Livforsakringsbolaget Skandia Omsesidigt Takes Position in EOG Resources, Inc. $EOG

Key Points

• Livforsakringsbolaget Skandia Omsesidigt acquired 30,581 EOG Resources shares worth approximately $3.97 million during the second quarter. Institutional investors collectively own 89.91% of EOG’s stock.
• EOG reported quarterly EPS of $5.07, exceeding estimates of $4.97, while revenue rose 57.4% year over year to $8.62 billion. The company declared a quarterly dividend of $1.02, equivalent to a 2.8% annualized yield.
• CEO Ezra Y. Yacob sold 35,942 shares at an average price of $152.10, reducing his direct holdings by 12.91%. Analysts’ consensus rating is Hold, with an average price target of $156.33.

Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 30,581 shares of the energy exploration company's stock, valued at approximately $3,966,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Summitry LLC raised its stake in EOG Resources by 1.5% during the 1st quarter. Summitry LLC now owns 4,832 shares of the energy exploration company's stock valued at $699,000 after buying an additional 73 shares during the last quarter. Twin Capital Management Inc. boosted its stake in shares of EOG Resources by 0.3% in the 1st quarter. Twin Capital Management Inc. now owns 23,980 shares of the energy exploration company's stock worth $3,467,000 after buying an additional 79 shares during the last quarter. Sax Wealth Advisors LLC grew its holdings in shares of EOG Resources by 2.8% in the second quarter. Sax Wealth Advisors LLC now owns 2,907 shares of the energy exploration company's stock worth $377,000 after acquiring an additional 79 shares during the period. Paladin Wealth LLC grew its holdings in shares of EOG Resources by 5.3% in the second quarter. Paladin Wealth LLC now owns 1,593 shares of the energy exploration company's stock worth $207,000 after acquiring an additional 80 shares during the period. Finally, Hardy Reed LLC increased its position in EOG Resources by 3.8% during the first quarter. Hardy Reed LLC now owns 2,251 shares of the energy exploration company's stock valued at $325,000 after acquiring an additional 82 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company's stock.

Insider Activity

In other news, CEO Ezra Y. Yacob sold 35,942 shares of the firm's stock in a transaction on 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 sale, the chief executive officer directly owned 242,451 shares in the company, valued at $36,876,797.10. This trade represents a 12.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.14% of the stock is currently owned by company insiders.

EOG Resources Stock Down 0.7%

EOG stock opened at $143.53 on Friday. EOG Resources, Inc. has a twelve month low of $101.59 and a twelve month high of $153.67. The company has a quick ratio of 1.68, a current ratio of 1.85 and a debt-to-equity ratio of 0.25. The stock has a market cap of $75.29 billion, a P/E ratio of 11.17, a PEG ratio of 0.54 and a beta of 0.25. The business's 50-day moving average price is $140.20 and its 200-day moving average price is $136.19.

EOG Resources (NYSE:EOG - Get Free Report) last released its earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.97 by $0.10. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The company had revenue of $8.62 billion during the quarter, compared to analyst estimates of $8.04 billion. During the same period in the prior year, the firm posted $2.32 EPS. The firm's quarterly revenue was up 57.4% compared to the same quarter last year. On average, equities research analysts forecast that EOG Resources, Inc. will post 16.87 EPS for the current year.

EOG Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 16th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Friday, October 16th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.8%. EOG Resources's dividend payout ratio is 31.75%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on EOG shares. Wells Fargo & Company reissued an "overweight" rating and issued a $193.00 target price (down from $196.00) on shares of EOG Resources in a research report on Thursday, August 13th. Freedom Capital lowered shares of EOG Resources from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 5th. Raymond James Financial reiterated a "strong-buy" rating and issued a $183.00 price objective on shares of EOG Resources in a research note on Monday, August 3rd. The Goldman Sachs Group restated a "neutral" rating and set a $151.00 target price (up from $127.00) on shares of EOG Resources in a research report on Monday. Finally, JPMorgan Chase & Co. reduced their target price on shares of EOG Resources from $148.00 to $142.00 and set a "neutral" rating for the company in a report on Tuesday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seventeen have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $156.33.

About EOG Resources

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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