Ensign Peak Advisors Inc Has $97.47 Million Stake in EOG Resources, Inc. (NYSE:EOG)

Ensign Peak Advisors Inc decreased its holdings in EOG Resources, Inc. (NYSE:EOG) by 2.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 774,342 shares of the energy exploration company’s stock after selling 16,780 shares during the quarter. Ensign Peak Advisors Inc owned approximately 0.13% of EOG Resources worth $97,466,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in EOG Resources by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 54,275,932 shares of the energy exploration company’s stock valued at $6,938,635,000 after purchasing an additional 146,674 shares during the last quarter. Capital Research Global Investors raised its position in EOG Resources by 1.3% in the 1st quarter. Capital Research Global Investors now owns 28,889,715 shares of the energy exploration company’s stock valued at $3,693,261,000 after purchasing an additional 373,365 shares during the last quarter. Capital World Investors raised its position in EOG Resources by 5.4% in the 1st quarter. Capital World Investors now owns 26,782,454 shares of the energy exploration company’s stock valued at $3,423,869,000 after purchasing an additional 1,361,538 shares during the last quarter. Capital International Investors lifted its stake in shares of EOG Resources by 7.1% during the first quarter. Capital International Investors now owns 11,564,463 shares of the energy exploration company’s stock valued at $1,478,401,000 after acquiring an additional 766,056 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in shares of EOG Resources by 26.3% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,948,119 shares of the energy exploration company’s stock valued at $598,475,000 after acquiring an additional 1,029,727 shares during the period. Institutional investors own 89.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on EOG shares. Truist Financial cut their price target on EOG Resources from $136.00 to $130.00 and set a “hold” rating on the stock in a research note on Monday, July 22nd. Morgan Stanley cut their target price on EOG Resources from $134.00 to $132.00 and set an “equal weight” rating on the stock in a research note on Monday, September 16th. Royal Bank of Canada reissued a “sector perform” rating and issued a $147.00 target price on shares of EOG Resources in a research note on Wednesday, July 10th. Sanford C. Bernstein cut their target price on EOG Resources from $139.00 to $125.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 17th. Finally, KeyCorp started coverage on EOG Resources in a research note on Thursday, June 27th. They issued an “overweight” rating and a $157.00 target price on the stock. Fourteen research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, EOG Resources presently has a consensus rating of “Hold” and a consensus target price of $142.89.

Insider Activity

In other news, EVP Michael P. Donaldson sold 11,037 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $129.50, for a total value of $1,429,291.50. Following the completion of the transaction, the executive vice president now directly owns 74,250 shares of the company’s stock, valued at $9,615,375. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Charles R. Crisp sold 6,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total value of $816,400.00. Following the transaction, the director now owns 60,892 shares in the company, valued at $7,648,035.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Michael P. Donaldson sold 11,037 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $129.50, for a total value of $1,429,291.50. Following the completion of the transaction, the executive vice president now owns 74,250 shares in the company, valued at approximately $9,615,375. The disclosure for this sale can be found here. Insiders sold a total of 21,537 shares of company stock valued at $2,751,612 over the last three months. Corporate insiders own 0.30% of the company’s stock.

EOG Resources Stock Up 0.6 %

Shares of NYSE:EOG opened at $126.01 on Friday. The company has a market capitalization of $72.42 billion, a price-to-earnings ratio of 9.95, a P/E/G ratio of 2.95 and a beta of 1.28. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.12 and a quick ratio of 1.89. The business’s 50-day moving average is $125.65 and its 200-day moving average is $126.49. EOG Resources, Inc. has a 1 year low of $108.94 and a 1 year high of $139.67.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share for the quarter, topping analysts’ consensus estimates of $2.98 by $0.18. The business had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $6.07 billion. EOG Resources had a return on equity of 25.42% and a net margin of 30.33%. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the prior year, the business earned $2.49 EPS. Equities research analysts predict that EOG Resources, Inc. will post 12.2 earnings per share for the current year.

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date is Thursday, October 17th. EOG Resources’s dividend payout ratio is currently 28.75%.

EOG Resources Company 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.