179,000 Shares of EOG Resources, Inc. $EOG Purchased by Jefferies Financial Group Inc.

Key Points

• Jefferies Financial Group acquired 179,000 EOG Resources shares in the third quarter, valued at approximately $24.7 million. Institutional investors collectively own about 89.9% of the company’s stock.
• EOG reported quarterly earnings of $4.87 per share, beating estimates of $4.45, while revenue rose 46.2% year over year to $8.55 billion.
• The company raised its quarterly dividend from $1.02 to $1.10 per share, equivalent to an annualized yield of about 2.9%. Analysts’ consensus rating was “Hold,” with an average price target of $162.32.

Jefferies Financial Group Inc. purchased a new stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 179,000 shares of the energy exploration company's stock, valued at approximately $24,659,000.

Other large investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in EOG Resources in the second quarter worth about $5,905,587,000. Dimensional Fund Advisors LP boosted its position in shares of EOG Resources by 0.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,865,073 shares of the energy exploration company's stock worth $848,228,000 after purchasing an additional 54,091 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of EOG Resources by 5.5% in the 1st quarter. Bank of New York Mellon Corp now owns 4,928,984 shares of the energy exploration company's stock worth $712,583,000 after purchasing an additional 259,015 shares in the last quarter. Bank of America Corp DE bought a new stake in shares of EOG Resources in the 2nd quarter worth approximately $551,321,000. Finally, First Trust Advisors LP grew its stake in shares of EOG Resources by 15.7% in the 1st quarter. First Trust Advisors LP now owns 3,446,002 shares of the energy exploration company's stock worth $498,189,000 after buying an additional 468,090 shares during the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

EOG Resources Trading Up 1.5%

Shares of NYSE EOG opened at $153.81 on Thursday. The firm's 50 day moving average price is $149.66 and its 200-day moving average price is $138.48. The company has a market cap of $79.75 billion, a PE ratio of 9.94, a P/E/G ratio of 0.53 and a beta of 0.27. EOG Resources, Inc. has a 52-week low of $101.59 and a 52-week high of $165.93. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.74 and a current ratio of 1.90.

EOG Resources (NYSE:EOG - Get Free Report) last announced its quarterly earnings results on Thursday, November 5th. The energy exploration company reported $4.87 earnings per share for the quarter, beating the consensus estimate of $4.45 by $0.42. EOG Resources had a net margin of 27.54% and a return on equity of 26.32%. The company had revenue of $8.55 billion during the quarter, compared to the consensus estimate of $7.26 billion. During the same quarter last year, the firm earned $2.71 earnings per share. The firm's quarterly revenue was up 46.2% compared to the same quarter last year. On average, equities research analysts expect that EOG Resources, Inc. will post 17.82 EPS for the current fiscal year.

EOG Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 29th. Investors of record on Friday, January 15th will be given a $1.10 dividend. This is a boost from EOG Resources's previous quarterly dividend of $1.02. The ex-dividend date of this dividend is Friday, January 15th. This represents a $4.40 annualized dividend and a yield of 2.9%. EOG Resources's payout ratio is currently 26.36%.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, EVP Michael P. Donaldson sold 7,336 shares of EOG Resources stock in a transaction on Friday, September 11th. The stock was sold at an average price of $148.00, for a total value of $1,085,728.00. Following the completion of the sale, the executive vice president owned 100,558 shares of the company's stock, valued at approximately $14,882,584. This trade represents a 6.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ezra Y. Yacob sold 35,942 shares of the business's stock in a transaction on 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 owned 242,451 shares of the company's stock, valued at $36,876,797.10. This represents a 12.91% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 52,317 shares of company stock worth $7,823,480. Insiders own 0.14% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Wells Fargo & Company reaffirmed an "overweight" rating and set a $193.00 price objective (down from $196.00) on shares of EOG Resources in a research report on Thursday, August 13th. Barclays boosted their target price on EOG Resources from $147.00 to $155.00 and gave the stock an "equal weight" rating in a report on Friday, November 6th. Morgan Stanley increased their target price on EOG Resources from $157.00 to $163.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 15th. Stifel Nicolaus began coverage on EOG Resources in a research note on Thursday, September 10th. They issued a "hold" rating and a $158.00 target price on the stock. Finally, Scotiabank began coverage on EOG Resources in a report on Wednesday, October 14th. They set a "sector perform" rating and a $144.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and seventeen have given a Hold rating to the company's stock. Based on data from MarketBeat, EOG Resources has a consensus rating of "Hold" and an average price target of $162.32.

EOG Resources Profile

EOG Resources is an independent energy company focused on exploring for, developing and producing crude oil, natural gas and natural gas liquids. Its operations include drilling and managing wells, with a focus on resources in shale and other tight-rock formations. The company's activities are concentrated in the United States, including major producing regions such as the Permian Basin and Eagle Ford. EOG also has international operations, including in Trinidad and Tobago and the United Arab Emirates.

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