EOG Resources, Inc. $EOG Shares Newly Bought by Vista Investment Partners LLC

Vista Investment Partners LLC bought a new position in EOG Resources, Inc. (NYSE:EOG – Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 5,910 shares of the energy exploration company’s stock, valued at approximately $814,000.

Several other large investors have also recently made changes to their positions in EOG. BlackRock Inc. purchased a new position in EOG Resources during the 2nd quarter valued at approximately $5,905,587,000. Bank of New York Mellon Corp purchased a new stake in shares of EOG Resources during the 2nd quarter worth approximately $654,899,000. Bank of America Corp DE bought a new position in shares of EOG Resources during the 2nd quarter valued at approximately $551,321,000. Deutsche Bank AG purchased a new position in shares of EOG Resources in the second quarter valued at $251,102,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in EOG Resources in the second quarter worth $168,029,000. 89.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on EOG shares. Seaport Research Partners began coverage on shares of EOG Resources in a research report on Thursday, September 3rd. They set a “neutral” rating for the company. Roth Capital restated a “neutral” rating and set a $138.00 target price on shares of EOG Resources in a research report on Wednesday, August 5th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $151.00 price target (up from $127.00) on shares of EOG Resources in a report on Monday, August 24th. Susquehanna reiterated a “positive” rating and issued a $170.00 price target (up from $166.00) on shares of EOG Resources in a research report on Tuesday, July 21st. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $185.00 price objective on shares of EOG Resources in a research note on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eighteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, EOG Resources has an average rating of “Hold” and a consensus target price of $159.12.

Get Our Latest Stock Analysis on EOG

EOG Resources Trading Up 2.9%

Shares of NYSE EOG traded up $4.13 during mid-day trading on Thursday, reaching $148.34. The company had a trading volume of 1,420,137 shares, compared to its average volume of 4,075,764. The stock has a market cap of $77.81 billion, a price-to-earnings ratio of 11.54, a price-to-earnings-growth ratio of 0.53 and a beta of 0.36. EOG Resources, Inc. has a 52 week low of $101.59 and a 52 week high of $154.16. The business’s 50-day moving average is $144.45 and its 200-day moving average is $139.84. The company has a current ratio of 1.85, a quick ratio of 1.68 and a debt-to-equity ratio of 0.25.

EOG Resources (NYSE:EOG – Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share for the quarter, beating analysts’ consensus estimates of $4.97 by $0.10. The company had revenue of $8.62 billion during the quarter, compared to analyst estimates of $8.04 billion. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The firm’s revenue for the quarter was up 57.4% on a year-over-year basis. During the same quarter last year, the business posted $2.32 EPS. Equities analysts expect that EOG Resources, Inc. will post 17.07 earnings per share for the current year.

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 16th will be paid a dividend of $1.02 per share. 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 payout ratio is currently 31.75%.

Insider Activity at EOG Resources

In other EOG Resources news, CEO Ezra Y. Yacob sold 35,942 shares of EOG Resources stock in a transaction on 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 directly owned 242,451 shares of the company’s stock, valued at $36,876,797.10. The trade was a 12.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Michael P. Donaldson sold 7,336 shares of the company’s stock in a transaction on Friday, September 11th. The stock was sold at an average price of $148.00, for a total value of $1,085,728.00. Following the completion of the sale, the executive vice president owned 100,558 shares of the company’s stock, valued at $14,882,584. This represents a 6.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 52,317 shares of company stock worth $7,823,480. Company insiders own 0.14% of the company’s stock.

EOG Resources Company Profile

(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. The company focuses on large-scale, onshore assets and applies drilling, completion and other technologies to develop unconventional oil and natural gas resources.

EOG’s principal operations are located in the United States, including the Permian Basin in Texas and New Mexico, the Eagle Ford in South Texas and the Rocky Mountain region.

See Also

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

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