EOG Resources, Inc. $EOG Shares Sold by Profund Advisors LLC

Profund Advisors LLC cut its stake in EOG Resources, Inc. (NYSE:EOG – Free Report) by 17.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,762 shares of the energy exploration company’s stock after selling 4,471 shares during the period. Profund Advisors LLC’s holdings in EOG Resources were worth $2,998,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in EOG. BlackRock Inc. acquired a new position in shares of EOG Resources during the second quarter valued at $5,905,587,000. Bank of New York Mellon Corp bought a new position in shares of EOG Resources during the second quarter worth about $654,899,000. Bank of America Corp DE bought a new position in shares of EOG Resources during the second quarter worth about $551,321,000. Deutsche Bank AG acquired a new stake in shares of EOG Resources in the 2nd quarter worth about $251,102,000. Finally, Robeco Institutional Asset Management B.V. increased its holdings in shares of EOG Resources by 357.8% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,971,842 shares of the energy exploration company’s stock worth $271,641,000 after acquiring an additional 1,541,140 shares during the period. 89.91% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other EOG Resources news, COO Jeffrey Leitzell sold 9,039 shares of the company’s stock in a transaction that occurred on Friday, September 25th. The stock was sold at an average price of $140.61, for a total value of $1,270,973.79. Following the completion of the sale, the chief operating officer directly owned 90,790 shares in the company, valued at $12,765,981.90. This represents a 9.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ezra Yacob sold 35,942 shares of the stock in a transaction on Monday, August 24th. The shares were 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 52,317 shares of company stock valued at $7,823,480 over the last quarter. Corporate insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on EOG shares. Truist Financial upped their target price on shares of EOG Resources from $153.00 to $160.00 and gave the stock a “hold” rating in a research report on Friday, October 2nd. Scotiabank started coverage on EOG Resources in a report on Wednesday, October 14th. They set a “sector perform” rating and a $144.00 price target on the stock. Capital One Financial cut EOG Resources from an “overweight” rating to an “equal weight” rating and set a $153.00 price target on the stock. in a report on Wednesday, August 26th. Stifel Nicolaus assumed coverage on EOG Resources in a research report on Thursday, September 10th. They set a “hold” rating and a $158.00 price objective for the company. Finally, Wall Street Zen raised EOG Resources from a “hold” rating to a “buy” rating in a report on Saturday, September 26th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seventeen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, EOG Resources currently has an average rating of “Hold” and an average price target of $161.24.

View Our Latest Research Report on EOG

EOG Resources Price Performance

Shares of NYSE EOG opened at $165.58 on Monday. EOG Resources, Inc. has a fifty-two week low of $101.59 and a fifty-two week high of $165.93. The firm’s 50-day simple moving average is $149.06 and its 200 day simple moving average is $136.76. 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 stock has a market cap of $86.85 billion, a P/E ratio of 12.89, a P/E/G ratio of 0.58 and a beta of 0.36.

EOG Resources (NYSE:EOG – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 EPS for the quarter, topping analysts’ consensus estimates of $4.97 by $0.10. The company had revenue of $8.62 billion for the quarter, compared to the consensus estimate of $8.04 billion. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. EOG Resources’s revenue was up 57.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.32 EPS. Equities analysts expect that EOG Resources, Inc. will post 17.70 EPS for the current year.

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 30th. Investors of record on Friday, October 16th were issued a dividend of $1.02 per share. The ex-dividend date of this dividend was Friday, October 16th. This represents a $4.08 annualized dividend and a yield of 2.5%. EOG Resources’s payout ratio is presently 31.75%.

About EOG Resources

(Free Report)

EOG Resources, Inc is an independent exploration and production company engaged in finding, developing, producing and marketing crude oil, natural gas liquids and natural gas. Its operations focus on large, high-quality onshore and international assets, supported by technical expertise in horizontal drilling and hydraulic fracturing.

The company’s principal U.S. activities are concentrated in major shale and onshore plays, including the Delaware Basin, Eagle Ford and other producing regions in Texas and the Rocky Mountains.

Further Reading

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

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