United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Makes New $30.50 Million Investment in EOG Resources, Inc. $EOG

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new position in shares of EOG Resources, Inc. (NYSE:EOG) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 290,456 shares of the energy exploration company’s stock, valued at approximately $30,501,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Bollard Group LLC lifted its stake in EOG Resources by 0.8% during the third quarter. Bollard Group LLC now owns 11,747 shares of the energy exploration company’s stock worth $1,317,000 after purchasing an additional 93 shares during the last quarter. Hardy Reed LLC lifted its stake in EOG Resources by 4.5% during the third quarter. Hardy Reed LLC now owns 2,267 shares of the energy exploration company’s stock worth $254,000 after purchasing an additional 97 shares during the last quarter. RKL Wealth Management LLC lifted its stake in EOG Resources by 0.5% during the third quarter. RKL Wealth Management LLC now owns 21,235 shares of the energy exploration company’s stock worth $2,381,000 after purchasing an additional 98 shares during the last quarter. CoreFirst Bank & Trust lifted its stake in EOG Resources by 18.5% during the third quarter. CoreFirst Bank & Trust now owns 640 shares of the energy exploration company’s stock worth $72,000 after purchasing an additional 100 shares during the last quarter. Finally, Ethos Financial Group LLC lifted its stake in EOG Resources by 2.5% during the fourth quarter. Ethos Financial Group LLC now owns 4,180 shares of the energy exploration company’s stock worth $439,000 after purchasing an additional 100 shares during the last quarter. Institutional investors own 89.91% of the company’s stock.

Insider Buying and Selling

In other EOG Resources news, COO Jeffrey R. Leitzell sold 5,698 shares of the company’s stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total transaction of $856,523.36. Following the transaction, the chief operating officer owned 88,045 shares in the company, valued at approximately $13,234,924.40. This represents a 6.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Ann D. Janssen sold 4,161 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $140.04, for a total value of $582,706.44. Following the transaction, the chief financial officer owned 100,246 shares in the company, valued at $14,038,449.84. This trade represents a 3.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 16,230 shares of company stock worth $2,272,568 in the last quarter. Company insiders own 0.14% of the company’s stock.

EOG Resources Trading Up 0.2%

EOG opened at $134.52 on Friday. The business has a 50 day simple moving average of $138.09 and a two-hundred day simple moving average of $121.67. The firm has a market capitalization of $71.65 billion, a price-to-earnings ratio of 13.24 and a beta of 0.27. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.72 and a quick ratio of 1.53. EOG Resources, Inc. has a one year low of $101.59 and a one year high of $151.87.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 EPS for the quarter, beating analysts’ consensus estimates of $3.23 by $0.18. The business had revenue of $6.92 billion during the quarter, compared to analyst estimates of $6.18 billion. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.EOG Resources’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.87 EPS. Analysts predict that EOG Resources, Inc. will post 15.67 EPS for the current year.

EOG Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, July 17th. This represents a $4.08 dividend on an annualized basis and a yield of 3.0%. EOG Resources’s dividend payout ratio is presently 40.16%.

Wall Street Analyst Weigh In

EOG has been the subject of several research analyst reports. Jefferies Financial Group lifted their price target on EOG Resources from $146.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, April 13th. Weiss Ratings raised EOG Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. UBS Group boosted their target price on EOG Resources from $141.00 to $149.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Susquehanna boosted their target price on EOG Resources from $144.00 to $162.00 and gave the company a “positive” rating in a research note on Tuesday, April 21st. Finally, Stephens lowered their target price on EOG Resources from $170.00 to $167.00 in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and sixteen have given a Hold rating to the company. According to MarketBeat.com, EOG Resources currently has an average rating of “Moderate Buy” and a consensus price target of $156.39.

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.