EOG Resources, Inc. (NYSE:EOG) Stock Holdings Boosted by Pacer Advisors Inc.

Pacer Advisors Inc. increased its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 6.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,123,823 shares of the energy exploration company’s stock after buying an additional 255,721 shares during the quarter. EOG Resources comprises about 1.2% of Pacer Advisors Inc.’s holdings, making the stock its 4th largest position. Pacer Advisors Inc. owned approximately 0.72% of EOG Resources worth $519,066,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Riverview Trust Co purchased a new position in shares of EOG Resources during the second quarter worth about $27,000. MFA Wealth Advisors LLC purchased a new stake in EOG Resources in the 2nd quarter valued at approximately $28,000. Gladius Capital Management LP purchased a new stake in EOG Resources in the 2nd quarter valued at approximately $30,000. Triad Wealth Partners LLC purchased a new stake in EOG Resources in the 2nd quarter valued at approximately $35,000. Finally, Norwood Financial Corp purchased a new stake in EOG Resources in the 1st quarter valued at approximately $37,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on EOG. Truist Financial lowered their price objective on EOG Resources from $136.00 to $130.00 and set a “hold” rating on the stock in a report on Monday, July 22nd. Susquehanna decreased their price target on EOG Resources from $159.00 to $158.00 and set a “positive” rating on the stock in a research note on Wednesday, September 4th. Bank of America reissued a “buy” rating and set a $151.00 price target on shares of EOG Resources in a research note on Friday, June 14th. Citigroup boosted their price target on EOG Resources from $124.00 to $130.00 and gave the stock a “neutral” rating in a research note on Friday, May 24th. Finally, Piper Sandler decreased their price target on EOG Resources from $154.00 to $147.00 and set an “overweight” rating on the stock in a research note on Thursday, August 15th. Fourteen research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $142.89.

Insider Buying and Selling

In related news, 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 transaction of $816,400.00. Following the sale, the director now owns 60,892 shares in the company, valued at $7,648,035.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, 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 completion of the transaction, the executive vice president now directly owns 74,250 shares in the company, valued at $9,615,375. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Charles R. Crisp sold 6,500 shares of the firm’s stock in a transaction that occurred 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 sale, the director now owns 60,892 shares of the company’s stock, valued at $7,648,035.20. The disclosure for this sale can be found here. In the last three months, insiders sold 21,537 shares of company stock valued at $2,751,612. Company insiders own 0.30% of the company’s stock.

EOG Resources Trading Up 0.6 %

Shares of EOG opened at $126.01 on Friday. The stock has a fifty day moving average of $125.65 and a two-hundred day moving average of $126.49. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.89 and a current ratio of 2.12. The company has a market capitalization of $72.42 billion, a PE ratio of 9.95, a price-to-earnings-growth ratio of 2.95 and a beta of 1.28. EOG Resources, Inc. has a fifty-two week low of $108.94 and a fifty-two week high of $139.67.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share for the quarter, beating the consensus estimate of $2.98 by $0.18. The company had revenue of $6.03 billion during the quarter, compared to the consensus estimate of $6.07 billion. EOG Resources had a return on equity of 25.42% and a net margin of 30.33%. EOG Resources’s revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the firm posted $2.49 EPS. As a group, analysts forecast that EOG Resources, Inc. will post 12.2 EPS for the current year.

EOG Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 17th will be given a dividend of $0.91 per share. The ex-dividend date is Thursday, October 17th. This represents a $3.64 dividend on an annualized basis and a yield of 2.89%. EOG Resources’s dividend payout ratio (DPR) is 28.75%.

About EOG Resources

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.