Elo Mutual Pension Insurance Co Has $6.29 Million Stock Position in EOG Resources, Inc. (NYSE:EOG)

Elo Mutual Pension Insurance Co cut its position in EOG Resources, Inc. (NYSE:EOG) by 19.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,954 shares of the energy exploration company’s stock after selling 12,097 shares during the period. Elo Mutual Pension Insurance Co’s holdings in EOG Resources were worth $6,288,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Riverview Trust Co bought a new stake in shares of EOG Resources during the second quarter valued at approximately $27,000. MFA Wealth Advisors LLC acquired a new stake in EOG Resources in the 2nd quarter valued at $28,000. Gladius Capital Management LP bought a new stake in EOG Resources during the 2nd quarter valued at $30,000. Sachetta LLC bought a new stake in EOG Resources during the 4th quarter valued at $33,000. Finally, Triad Wealth Partners LLC acquired a new position in EOG Resources during the second quarter worth $35,000. 89.91% of the stock is owned by institutional investors.

Insider Activity at EOG Resources

In other EOG Resources news, EVP Michael P. Donaldson sold 11,037 shares of the stock in a transaction on 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 sale, 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 at this hyperlink. In other news, EVP Michael P. Donaldson sold 11,037 shares of the company’s 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 sale, the executive vice president now directly owns 74,250 shares in the company, valued at $9,615,375. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Charles R. Crisp sold 6,500 shares of the 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 sale, 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 ninety days, insiders sold 21,537 shares of company stock worth $2,751,612. Corporate insiders own 0.30% of the company’s stock.

EOG Resources Trading Up 1.0 %

NYSE:EOG opened at $124.38 on Thursday. The firm’s 50 day moving average is $125.76 and its 200 day moving average is $126.42. EOG Resources, Inc. has a 12 month low of $108.94 and a 12 month high of $139.67. The stock has a market capitalization of $71.48 billion, a PE ratio of 9.82, a price-to-earnings-growth 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 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 firm had revenue of $6.03 billion for the quarter, compared to analysts’ expectations of $6.07 billion. During the same quarter in the prior year, the firm earned $2.49 EPS. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. Sell-side analysts expect that EOG Resources, Inc. will post 12.2 earnings per share for the current year.

EOG Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $3.64 annualized dividend and a dividend yield of 2.93%. EOG Resources’s payout ratio is 28.75%.

Analysts Set New Price Targets

Several research firms have recently commented on EOG. Scotiabank decreased their target price on shares of EOG Resources from $155.00 to $150.00 and set a “sector perform” rating for the company in a research report on Friday, July 12th. Piper Sandler decreased their price objective on EOG Resources from $154.00 to $147.00 and set an “overweight” rating for the company in a report on Thursday, August 15th. Citigroup increased their price objective on EOG Resources from $124.00 to $130.00 and gave the stock a “neutral” rating in a research note on Friday, May 24th. Susquehanna cut their target price on EOG Resources from $159.00 to $158.00 and set a “positive” rating on the stock in a research report on Wednesday, September 4th. Finally, Morgan Stanley decreased their price target on EOG Resources from $134.00 to $132.00 and set an “equal weight” rating for the company in a report on Monday. Fourteen research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus 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.