30,581 Shares in EOG Resources, Inc. $EOG Purchased by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of EOG Resources, Inc. (NYSE:EOG) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 30,581 shares of the energy exploration company’s stock, valued at approximately $3,966,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in EOG. Acumen Wealth Advisors LLC purchased a new position in EOG Resources during the fourth quarter valued at $25,000. Prosperity Bancshares Inc purchased a new position in shares of EOG Resources during the fourth quarter valued at about $26,000. SJS Investment Consulting Inc. increased its holdings in shares of EOG Resources by 225.5% in the first quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock worth $26,000 after purchasing an additional 124 shares during the last quarter. Nemes Rush Group LLC purchased a new stake in shares of EOG Resources in the fourth quarter worth about $30,000. Finally, Gen Wealth Partners Inc bought a new stake in EOG Resources in the 4th quarter worth approximately $30,000. 89.91% of the stock is currently owned by institutional investors.

EOG Resources Stock Down 0.7%

Shares of NYSE:EOG opened at $143.53 on Friday. The firm has a market capitalization of $75.29 billion, a PE ratio of 11.17, a price-to-earnings-growth ratio of 0.54 and a beta of 0.25. The business has a 50 day simple moving average of $140.20 and a two-hundred day simple moving average of $136.19. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year high of $153.67. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.85 and a quick ratio of 1.68.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share for the quarter, topping the consensus estimate of $4.97 by $0.10. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%.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 business posted $2.32 earnings per share. The company’s revenue for the quarter was up 57.4% on a year-over-year basis. On average, equities analysts predict that EOG Resources, Inc. will post 16.87 EPS for the current year.

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be given a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Friday, October 16th. EOG Resources’s dividend payout ratio is 31.75%.

Analyst Ratings Changes

EOG has been the subject of a number of recent research reports. Stephens cut their target price on shares of EOG Resources from $170.00 to $167.00 in a report on Wednesday, May 6th. UBS Group lowered their price objective on shares of EOG Resources from $168.00 to $158.00 and set a “buy” rating for the company in a research report on Thursday, July 2nd. Truist Financial lifted their price objective on shares of EOG Resources from $134.00 to $153.00 and gave the stock a “hold” rating in a research note on Thursday, August 6th. Roth Capital restated a “neutral” rating and issued a $138.00 target price on shares of EOG Resources in a report on Wednesday, August 5th. Finally, Wells Fargo & Company restated an “overweight” rating and set a $193.00 target price (down from $196.00) on shares of EOG Resources in a research report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seventeen have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $156.33.

Insider Buying and Selling

In other EOG Resources news, CEO Ezra Y. Yacob sold 35,942 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $152.10, for a total value of $5,466,778.20. Following the sale, the chief executive officer owned 242,451 shares in the company, valued at $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 SEC, which is available at this hyperlink. 0.14% of the stock is owned by company insiders.

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.