Rakuten Investment Management Inc. Purchases Shares of 94,235 EOG Resources, Inc. $EOG

Rakuten Investment Management Inc. acquired a new position in shares of EOG Resources, Inc. (NYSE:EOG) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 94,235 shares of the energy exploration company’s stock, valued at approximately $10,566,000.

A number of other hedge funds have also made changes to their positions in EOG. Caitong International Asset Management Co. Ltd lifted its stake in EOG Resources by 10,950.0% during the second quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company’s stock worth $26,000 after purchasing an additional 219 shares during the last quarter. Raleigh Capital Management Inc. purchased a new stake in EOG Resources in the second quarter valued at $29,000. JCIC Asset Management Inc. purchased a new stake in EOG Resources in the third quarter valued at approximately $32,000. ORG Partners LLC boosted its stake in EOG Resources by 45.1% during the 2nd quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock worth $34,000 after purchasing an additional 88 shares during the period. Finally, Keener Financial Planning LLC acquired a new stake in shares of EOG Resources during the second quarter worth about $35,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 2,000 shares of the stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $105.68, for a total value of $211,360.00. Following the completion of the sale, the chief operating officer owned 54,979 shares of the company’s stock, valued at $5,810,180.72. This trade represents a 3.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on EOG. Jefferies Financial Group set a $140.00 price target on shares of EOG Resources in a research note on Wednesday, January 14th. Siebert Williams Shank decreased their price objective on shares of EOG Resources from $155.00 to $145.00 and set a “buy” rating on the stock in a report on Monday, October 13th. BMO Capital Markets dropped their target price on shares of EOG Resources from $126.00 to $120.00 and set an “outperform” rating for the company in a report on Monday, January 12th. Piper Sandler reduced their price target on shares of EOG Resources from $129.00 to $124.00 and set a “neutral” rating for the company in a research report on Tuesday, November 18th. Finally, The Goldman Sachs Group lowered their price target on EOG Resources from $130.00 to $125.00 and set a “neutral” rating on the stock in a report on Wednesday, October 15th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and sixteen have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $135.56.

EOG Resources Stock Up 1.7%

Shares of NYSE:EOG opened at $107.97 on Thursday. The stock has a 50-day simple moving average of $106.78 and a 200-day simple moving average of $112.35. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year high of $136.20. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.62. The stock has a market capitalization of $58.59 billion, a P/E ratio of 10.75, a PEG ratio of 8.82 and a beta of 0.49.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Thursday, November 6th. The energy exploration company reported $2.71 EPS for the quarter, beating the consensus estimate of $2.42 by $0.29. The company had revenue of $5.85 billion for the quarter, compared to analyst estimates of $5.48 billion. EOG Resources had a return on equity of 19.80% and a net margin of 24.49%.The firm’s revenue was down 2.0% compared to the same quarter last year. During the same period last year, the company posted $2.89 earnings per share. Equities analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 16th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, January 16th. This represents a $4.08 annualized dividend and a yield of 3.8%. EOG Resources’s payout ratio is 40.64%.

About EOG Resources

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.