net margin of 30.33% and a return on equity of 24.83%. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.69 EPS. Equities analysts expect that EOG Resources, Inc. will post 12.19 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date of this dividend is Wednesday, July 17th. EOG Resources’s dividend payout ratio (DPR) is 28.75%.

Analysts Set New Price Targets

A number of research analysts have weighed in on EOG shares. Barclays assumed coverage on EOG Resources in a report on Wednesday, April 10th. They set an “equal weight” rating and a $144.00 target price on the stock. Royal Bank of Canada restated a “sector perform” rating and issued a $145.00 price target on shares of EOG Resources in a research note on Tuesday, April 9th. Morgan Stanley upped their price target on EOG Resources from $132.00 to $133.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Mizuho upped their price target on EOG Resources from $140.00 to $156.00 and gave the stock a “buy” rating in a research note on Monday, May 13th. Finally, Truist Financial downgraded EOG Resources from a “buy” rating to a “hold” rating and cut their price target for the stock from $163.00 to $136.00 in a research note on Thursday, May 16th. Fifteen research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $142.09.

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.