Thrivent Financial for Lutherans Grows Position in EOG Resources, Inc. (NYSE:EOG)

Thrivent Financial for Lutherans grew its stake in EOG Resources, Inc. (NYSE:EOG) by 0.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 242,948 shares of the energy exploration company’s stock after purchasing an additional 1,787 shares during the period. Thrivent Financial for Lutherans’ holdings in EOG Resources were worth $30,580,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of EOG. Artisan Partners Limited Partnership raised its stake in shares of EOG Resources by 2.3% during the 4th quarter. Artisan Partners Limited Partnership now owns 991,055 shares of the energy exploration company’s stock worth $119,868,000 after buying an additional 22,638 shares during the period. DRW Securities LLC raised its stake in shares of EOG Resources by 871.7% during the 4th quarter. DRW Securities LLC now owns 20,891 shares of the energy exploration company’s stock worth $2,527,000 after buying an additional 18,741 shares during the period. UniSuper Management Pty Ltd raised its stake in shares of EOG Resources by 228.4% during the 1st quarter. UniSuper Management Pty Ltd now owns 15,626 shares of the energy exploration company’s stock worth $1,998,000 after buying an additional 10,868 shares during the period. Bryn Mawr Capital Management LLC acquired a new position in shares of EOG Resources during the 1st quarter worth approximately $1,217,000. Finally, Processus Wealth & Capital Management LLC acquired a new position in shares of EOG Resources during the 4th quarter worth approximately $1,570,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Performance

NYSE EOG opened at $127.74 on Tuesday. The stock has a market cap of $73.41 billion, a PE ratio of 10.09, a P/E/G ratio of 2.95 and a beta of 1.28. 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, Inc. has a twelve month low of $108.94 and a twelve month high of $139.67. The stock has a fifty day simple moving average of $125.55 and a 200-day simple moving average of $126.70.

EOG Resources (NYSE:EOG) last announced its earnings results on Thursday, August 1st. The energy exploration company reported $3.16 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 during the quarter, compared to analysts’ expectations of $6.07 billion. During the same period last year, the business posted $2.49 EPS. EOG Resources’s revenue for the quarter was up 8.1% on a year-over-year basis. Equities analysts anticipate that EOG Resources, Inc. will post 12.2 earnings per share for the current year.

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 17th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date is Thursday, October 17th. EOG Resources’s dividend payout ratio (DPR) is 28.75%.

Insider Activity at EOG Resources

In related news, Director Charles R. Crisp sold 6,500 shares of the firm’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 directly owns 60,892 shares in the company, valued at approximately $7,648,035.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other EOG Resources news, EVP Michael P. Donaldson sold 11,037 shares of the stock in a transaction dated 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 sale, the executive vice president now owns 74,250 shares of the company’s stock, valued at approximately $9,615,375. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Charles R. Crisp sold 6,500 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total value of $816,400.00. Following the completion of the sale, the director now directly owns 60,892 shares in the company, valued at approximately $7,648,035.20. The disclosure for this sale can be found here. Insiders sold 21,537 shares of company stock worth $2,751,612 in the last three months. 0.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on EOG. Truist Financial reduced their target price on EOG Resources from $136.00 to $130.00 and set a “hold” rating for the company in a research note on Monday, July 22nd. Bank of America reissued a “buy” rating and issued a $151.00 price objective on shares of EOG Resources in a research note on Friday, June 14th. Sanford C. Bernstein reduced their price objective on 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. Susquehanna reduced their price objective on EOG Resources from $159.00 to $158.00 and set a “positive” rating for the company in a research note on Wednesday, September 4th. Finally, Scotiabank reduced their price objective on EOG Resources from $155.00 to $150.00 and set a “sector perform” rating for the company in a research note on Friday, July 12th. Fourteen equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, EOG Resources presently has an average rating of “Hold” and an average target price of $142.89.

EOG Resources Company 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.