EOG Resources, Inc. (NYSE:EOG) Shares Bought by Townsquare Capital LLC

Townsquare Capital LLC increased its holdings in EOG Resources, Inc. (NYSE:EOG) by 13.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 21,374 shares of the energy exploration company’s stock after purchasing an additional 2,563 shares during the period. Townsquare Capital LLC’s holdings in EOG Resources were worth $2,620,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Wealthfront Advisers LLC increased its holdings in shares of EOG Resources by 4,642.2% during the 4th quarter. Wealthfront Advisers LLC now owns 2,852,238 shares of the energy exploration company’s stock worth $349,627,000 after buying an additional 2,792,092 shares during the last quarter. Franklin Resources Inc. increased its stake in EOG Resources by 64.7% during the third quarter. Franklin Resources Inc. now owns 5,284,228 shares of the energy exploration company’s stock worth $694,717,000 after acquiring an additional 2,076,134 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of EOG Resources in the 4th quarter worth about $171,193,000. Charles Schwab Investment Management Inc. lifted its stake in shares of 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 purchasing an additional 781,282 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of EOG Resources by 486.6% during the 4th quarter. Renaissance Technologies LLC now owns 726,200 shares of the energy exploration company’s stock worth $89,018,000 after purchasing an additional 602,400 shares during the period. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on EOG. Truist Financial increased their price objective on shares of EOG Resources from $135.00 to $137.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Wells Fargo & Company cut their price objective on EOG Resources from $150.00 to $146.00 and set an “overweight” rating on the stock in a research report on Thursday, March 13th. Williams Trading set a $154.00 target price on EOG Resources in a research note on Wednesday, March 5th. JPMorgan Chase & Co. reduced 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. Finally, Citigroup lowered their price objective on shares of EOG Resources from $134.00 to $125.00 and set a “neutral” rating for the company in a research report on Monday, March 17th. Twelve 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’s stock. According to MarketBeat.com, EOG Resources presently has a consensus rating of “Moderate Buy” and an average price target of $144.19.

Insider Activity at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total transaction of $515,767.12. Following the sale, the chief operating officer now owns 47,732 shares in the company, valued at $6,098,240.32. This trade represents a 7.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.30% of the stock is owned by corporate insiders.

EOG Resources Stock Down 0.2 %

EOG Resources stock opened at $107.47 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The stock has a market cap of $59.28 billion, a PE ratio of 8.65, a price-to-earnings-growth ratio of 3.58 and a beta of 0.93. EOG Resources, Inc. has a fifty-two week low of $102.52 and a fifty-two week high of $138.18. The firm’s 50-day simple moving average is $123.50 and its 200 day simple moving average is $126.78.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data 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 return on equity of 23.77% and a net margin of 29.18%. The business had revenue of $5.59 billion during the quarter, compared to analyst estimates of $5.96 billion. Research analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The firm 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 $0.975 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.63%. EOG Resources’s dividend payout ratio (DPR) 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.