iSAM Funds UK Ltd Takes Position in EOG Resources, Inc. $EOG

iSAM Funds UK Ltd acquired a new position in EOG Resources, Inc. (NYSE:EOG) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 14,000 shares of the energy exploration company’s stock, valued at approximately $1,816,000. EOG Resources comprises approximately 1.3% of iSAM Funds UK Ltd’s portfolio, making the stock its 8th largest position.

Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. acquired a new stake in EOG Resources in the 2nd quarter worth $5,905,587,000. Bank of New York Mellon Corp bought a new stake in shares of EOG Resources in the second quarter valued at about $654,899,000. Bank of America Corp DE acquired a new stake in EOG Resources during the second quarter worth about $551,321,000. Deutsche Bank AG bought a new position in EOG Resources during the second quarter valued at about $251,102,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in EOG Resources during the second quarter valued at about $168,029,000. Institutional investors own 89.91% of the company’s stock.

Insider Transactions at EOG Resources

In related news, CEO Ezra Y. Yacob sold 35,942 shares of the company’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $152.10, for a total transaction of $5,466,778.20. Following the transaction, the chief executive officer owned 242,451 shares in the company, valued at $36,876,797.10. This represents a 12.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.14% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

EOG has been the topic of several recent research reports. DA Davidson lifted their price objective on EOG Resources from $148.00 to $153.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Truist Financial upped their target price on EOG Resources from $134.00 to $153.00 and gave the company a “hold” rating in a research note on Thursday, August 6th. Mizuho set a $157.00 target price on EOG Resources and gave the stock a “neutral” rating in a research report on Wednesday, May 27th. Roth Capital reiterated a “neutral” rating and set a $138.00 price target on shares of EOG Resources in a research note on Wednesday, August 5th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $151.00 price target (up from $127.00) on shares of EOG Resources in a report on Monday, August 24th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seventeen have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $157.04.

EOG Resources Trading Up 0.3%

EOG stock opened at $148.75 on Thursday. The business has a fifty day moving average price of $140.99 and a 200 day moving average price of $137.01. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.85 and a quick ratio of 1.68. EOG Resources, Inc. has a fifty-two week low of $101.59 and a fifty-two week high of $153.67. The stock has a market capitalization of $78.03 billion, a price-to-earnings ratio of 11.58, a P/E/G ratio of 0.55 and a beta of 0.26.

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

EOG Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 16th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, October 16th. EOG Resources’s payout ratio is currently 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.