Plato Investment Management Ltd Has $4.13 Million Holdings in EOG Resources, Inc. $EOG

Plato Investment Management Ltd lessened its stake in EOG Resources, Inc. (NYSE:EOGFree Report) by 10.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,156 shares of the energy exploration company’s stock after selling 4,592 shares during the quarter. Plato Investment Management Ltd’s holdings in EOG Resources were worth $4,132,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Midwest Trust Co boosted its holdings in EOG Resources by 10.3% during the fourth quarter. Midwest Trust Co now owns 2,947 shares of the energy exploration company’s stock worth $309,000 after purchasing an additional 275 shares during the last quarter. Oxbow Advisors LLC boosted its holdings in EOG Resources by 1.0% during the fourth quarter. Oxbow Advisors LLC now owns 47,902 shares of the energy exploration company’s stock worth $5,030,000 after purchasing an additional 467 shares during the last quarter. NewEdge Wealth LLC boosted its holdings in EOG Resources by 1.9% during the fourth quarter. NewEdge Wealth LLC now owns 363,316 shares of the energy exploration company’s stock worth $38,152,000 after purchasing an additional 6,666 shares during the last quarter. Denali Advisors LLC boosted its holdings in EOG Resources by 29.3% during the fourth quarter. Denali Advisors LLC now owns 7,500 shares of the energy exploration company’s stock worth $788,000 after purchasing an additional 1,700 shares during the last quarter. Finally, Crossmark Global Holdings Inc. boosted its holdings in EOG Resources by 11.7% during the fourth quarter. Crossmark Global Holdings Inc. now owns 20,707 shares of the energy exploration company’s stock worth $2,174,000 after purchasing an additional 2,176 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on EOG. Wolfe Research increased their target price on shares of EOG Resources from $152.00 to $154.00 and gave the stock an “outperform” rating in a report on Monday, April 6th. DA Davidson increased their target price on shares of EOG Resources from $148.00 to $153.00 and gave the stock a “buy” rating in a report on Thursday. JPMorgan Chase & Co. increased their target price on shares of EOG Resources from $145.00 to $148.00 in a report on Thursday. Zacks Research upgraded shares of EOG Resources from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 28th. Finally, Truist Financial increased their target price on shares of EOG Resources from $146.00 to $149.00 and gave the stock a “hold” rating in a report on Friday. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seventeen have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $154.59.

Read Our Latest Report on EOG Resources

Key Headlines Impacting EOG Resources

Here are the key news stories impacting EOG Resources this week:

Insider Activity

In other news, CFO Ann D. Janssen sold 4,161 shares of the stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $140.04, for a total value of $582,706.44. Following the transaction, the chief financial officer directly owned 100,246 shares of the company’s stock, valued at $14,038,449.84. This represents a 3.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Jeffrey R. Leitzell sold 5,698 shares of the stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total transaction of $856,523.36. Following the completion of the transaction, the chief operating officer directly owned 88,045 shares in the company, valued at $13,234,924.40. The trade was a 6.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 18,230 shares of company stock worth $2,522,568 over the last three months. Insiders own 0.14% of the company’s stock.

EOG Resources Stock Performance

NYSE EOG opened at $129.92 on Friday. The company has a current ratio of 1.72, a quick ratio of 1.42 and a debt-to-equity ratio of 0.26. The firm’s fifty day moving average price is $135.67 and its two-hundred day moving average price is $118.32. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year high of $151.87. The firm has a market capitalization of $69.20 billion, a P/E ratio of 12.79, a price-to-earnings-growth ratio of 1.61 and a beta of 0.27.

EOG Resources (NYSE:EOGGet Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share for the quarter, beating the consensus estimate of $3.23 by $0.18. The company had revenue of $6.92 billion for the quarter, compared to analyst estimates of $6.18 billion. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The company’s revenue was up 22.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.87 earnings per share. As a group, research analysts anticipate that EOG Resources, Inc. will post 14.81 EPS for the current year.

EOG Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be given a $1.02 dividend. The ex-dividend date of this dividend is Friday, July 17th. This represents a $4.08 annualized dividend and a dividend yield of 3.1%. EOG Resources’s dividend payout ratio is presently 40.16%.

EOG Resources Company Profile

(Free Report)

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand?alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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