Nykredit A S Acquires Shares of 81,526 EOG Resources, Inc. $EOG

Nykredit A S acquired a new stake in EOG Resources, Inc. (NYSE:EOG) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 81,526 shares of the energy exploration company’s stock, valued at approximately $10,576,000.

Other hedge funds have also modified their holdings of the company. MBA Advisors LLC boosted its stake in EOG Resources by 11.1% in the 2nd quarter. MBA Advisors LLC now owns 3,082 shares of the energy exploration company’s stock valued at $400,000 after buying an additional 308 shares in the last quarter. Cairn Investment Group Inc. lifted its holdings in shares of EOG Resources by 0.8% during the second quarter. Cairn Investment Group Inc. now owns 31,114 shares of the energy exploration company’s stock valued at $4,036,000 after acquiring an additional 233 shares during the period. Proficio Capital Partners LLC bought a new position in shares of EOG Resources during the second quarter valued at $291,000. Quantitative Investment Management LLC acquired a new stake in shares of EOG Resources in the 2nd quarter valued at $1,432,000. Finally, Two Sigma Securities LLC boosted its stake in shares of EOG Resources by 1,366.8% in the 2nd quarter. Two Sigma Securities LLC now owns 43,800 shares of the energy exploration company’s stock valued at $5,682,000 after purchasing an additional 40,814 shares in the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources Price Performance

Shares of EOG stock opened at $145.11 on Friday. EOG Resources, Inc. has a 12-month low of $101.59 and a 12-month high of $153.67. The firm has a market capitalization of $76.11 billion, a price-to-earnings ratio of 11.29, a price-to-earnings-growth ratio of 0.54 and a beta of 0.26. 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 firm has a fifty day moving average of $141.49 and a 200-day moving average of $137.24.

EOG Resources (NYSE:EOG) last posted its earnings results 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 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 analyst estimates of $8.04 billion. During the same period in the previous year, the company posted $2.32 earnings per share. The company’s revenue for the quarter was up 57.4% on a year-over-year basis. On average, equities research analysts forecast that EOG Resources, Inc. will post 16.89 earnings per share for the current year.

EOG Resources Announces Dividend

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

Insider Buying and Selling at EOG Resources

In related news, CEO Ezra Yacob sold 35,942 shares of the business’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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.14% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

EOG has been the subject of a number of research reports. Truist Financial raised 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. Wall Street Zen lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Seaport Research Partners initiated coverage on shares of EOG Resources in a research report on Thursday. They issued a “neutral” rating for the company. Barclays set a $147.00 target price on shares of EOG Resources and gave the stock an “equal weight” rating in a research note on Monday, August 17th. Finally, Mizuho set a $157.00 target price on shares of EOG Resources and gave the stock a “neutral” rating in a research report on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seventeen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $157.04.

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.