Amalgamated Bank Sells 4,435 Shares of EOG Resources, Inc. (NYSE:EOG)

Amalgamated Bank reduced its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 3.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 115,921 shares of the energy exploration company’s stock after selling 4,435 shares during the quarter. Amalgamated Bank’s holdings in EOG Resources were worth $14,591,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. MUFG Securities EMEA plc acquired a new stake in EOG Resources during the fourth quarter worth about $5,443,000. Dai ichi Life Insurance Company Ltd boosted its position in shares of EOG Resources by 15.3% during the 4th quarter. Dai ichi Life Insurance Company Ltd now owns 46,468 shares of the energy exploration company’s stock worth $5,620,000 after acquiring an additional 6,154 shares in the last quarter. Artisan Partners Limited Partnership increased its stake in EOG Resources by 2.3% in the fourth quarter. Artisan Partners Limited Partnership now owns 991,055 shares of the energy exploration company’s stock valued at $119,868,000 after acquiring an additional 22,638 shares during the last quarter. DRW Securities LLC increased its stake in EOG Resources by 871.7% in the fourth quarter. DRW Securities LLC now owns 20,891 shares of the energy exploration company’s stock valued at $2,527,000 after acquiring an additional 18,741 shares during the last quarter. Finally, UniSuper Management Pty Ltd raised its position in EOG Resources by 228.4% during the first quarter. UniSuper Management Pty Ltd now owns 15,626 shares of the energy exploration company’s stock valued at $1,998,000 after purchasing an additional 10,868 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on EOG shares. Wolfe Research started coverage on EOG Resources in a report on Thursday, July 18th. They issued a “peer perform” rating on the stock. Citigroup raised their price objective on EOG Resources from $124.00 to $130.00 and gave the company a “neutral” rating in a research note on Friday, May 24th. JPMorgan Chase & Co. lowered their target price on EOG Resources from $143.00 to $135.00 and set a “neutral” rating for the company in a research note on Thursday, September 12th. Royal Bank of Canada restated a “sector perform” rating and issued a $147.00 price target on shares of EOG Resources in a research note on Wednesday, July 10th. Finally, Truist Financial lowered their price objective on shares of EOG Resources from $136.00 to $130.00 and set a “hold” rating for the company in a research report on Monday, July 22nd. Fourteen equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, EOG Resources presently has an average rating of “Hold” and an average price target of $142.89.

EOG Resources Stock Up 1.0 %

Shares of EOG opened at $124.38 on Thursday. The stock’s 50-day moving average price is $125.76 and its two-hundred day moving average price is $126.42. EOG Resources, Inc. has a 12 month low of $108.94 and a 12 month high of $139.67. The company has a market capitalization of $71.48 billion, a PE ratio of 9.82, a PEG 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 (NYSE:EOG) last issued its quarterly earnings data on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share (EPS) 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 company had revenue of $6.03 billion during the quarter, compared to the consensus estimate of $6.07 billion. During the same period last year, the company earned $2.49 earnings per share. The firm’s revenue was up 8.1% compared to the same quarter last year. On average, analysts anticipate that EOG Resources, Inc. will post 12.2 EPS for the current 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. The ex-dividend date is Thursday, October 17th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.93%. EOG Resources’s dividend payout ratio (DPR) is currently 28.75%.

Insider Activity

In related news, EVP Michael P. Donaldson sold 11,037 shares of the business’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 owns 74,250 shares in the company, valued at $9,615,375. The transaction was disclosed in a document filed with the SEC, which is available through this link. 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 transaction of $1,429,291.50. Following the completion of the sale, the executive vice president now directly owns 74,250 shares in the company, valued at approximately $9,615,375. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Charles R. Crisp sold 6,500 shares of the business’s 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 transaction, the director now directly owns 60,892 shares in the company, valued at $7,648,035.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,537 shares of company stock valued at $2,751,612. 0.30% of the stock is currently owned by insiders.

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.