3Chopt Investment Partners LLC Grows Position in EOG Resources, Inc. (NYSE:EOG)

3Chopt Investment Partners LLC grew its holdings in EOG Resources, Inc. (NYSE:EOG) by 2.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,723 shares of the energy exploration company’s stock after buying an additional 347 shares during the period. 3Chopt Investment Partners LLC’s holdings in EOG Resources were worth $1,601,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Riverview Trust Co acquired a new stake in shares of EOG Resources during the 2nd quarter worth approximately $27,000. MFA Wealth Advisors LLC acquired a new stake in EOG Resources during the second quarter worth $28,000. Gladius Capital Management LP purchased a new stake in EOG Resources in the second quarter valued at $30,000. Triad Wealth Partners LLC acquired a new position in shares of EOG Resources in the 2nd quarter valued at $35,000. Finally, Norwood Financial Corp purchased a new position in shares of EOG Resources during the 1st quarter worth $37,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on EOG shares. KeyCorp assumed coverage on shares of EOG Resources in a report on Thursday, June 27th. They issued an “overweight” rating and a $157.00 price objective on the stock. Scotiabank reduced their price target 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. StockNews.com cut shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Monday, September 16th. UBS Group lowered their price target on EOG Resources from $167.00 to $154.00 and set a “buy” rating for the company in a research report on Wednesday, September 18th. 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 investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, EOG Resources currently has an average rating of “Hold” and an average target price of $142.25.

EOG Resources Stock Performance

Shares of EOG Resources stock opened at $122.94 on Tuesday. The firm’s fifty day simple moving average is $124.87 and its 200-day simple moving average is $126.78. 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 $70.65 billion, a price-to-earnings ratio of 9.71, a PEG ratio of 3.27 and a beta of 1.28. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.12 and a quick ratio of 1.89.

EOG Resources (NYSE:EOG) last announced its 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 net margin of 30.33% and a return on equity of 25.42%. The business had revenue of $6.03 billion during the quarter, compared to analysts’ expectations of $6.07 billion. During the same period in the prior year, the company earned $2.49 earnings per share. The business’s revenue was up 8.1% compared to the same quarter last year. As a group, equities analysts forecast that EOG Resources, Inc. will post 11.91 earnings per share for the current year.

EOG Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date is Thursday, October 17th. EOG Resources’s payout ratio is currently 28.75%.

Insider Transactions at EOG Resources

In other EOG Resources 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 directly owns 74,250 shares of the company’s stock, valued at approximately $9,615,375. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Michael P. Donaldson sold 11,037 shares of the firm’s stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 74,250 shares of the company’s stock, valued at approximately $9,615,375. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $126.48, for a total value of $505,920.00. Following the transaction, the chief operating officer now directly owns 35,058 shares in the company, valued at approximately $4,434,135.84. The disclosure for this sale can be found here. Insiders sold 21,537 shares of company stock worth $2,751,612 over the last 90 days. 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.