Intech Investment Management LLC grew its holdings in shares of EOG Resources, Inc. (NYSE:EOG – Free Report) by 23.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 61,304 shares of the energy exploration company’s stock after purchasing an additional 11,752 shares during the period. Intech Investment Management LLC’s holdings in EOG Resources were worth $7,716,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently made changes to their positions in the business. Riverview Trust Co acquired a new position in EOG Resources in the second quarter worth approximately $27,000. MFA Wealth Advisors LLC acquired a new position in shares of EOG Resources in the 2nd quarter worth $28,000. Gladius Capital Management LP acquired a new stake in shares of EOG Resources during the second quarter worth $30,000. Triad Wealth Partners LLC purchased a new stake in shares of EOG Resources during the second quarter valued at $35,000. Finally, Norwood Financial Corp acquired a new position in shares of EOG Resources in the 1st quarter valued at $37,000. Institutional investors and hedge funds own 89.91% of the company’s stock.
Insider Activity
In related news, EVP Michael P. Donaldson sold 11,037 shares of the firm’s 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 transaction, the executive vice president now directly owns 74,250 shares in the company, valued at approximately $9,615,375. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Charles R. Crisp sold 6,500 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total transaction of $816,400.00. Following the completion of the transaction, the director now owns 60,892 shares of the company’s stock, valued at approximately $7,648,035.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael P. Donaldson sold 11,037 shares of the stock in a transaction that occurred 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 owns 74,250 shares of the company’s stock, valued at approximately $9,615,375. The disclosure for this sale can be found here. Insiders have sold a total of 21,537 shares of company stock valued at $2,751,612 over the last 90 days. 0.30% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
EOG Resources Stock Up 0.6 %
EOG stock opened at $126.01 on Friday. The firm has a market cap of $72.42 billion, a PE ratio of 9.95, 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 fifty day simple moving average of $125.65 and a 200 day simple moving average of $126.49. The company has a current ratio of 2.12, a quick ratio of 1.89 and a debt-to-equity ratio of 0.11.
EOG Resources (NYSE:EOG – Get Free Report) last announced 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 company had revenue of $6.03 billion during 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 business’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.49 earnings per share. Sell-side analysts anticipate that EOG Resources, Inc. will post 12.2 EPS for the current fiscal year.
EOG Resources Announces Dividend
The business also recently declared 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. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $3.64 annualized dividend and a yield of 2.89%. EOG Resources’s dividend payout ratio (DPR) is presently 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.
Featured Articles
- Five stocks we like better than EOG Resources
- 3 Healthcare Dividend Stocks to Buy
- Analysts Predict 85% Upside for Wave Life Sciences After Rate Cut
- What is the Shanghai Stock Exchange Composite Index?
- FedEx Stock Dips: Another Reason to Fear Recession Is Near
- Investing in the High PE Growth Stocks
- The Half-Penny Revolution: Will SEC’s Reform Benefit Investors?
Want to see what other hedge funds are holding EOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EOG Resources, Inc. (NYSE:EOG – Free Report).
Receive News & Ratings for EOG Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EOG Resources and related companies with MarketBeat.com's FREE daily email newsletter.