DRW Securities LLC Takes Position in EOG Resources, Inc. (NYSE:EOG)

DRW Securities LLC purchased a new position in EOG Resources, Inc. (NYSE:EOG) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 13,514 shares of the energy exploration company’s stock, valued at approximately $1,710,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Riverview Trust Co bought a new stake in shares of EOG Resources in the 2nd quarter valued at approximately $27,000. MFA Wealth Advisors LLC bought a new stake in EOG Resources during the second quarter valued at $28,000. Gladius Capital Management LP bought a new stake in EOG Resources during the second quarter valued at $30,000. Triad Wealth Partners LLC acquired a new stake in shares of EOG Resources during the second quarter worth $35,000. Finally, Norwood Financial Corp bought a new position in shares of EOG Resources in the 1st quarter worth about $37,000. 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 EOG Resources 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 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 at this link. In other news, Director Charles R. Crisp sold 6,500 shares of the company’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. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Michael P. Donaldson sold 11,037 shares of EOG Resources stock in a transaction dated Monday, August 26th. The stock was 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 approximately $9,615,375. The disclosure for this sale can be found here. Insiders sold a total of 21,537 shares of company stock valued at $2,751,612 over the last ninety days. Insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Scotiabank dropped their price objective 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. KeyCorp assumed coverage on EOG Resources in a research report on Thursday, June 27th. They set an “overweight” rating and a $157.00 price target on the stock. Royal Bank of Canada reissued a “sector perform” rating and issued a $147.00 price target on shares of EOG Resources in a report on Wednesday, July 10th. JPMorgan Chase & Co. lowered their price objective 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. Finally, StockNews.com cut EOG Resources from a “buy” rating to a “hold” rating in a research note on Monday, September 16th. Fourteen investment 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. Based on data from MarketBeat.com, EOG Resources has an average rating of “Hold” and an average price target of $142.89.

EOG Resources Stock Performance

EOG opened at $126.03 on Friday. The business has a 50 day moving average price of $125.65 and a two-hundred day moving average price of $126.56. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.12 and a quick ratio of 1.89. The company has a market capitalization of $72.43 billion, a price-to-earnings ratio of 9.95, a price-to-earnings-growth 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.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data 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. EOG Resources had a return on equity of 25.42% and a net margin of 30.33%. The business had revenue of $6.03 billion during the quarter, compared to analyst estimates of $6.07 billion. During the same quarter in the prior year, the firm posted $2.49 earnings per share. The company’s revenue was up 8.1% on a year-over-year basis. Research analysts predict that EOG Resources, Inc. will post 12.2 EPS for the current fiscal year.

EOG Resources Announces Dividend

The firm 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 $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 2.89%. EOG Resources’s payout ratio is currently 28.75%.

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.