Oakmont Investment Advisors Inc. acquired a new stake in shares of EOG Resources, Inc. (NYSE:EOG – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,100 shares of the energy exploration company’s stock, valued at approximately $791,000.
Other hedge funds also recently made changes to their positions in the company. Acumen Wealth Advisors LLC bought a new stake in EOG Resources in the 4th quarter worth approximately $25,000. SJS Investment Consulting Inc. boosted its position in shares of EOG Resources by 225.5% during the 1st 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 during the last quarter. Prosperity Bancshares Inc purchased a new position in shares of EOG Resources in the fourth quarter valued at $26,000. Nemes Rush Group LLC bought a new stake in shares of EOG Resources in the 4th quarter worth about $30,000. Finally, Financial Life Planners bought a new stake in EOG Resources during the first quarter worth approximately $30,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.
EOG Resources Stock Performance
Shares of EOG Resources stock opened at $145.11 on Friday. The company has a current ratio of 1.85, a quick ratio of 1.68 and a debt-to-equity ratio of 0.25. The stock’s fifty day moving average price is $141.49 and its 200-day moving average price is $137.24. The firm has a market cap of $76.11 billion, a P/E ratio of 11.29, a P/E/G ratio of 0.54 and a beta of 0.26. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $153.67.
EOG Resources Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 16th will be given a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, October 16th. EOG Resources’s dividend payout ratio is presently 31.75%.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on EOG. Zacks Research downgraded shares of EOG Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 27th. Seaport Research Partners began coverage on shares of EOG Resources in a research report on Thursday. They issued a “neutral” rating for the company. Mizuho set a $157.00 target price on shares of EOG Resources and gave the stock a “neutral” rating in a research note on Wednesday, May 27th. Citigroup restated a “neutral” rating and issued a $150.00 target price (up from $141.00) on shares of EOG Resources in a research note on Thursday, August 27th. Finally, Capital One Financial lowered shares of EOG Resources from an “overweight” rating to an “equal weight” rating and set a $153.00 target price on the stock. in a research report on Wednesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seventeen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $157.04.
Check Out Our Latest Stock Report on EOG
Insider Buying and Selling at EOG Resources
In other news, CEO Ezra Yacob sold 35,942 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 242,451 shares in the company, valued at approximately $36,876,797.10. This trade represents a 12.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.14% of the company’s stock.
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.
Featured Articles
- Five stocks we like better than EOG Resources
- Revolution Medicines Got Its Breakthrough—What Moves It Next?
- Retail Earnings Just Exposed a Bigger Divide in the U.S. Consumer Economy
- FB Financial’s Southern Expansion and Buybacks Drive Analyst Optimism
- AST SpaceMobile Stock Soared 12%—This Was the Catalyst
Receive News & Ratings for EOG Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EOG Resources and related companies with MarketBeat.com's FREE daily email newsletter.
