90,539 Shares in EOG Resources, Inc. $EOG Acquired by Punch & Associates Investment Management Inc.

Punch & Associates Investment Management Inc. purchased a new stake in shares of EOG Resources, Inc. (NYSE:EOG) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 90,539 shares of the energy exploration company’s stock, valued at approximately $11,746,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. SJS Investment Consulting Inc. lifted its position in EOG Resources by 225.5% during the 1st quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock worth $26,000 after acquiring an additional 124 shares during the last quarter. Financial Life Planners acquired a new stake in shares of EOG Resources in the first quarter valued at about $30,000. Acumen Wealth Advisors LLC acquired a new stake in shares of EOG Resources in the fourth quarter valued at about $25,000. Wedbush Fund Advisers LLC bought a new position in shares of EOG Resources in the second quarter worth about $31,000. Finally, Prosperity Bancshares Inc bought a new position in shares of EOG Resources in the fourth quarter worth about $26,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. UBS Group cut their price target on EOG Resources from $168.00 to $158.00 and set a “buy” rating for the company in a report on Thursday, July 2nd. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $151.00 target price (up from $127.00) on shares of EOG Resources in a research report on Monday. Sanford C. Bernstein cut their target price on shares of EOG Resources from $167.00 to $155.00 and set a “market perform” rating for the company in a research note on Wednesday, May 20th. Capital One Financial downgraded shares of EOG Resources from an “overweight” rating to an “equal weight” rating and set a $153.00 price target for the company. in a report on Wednesday. Finally, Stephens decreased their price target on shares of EOG Resources from $170.00 to $167.00 in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seventeen have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $156.00.

Insider Activity at EOG Resources

In other news, CEO Ezra Y. Yacob sold 35,942 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $152.10, for a total transaction of $5,466,778.20. Following the sale, the chief executive officer owned 242,451 shares in the company, valued at approximately $36,876,797.10. This represents a 12.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.14% of the company’s stock.

EOG Resources Stock Down 1.3%

Shares of EOG opened at $144.95 on Thursday. The company has a quick ratio of 1.68, a current ratio of 1.85 and a debt-to-equity ratio of 0.25. The stock has a market cap of $76.03 billion, a price-to-earnings ratio of 11.28, a P/E/G ratio of 0.54 and a beta of 0.25. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $153.67. The company has a 50-day moving average price of $139.64 and a two-hundred day moving average price of $135.92.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share for the quarter, beating analysts’ consensus estimates of $4.97 by $0.10. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%.The firm had revenue of $8.62 billion for the quarter, compared to analysts’ expectations of $8.04 billion. During the same period in the prior year, the business posted $2.32 earnings per share. The business’s revenue was up 57.4% compared to the same quarter last year. Equities analysts predict that EOG Resources, Inc. will post 16.87 EPS for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 16th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, October 16th. EOG Resources’s payout ratio is presently 31.75%.

EOG Resources Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.