EOG Resources, Inc. (NYSE:EOG) Shares Bought by Plato Investment Management Ltd

Plato Investment Management Ltd lifted its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 185.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,627 shares of the energy exploration company’s stock after purchasing an additional 1,057 shares during the quarter. Plato Investment Management Ltd’s holdings in EOG Resources were worth $205,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Riverview Trust Co acquired a new stake in EOG Resources in the 2nd quarter worth about $27,000. MFA Wealth Advisors LLC acquired a new stake in shares of EOG Resources in the second quarter worth approximately $28,000. Gladius Capital Management LP purchased a new stake in EOG Resources in the second quarter valued at approximately $30,000. Sachetta LLC acquired a new position in EOG Resources during the fourth quarter worth approximately $33,000. Finally, Triad Wealth Partners LLC purchased a new position in EOG Resources during the second quarter worth approximately $35,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Sanford C. Bernstein lowered their price objective on shares of EOG Resources from $139.00 to $125.00 and set a “market perform” rating for the company in a research note on Wednesday, July 17th. Royal Bank of Canada restated a “sector perform” rating and set a $147.00 price target on shares of EOG Resources in a research note on Wednesday, July 10th. Piper Sandler reduced their price objective on EOG Resources from $154.00 to $147.00 and set an “overweight” rating on the stock in a research note on Thursday, August 15th. KeyCorp initiated coverage on shares of EOG Resources in a research report on Thursday, June 27th. They set an “overweight” rating and a $157.00 target price for the company. Finally, Wolfe Research initiated coverage on shares of EOG Resources in a research report on Thursday, July 18th. They set a “peer perform” rating on the stock. Fourteen research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $143.58.

Insider Transactions at EOG Resources

In other news, EVP Michael P. Donaldson sold 11,037 shares of the stock in a transaction dated 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 owns 74,250 shares of the company’s stock, valued at $9,615,375. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $126.48, for a total transaction of $505,920.00. Following the sale, the chief operating officer now directly owns 35,058 shares of the company’s stock, valued at approximately $4,434,135.84. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Michael P. Donaldson sold 11,037 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $129.50, for a total value of $1,429,291.50. Following the transaction, the executive vice president now owns 74,250 shares in the company, valued at $9,615,375. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,537 shares of company stock valued at $2,751,612. Insiders own 0.30% of the company’s stock.

EOG Resources Stock Up 1.9 %

Shares of NYSE EOG opened at $121.67 on Tuesday. The firm has a market cap of $69.93 billion, a price-to-earnings ratio of 9.61, a PEG ratio of 2.95 and a beta of 1.28. EOG Resources, Inc. has a 1 year low of $108.94 and a 1 year 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 stock’s 50-day simple moving average is $125.85 and its 200-day simple moving average is $126.39.

EOG Resources (NYSE:EOG) last announced 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. EOG Resources had a return on equity of 25.42% and a net margin of 30.33%. The company had revenue of $6.03 billion for the quarter, compared to analyst estimates of $6.07 billion. During the same period in the prior year, the company posted $2.49 EPS. EOG Resources’s quarterly revenue was up 8.1% on a year-over-year basis. As a group, equities analysts anticipate that EOG Resources, Inc. will post 12.2 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 2.99%. The ex-dividend date is Thursday, October 17th. EOG Resources’s dividend payout ratio is currently 28.75%.

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.