Stevens Capital Management LP Invests $895,000 in EOG Resources, Inc. (NYSE:EOG)

Stevens Capital Management LP acquired a new position in shares of EOG Resources, Inc. (NYSE:EOG) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 7,298 shares of the energy exploration company’s stock, valued at approximately $895,000.

Several other large investors have also modified their holdings of EOG. LPL Financial LLC lifted its holdings in shares of EOG Resources by 12.5% in the fourth quarter. LPL Financial LLC now owns 464,681 shares of the energy exploration company’s stock valued at $56,961,000 after purchasing an additional 51,487 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of EOG Resources in the fourth quarter valued at $32,325,000. Sei Investments Co. lifted its holdings in shares of EOG Resources by 11.8% in the fourth quarter. Sei Investments Co. now owns 340,152 shares of the energy exploration company’s stock valued at $41,697,000 after purchasing an additional 35,823 shares in the last quarter. Mizuho Securities USA LLC lifted its holdings in shares of EOG Resources by 44.6% in the fourth quarter. Mizuho Securities USA LLC now owns 53,308 shares of the energy exploration company’s stock valued at $6,534,000 after purchasing an additional 16,437 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of EOG Resources in the fourth quarter valued at $1,933,000. 89.91% of the stock is owned by institutional investors.

Insider Activity at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total transaction of $483,560.00. Following the transaction, the chief operating officer now directly owns 42,703 shares in the company, valued at $5,162,365.67. The trade was a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.30% of the company’s stock.

EOG Resources Price Performance

NYSE EOG opened at $124.91 on Friday. EOG Resources, Inc. has a twelve month low of $115.78 and a twelve month high of $139.67. 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 capitalization of $69.19 billion, a PE ratio of 10.06, a P/E/G ratio of 3.58 and a beta of 1.25. The stock has a 50-day simple moving average of $129.11 and a 200 day simple moving average of $127.47.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Friday, February 28th. The energy exploration company reported $2.74 earnings per share for the quarter, topping 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 analysts’ expectations of $5.96 billion. Research analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be paid a dividend of $0.975 per share. 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 is 34.73%.

Analysts Set New Price Targets

Several brokerages recently issued reports on EOG. Bank of America reiterated a “neutral” rating and set a $144.00 price objective (down from $151.00) on shares of EOG Resources in a report on Monday, January 13th. Piper Sandler cut their price objective on EOG Resources from $141.00 to $135.00 and set a “neutral” rating for the company in a report on Thursday, March 6th. StockNews.com lowered EOG Resources from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Wells Fargo & Company cut their price objective on EOG Resources from $150.00 to $146.00 and set an “overweight” rating for the company in a report on Thursday, March 13th. Finally, Morgan Stanley cut their price objective on EOG Resources from $143.00 to $142.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. Twelve analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, EOG Resources currently has a consensus rating of “Moderate Buy” and a consensus target price of $145.33.

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.