1832 Asset Management L.P. Has $15.71 Million Holdings in EOG Resources, Inc. $EOG

Key Points

• 1832 Asset Management L.P. increased its stake in EOG Resources by 7.5%, owning 122,468 shares valued at approximately $15.71 million.
• EOG Resources recently increased its quarterly dividend to $1.02 per share, up from $0.98, representing an annualized dividend of $4.08 with a yield of 3.4%.
• The latest earnings report showed EOG Resources beat estimates with an EPS of $2.32 and revenue of $5.48 billion, although quarterly revenue was down 9.1% year-over-year.

1832 Asset Management L.P. raised its stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 7.5% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 122,468 shares of the energy exploration company's stock after purchasing an additional 8,556 shares during the period. 1832 Asset Management L.P.'s holdings in EOG Resources were worth $15,705,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Banque Cantonale Vaudoise bought a new position in shares of EOG Resources during the first quarter valued at about $26,000. Alpine Bank Wealth Management purchased a new stake in EOG Resources in the 1st quarter valued at about $34,000. Ameriflex Group Inc. bought a new position in shares of EOG Resources during the 4th quarter worth approximately $36,000. 10Elms LLP purchased a new position in shares of EOG Resources in the 4th quarter worth approximately $44,000. Finally, Stone House Investment Management LLC bought a new position in shares of EOG Resources in the first quarter valued at approximately $48,000. Institutional investors own 89.91% of the company's stock.

Insider Activity at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 3,951 shares of EOG Resources stock in a transaction on Monday, June 30th. The stock was sold at an average price of $119.65, for a total value of $472,737.15. Following the completion of the transaction, the chief operating officer directly owned 45,739 shares in the company, valued at approximately $5,472,671.35. The trade was a 7.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is owned by insiders.

EOG Resources Price Performance

NYSE EOG opened at $120.9050 on Friday. The company has a quick ratio of 1.61, a current ratio of 1.79 and a debt-to-equity ratio of 0.12. The company has a market cap of $66.01 billion, a PE ratio of 11.75, a price-to-earnings-growth ratio of 9.25 and a beta of 0.80. EOG Resources, Inc. has a 52 week low of $102.52 and a 52 week high of $138.18. The firm's 50-day simple moving average is $120.18 and its two-hundred day simple moving average is $119.09.

EOG Resources (NYSE:EOG - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.14 by $0.18. The company had revenue of $5.48 billion for the quarter, compared to analyst estimates of $5.45 billion. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The company's quarterly revenue was down 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.16 earnings per share. Research analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 17th will be given a dividend of $1.02 per share. This is an increase from EOG Resources's previous quarterly dividend of $0.98. This represents a $4.08 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Friday, October 17th. EOG Resources's dividend payout ratio (DPR) is currently 37.90%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Jefferies Financial Group reiterated a "buy" rating and set a $148.00 price target (up from $144.00) on shares of EOG Resources in a report on Friday, June 13th. Barclays boosted their price target on shares of EOG Resources from $137.00 to $140.00 and gave the stock an "equal weight" rating in a report on Monday, June 2nd. Piper Sandler reduced their price target on shares of EOG Resources from $138.00 to $136.00 and set a "neutral" rating for the company in a research report on Thursday, July 17th. Royal Bank Of Canada lowered their price objective on shares of EOG Resources from $145.00 to $140.00 and set an "outperform" rating on the stock in a research report on Tuesday, July 8th. Finally, Stephens started coverage on shares of EOG Resources in a research report on Tuesday, June 17th. They set an "equal weight" rating and a $137.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $143.61.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.