35,725 Shares in EOG Resources, Inc. $EOG Purchased by MidFirst Bank

MidFirst Bank purchased a new stake in EOG Resources, Inc. (NYSE:EOG) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 35,725 shares of the energy exploration company’s stock, valued at approximately $4,635,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. acquired a new stake in EOG Resources during the second quarter worth approximately $5,905,587,000. Bank of New York Mellon Corp bought a new stake in shares of EOG Resources during the second quarter worth approximately $654,899,000. Deutsche Bank AG acquired a new position in shares of EOG Resources in the second quarter valued at approximately $251,102,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of EOG Resources in the second quarter valued at approximately $168,029,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in EOG Resources by 898.6% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,420,839 shares of the energy exploration company’s stock valued at $205,411,000 after buying an additional 1,278,555 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Roth Capital restated a “neutral” rating and issued a $138.00 price target on shares of EOG Resources in a research note on Wednesday, August 5th. Jefferies Financial Group restated a “buy” rating and set a $175.00 target price (up from $170.00) on shares of EOG Resources in a research report on Thursday, July 2nd. Williams Trading set a $177.00 price target on shares of EOG Resources in a research report on Monday, April 20th. DA Davidson boosted their price target on EOG Resources from $148.00 to $153.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $193.00 price target (down from $196.00) on shares of EOG Resources in a research note on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seventeen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, EOG Resources currently has an average rating of “Hold” and a consensus target price of $156.00.

EOG Resources Stock Up 2.3%

EOG stock opened at $145.95 on Tuesday. EOG Resources, Inc. has a 52 week low of $101.59 and a 52 week high of $151.87. The business has a 50-day simple moving average of $137.69 and a 200 day simple moving average of $134.06. The company has a quick ratio of 1.68, a current ratio of 1.85 and a debt-to-equity ratio of 0.25. The company has a market cap of $76.56 billion, a PE ratio of 11.36 and a beta of 0.25.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.97 by $0.10. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The firm had revenue of $8.62 billion for the quarter, compared to the consensus estimate of $8.04 billion. During the same period in the prior year, the company posted $2.32 earnings per share. The business’s revenue for the quarter was up 57.4% on a year-over-year basis. Sell-side analysts anticipate that EOG Resources, Inc. will post 16.43 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 16th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis 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 31.75%.

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.