Amundi Has $293.63 Million Stock Position in EOG Resources, Inc. $EOG

Amundi lowered its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 2.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,263,418 shares of the energy exploration company's stock after selling 54,009 shares during the quarter. Amundi owned approximately 0.43% of EOG Resources worth $293,633,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Sivia Capital Partners LLC acquired a new stake in shares of EOG Resources in the 2nd quarter valued at $258,000. Quantbot Technologies LP bought a new position in EOG Resources during the second quarter valued at about $349,000. Gamco Investors INC. ET AL lifted its position in shares of EOG Resources by 216.1% in the second quarter. Gamco Investors INC. ET AL now owns 6,560 shares of the energy exploration company's stock worth $785,000 after buying an additional 4,485 shares during the last quarter. NewEdge Advisors LLC lifted its position in shares of EOG Resources by 2.0% in the second quarter. NewEdge Advisors LLC now owns 22,780 shares of the energy exploration company's stock worth $2,725,000 after buying an additional 444 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in shares of EOG Resources by 4.4% during the 2nd quarter. Sei Investments Co. now owns 362,446 shares of the energy exploration company's stock worth $43,356,000 after acquiring an additional 15,250 shares in the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on EOG. Wells Fargo & Company reissued an "overweight" rating and set a $193.00 price objective (down from $196.00) on shares of EOG Resources in a report on Thursday, August 13th. Seaport Research Partners began coverage on EOG Resources in a research report on Thursday, September 3rd. They set a "neutral" rating for the company. The Goldman Sachs Group reiterated a "neutral" rating and set a $151.00 price target (up from $127.00) on shares of EOG Resources in a report on Monday, August 24th. Barclays set a $147.00 price target on shares of EOG Resources and gave the company an "equal weight" rating in a research report on Monday, August 17th. Finally, Citigroup restated a "neutral" rating and issued a $150.00 price objective (up from $141.00) on shares of EOG Resources in a research note on Thursday, August 27th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seventeen have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $157.04.

EOG Resources Price Performance

Shares of EOG stock opened at $145.11 on Tuesday. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $153.67. The company has a market capitalization of $76.11 billion, a P/E ratio of 11.29, a P/E/G ratio of 0.54 and a beta of 0.26. The stock has a 50 day moving average of $141.75 and a two-hundred day moving average of $137.53. The company has a current ratio of 1.85, a quick ratio of 1.68 and a debt-to-equity ratio of 0.25.

EOG Resources (NYSE:EOG - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.97 by $0.10. The business had revenue of $8.62 billion for the quarter, compared to analysts' expectations of $8.04 billion. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%.EOG Resources's quarterly revenue was up 57.4% on a year-over-year basis. During the same period in the previous year, the business posted $2.32 earnings per share. As a group, equities analysts expect that EOG Resources, Inc. will post 16.89 EPS for the current year.

EOG Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be paid 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 payout ratio is currently 31.75%.

Insider Transactions at EOG Resources

In other news, CEO Ezra Yacob sold 35,942 shares of the firm's 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 directly owned 242,451 shares of the company's stock, valued at approximately $36,876,797.10. This trade represents a 12.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.14% of the stock is 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.

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