Nykredit A S Acquires Shares of 81,526 EOG Resources, Inc. $EOG

Key Points

• Nykredit A/S acquired 81,526 EOG Resources shares during the second quarter, valued at approximately $10.6 million. Institutional investors collectively own 89.91% of EOG’s outstanding stock.
• EOG reported quarterly adjusted earnings of $5.07 per share, exceeding estimates, while revenue rose 57.4% year over year to $8.62 billion. The company also declared a quarterly dividend of $1.02 per share, equating to a 2.8% annualized yield.
• Analyst sentiment remains mixed: EOG has a consensus “Hold” rating and an average price target of $158.11, while company insiders recently sold shares, including CEO Ezra Yacob’s $5.5 million transaction.

Nykredit A S 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 filing with the Securities & Exchange Commission. The firm acquired 81,526 shares of the energy exploration company's stock, valued at approximately $10,576,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. SJS Investment Consulting Inc. boosted its position in EOG Resources by 225.5% in the 1st quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company's stock valued at $26,000 after buying an additional 124 shares during the last quarter. Nemes Rush Group LLC acquired a new stake in shares of EOG Resources during the fourth quarter valued at about $30,000. Financial Life Planners purchased a new stake in shares of EOG Resources during the first quarter worth about $30,000. Wedbush Fund Advisers LLC purchased a new stake in shares of EOG Resources during the second quarter worth about $31,000. Finally, Global Assets Advisory LLC acquired a new position in shares of EOG Resources in the first quarter worth about $37,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other EOG Resources news, CEO Ezra Yacob sold 35,942 shares of the firm'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 sale, the chief executive officer directly owned 242,451 shares in the company, valued at approximately $36,876,797.10. This trade represents a 12.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Michael Donaldson sold 7,336 shares of the business's stock in a transaction on Friday, September 11th. The shares were sold at an average price of $148.00, for a total transaction of $1,085,728.00. Following the transaction, the executive vice president directly 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. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.14% of the company's stock.

EOG Resources Stock Performance

Shares of EOG stock opened at $144.13 on Monday. The company has a market cap of $75.60 billion, a P/E ratio of 11.22, a PEG ratio of 0.53 and a beta of 0.26. The business has a 50 day moving average of $144.46 and a two-hundred day moving average of $139.03. EOG Resources, Inc. has a 52 week low of $101.59 and a 52 week high of $154.16. The company has a quick ratio of 1.68, a current ratio of 1.85 and a debt-to-equity ratio of 0.25.

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

EOG Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be given a $1.02 dividend. The ex-dividend date of this dividend is Friday, October 16th. This represents a $4.08 annualized dividend and a yield of 2.8%. EOG Resources's dividend payout ratio (DPR) is currently 31.75%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on EOG. Raymond James Financial restated a "strong-buy" rating and set a $186.00 price objective (up from $183.00) on shares of EOG Resources in a research note on Thursday. Freedom Capital lowered EOG Resources from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 5th. Weiss Ratings upgraded EOG Resources from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday, September 8th. Jefferies Financial Group reiterated a "buy" rating and set a $175.00 target price (up from $170.00) on shares of EOG Resources in a research note on Thursday, July 2nd. Finally, Citigroup reissued a "neutral" rating and set a $150.00 price target (up from $141.00) on shares of EOG Resources in a research report on Thursday, August 27th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eighteen have assigned a Hold rating to the company. According to MarketBeat, EOG Resources has a consensus rating of "Hold" and an average target price of $158.11.

EOG Resources Company Profile

EOG Resources, Inc is an independent exploration and production company focused on finding, developing and producing crude oil, natural gas and natural gas liquids. Its operations are concentrated primarily in the United States, with a portfolio of onshore assets in several major producing regions.

The company's principal U.S. positions include the Delaware Basin and other areas of the Permian Basin, the Eagle Ford and Dorado plays in South Texas, and the Rocky Mountain region. EOG also has international operations in Trinidad and Tobago, where it produces natural gas and supports related energy development.

EOG traces its history to Enron Oil & Gas Company, which was established in 1990.

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