Caitlin John LLC Makes New Investment in EOG Resources, Inc. $EOG

Caitlin John LLC acquired a new stake in shares of EOG Resources, Inc. (NYSE:EOG) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 6,637 shares of the energy exploration company’s stock, valued at approximately $861,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Equitable Holdings Inc. acquired a new stake in shares of EOG Resources in the 2nd quarter worth about $2,346,000. Coastal Bridge Advisors LLC purchased a new stake in EOG Resources in the 2nd quarter valued at about $677,000. Public Employees Retirement System of Ohio bought a new position in shares of EOG Resources during the 2nd quarter worth approximately $30,460,000. MASTERINVEST Kapitalanlage GmbH purchased a new position in shares of EOG Resources in the 2nd quarter worth approximately $415,000. Finally, Redwood Investment Management LLC bought a new position in shares of EOG Resources in the second quarter valued at approximately $816,000. 89.91% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on EOG. Capital One Financial lowered EOG Resources from an “overweight” rating to an “equal weight” rating and set a $153.00 price target on the stock. in a report on Wednesday. The Goldman Sachs Group reiterated a “neutral” rating and set a $151.00 target price (up from $127.00) on shares of EOG Resources in a research note on Monday. Freedom Capital downgraded shares of EOG Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 5th. Zacks Research downgraded shares of EOG Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 27th. Finally, Barclays set a $147.00 price objective on shares of EOG Resources and gave the stock an “equal weight” rating in a research report on Monday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seventeen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $156.33.

EOG Resources Stock Down 0.2%

Shares of NYSE EOG opened at $144.51 on Friday. 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. The business’s fifty day moving average price is $139.93 and its 200-day moving average price is $136.14. The stock has a market capitalization of $75.80 billion, a PE ratio of 11.25, a P/E/G ratio of 0.54 and a beta of 0.25.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share for the quarter, topping the consensus estimate of $4.97 by $0.10. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%.The company had revenue of $8.62 billion during the quarter, compared to the consensus estimate of $8.04 billion. During the same quarter in the prior year, the company earned $2.32 EPS. The firm’s quarterly revenue was up 57.4% compared to the same quarter last year. On average, equities research analysts anticipate that EOG Resources, Inc. will post 16.87 EPS for the current year.

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, October 16th. This represents a $4.08 annualized dividend and a yield of 2.8%. EOG Resources’s dividend payout ratio is 31.75%.

Insiders Place Their Bets

In other EOG Resources news, CEO Ezra Y. Yacob sold 35,942 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 242,451 shares in the company, 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 document filed with the Securities & Exchange Commission, which is available through this link. 0.14% of the stock is owned by corporate 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.