EOG Resources, Inc. (NYSE:EOG) Shares Acquired by Breakwater Capital Group

Breakwater Capital Group increased its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 6.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,177 shares of the energy exploration company’s stock after acquiring an additional 134 shares during the period. Breakwater Capital Group’s holdings in EOG Resources were worth $274,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. MUFG Securities EMEA plc purchased a new position in shares of EOG Resources during the 4th quarter valued at approximately $5,443,000. Dai ichi Life Insurance Company Ltd raised its position in shares of EOG Resources by 15.3% in the fourth quarter. Dai ichi Life Insurance Company Ltd now owns 46,468 shares of the energy exploration company’s stock worth $5,620,000 after acquiring an additional 6,154 shares during the period. Artisan Partners Limited Partnership boosted its stake in shares of EOG Resources by 2.3% during the 4th quarter. Artisan Partners Limited Partnership now owns 991,055 shares of the energy exploration company’s stock worth $119,868,000 after acquiring an additional 22,638 shares in the last quarter. Johnson Investment Counsel Inc. grew its position in shares of EOG Resources by 4.7% during the 4th quarter. Johnson Investment Counsel Inc. now owns 6,162 shares of the energy exploration company’s stock valued at $745,000 after acquiring an additional 275 shares during the period. Finally, DRW Securities LLC increased its stake in shares of EOG Resources by 871.7% in the 4th quarter. DRW Securities LLC now owns 20,891 shares of the energy exploration company’s stock valued at $2,527,000 after purchasing an additional 18,741 shares in the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EOG has been the topic of several research analyst reports. Piper Sandler dropped their price objective on EOG Resources from $154.00 to $147.00 and set an “overweight” rating on the stock in a report on Thursday, August 15th. Royal Bank of Canada reissued a “sector perform” rating and issued a $147.00 price target on shares of EOG Resources in a report on Wednesday, July 10th. Scotiabank decreased their price objective on shares of EOG Resources from $155.00 to $150.00 and set a “sector perform” rating on the stock in a report on Friday, July 12th. KeyCorp started coverage on shares of EOG Resources in a research note on Thursday, June 27th. They set an “overweight” rating and a $157.00 target price for the company. Finally, Wolfe Research began coverage on shares of EOG Resources in a research report on Thursday, July 18th. They set a “peer perform” rating for the company. Thirteen equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, EOG Resources has an average rating of “Hold” and an average target price of $144.15.

EOG Resources Trading Up 0.1 %

EOG traded up $0.16 during trading hours on Wednesday, reaching $128.72. The company’s stock had a trading volume of 1,720,115 shares, compared to its average volume of 3,138,748. The business’s 50-day moving average is $126.36 and its 200-day moving average is $125.46. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.32 and a quick ratio of 2.05. The stock has a market cap of $73.98 billion, a PE ratio of 10.17, a P/E/G ratio of 2.15 and a beta of 1.30. EOG Resources, Inc. has a fifty-two week low of $108.94 and a fifty-two week high of $139.67.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.98 by $0.18. The firm had revenue of $6.03 billion during the quarter, compared to the consensus estimate of $6.07 billion. EOG Resources had a return on equity of 25.65% and a net margin of 30.33%. The company’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the company earned $2.49 EPS. As a group, equities research analysts predict that EOG Resources, Inc. will post 12.13 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 17th will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.83%. EOG Resources’s payout ratio is currently 28.75%.

Insider Buying and Selling

In other EOG Resources news, EVP Michael P. Donaldson sold 11,037 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $129.50, for a total value of $1,429,291.50. Following the sale, the executive vice president now owns 74,250 shares of the company’s stock, valued at $9,615,375. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other EOG Resources news, EVP Michael P. Donaldson sold 11,037 shares of EOG Resources stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $129.50, for a total value of $1,429,291.50. Following the completion of the transaction, the executive vice president now directly owns 74,250 shares of the company’s stock, valued at approximately $9,615,375. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Charles R. Crisp sold 6,500 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total transaction of $816,400.00. Following the sale, the director now directly owns 60,892 shares in the company, valued at approximately $7,648,035.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,537 shares of company stock valued at $2,751,612. Company insiders own 0.30% of the company’s stock.

EOG Resources Company Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.