May Hill Capital LLC Purchases Shares of 1,779 EOG Resources, Inc. (NYSE:EOG)

May Hill Capital LLC acquired a new position in shares of EOG Resources, Inc. (NYSE:EOG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,779 shares of the energy exploration company’s stock, valued at approximately $218,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Geode Capital Management LLC grew its holdings in EOG Resources by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 12,549,802 shares of the energy exploration company’s stock valued at $1,541,282,000 after buying an additional 234,067 shares during the period. Diametric Capital LP purchased a new stake in EOG Resources in the fourth quarter valued at approximately $909,000. HighPoint Advisor Group LLC increased its position in EOG Resources by 10.3% during the fourth quarter. HighPoint Advisor Group LLC now owns 7,254 shares of the energy exploration company’s stock worth $960,000 after purchasing an additional 678 shares during the last quarter. Summit Financial LLC raised its stake in EOG Resources by 15.6% during the fourth quarter. Summit Financial LLC now owns 16,689 shares of the energy exploration company’s stock worth $2,046,000 after purchasing an additional 2,251 shares during the period. Finally, Alliancebernstein L.P. boosted its holdings in shares of EOG Resources by 6.9% in the 4th quarter. Alliancebernstein L.P. now owns 5,686,003 shares of the energy exploration company’s stock valued at $696,990,000 after purchasing an additional 365,115 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Performance

Shares of EOG stock opened at $129.26 on Wednesday. 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 $71.60 billion, a price-to-earnings ratio of 10.41, a PEG ratio of 3.58 and a beta of 1.25. EOG Resources, Inc. has a one year low of $115.78 and a one year high of $139.67. The company’s 50-day simple moving average is $127.93 and its 200-day simple moving average is $127.92.

EOG Resources (NYSE:EOG) last issued its earnings results on Friday, February 28th. The energy exploration company reported $2.74 EPS for the quarter, topping the consensus estimate of $2.55 by $0.19. The company 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%. Equities analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

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 given a $0.975 dividend. The ex-dividend date is Wednesday, April 16th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.02%. EOG Resources’s payout ratio is currently 34.73%.

Analysts Set New Price Targets

EOG has been the topic of several research reports. Raymond James increased their target price on EOG Resources from $167.00 to $175.00 and gave the stock a “strong-buy” rating in a research report on Thursday, January 23rd. Morgan Stanley reduced their price objective on EOG Resources from $142.00 to $136.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 27th. Bank of America reissued a “neutral” rating and set a $144.00 target price (down previously from $151.00) on shares of EOG Resources in a research report on Monday, January 13th. Barclays reduced their price target on shares of EOG Resources from $146.00 to $144.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 18th. Finally, UBS Group cut their target price on shares of EOG Resources from $165.00 to $160.00 and set a “buy” rating on the stock in a research note on Tuesday, March 4th. Thirteen research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $144.67.

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.