Quantitative Investment Management LLC Purchases Shares of 11,042 EOG Resources, Inc. $EOG

Quantitative Investment Management LLC acquired a new position in shares of EOG Resources, Inc. (NYSE:EOG) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 11,042 shares of the energy exploration company’s stock, valued at approximately $1,432,000.

Several other institutional investors and hedge funds have also recently modified their holdings of EOG. BlackRock Inc. bought a new stake in shares of EOG Resources in the second quarter valued at $5,905,587,000. Bank of New York Mellon Corp bought a new position in EOG Resources in the 2nd quarter worth approximately $654,899,000. Bank of America Corp DE purchased a new position in EOG Resources in the 2nd quarter valued at approximately $551,321,000. Deutsche Bank AG purchased a new position in EOG Resources in the 2nd quarter valued at approximately $251,102,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in EOG Resources during the 2nd quarter valued at $168,029,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EOG has been the subject of a number of analyst reports. Truist Financial raised their price target on EOG Resources from $134.00 to $153.00 and gave the stock a “hold” rating in a report on Thursday, August 6th. Capital One Financial downgraded EOG Resources from an “overweight” rating to an “equal weight” rating and set a $153.00 target price for the company. in a research note on Wednesday, August 26th. Jefferies Financial Group reissued a “buy” rating and issued a $175.00 price target (up from $170.00) on shares of EOG Resources in a report on Thursday, July 2nd. Zacks Research lowered shares of EOG Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 27th. Finally, Sanford C. Bernstein cut 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 report on Wednesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seventeen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $156.33.

EOG Resources Price Performance

EOG stock opened at $145.05 on Tuesday. The firm has a 50 day simple moving average of $140.45 and a two-hundred day simple moving average of $136.58. The stock has a market cap of $76.08 billion, a PE ratio of 11.29, a P/E/G ratio of 0.53 and a beta of 0.25. EOG Resources, Inc. has a one year low of $101.59 and a one year high of $153.67. 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 (NYSE:EOG) last posted its quarterly earnings data on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share (EPS) for the quarter, topping 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 company had revenue of $8.62 billion during the quarter, compared to the consensus estimate of $8.04 billion. During the same period in the previous year, the firm posted $2.32 EPS. The firm’s revenue was up 57.4% compared to the same quarter last year. On average, analysts predict that EOG Resources, Inc. will post 16.87 EPS for the current fiscal year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be given 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 yield of 2.8%. EOG Resources’s dividend payout ratio (DPR) is presently 31.75%.

Insider Transactions at EOG Resources

In other news, CEO Ezra Y. Yacob sold 35,942 shares of the company’s stock in a transaction dated 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. This represents a 12.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.14% of the stock is currently owned by company insiders.

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.