Sound Shore Management Inc. CT Purchases Shares of 512,884 EOG Resources, Inc. (NYSE:EOG)

Sound Shore Management Inc. CT bought a new position in shares of EOG Resources, Inc. (NYSE:EOG) during the fourth quarter, Holdings Channel.com reports. The fund bought 512,884 shares of the energy exploration company’s stock, valued at approximately $62,869,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in EOG. Wealthfront Advisers LLC increased its position in EOG Resources by 4,642.2% in the 4th quarter. Wealthfront Advisers LLC now owns 2,852,238 shares of the energy exploration company’s stock valued at $349,627,000 after acquiring an additional 2,792,092 shares during the period. Franklin Resources Inc. increased its position in 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 valued at $694,717,000 after acquiring an additional 2,076,134 shares during the period. Raymond James Financial Inc. acquired a new position in EOG Resources in the 4th quarter valued at about $171,193,000. Fisher Asset Management LLC increased its position in EOG Resources by 856.7% in the 3rd quarter. Fisher Asset Management LLC now owns 1,200,851 shares of the energy exploration company’s stock valued at $147,621,000 after acquiring an additional 1,075,334 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in EOG Resources by 4.5% in the 4th 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 acquiring an additional 781,282 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Trading Up 0.5 %

Shares of EOG Resources stock opened at $124.91 on Monday. 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 $69.19 billion, a P/E ratio of 10.06, a P/E/G ratio of 3.58 and a beta of 1.25. The business has a 50 day moving average price of $129.11 and a 200 day moving average price of $127.51.

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

EOG Resources Announces Dividend

The firm 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 $0.975 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $3.90 annualized dividend and a yield of 3.12%. EOG Resources’s dividend payout ratio (DPR) is presently 34.73%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on EOG shares. Williams Trading set a $154.00 price target on EOG Resources in a research report on Wednesday, March 5th. JPMorgan Chase & Co. dropped their price target on EOG Resources from $149.00 to $132.00 and set a “neutral” rating on the stock in a research report on Thursday, March 13th. Truist Financial lifted their price objective on EOG Resources from $135.00 to $137.00 and gave the company a “hold” rating in a report on Monday, January 13th. UBS Group lowered their price objective on EOG Resources from $165.00 to $160.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. Finally, Bank of America reaffirmed a “neutral” rating and issued a $144.00 price objective (down previously from $151.00) on shares of EOG Resources in a report on Monday, January 13th. Twelve equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $145.33.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction 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 completion of the transaction, the chief operating officer now directly owns 42,703 shares in the company, valued at approximately $5,162,365.67. The trade was a 8.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.30% of the stock is currently owned by 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.