Equitable Holdings Inc. acquired a new stake in shares of EOG Resources, Inc. (NYSE:EOG – Free Report) during the second quarter, Holdings Channel.com reports. The fund acquired 18,086 shares of the energy exploration company’s stock, valued at approximately $2,346,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Acumen Wealth Advisors LLC purchased a new stake in EOG Resources during the 4th quarter worth $25,000. Prosperity Bancshares Inc purchased a new position in EOG Resources in the 4th quarter valued at about $26,000. SJS Investment Consulting Inc. grew its stake in shares of EOG Resources by 225.5% during the first quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock valued at $26,000 after acquiring an additional 124 shares in the last quarter. Nemes Rush Group LLC acquired a new stake in shares of EOG Resources during the fourth quarter valued at about $30,000. Finally, Gen Wealth Partners Inc purchased a new stake in shares of EOG Resources during the fourth quarter worth about $30,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other news, CEO Ezra Y. Yacob sold 35,942 shares of EOG Resources 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 completion of the transaction, the chief executive officer owned 242,451 shares in the company, valued at approximately $36,876,797.10. This trade represents a 12.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.14% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
View Our Latest Stock Report on EOG
EOG Resources Stock Performance
Shares of EOG Resources stock opened at $143.53 on Friday. The firm has a market cap of $75.29 billion, a PE ratio of 11.17, a price-to-earnings-growth ratio of 0.54 and a beta of 0.25. The firm’s 50-day simple moving average is $140.20 and its 200-day simple moving average is $136.19. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.68 and a current ratio of 1.85. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year high of $153.67.
EOG Resources (NYSE:EOG – Get Free Report) last posted 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 business had revenue of $8.62 billion during 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 company’s revenue for the quarter was up 57.4% compared to the same quarter last year. During the same period last year, the firm earned $2.32 earnings per share. Equities analysts forecast that EOG Resources, Inc. will post 16.87 earnings per share for the current fiscal year.
EOG Resources Dividend Announcement
The company also recently announced 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. This represents a $4.08 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Friday, October 16th. EOG Resources’s dividend payout ratio (DPR) is currently 31.75%.
EOG Resources Company Profile
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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