IFM Investors Pty Ltd Has $13.82 Million Stake in EOG Resources, Inc. $EOG

Key Points

• IFM Investors Pty Ltd has increased its stake in EOG Resources by 2.1%, acquiring an additional 2,382 shares, bringing its total holdings to 115,513 shares valued at approximately $13.8 million.
• Major institutional investors, including Vanguard Group and Charles Schwab Investment Management, have also boosted their positions in EOG Resources during the first quarter, indicating strong institutional interest.
• EOG Resources reported better-than-expected earnings of $2.32 per share for the latest quarter, surpassing analysts' estimates, despite experiencing a 9.1% decline in revenue year-over-year.

IFM Investors Pty Ltd boosted its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 2.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,513 shares of the energy exploration company's stock after purchasing an additional 2,382 shares during the period. IFM Investors Pty Ltd's holdings in EOG Resources were worth $13,817,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Banque Cantonale Vaudoise acquired a new stake in EOG Resources in the 1st quarter valued at about $26,000. Saudi Central Bank acquired a new stake in shares of EOG Resources during the 1st quarter worth approximately $28,000. Alpine Bank Wealth Management acquired a new stake in shares of EOG Resources during the 1st quarter worth approximately $34,000. Ameriflex Group Inc. acquired a new stake in shares of EOG Resources during the 4th quarter worth approximately $36,000. Finally, WPG Advisers LLC acquired a new stake in EOG Resources during the 1st quarter worth $36,000. 89.91% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, COO Jeffrey R. Leitzell sold 3,951 shares of the company's stock in a transaction on Monday, June 30th. The shares were 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 of the company's stock, valued at approximately $5,472,671.35. This represents a 7.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.13% of the company's stock.

EOG Resources Stock Down 0.4%

Shares of EOG traded down $0.48 on Monday, hitting $115.52. The company's stock had a trading volume of 1,935,592 shares, compared to its average volume of 3,487,668. 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 firm's fifty day moving average price is $119.43 and its 200-day moving average price is $117.86. EOG Resources, Inc. has a fifty-two week low of $102.52 and a fifty-two week high of $138.18. The firm has a market capitalization of $63.07 billion, a price-to-earnings ratio of 11.23, a P/E/G ratio of 8.92 and a beta of 0.85.

EOG Resources (NYSE:EOG - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $5.48 billion during the quarter, compared to analyst estimates of $5.45 billion. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.EOG Resources's quarterly revenue was down 9.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.16 EPS. On average, equities research analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current year.

Analyst Ratings Changes

A number of analysts have commented on the stock. Stephens started coverage on shares of EOG Resources in a report on Tuesday, June 17th. They set an "equal weight" rating and a $137.00 target price for the company. Wells Fargo & Company reaffirmed an "overweight" rating on shares of EOG Resources in a research note on Sunday, June 22nd. Roth Capital lowered EOG Resources from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $140.00 to $134.00 in a research report on Wednesday, July 9th. Morgan Stanley set a $135.00 target price on EOG Resources and gave the stock an "equal weight" rating in a research report on Monday, June 2nd. Finally, Piper Sandler decreased their price objective on shares of EOG Resources from $138.00 to $136.00 and set a "neutral" rating for the company in a report on Thursday, July 17th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat.com, EOG Resources has a consensus rating of "Moderate Buy" and an average target price of $143.48.

EOG Resources Profile

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.