First Eagle Investment Management LLC Acquires New Position in EOG Resources, Inc. (NYSE:EOG)

First Eagle Investment Management LLC acquired a new stake in EOG Resources, Inc. (NYSE:EOGGet Rating) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 930 shares of the energy exploration company’s stock, valued at approximately $83,000.

Several other hedge funds have also made changes to their positions in EOG. Creative Planning boosted its holdings in shares of EOG Resources by 3.3% in the 3rd quarter. Creative Planning now owns 29,244 shares of the energy exploration company’s stock valued at $2,347,000 after buying an additional 931 shares in the last quarter. Mutual of America Capital Management LLC boosted its holdings in shares of EOG Resources by 16.7% in the 3rd quarter. Mutual of America Capital Management LLC now owns 88,806 shares of the energy exploration company’s stock valued at $7,128,000 after buying an additional 12,681 shares in the last quarter. Venturi Wealth Management LLC boosted its holdings in shares of EOG Resources by 11.6% in the 3rd quarter. Venturi Wealth Management LLC now owns 6,060 shares of the energy exploration company’s stock valued at $486,000 after buying an additional 630 shares in the last quarter. Eagle Asset Management Inc. boosted its holdings in shares of EOG Resources by 62.0% in the 3rd quarter. Eagle Asset Management Inc. now owns 61,840 shares of the energy exploration company’s stock valued at $4,963,000 after buying an additional 23,661 shares in the last quarter. Finally, US Bancorp DE boosted its holdings in shares of EOG Resources by 2.8% in the 3rd quarter. US Bancorp DE now owns 82,339 shares of the energy exploration company’s stock valued at $6,609,000 after buying an additional 2,248 shares in the last quarter. Hedge funds and other institutional investors own 85.87% of the company’s stock.

In related news, EVP Michael P. Donaldson sold 11,327 shares of the stock in a transaction dated Thursday, March 3rd. The shares were sold at an average price of $117.15, for a total value of $1,326,958.05. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Jeffrey R. Leitzell sold 4,662 shares of the stock in a transaction dated Monday, March 21st. The shares were sold at an average price of $121.48, for a total transaction of $566,339.76. The disclosure for this sale can be found here. Insiders sold a total of 19,677 shares of company stock valued at $2,343,086 in the last quarter. Insiders own 0.40% of the company’s stock.

Several research analysts have recently issued reports on the stock. Credit Suisse Group upped their target price on shares of EOG Resources from $110.00 to $122.00 and gave the company an “outperform” rating in a report on Friday, February 25th. Piper Sandler upped their price target on shares of EOG Resources from $140.00 to $152.00 and gave the company an “overweight” rating in a research report on Thursday, April 7th. Raymond James upgraded shares of EOG Resources from an “outperform” rating to a “strong-buy” rating and set a $170.00 price target for the company in a research report on Tuesday, May 10th. Wells Fargo & Company upped their price target on shares of EOG Resources from $113.00 to $142.00 and gave the company an “overweight” rating in a research report on Monday, March 14th. Finally, StockNews.com downgraded shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Monday, May 9th. Eight analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, EOG Resources has an average rating of “Buy” and an average target price of $131.70.

Shares of EOG opened at $126.36 on Tuesday. The company has a 50-day simple moving average of $119.97 and a 200-day simple moving average of $106.58. The company has a quick ratio of 1.26, a current ratio of 1.35 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $74.01 billion, a PE ratio of 16.87, a P/E/G ratio of 0.26 and a beta of 1.68. EOG Resources, Inc. has a 52-week low of $62.81 and a 52-week high of $132.35.

EOG Resources (NYSE:EOGGet Rating) last announced its quarterly earnings results on Thursday, May 5th. The energy exploration company reported $4.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.69 by $0.31. The business had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $5.62 billion. EOG Resources had a net margin of 23.12% and a return on equity of 29.77%. The business’s revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.62 EPS. On average, research analysts anticipate that EOG Resources, Inc. will post 16.36 EPS for the current year.

The business also recently declared a None dividend, which will be paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th will be issued a $1.80 dividend. The ex-dividend date is Tuesday, June 14th. EOG Resources’s dividend payout ratio is presently 40.05%.

About EOG Resources (Get Rating)

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, and natural gas and natural gas liquids. Its principal producing areas are in New Mexico and Texas in the United States; and the Republic of Trinidad and Tobago. As of December 31, 2021, it had total estimated net proved reserves of 3,747 million barrels of oil equivalent, including 1,548 million barrels (MMBbl) of crude oil and condensate reserves; 829 MMBbl of natural gas liquid reserves; and 8,222 billion cubic feet of natural gas reserves.

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

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