4,526 Shares in EOG Resources, Inc. $EOG Bought by WINTON GROUP Ltd

WINTON GROUP Ltd bought a new position in shares of EOG Resources, Inc. (NYSE:EOGFree Report) in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 4,526 shares of the energy exploration company’s stock, valued at approximately $587,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of EOG. Engineers Gate Manager LP acquired a new stake in shares of EOG Resources in the 2nd quarter valued at about $1,300,000. Cidel Asset Management Inc. boosted its position in shares of EOG Resources by 3.6% during the second quarter. Cidel Asset Management Inc. now owns 8,089 shares of the energy exploration company’s stock worth $1,049,000 after buying an additional 282 shares during the period. Capital Analysts LLC grew its holdings in shares of EOG Resources by 0.9% during the second quarter. Capital Analysts LLC now owns 104,396 shares of the energy exploration company’s stock worth $13,543,000 after buying an additional 892 shares in the last quarter. Integrated Wealth Concepts LLC grew its holdings in shares of EOG Resources by 47.8% during the second quarter. Integrated Wealth Concepts LLC now owns 19,729 shares of the energy exploration company’s stock worth $2,559,000 after buying an additional 6,378 shares in the last quarter. Finally, Community Bank N.A. raised its position in EOG Resources by 1.0% in the 2nd quarter. Community Bank N.A. now owns 17,463 shares of the energy exploration company’s stock valued at $2,265,000 after buying an additional 176 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Michael P. Donaldson sold 7,336 shares of EOG Resources stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $148.00, for a total value of $1,085,728.00. Following the completion of the transaction, the executive vice president owned 100,558 shares of the company’s stock, valued at $14,882,584. This trade represents a 6.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Ezra Y. Yacob sold 35,942 shares of EOG Resources stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $152.10, for a total transaction of $5,466,778.20. Following the completion of the transaction, the chief executive officer directly owned 242,451 shares of the company’s stock, valued at approximately $36,876,797.10. This trade represents a 12.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.14% of the stock is currently owned by insiders.

EOG Resources Stock Up 3.6%

EOG stock opened at $153.87 on Wednesday. The company has a quick ratio of 1.68, a current ratio of 1.85 and a debt-to-equity ratio of 0.25. The business has a 50 day moving average price of $143.86 and a two-hundred day moving average price of $138.60. The company has a market cap of $80.71 billion, a price-to-earnings ratio of 11.97, a P/E/G ratio of 0.55 and a beta of 0.26. EOG Resources, Inc. has a twelve month low of $101.59 and a twelve month high of $154.16.

EOG Resources (NYSE:EOGGet Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share for the quarter, topping the consensus estimate of $4.97 by $0.10. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%.The firm had revenue of $8.62 billion for the quarter, compared to analyst estimates of $8.04 billion. During the same quarter in the previous year, the firm earned $2.32 EPS. The business’s quarterly revenue was up 57.4% on a year-over-year basis. Analysts anticipate that EOG Resources, Inc. will post 16.75 EPS for the current fiscal year.

EOG Resources Announces Dividend

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 issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Friday, October 16th. EOG Resources’s payout ratio is presently 31.75%.

Analyst Ratings Changes

Several research firms have commented on EOG. Freedom Capital cut EOG Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 5th. UBS Group reaffirmed a “buy” rating and set a $183.00 price target (up from $158.00) on shares of EOG Resources in a research note on Monday. Mizuho set a $157.00 price objective on shares of EOG Resources and gave the company a “neutral” rating in a report on Wednesday, May 27th. Capital One Financial lowered shares of EOG Resources from an “overweight” rating to an “equal weight” rating and set a $153.00 price objective on the stock. in a research report on Wednesday, August 26th. Finally, Barclays set a $147.00 target price on shares of EOG Resources and gave the company an “equal weight” rating in a research report on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eighteen have assigned a Hold rating to the company. According to data from MarketBeat.com, EOG Resources has an average rating of “Hold” and a consensus target price of $158.00.

Get Our Latest Stock Analysis on EOG Resources

EOG Resources Profile

(Free Report)

EOG Resources, Inc is an independent exploration and production company focused on finding, developing and producing crude oil, natural gas and natural gas liquids. Its operations are concentrated primarily in the United States, with a portfolio of onshore assets in several major producing regions.

The company’s principal U.S. positions include the Delaware Basin and other areas of the Permian Basin, the Eagle Ford and Dorado plays in South Texas, and the Rocky Mountain region. EOG also has international operations in Trinidad and Tobago, where it produces natural gas and supports related energy development.

EOG traces its history to Enron Oil & Gas Company, which was established in 1990.

Further Reading

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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