3,276 Shares of EOG Resources, Inc. $EOG Acquired by USA Financial Formulas

USA Financial Formulas acquired a new stake in shares of EOG Resources, Inc. (NYSE:EOG) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,276 shares of the energy exploration company’s stock, valued at approximately $451,000.

A number of other large investors also recently modified their holdings of EOG. BlackRock Inc. bought a new stake in EOG Resources in the 2nd quarter worth approximately $5,905,587,000. Dimensional Fund Advisors LP boosted its stake in EOG Resources by 0.9% in the first quarter. Dimensional Fund Advisors LP now owns 5,865,073 shares of the energy exploration company’s stock worth $848,228,000 after buying an additional 54,091 shares in the last quarter. Bank of New York Mellon Corp bought a new position in EOG Resources during the second quarter valued at approximately $654,899,000. Bank of America Corp DE bought a new position in EOG Resources during the second quarter valued at approximately $551,321,000. Finally, First Trust Advisors LP grew its position in EOG Resources by 15.7% during the first quarter. First Trust Advisors LP now owns 3,446,002 shares of the energy exploration company’s stock valued at $498,189,000 after acquiring an additional 468,090 shares during the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EOG has been the topic of several research reports. Mizuho set a $165.00 price target on shares of EOG Resources in a research note on Thursday. Citigroup reaffirmed a “neutral” rating and issued a $150.00 price objective (up from $141.00) on shares of EOG Resources in a research note on Thursday, August 27th. Susquehanna reaffirmed a “positive” rating and issued a $170.00 price objective (up from $166.00) on shares of EOG Resources in a research note on Tuesday, July 21st. Seaport Research Partners began coverage on shares of EOG Resources in a report on Thursday, September 3rd. They set a “neutral” rating on the stock. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $185.00 target price on shares of EOG Resources in a report on Saturday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eighteen have given a Hold rating to the company. According to data from MarketBeat, EOG Resources presently has an average rating of “Hold” and an average target price of $160.56.

Insider Transactions at EOG Resources

In other news, COO Jeffrey Leitzell sold 9,039 shares of the firm’s stock in a transaction that occurred on Friday, September 25th. The shares were sold at an average price of $140.61, for a total value of $1,270,973.79. Following the transaction, the chief operating officer owned 90,790 shares in the company, valued at approximately $12,765,981.90. This trade represents a 9.05% 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 hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ezra Yacob sold 35,942 shares of EOG Resources 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 completion of the transaction, the chief executive officer directly owned 242,451 shares in the company, valued at approximately $36,876,797.10. The trade was a 12.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 52,317 shares of company stock worth $7,823,480. Insiders own 0.14% of the company’s stock.

EOG Resources Trading Up 3.5%

NYSE EOG opened at $157.97 on Friday. The firm has a market cap of $82.86 billion, a PE ratio of 12.29, a price-to-earnings-growth ratio of 0.57 and a beta of 0.36. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $158.37. The stock has a 50-day moving average of $145.98 and a 200-day moving average of $140.29. The company has a current ratio of 1.85, a quick ratio of 1.68 and a debt-to-equity ratio of 0.25.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.97 by $0.10. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%. The business had revenue of $8.62 billion for the quarter, compared to analyst estimates of $8.04 billion. During the same period last year, the company earned $2.32 EPS. EOG Resources’s revenue for the quarter was up 57.4% compared to the same quarter last year. As a group, sell-side analysts forecast that EOG Resources, Inc. will post 17.48 EPS for the current year.

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 16th will be paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Friday, October 16th. EOG Resources’s dividend payout ratio is 31.75%.

EOG Resources Company Profile

EOG Resources, Inc is an independent exploration and production company engaged in finding, developing, producing and marketing crude oil, natural gas liquids and natural gas. Its operations focus on large, high-quality onshore and international assets, supported by technical expertise in horizontal drilling and hydraulic fracturing.

The company’s principal U.S. activities are concentrated in major shale and onshore plays, including the Delaware Basin, Eagle Ford and other producing regions in Texas and the Rocky Mountains.