Odyssean LLC acquired a new stake in EOG Resources, Inc. (NYSE:EOG – Free Report) during the second quarter, HoldingsChannel.com reports. The fund acquired 8,840 shares of the energy exploration company’s stock, valued at approximately $1,147,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Sivia Capital Partners LLC purchased a new stake in shares of EOG Resources during the 2nd quarter worth $258,000. Quantbot Technologies LP purchased a new position in EOG Resources in the second quarter valued at $349,000. Gamco Investors INC. ET AL increased its holdings in EOG Resources by 216.1% in the second quarter. Gamco Investors INC. ET AL now owns 6,560 shares of the energy exploration company’s stock valued at $785,000 after buying an additional 4,485 shares during the last quarter. NewEdge Advisors LLC raised its stake in EOG Resources by 2.0% in the second quarter. NewEdge Advisors LLC now owns 22,780 shares of the energy exploration company’s stock valued at $2,725,000 after buying an additional 444 shares in the last quarter. Finally, Sei Investments Co. raised its stake in EOG Resources by 4.4% in the second quarter. Sei Investments Co. now owns 362,446 shares of the energy exploration company’s stock valued at $43,356,000 after buying an additional 15,250 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of analysts have issued reports on the company. Freedom Capital downgraded EOG Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 5th. Susquehanna reiterated a “positive” rating and issued a $170.00 price objective (up from $166.00) on shares of EOG Resources in a report on Tuesday, July 21st. Wall Street Zen lowered EOG Resources from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. UBS Group decreased their target price on EOG Resources from $168.00 to $158.00 and set a “buy” rating for the company in a research note on Thursday, July 2nd. Finally, Stephens lowered their price target on EOG Resources from $170.00 to $167.00 in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seventeen have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $156.00.
Insider Activity
In related news, CEO Ezra Y. Yacob sold 35,942 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $152.10, for a total transaction of $5,466,778.20. Following the transaction, the chief executive officer owned 242,451 shares in the company, valued at $36,876,797.10. This trade represents a 12.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.14% of the stock is currently owned by company insiders.
EOG Resources Price Performance
Shares of EOG opened at $144.95 on Thursday. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $153.67. The stock has a market cap of $76.03 billion, a PE ratio of 11.28, a price-to-earnings-growth ratio of 0.54 and a beta of 0.25. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.85 and a quick ratio of 1.68. The firm has a fifty day moving average price of $139.64 and a 200 day moving average price of $135.92.
EOG Resources (NYSE:EOG – Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.97 by $0.10. The company had revenue of $8.62 billion for the quarter, compared to analyst estimates of $8.04 billion. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%.The business’s quarterly revenue was up 57.4% compared to the same quarter last year. During the same quarter last year, the company posted $2.32 earnings per share. As a group, sell-side analysts anticipate that EOG Resources, Inc. will post 16.87 EPS for the current year.
EOG Resources Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 16th will be given a $1.02 dividend. The ex-dividend date of this dividend is Friday, October 16th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.8%. EOG Resources’s dividend payout ratio is 31.75%.
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.
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