Two Sigma Securities LLC boosted its position in EOG Resources, Inc. (NYSE:EOG – Free Report) by 1,366.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 43,800 shares of the energy exploration company’s stock after acquiring an additional 40,814 shares during the period. EOG Resources accounts for approximately 0.5% of Two Sigma Securities LLC’s portfolio, making the stock its 20th largest holding. Two Sigma Securities LLC’s holdings in EOG Resources were worth $5,682,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Acumen Wealth Advisors LLC bought a new position in EOG Resources during the fourth quarter worth about $25,000. SJS Investment Consulting Inc. raised its position in shares of EOG Resources by 225.5% in the first quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock valued at $26,000 after purchasing an additional 124 shares during the period. Prosperity Bancshares Inc purchased a new stake in shares of EOG Resources during the 4th quarter valued at approximately $26,000. Nemes Rush Group LLC bought a new position in EOG Resources in the 4th quarter worth approximately $30,000. Finally, Financial Life Planners bought a new position in EOG Resources in the 1st quarter worth approximately $30,000. 89.91% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
EOG has been the topic of a number of analyst reports. UBS Group lowered their target price on shares of EOG Resources from $168.00 to $158.00 and set a “buy” rating on the stock in a report on Thursday, July 2nd. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $193.00 price target (down from $196.00) on shares of EOG Resources in a report on Thursday, August 13th. DA Davidson lifted their price target on EOG Resources from $148.00 to $153.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Zacks Research lowered EOG Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 27th. Finally, Roth Capital reissued a “neutral” rating and set a $138.00 price objective on shares of EOG Resources in a report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seventeen have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $156.33.
EOG Resources Trading Up 0.1%
EOG Resources stock opened at $143.53 on Monday. 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 fifty-two week low of $101.59 and a fifty-two week high of $153.67. The stock has a market cap of $75.29 billion, a P/E ratio of 11.17, a PEG ratio of 0.53 and a beta of 0.25. The firm’s fifty day moving average price is $140.20 and its 200-day moving average price is $136.35.
EOG Resources (NYSE:EOG – Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share (EPS) for the quarter, beating 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 company had revenue of $8.62 billion during the quarter, compared to analyst estimates of $8.04 billion. During the same quarter last year, the company earned $2.32 earnings per share. The firm’s quarterly revenue was up 57.4% on a year-over-year basis. Equities research analysts forecast that EOG Resources, Inc. will post 16.87 earnings per share for the current fiscal 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 $1.02 dividend. The ex-dividend date of this dividend is Friday, October 16th. This represents a $4.08 annualized dividend and a dividend yield of 2.8%. EOG Resources’s dividend payout ratio (DPR) is presently 31.75%.
Insider Activity
In other news, CEO Ezra Y. Yacob sold 35,942 shares of EOG Resources stock in a transaction dated 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 completion of the sale, 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 SEC, which can be accessed through this link. Company insiders own 0.14% of the company’s stock.
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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