Saudi Central Bank boosted its holdings in EOG Resources, Inc. (NYSE:EOG – Free Report) by 87.2% during the 2nd quarter, Holdings Channel reports. The firm owned 37,500 shares of the energy exploration company’s stock after acquiring an additional 17,472 shares during the period. Saudi Central Bank’s holdings in EOG Resources were worth $4,865,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Summitry LLC grew its holdings in EOG Resources by 1.5% during the first quarter. Summitry LLC now owns 4,832 shares of the energy exploration company’s stock valued at $699,000 after purchasing an additional 73 shares during the period. Twin Capital Management Inc. grew its holdings in EOG Resources by 0.3% during the 1st quarter. Twin Capital Management Inc. now owns 23,980 shares of the energy exploration company’s stock valued at $3,467,000 after buying an additional 79 shares in the last quarter. Sax Wealth Advisors LLC increased its holdings in EOG Resources by 2.8% during the 2nd quarter. Sax Wealth Advisors LLC now owns 2,907 shares of the energy exploration company’s stock worth $377,000 after acquiring an additional 79 shares during the period. Paladin Wealth LLC increased its holdings in shares of EOG Resources by 5.3% in the second quarter. Paladin Wealth LLC now owns 1,593 shares of the energy exploration company’s stock worth $207,000 after purchasing an additional 80 shares during the period. Finally, Hardy Reed LLC raised its holdings in shares of EOG Resources by 3.8% in the 1st quarter. Hardy Reed LLC now owns 2,251 shares of the energy exploration company’s stock valued at $325,000 after acquiring an additional 82 shares in the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In related news, CEO Ezra Yacob sold 35,942 shares of the business’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 value of $5,466,778.20. Following the transaction, the chief executive officer directly owned 242,451 shares of the company’s stock, valued at approximately $36,876,797.10. The trade was a 12.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.14% of the company’s stock.
Wall Street Analysts Forecast Growth
View Our Latest Stock Analysis on EOG
EOG Resources Trading Down 0.1%
Shares of EOG stock opened at $145.11 on Monday. The firm has a fifty day moving average price of $141.49 and a 200-day moving average price of $137.35. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year high of $153.67. 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 company has a market cap of $76.11 billion, a price-to-earnings ratio of 11.29, a PEG ratio of 0.54 and a beta of 0.26.
EOG Resources (NYSE:EOG – Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The energy exploration company reported $5.07 EPS for the quarter, topping the consensus estimate of $4.97 by $0.10. The firm had revenue of $8.62 billion for the quarter, compared to the consensus estimate of $8.04 billion. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%.The business’s revenue for the quarter was up 57.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.32 earnings per share. As a group, equities analysts predict that EOG Resources, Inc. will post 16.89 earnings per share for the current year.
EOG Resources Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, October 16th. This represents a $4.08 dividend on an annualized basis and a yield of 2.8%. EOG Resources’s dividend payout ratio (DPR) is currently 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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