EOG Resources, Inc. $EOG Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in shares of EOG Resources, Inc. (NYSE:EOG) by 6.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,161,266 shares of the energy exploration company’s stock after selling 213,351 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in EOG Resources were worth $410,111,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Jupiter Topco LLC purchased a new stake in EOG Resources during the 2nd quarter worth approximately $138,987,000. Punch & Associates Investment Management Inc. purchased a new position in shares of EOG Resources during the 2nd quarter valued at approximately $11,746,000. Parvin Asset Management LLC acquired a new stake in shares of EOG Resources during the second quarter worth approximately $1,743,000. Ilmarinen Mutual Pension Insurance Co grew its holdings in EOG Resources by 39.2% during the 4th quarter. Ilmarinen Mutual Pension Insurance Co now owns 87,000 shares of the energy exploration company’s stock worth $9,136,000 after acquiring an additional 24,500 shares in the last quarter. Finally, Cumberland Partners Ltd increased its position in shares of EOG Resources by 432.0% in the 4th quarter. Cumberland Partners Ltd now owns 15,470 shares of the energy exploration company’s stock worth $1,625,000 after purchasing an additional 12,562 shares during the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at EOG Resources

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

EOG Resources Price Performance

Shares of NYSE:EOG opened at $143.53 on Monday. The company has a quick ratio of 1.68, a current ratio of 1.85 and a debt-to-equity ratio of 0.25. EOG Resources, Inc. has a fifty-two week low of $101.59 and a fifty-two week high of $153.67. The firm has a 50-day simple moving average of $140.20 and a 200 day simple moving average of $136.35. The company has a market cap of $75.29 billion, a PE ratio of 11.17, a P/E/G ratio of 0.53 and a beta of 0.25.

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

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 16th will be given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Friday, October 16th. EOG Resources’s dividend payout ratio is presently 31.75%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on EOG shares. JPMorgan Chase & Co. reduced their price target on shares of EOG Resources from $148.00 to $142.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 30th. Weiss Ratings restated a “buy (b-)” rating on shares of EOG Resources in a research note on Friday, August 7th. Susquehanna reiterated a “positive” rating and issued a $170.00 target price (up from $166.00) on shares of EOG Resources in a research report on Tuesday, July 21st. Truist Financial lifted their target price on EOG Resources from $134.00 to $153.00 and gave the stock a “hold” rating in a research report on Thursday, August 6th. Finally, Mizuho set a $157.00 price target on EOG Resources and gave the company a “neutral” rating in a report on Wednesday, May 27th. One 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 company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $156.33.

About EOG Resources

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.