West Family Investments Inc. Takes $908,000 Position in EOG Resources, Inc. $EOG

Key Points

• West Family Investments acquired 7,000 shares of EOG Resources in the second quarter, valued at approximately $908,000. Institutional investors collectively own 89.91% of the company.
• EOG reported quarterly earnings of $5.07 per share, exceeding estimates of $4.97, while revenue rose 57.4% year over year to $8.62 billion.
• EOG declared a quarterly dividend of $1.02 per share, equivalent to an annualized $4.08 payout and a 2.8% yield. Analysts’ consensus rating remains “Hold,” with an average price target of $157.04.

West Family Investments Inc. acquired a new position in EOG Resources, Inc. (NYSE:EOG - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 7,000 shares of the energy exploration company's stock, valued at approximately $908,000.

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

EOG Resources Trading Up 0.2%

NYSE EOG traded up $0.25 on Tuesday, reaching $145.44. The stock had a trading volume of 2,528,822 shares, compared to its average volume of 4,187,796. 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 fifty day moving average price of $142.06 and a two-hundred day moving average price of $137.70. EOG Resources, Inc. has a 12-month low of $101.59 and a 12-month high of $153.67. The firm has a market capitalization of $76.29 billion, a price-to-earnings ratio of 11.32, a P/E/G ratio of 0.54 and a beta of 0.26.

EOG Resources (NYSE:EOG - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The energy exploration company reported $5.07 EPS for the quarter, beating analysts' consensus estimates of $4.97 by $0.10. The company had revenue of $8.62 billion for the quarter, compared to analyst estimates of $8.04 billion. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. 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, sell-side analysts forecast that EOG Resources, Inc. will post 16.89 EPS for the current fiscal year.

EOG Resources Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on EOG shares. Roth Capital reiterated a "neutral" rating and issued a $138.00 price target on shares of EOG Resources in a report on Wednesday, August 5th. Morgan Stanley set a $157.00 price objective on shares of EOG Resources and gave the stock an "equal weight" rating in a research note on Wednesday, August 19th. Raymond James Financial restated a "strong-buy" rating and set a $183.00 target price on shares of EOG Resources in a research report on Monday, August 3rd. JPMorgan Chase & Co. lowered their price target on shares of EOG Resources from $148.00 to $142.00 and set a "neutral" rating on the stock in a report on Tuesday, June 30th. Finally, Zacks Research lowered EOG Resources from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 27th. 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, EOG Resources presently has an average rating of "Hold" and an average target price of $157.04.

Insider Activity at EOG Resources

In related news, CEO Ezra Yacob sold 35,942 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer owned 242,451 shares in the company, valued at approximately $36,876,797.10. The trade was a 12.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.14% of the company's stock.

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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