XTX Topco Ltd Acquires 4,044 Shares of EOG Resources, Inc. (NYSE:EOG)

Key Points

• XTX Topco Ltd increased its holdings in EOG Resources by 20% in the first quarter, acquiring a total of 24,249 shares valued at approximately $3.11 million.
• EOG Resources recently announced a quarterly dividend increase to $1.02 per share, which will be paid on October 31st, resulting in an annualized dividend yield of 3.31%.
89% of EOG's stock is held by hedge funds and institutional investors, highlighting significant institutional interest in the company.

XTX Topco Ltd raised its stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 20.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,249 shares of the energy exploration company's stock after purchasing an additional 4,044 shares during the quarter. XTX Topco Ltd's holdings in EOG Resources were worth $3,110,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Banque Cantonale Vaudoise purchased a new position in shares of EOG Resources during the first quarter worth approximately $26,000. Federated Hermes Inc. raised its stake in shares of EOG Resources by 53.1% during the first quarter. Federated Hermes Inc. now owns 576,523 shares of the energy exploration company's stock worth $73,933,000 after acquiring an additional 199,920 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in shares of EOG Resources by 42.3% during the first quarter. Geneos Wealth Management Inc. now owns 43,543 shares of the energy exploration company's stock worth $5,584,000 after acquiring an additional 12,951 shares in the last quarter. TCTC Holdings LLC raised its stake in shares of EOG Resources by 34.6% during the first quarter. TCTC Holdings LLC now owns 583 shares of the energy exploration company's stock worth $75,000 after acquiring an additional 150 shares in the last quarter. Finally, Meeder Asset Management Inc. raised its stake in shares of EOG Resources by 182.7% during the first quarter. Meeder Asset Management Inc. now owns 125,873 shares of the energy exploration company's stock worth $16,142,000 after acquiring an additional 81,343 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors.

Insider Activity at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 3,951 shares of the business's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $119.65, for a total transaction of $472,737.15. Following the sale, the chief operating officer owned 45,739 shares in the company, valued at approximately $5,472,671.35. The trade was a 7.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.13% of the company's stock.

Analyst Ratings Changes

EOG has been the topic of several research reports. Wells Fargo & Company reissued an "overweight" rating on shares of EOG Resources in a research note on Sunday, June 22nd. Roth Capital downgraded shares of EOG Resources from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $140.00 to $134.00 in a research note on Wednesday, July 9th. Stephens started coverage on shares of EOG Resources in a research note on Tuesday, June 17th. They issued an "equal weight" rating and a $137.00 target price on the stock. Piper Sandler decreased their target price on shares of EOG Resources from $138.00 to $136.00 and set a "neutral" rating on the stock in a research note on Thursday, July 17th. Finally, Mizuho decreased their target price on shares of EOG Resources from $140.00 to $134.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. Twelve equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, EOG Resources has an average rating of "Moderate Buy" and a consensus target price of $140.62.

EOG Resources Trading Down 0.9%

NYSE:EOG traded down $1.14 during trading hours on Thursday, hitting $120.10. The company had a trading volume of 2,657,234 shares, compared to its average volume of 2,769,151. The company has a market capitalization of $65.55 billion, a PE ratio of 11.14, a price-to-earnings-growth ratio of 9.31 and a beta of 0.76. The stock has a 50-day moving average price of $118.83 and a 200 day moving average price of $120.78. EOG Resources, Inc. has a 52 week low of $102.52 and a 52 week high of $138.18. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.87 and a quick ratio of 1.71.

EOG Resources (NYSE:EOG - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share for the quarter, beating the consensus estimate of $2.75 by $0.12. The business had revenue of $5.84 billion for the quarter, compared to analysts' expectations of $5.92 billion. EOG Resources had a net margin of 26.14% and a return on equity of 22.35%. The firm's revenue for the quarter was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.82 earnings per share. On average, equities research analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 17th will be issued a dividend of $1.02 per share. This is a boost from EOG Resources's previous quarterly dividend of $0.98. The ex-dividend date is Friday, October 17th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.4%. EOG Resources's dividend payout ratio (DPR) is presently 36.18%.

About EOG Resources

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.