Prudential Financial Inc. Grows Position in EOG Resources, Inc. (NYSE:EOG)

Prudential Financial Inc. grew its stake in EOG Resources, Inc. (NYSE:EOG) by 19.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 451,155 shares of the energy exploration company’s stock after buying an additional 72,613 shares during the quarter. Prudential Financial Inc. owned approximately 0.08% of EOG Resources worth $55,303,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in EOG. Financial Life Planners purchased a new stake in EOG Resources in the 4th quarter worth approximately $25,000. Y.D. More Investments Ltd increased its stake in shares of EOG Resources by 149.4% in the fourth quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock worth $25,000 after purchasing an additional 121 shares in the last quarter. Mainstream Capital Management LLC bought a new stake in shares of EOG Resources during the 4th quarter valued at $25,000. Decker Retirement Planning Inc. purchased a new position in shares of EOG Resources during the 4th quarter valued at $27,000. Finally, Keystone Financial Group Inc. bought a new position in EOG Resources in the 4th quarter worth $27,000. Institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Up 2.5 %

NYSE EOG opened at $128.35 on Tuesday. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a 52 week low of $115.78 and a 52 week high of $139.67. The firm has a market capitalization of $71.10 billion, a price-to-earnings ratio of 10.33, a PEG ratio of 3.58 and a beta of 1.25. The company has a fifty day moving average of $128.99 and a two-hundred day moving average of $127.55.

EOG Resources (NYSE:EOG) last released 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. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The firm had revenue of $5.59 billion during the quarter, compared to analysts’ expectations of $5.96 billion. On average, analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be issued a $0.975 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $3.90 annualized dividend and a dividend yield of 3.04%. EOG Resources’s payout ratio is 34.73%.

Analyst Ratings Changes

EOG has been the subject of a number of recent analyst reports. Royal Bank of Canada raised EOG Resources from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $150.00 to $155.00 in a research note on Wednesday, February 12th. Mizuho cut their price objective on shares of EOG Resources from $156.00 to $148.00 and set an “outperform” rating for the company in a report on Monday, December 16th. Piper Sandler lowered their target price on shares of EOG Resources from $141.00 to $135.00 and set a “neutral” rating on the stock in a report on Thursday, March 6th. JPMorgan Chase & Co. cut their target price on shares of EOG Resources from $149.00 to $132.00 and set a “neutral” rating for the company in a research note on Thursday, March 13th. Finally, Morgan Stanley decreased their price target on shares of EOG Resources from $143.00 to $142.00 and set an “equal weight” rating on the stock in a research note on Monday, March 3rd. Twelve analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $145.33.

Insider Buying and Selling

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total value of $483,560.00. Following the sale, the chief operating officer now owns 42,703 shares in the company, valued at $5,162,365.67. This trade represents a 8.56 % 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 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.