9,640 Shares in EOG Resources, Inc. (NYSE:EOG) Acquired by Sompo Asset Management Co. Ltd.

Sompo Asset Management Co. Ltd. purchased a new stake in EOG Resources, Inc. (NYSE:EOG) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,640 shares of the energy exploration company’s stock, valued at approximately $1,213,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Nkcfo LLC purchased a new position in shares of EOG Resources in the 2nd quarter valued at $2,398,000. Thrivent Financial for Lutherans grew its holdings in shares of EOG Resources by 0.7% during the second quarter. Thrivent Financial for Lutherans now owns 242,948 shares of the energy exploration company’s stock worth $30,580,000 after purchasing an additional 1,787 shares during the last quarter. Sei Investments Co. increased its position in shares of EOG Resources by 0.4% during the second quarter. Sei Investments Co. now owns 301,099 shares of the energy exploration company’s stock worth $37,900,000 after purchasing an additional 1,120 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of EOG Resources by 6.6% in the 2nd quarter. Pacer Advisors Inc. now owns 4,123,823 shares of the energy exploration company’s stock valued at $519,066,000 after purchasing an additional 255,721 shares during the last quarter. Finally, Bridges Investment Management Inc. boosted its position in shares of EOG Resources by 120.1% in the 2nd quarter. Bridges Investment Management Inc. now owns 351,177 shares of the energy exploration company’s stock valued at $44,203,000 after purchasing an additional 191,648 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

EOG has been the topic of several research analyst reports. StockNews.com lowered EOG Resources from a “buy” rating to a “hold” rating in a research report on Monday, September 16th. UBS Group reduced their price target on shares of EOG Resources from $167.00 to $154.00 and set a “buy” rating for the company in a research report on Wednesday. Piper Sandler lowered their price objective on shares of EOG Resources from $154.00 to $147.00 and set an “overweight” rating on the stock in a research report on Thursday, August 15th. Morgan Stanley reduced their target price on shares of EOG Resources from $134.00 to $132.00 and set an “equal weight” rating for the company in a report on Monday, September 16th. Finally, Wolfe Research started coverage on EOG Resources in a report on Thursday, July 18th. They set a “peer perform” rating on the stock. Fourteen equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $142.89.

EOG Resources Trading Up 0.6 %

Shares of EOG opened at $126.01 on Friday. EOG Resources, Inc. has a twelve month low of $108.94 and a twelve month high of $139.67. The company has a current ratio of 2.12, a quick ratio of 1.89 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $72.42 billion, a P/E ratio of 9.95, a PEG ratio of 2.95 and a beta of 1.28. The firm’s 50-day moving average is $125.65 and its two-hundred day moving average is $126.49.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share for the quarter, topping analysts’ consensus estimates of $2.98 by $0.18. The business had revenue of $6.03 billion for the quarter, compared to analysts’ expectations 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 was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.49 EPS. On average, research analysts predict that EOG Resources, Inc. will post 12.2 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date of this dividend is Thursday, October 17th. EOG Resources’s dividend payout ratio is currently 28.75%.

Insider Transactions at EOG Resources

In related 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 value of $1,429,291.50. Following the sale, the executive vice president now directly owns 74,250 shares of the company’s stock, valued at approximately $9,615,375. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, Director Charles R. Crisp sold 6,500 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total value of $816,400.00. Following the completion of the transaction, the director now directly owns 60,892 shares of the company’s stock, valued at $7,648,035.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Michael P. Donaldson sold 11,037 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $129.50, for a total value of $1,429,291.50. Following the sale, the executive vice president now directly owns 74,250 shares in the company, valued at approximately $9,615,375. The disclosure for this sale can be found here. Insiders sold 21,537 shares of company stock valued at $2,751,612 in the last 90 days. 0.30% of the stock is currently owned by 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.