Russell Investments Group Ltd. lifted its stake in shares of EOG Resources, Inc. (NYSE:EOG – Get Rating) by 23.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 359,218 shares of the energy exploration company’s stock after purchasing an additional 68,282 shares during the quarter. Russell Investments Group Ltd. owned about 0.06% of EOG Resources worth $40,172,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of EOG. Charles Schwab Investment Management Inc. raised its position in EOG Resources by 196.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 9,859,925 shares of the energy exploration company’s stock worth $1,175,599,000 after acquiring an additional 6,529,464 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in EOG Resources by 38.5% in the second quarter. Price T Rowe Associates Inc. MD now owns 15,425,915 shares of the energy exploration company’s stock worth $1,703,638,000 after acquiring an additional 4,291,887 shares in the last quarter. FMR LLC raised its position in EOG Resources by 22.8% in the second quarter. FMR LLC now owns 18,286,986 shares of the energy exploration company’s stock worth $2,019,614,000 after acquiring an additional 3,399,315 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in EOG Resources by 802.0% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,307,749 shares of the energy exploration company’s stock worth $275,153,000 after acquiring an additional 2,051,889 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in EOG Resources by 25.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 7,944,716 shares of the energy exploration company’s stock worth $877,414,000 after acquiring an additional 1,591,147 shares in the last quarter. 87.40% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In related news, Director Michael T. Kerr bought 20,000 shares of EOG Resources stock in a transaction that occurred on Thursday, January 12th. The stock was purchased at an average cost of $130.49 per share, for a total transaction of $2,609,800.00. Following the acquisition, the director now owns 170,000 shares in the company, valued at $22,183,300. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, COO Lloyd W. Helms, Jr. sold 2,720 shares of the company’s stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $146.08, for a total transaction of $397,337.60. Following the completion of the transaction, the chief operating officer now directly owns 156,368 shares in the company, valued at $22,842,237.44. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Michael T. Kerr purchased 20,000 shares of the business’s stock in a transaction dated Thursday, January 12th. The shares were acquired at an average price of $130.49 per share, with a total value of $2,609,800.00. Following the completion of the acquisition, the director now owns 170,000 shares of the company’s stock, valued at $22,183,300. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 10,170 shares of company stock worth $1,459,657. 0.40% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
EOG Resources Stock Down 1.1 %
EOG opened at $132.76 on Wednesday. The business has a 50 day moving average price of $131.67 and a 200 day moving average price of $124.08. EOG Resources, Inc. has a twelve month low of $92.16 and a twelve month high of $150.88. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.62 and a current ratio of 1.78. The firm has a market cap of $77.98 billion, a P/E ratio of 10.43, a price-to-earnings-growth ratio of 0.34 and a beta of 1.53.
EOG Resources (NYSE:EOG – Get Rating) last posted its earnings results on Thursday, November 3rd. The energy exploration company reported $3.71 earnings per share for the quarter, missing the consensus estimate of $3.75 by ($0.04). EOG Resources had a return on equity of 35.36% and a net margin of 29.84%. The company had revenue of $7.59 billion during the quarter, compared to analyst estimates of $7.19 billion. Research analysts forecast that EOG Resources, Inc. will post 13.81 EPS for the current year.
EOG Resources Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Tuesday, January 17th will be issued a $0.825 dividend. This is a positive change from EOG Resources’s previous quarterly dividend of $0.75. This represents a $3.30 annualized dividend and a yield of 2.49%. The ex-dividend date is Friday, January 13th. EOG Resources’s payout ratio is 25.92%.
EOG Resources Company Profile
EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, and natural gas and natural gas liquids. Its principal producing areas are in New Mexico and Texas in the United States; and the Republic of Trinidad and Tobago. As of December 31, 2021, it had total estimated net proved reserves of 3,747 million barrels of oil equivalent, including 1,548 million barrels (MMBbl) of crude oil and condensate reserves; 829 MMBbl of natural gas liquid reserves; and 8,222 billion cubic feet of natural gas reserves.
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