Los Angeles Capital Management LLC Purchases 2,405 Shares of EOG Resources, Inc. (NYSE:EOG)

Los Angeles Capital Management LLC boosted its holdings in EOG Resources, Inc. (NYSE:EOG) by 79.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,436 shares of the energy exploration company’s stock after purchasing an additional 2,405 shares during the quarter. Los Angeles Capital Management LLC’s holdings in EOG Resources were worth $695,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of EOG. CWM LLC raised its stake in shares of EOG Resources by 5.3% in the first quarter. CWM LLC now owns 16,530 shares of the energy exploration company’s stock worth $2,113,000 after purchasing an additional 836 shares during the last quarter. Northside Capital Management LLC purchased a new stake in EOG Resources in the 1st quarter valued at $28,924,000. Moody National Bank Trust Division lifted its stake in EOG Resources by 1.0% during the 1st quarter. Moody National Bank Trust Division now owns 8,420 shares of the energy exploration company’s stock valued at $1,076,000 after acquiring an additional 87 shares in the last quarter. Trust Co. of Toledo NA OH boosted its holdings in EOG Resources by 9.3% during the 1st quarter. Trust Co. of Toledo NA OH now owns 13,221 shares of the energy exploration company’s stock worth $1,690,000 after acquiring an additional 1,121 shares during the last quarter. Finally, Confluence Investment Management LLC bought a new stake in shares of EOG Resources in the 1st quarter worth $24,536,000. Institutional investors own 89.91% of the company’s stock.

Insider Buying and Selling

In other news, CEO Ezra Y. Yacob sold 4,729 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $129.31, for a total transaction of $611,506.99. Following the transaction, the chief executive officer now directly owns 150,474 shares of the company’s stock, valued at $19,457,792.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other EOG Resources news, EVP Michael P. Donaldson sold 2,685 shares of the stock in a transaction on Monday, May 13th. The shares were sold at an average price of $130.29, for a total transaction of $349,828.65. Following the completion of the sale, the executive vice president now owns 109,040 shares of the company’s stock, valued at approximately $14,206,821.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Ezra Y. Yacob sold 4,729 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $129.31, for a total transaction of $611,506.99. Following the completion of the transaction, the chief executive officer now owns 150,474 shares in the company, valued at approximately $19,457,792.94. The disclosure for this sale can be found here. Insiders have sold a total of 16,512 shares of company stock worth $2,144,972 in the last 90 days. 0.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

EOG has been the subject of a number of recent analyst reports. Benchmark reaffirmed a “hold” rating on shares of EOG Resources in a research report on Tuesday, May 7th. Scotiabank lowered EOG Resources from a “sector outperform” rating to a “sector perform” rating and lifted their price target for the stock from $135.00 to $155.00 in a report on Thursday, April 11th. Royal Bank of Canada restated a “sector perform” rating and issued a $145.00 price objective on shares of EOG Resources in a research note on Tuesday, April 9th. Truist Financial cut EOG Resources from a “buy” rating to a “hold” rating and lowered their target price for the stock from $163.00 to $136.00 in a research note on Thursday, May 16th. Finally, Morgan Stanley increased their price target on shares of EOG Resources from $132.00 to $133.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. Thirteen investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $143.19.

EOG Resources Stock Up 2.7 %

EOG opened at $125.30 on Tuesday. The company has a quick ratio of 2.05, a current ratio of 2.32 and a debt-to-equity ratio of 0.13. The business’s fifty day simple moving average is $126.87 and its 200 day simple moving average is $122.26. EOG Resources, Inc. has a 52 week low of $106.77 and a 52 week high of $139.67. The stock has a market cap of $72.01 billion, a PE ratio of 9.90, a P/E/G ratio of 1.69 and a beta of 1.32.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share for the quarter, beating analysts’ consensus estimates of $2.70 by $0.12. The company had revenue of $6.12 billion for the quarter, compared to analysts’ expectations of $5.91 billion. EOG Resources had a return on equity of 24.83% and a net margin of 30.33%. EOG Resources’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period last year, the firm posted $2.69 EPS. As a group, research analysts expect that EOG Resources, Inc. will post 12.07 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 2.91%. The ex-dividend date is Wednesday, July 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.