EOG Resources, Inc. (NYSE:EOG) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC increased its holdings in EOG Resources, Inc. (NYSE:EOG) by 19.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,015 shares of the energy exploration company’s stock after acquiring an additional 1,316 shares during the quarter. GAMMA Investing LLC’s holdings in EOG Resources were worth $985,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Elo Mutual Pension Insurance Co grew its position in shares of EOG Resources by 3.9% during the fourth quarter. Elo Mutual Pension Insurance Co now owns 50,835 shares of the energy exploration company’s stock worth $6,148,000 after buying an additional 1,885 shares in the last quarter. Regal Investment Advisors LLC increased its position in shares of EOG Resources by 617.8% in the 4th quarter. Regal Investment Advisors LLC now owns 36,054 shares of the energy exploration company’s stock worth $4,361,000 after purchasing an additional 31,031 shares during the last quarter. Unigestion Holding SA acquired a new stake in shares of EOG Resources in the 4th quarter valued at about $19,279,000. Cresset Asset Management LLC lifted its position in shares of EOG Resources by 4.0% during the fourth quarter. Cresset Asset Management LLC now owns 121,066 shares of the energy exploration company’s stock worth $14,643,000 after purchasing an additional 4,663 shares during the last quarter. Finally, Symmetry Investments LP lifted its position in shares of EOG Resources by 69.3% during the fourth quarter. Symmetry Investments LP now owns 18,000 shares of the energy exploration company’s stock worth $2,177,000 after purchasing an additional 7,365 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Scotiabank cut their price objective on EOG Resources from $155.00 to $150.00 and set a “sector perform” rating on the stock in a research note on Friday, July 12th. Morgan Stanley reduced their price objective on EOG Resources from $134.00 to $132.00 and set an “equal weight” rating on the stock in a research note on Monday, September 16th. Susquehanna lowered their target price on shares of EOG Resources from $159.00 to $158.00 and set a “positive” rating for the company in a research note on Wednesday, September 4th. UBS Group reduced their price target on shares of EOG Resources from $167.00 to $154.00 and set a “buy” rating on the stock in a research report on Wednesday, September 18th. Finally, 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 report on Wednesday, July 17th. Fourteen analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $142.15.

EOG Resources Stock Up 0.9 %

EOG stock opened at $134.26 on Tuesday. The firm’s 50-day moving average is $125.16 and its two-hundred day moving average is $126.94. The company has a market capitalization of $77.16 billion, a price-to-earnings ratio of 10.61, a price-to-earnings-growth ratio of 3.27 and a beta of 1.28. EOG Resources, Inc. has a 52 week low of $108.94 and a 52 week 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.

EOG Resources (NYSE:EOG) last released its 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. EOG Resources had a return on equity of 25.42% and a net margin of 30.33%. The firm had revenue of $6.03 billion during the quarter, compared to the consensus estimate of $6.07 billion. During the same period in the prior year, the firm posted $2.49 earnings per share. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. On average, analysts forecast that EOG Resources, Inc. will post 11.91 earnings per share for the current fiscal 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 2.71%. The ex-dividend date of this dividend is Thursday, October 17th. EOG Resources’s payout ratio is currently 28.75%.

Insiders Place Their Bets

In other news, Director Charles R. Crisp sold 6,500 shares of EOG Resources stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total value of $816,400.00. Following the transaction, the director now owns 60,892 shares of the company’s stock, valued at $7,648,035.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Director Charles R. Crisp sold 6,500 shares of the firm’s stock in a transaction on 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 sale, the director now directly owns 60,892 shares of the company’s stock, valued at $7,648,035.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $126.48, for a total value of $505,920.00. Following the sale, the chief operating officer now directly owns 35,058 shares in the company, valued at $4,434,135.84. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,537 shares of company stock worth $2,751,612. 0.30% of the stock is owned by corporate 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.