EOG Resources, Inc. (NYSE:EOG) Stake Raised by Intech Investment Management LLC

Intech Investment Management LLC grew its holdings in shares of EOG Resources, Inc. (NYSE:EOG) 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

A number of analysts have commented on the stock. JPMorgan Chase & Co. reduced their price objective on shares of EOG Resources from $143.00 to $135.00 and set a “neutral” rating for the company in a research note on Thursday, September 12th. Morgan Stanley decreased their price objective on shares of EOG Resources from $134.00 to $132.00 and set an “equal weight” rating for the company in a research note on Monday, September 16th. Scotiabank cut their target price on shares of 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. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $147.00 target price on shares of EOG Resources in a research report on Wednesday, July 10th. Finally, Bank of America reissued a “buy” rating and set a $151.00 price target on shares of EOG Resources in a research report on Friday, June 14th. Fourteen equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $142.89.

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) 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.