QV Investors Inc. Reduces Stock Position in EOG Resources, Inc. $EOG

QV Investors Inc. lessened its holdings in EOG Resources, Inc. (NYSE:EOG) by 2.5% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 162,995 shares of the energy exploration company’s stock after selling 4,250 shares during the period. EOG Resources makes up approximately 1.6% of QV Investors Inc.’s holdings, making the stock its 21st biggest holding. QV Investors Inc.’s holdings in EOG Resources were worth $21,145,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of EOG Resources during the second quarter worth $5,905,587,000. State Street Corp grew its holdings in shares of EOG Resources by 0.3% in the fourth quarter. State Street Corp now owns 30,562,470 shares of the energy exploration company’s stock worth $3,209,365,000 after purchasing an additional 100,080 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in EOG Resources by 1.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 19,988,840 shares of the energy exploration company’s stock worth $2,099,028,000 after buying an additional 371,548 shares during the period. Geode Capital Management LLC increased its stake in EOG Resources by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 13,046,709 shares of the energy exploration company’s stock worth $1,364,309,000 after buying an additional 95,260 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its holdings in EOG Resources by 1.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,507,760 shares of the energy exploration company’s stock valued at $683,382,000 after buying an additional 122,112 shares in the last quarter. Hedge funds and other 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 EOG Resources stock in a transaction that occurred on 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 directly owned 242,451 shares of the company’s stock, valued at $36,876,797.10. This trade represents a 12.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.14% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on EOG shares. DA Davidson boosted their price objective on shares of EOG Resources from $148.00 to $153.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Sanford C. Bernstein decreased their price target 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. Truist Financial boosted their price target on EOG Resources from $134.00 to $153.00 and gave the company a “hold” rating in a report on Thursday, August 6th. Weiss Ratings reissued a “buy (b-)” rating on shares of EOG Resources in a research note on Friday, August 7th. Finally, Raymond James Financial restated a “strong-buy” rating and set a $183.00 price objective on shares of EOG Resources in a report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seventeen have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $156.33.

EOG Resources Stock Up 0.1%

NYSE:EOG opened at $143.53 on Monday. 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 1-year low of $101.59 and a 1-year high of $153.67. The company has a 50-day moving average of $140.20 and a 200 day moving average of $136.35. The firm has a market cap of $75.29 billion, a PE ratio of 11.17, a price-to-earnings-growth ratio of 0.53 and a beta of 0.25.

EOG Resources (NYSE:EOG) last posted its earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 EPS for the quarter, beating analysts’ consensus estimates of $4.97 by $0.10. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The business had revenue of $8.62 billion for the quarter, compared to the consensus estimate of $8.04 billion. During the same quarter last year, the firm posted $2.32 EPS. The company’s revenue for the quarter was up 57.4% on a year-over-year basis. As a group, research analysts anticipate that EOG Resources, Inc. will post 16.87 EPS for the current fiscal 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 paid a dividend of $1.02 per share. The ex-dividend date is Friday, October 16th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.8%. EOG Resources’s dividend payout ratio (DPR) is currently 31.75%.

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.