Aigen Investment Management LP Acquires 19,439 Shares of EOG Resources, Inc. (NYSE:EOG)

Aigen Investment Management LP boosted its holdings in EOG Resources, Inc. (NYSE:EOG) by 974.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,434 shares of the energy exploration company’s stock after purchasing an additional 19,439 shares during the period. Aigen Investment Management LP’s holdings in EOG Resources were worth $2,627,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Insight Inv LLC raised its stake in shares of EOG Resources by 0.8% during the third quarter. Insight Inv LLC now owns 9,385 shares of the energy exploration company’s stock valued at $1,154,000 after acquiring an additional 75 shares during the last quarter. Essex Financial Services Inc. increased its holdings in EOG Resources by 1.3% in the fourth quarter. Essex Financial Services Inc. now owns 6,145 shares of the energy exploration company’s stock valued at $753,000 after purchasing an additional 79 shares during the period. Valmark Advisers Inc. raised its position in EOG Resources by 2.6% during the 4th quarter. Valmark Advisers Inc. now owns 3,140 shares of the energy exploration company’s stock worth $385,000 after purchasing an additional 79 shares during the last quarter. Deseret Mutual Benefit Administrators lifted its holdings in EOG Resources by 8.8% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 989 shares of the energy exploration company’s stock worth $121,000 after buying an additional 80 shares during the period. Finally, Advisor OS LLC grew its position in shares of EOG Resources by 3.1% in the 4th quarter. Advisor OS LLC now owns 2,751 shares of the energy exploration company’s stock valued at $337,000 after buying an additional 82 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s stock in a transaction that occurred on 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. This trade represents a 8.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on EOG shares. Barclays cut their price objective on EOG Resources from $148.00 to $146.00 and set an “equal weight” rating on the stock in a research note on Friday, February 28th. Raymond James lifted their price target on shares of EOG Resources from $167.00 to $175.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 23rd. UBS Group dropped their price objective on shares of EOG Resources from $165.00 to $160.00 and set a “buy” rating on the stock in a report on Tuesday. Wells Fargo & Company upgraded EOG Resources from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $147.00 to $150.00 in a research note on Tuesday, December 17th. Finally, Morgan Stanley dropped their price target on EOG Resources from $143.00 to $142.00 and set an “equal weight” rating on the stock in a research note on Monday. Twelve analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $146.10.

EOG Resources Stock Up 1.4 %

Shares of NYSE EOG opened at $122.21 on Wednesday. The business’s fifty day moving average price is $129.34 and its 200-day moving average price is $127.80. EOG Resources, Inc. has a one year low of $115.40 and a one year high of $139.67. The stock has a market capitalization of $68.74 billion, a PE ratio of 9.84, a P/E/G ratio of 3.58 and a beta of 1.27. 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 (NYSE:EOG) last posted its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 EPS for the quarter, topping analysts’ consensus estimates of $2.55 by $0.19. The firm had revenue of $5.59 billion during the quarter, compared to analyst estimates of $5.96 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. On average, equities research analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources announced that its Board of Directors has initiated a share repurchase program on Thursday, November 7th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the energy exploration company to buy up to 7% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be issued a dividend of $0.975 per share. This represents a $3.90 annualized dividend and a dividend yield of 3.19%. The ex-dividend date of this dividend is Wednesday, April 16th. EOG Resources’s payout ratio is 34.73%.

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.