EOG Resources, Inc. (NYSE:EOG) Shares Acquired by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC boosted its holdings in EOG Resources, Inc. (NYSE:EOG) by 8.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,379 shares of the energy exploration company’s stock after purchasing an additional 436 shares during the period. Aptus Capital Advisors LLC’s holdings in EOG Resources were worth $677,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of EOG. MUFG Securities EMEA plc bought a new stake in shares of EOG Resources in the fourth quarter worth $5,443,000. Dai ichi Life Insurance Company Ltd increased its position in shares of EOG Resources by 15.3% in the 4th quarter. Dai ichi Life Insurance Company Ltd now owns 46,468 shares of the energy exploration company’s stock worth $5,620,000 after purchasing an additional 6,154 shares during the last quarter. Artisan Partners Limited Partnership raised its stake in shares of EOG Resources by 2.3% in the 4th quarter. Artisan Partners Limited Partnership now owns 991,055 shares of the energy exploration company’s stock valued at $119,868,000 after purchasing an additional 22,638 shares in the last quarter. Johnson Investment Counsel Inc. lifted its position in shares of EOG Resources by 4.7% during the fourth quarter. Johnson Investment Counsel Inc. now owns 6,162 shares of the energy exploration company’s stock worth $745,000 after purchasing an additional 275 shares during the last quarter. Finally, DRW Securities LLC grew its stake in EOG Resources by 871.7% in the fourth quarter. DRW Securities LLC now owns 20,891 shares of the energy exploration company’s stock worth $2,527,000 after purchasing an additional 18,741 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Sanford C. Bernstein reduced their target price on EOG Resources from $139.00 to $125.00 and set a “market perform” rating on the stock in a report on Wednesday, July 17th. Piper Sandler dropped their price target on EOG Resources from $154.00 to $147.00 and set an “overweight” rating on the stock in a research report on Thursday, August 15th. Bank of America reaffirmed a “buy” rating and issued a $151.00 price objective on shares of EOG Resources in a report on Friday, June 14th. Citigroup increased their target price on shares of EOG Resources from $124.00 to $130.00 and gave the stock a “neutral” rating in a report on Friday, May 24th. Finally, Susquehanna lifted their price target on shares of EOG Resources from $155.00 to $159.00 and gave the company a “positive” rating in a report on Monday, August 5th. Thirteen research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $144.00.

EOG Resources Stock Down 0.9 %

Shares of NYSE:EOG opened at $128.82 on Tuesday. The firm has a 50 day simple moving average of $126.91 and a 200 day simple moving average of $125.93. EOG Resources, Inc. has a 52 week low of $108.94 and a 52 week high of $139.67. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.89 and a current ratio of 2.12. The company has a market cap of $74.03 billion, a PE ratio of 10.18, a price-to-earnings-growth ratio of 3.22 and a beta of 1.30.

EOG Resources (NYSE:EOG) last released its earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.98 by $0.18. The company had revenue of $6.03 billion during the quarter, compared to analyst estimates of $6.07 billion. EOG Resources had a return on equity of 25.42% and a net margin of 30.33%. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.49 earnings per share. As a group, research analysts expect that EOG Resources, Inc. will post 12.2 earnings per share for the current year.

EOG Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be issued a $0.91 dividend. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.83%. EOG Resources’s dividend payout ratio is 28.75%.

Insider Transactions at EOG Resources

In related news, EVP Michael P. Donaldson sold 11,037 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the transaction, the executive vice president now directly owns 74,250 shares of the company’s stock, valued at $9,615,375. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Michael P. Donaldson sold 11,037 shares of EOG Resources stock in a transaction on Monday, August 26th. The stock was sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the completion of the sale, the executive vice president now owns 74,250 shares of the company’s stock, valued at $9,615,375. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $126.48, for a total value of $505,920.00. Following the completion of the transaction, the chief operating officer now owns 35,058 shares in the company, valued at approximately $4,434,135.84. The disclosure for this sale can be found here. Insiders sold 21,537 shares of company stock valued at $2,751,612 over the last three months. 0.30% of the stock is owned by corporate insiders.

EOG Resources Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.