Nisa Investment Advisors LLC Has $19.35 Million Stake in EOG Resources, Inc. $EOG

Nisa Investment Advisors LLC raised its position in shares of EOG Resources, Inc. (NYSE:EOG) by 11.1% in the third quarter, Holdings Channel reports. The fund owned 172,617 shares of the energy exploration company’s stock after buying an additional 17,195 shares during the quarter. Nisa Investment Advisors LLC’s holdings in EOG Resources were worth $19,354,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the business. Caitong International Asset Management Co. Ltd increased its position in EOG Resources by 10,950.0% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company’s stock worth $26,000 after buying an additional 219 shares during the period. Raleigh Capital Management Inc. acquired a new stake in EOG Resources during the second quarter worth $29,000. ORG Partners LLC increased its holdings in EOG Resources by 45.1% in the 2nd quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock valued at $34,000 after buying an additional 88 shares during the period. Keener Financial Planning LLC bought a new position in shares of EOG Resources during the 2nd quarter worth about $35,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in shares of EOG Resources during the 2nd quarter valued at about $35,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analysts Set New Price Targets

EOG has been the subject of a number of analyst reports. The Goldman Sachs Group cut their price target on shares of EOG Resources from $130.00 to $125.00 and set a “neutral” rating for the company in a research note on Wednesday, October 15th. Piper Sandler reduced their price objective on EOG Resources from $129.00 to $124.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 18th. Wells Fargo & Company lowered their price target on shares of EOG Resources from $127.00 to $126.00 and set an “overweight” rating for the company in a report on Tuesday, November 11th. Jefferies Financial Group set a $145.00 price objective on EOG Resources in a report on Sunday, October 12th. Finally, Barclays set a $136.00 price target on EOG Resources and gave the stock an “equal weight” rating in a research report on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seventeen have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $138.14.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 2,000 shares of EOG Resources stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $105.68, for a total value of $211,360.00. Following the sale, the chief operating officer directly owned 54,979 shares in the company, valued at approximately $5,810,180.72. The trade was a 3.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.13% of the company’s stock.

EOG Resources Stock Down 0.6%

Shares of EOG Resources stock opened at $104.94 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.62 and a quick ratio of 1.43. The company has a market capitalization of $56.94 billion, a P/E ratio of 10.45, a price-to-earnings-growth ratio of 8.27 and a beta of 0.49. The business has a 50-day moving average of $106.65 and a two-hundred day moving average of $113.23. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year high of $138.18.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.29. The firm had revenue of $5.85 billion for the quarter, compared to analyst estimates of $5.48 billion. EOG Resources had a net margin of 24.49% and a return on equity of 19.80%. The business’s revenue was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.89 earnings per share. As a group, equities analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 16th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, January 16th. This represents a $4.08 dividend on an annualized basis and a yield of 3.9%. EOG Resources’s dividend payout ratio is 40.64%.

EOG Resources 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.