Sustainable Insight Capital Management LLC Acquires New Position in EOG Resources, Inc. (NYSE:EOG)

Sustainable Insight Capital Management LLC bought a new position in EOG Resources, Inc. (NYSE:EOG) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,600 shares of the energy exploration company’s stock, valued at approximately $327,000.

Several other institutional investors also recently bought and sold shares of EOG. Riverview Trust Co acquired a new stake in shares of EOG Resources during the 2nd quarter worth $27,000. MFA Wealth Advisors LLC bought a new stake in shares of EOG Resources in the second quarter worth $28,000. Gladius Capital Management LP bought a new position in shares of EOG Resources during the second quarter valued at approximately $30,000. Sachetta LLC acquired a new position in EOG Resources during the 4th quarter valued at approximately $33,000. Finally, Triad Wealth Partners LLC bought a new position in shares of EOG Resources during the second quarter worth about $35,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EOG has been the topic of several recent analyst reports. Scotiabank dropped their target price on EOG Resources from $155.00 to $150.00 and set a “sector perform” rating on the stock in a report on Friday, July 12th. Susquehanna decreased their target price on shares of EOG Resources from $159.00 to $158.00 and set a “positive” rating for the company in a report on Wednesday. StockNews.com upgraded shares of EOG Resources from a “hold” rating to a “buy” rating in a report on Monday, August 5th. Bank of America reiterated a “buy” rating and set a $151.00 price objective on shares of EOG Resources in a research report on Friday, June 14th. Finally, KeyCorp began coverage on EOG Resources in a report on Thursday, June 27th. They issued an “overweight” rating and a $157.00 target price for the company. Thirteen investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, EOG Resources presently has a consensus rating of “Hold” and a consensus target price of $143.95.

Insider Transactions at EOG Resources

In related news, EVP Michael P. Donaldson sold 11,037 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the transaction, the executive vice president now directly owns 74,250 shares in the company, valued at $9,615,375. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Michael P. Donaldson sold 11,037 shares of EOG Resources stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the sale, the executive vice president now directly owns 74,250 shares in the company, valued at approximately $9,615,375. The sale was disclosed in a document filed with the SEC, which is available 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 completion of the transaction, the director now directly owns 60,892 shares of the company’s stock, valued at approximately $7,648,035.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,537 shares of company stock worth $2,751,612. 0.30% of the stock is currently owned by company insiders.

EOG Resources Price Performance

Shares of EOG Resources stock opened at $120.35 on Friday. The company has a current ratio of 2.12, a quick ratio of 1.89 and a debt-to-equity ratio of 0.11. The firm has a fifty day simple moving average of $126.66 and a 200-day simple moving average of $125.99. The stock has a market capitalization of $69.17 billion, a price-to-earnings ratio of 9.51, a PEG ratio of 3.22 and a beta of 1.30. EOG Resources, Inc. has a 1-year low of $108.94 and a 1-year high of $139.67.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Thursday, August 1st. The energy exploration company reported $3.16 EPS for the quarter, topping the consensus estimate of $2.98 by $0.18. EOG Resources had a return on equity of 25.42% and a net margin of 30.33%. The company had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $6.07 billion. During the same period in the previous year, the business posted $2.49 EPS. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, sell-side analysts expect that EOG Resources, Inc. will post 12.2 earnings per share for the current year.

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be given a $0.91 dividend. The ex-dividend date is Thursday, October 17th. This represents a $3.64 annualized dividend and a yield of 3.02%. EOG Resources’s dividend payout ratio is 28.75%.

About EOG Resources

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.