EOG Resources, Inc. (NYSE:EOG) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC grew its stake in EOG Resources, Inc. (NYSE:EOG) by 45.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,699 shares of the energy exploration company’s stock after purchasing an additional 2,090 shares during the quarter. GAMMA Investing LLC’s holdings in EOG Resources were worth $843,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of EOG. Sachetta LLC purchased a new stake in shares of EOG Resources in the 4th quarter valued at approximately $33,000. Norwood Financial Corp acquired a new position in shares of EOG Resources in the 1st quarter valued at $37,000. Keener Financial Planning LLC acquired a new position in shares of EOG Resources in the 4th quarter valued at $36,000. LifeSteps Financial Inc. purchased a new stake in EOG Resources in the 1st quarter valued at $38,000. Finally, GoalVest Advisory LLC raised its position in EOG Resources by 135.4% in the 1st quarter. GoalVest Advisory LLC now owns 306 shares of the energy exploration company’s stock valued at $39,000 after purchasing an additional 176 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Trading Up 0.6 %

Shares of EOG Resources stock traded up $0.76 on Monday, hitting $123.68. 3,143,577 shares of the company’s stock traded hands, compared to its average volume of 3,199,397. EOG Resources, Inc. has a one year low of $108.94 and a one year high of $139.67. 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 company has a fifty day moving average of $124.57 and a two-hundred day moving average of $123.78. The company has a market capitalization of $71.08 billion, a price-to-earnings ratio of 9.71, a price-to-earnings-growth ratio of 2.15 and a beta of 1.30.

EOG Resources (NYSE:EOG) last announced its earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.98 by $0.18. The company had revenue of $6.03 billion for the quarter, compared to analysts’ expectations of $6.07 billion. EOG Resources had a return on equity of 25.65% and a net margin of 30.33%. EOG Resources’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.49 earnings per share. As a group, sell-side analysts expect that EOG Resources, Inc. will post 12.13 earnings per share for the current 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 paid a dividend of $0.91 per share. The ex-dividend date is Thursday, October 17th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.94%. EOG Resources’s payout ratio is 28.75%.

Insider Buying and Selling

In other EOG Resources news, EVP Michael P. Donaldson sold 2,685 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $130.29, for a total transaction of $349,828.65. Following the completion of the transaction, the executive vice president now owns 109,040 shares of the company’s stock, valued at approximately $14,206,821.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other EOG Resources news, CEO Ezra Y. Yacob sold 4,729 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $129.31, for a total transaction of $611,506.99. Following the sale, the chief executive officer now directly owns 150,474 shares of the company’s stock, valued at $19,457,792.94. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Michael P. Donaldson sold 2,685 shares of EOG Resources stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $130.29, for a total value of $349,828.65. Following the completion of the transaction, the executive vice president now owns 109,040 shares of the company’s stock, valued at approximately $14,206,821.60. The disclosure for this sale can be found here. Insiders sold a total of 16,512 shares of company stock worth $2,144,972 over the last ninety days. 0.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Sanford C. Bernstein cut their price objective on shares of EOG Resources from $139.00 to $125.00 and set a “market perform” rating for the company in a research report on Wednesday, July 17th. Wolfe Research initiated coverage on shares of EOG Resources in a report on Thursday, July 18th. They set a “peer perform” rating for the company. Mizuho raised their target price on shares of EOG Resources from $140.00 to $156.00 and gave the stock a “buy” rating in a research report on Monday, May 13th. Susquehanna lifted their price target on shares of EOG Resources from $155.00 to $159.00 and gave the company a “positive” rating in a research report on Monday. Finally, Benchmark reissued a “hold” rating on shares of EOG Resources in a research report on Tuesday, May 7th. Fifteen analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, EOG Resources currently has a consensus rating of “Hold” and a consensus price target of $143.40.

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.