EOG Resources, Inc. (NYSE:EOG) is Pacer Advisors Inc.’s 4th Largest Position

Pacer Advisors Inc. lifted its position in EOG Resources, Inc. (NYSE:EOG) by 6.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,123,823 shares of the energy exploration company’s stock after acquiring an additional 255,721 shares during the quarter. EOG Resources makes up about 1.2% of Pacer Advisors Inc.’s holdings, making the stock its 4th biggest holding. Pacer Advisors Inc.’s holdings in EOG Resources were worth $519,066,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Wright Investors Service Inc. lifted its position in shares of EOG Resources by 0.8% in the 1st quarter. Wright Investors Service Inc. now owns 10,163 shares of the energy exploration company’s stock valued at $1,299,000 after acquiring an additional 80 shares in the last quarter. CVA Family Office LLC lifted its position in EOG Resources by 11.0% in the 2nd quarter. CVA Family Office LLC now owns 820 shares of the energy exploration company’s stock worth $103,000 after buying an additional 81 shares in the last quarter. Bailard Inc. lifted its position in EOG Resources by 0.4% in the 2nd quarter. Bailard Inc. now owns 19,899 shares of the energy exploration company’s stock worth $2,505,000 after buying an additional 81 shares in the last quarter. Field & Main Bank lifted its position in EOG Resources by 1.4% in the 1st quarter. Field & Main Bank now owns 6,163 shares of the energy exploration company’s stock worth $788,000 after buying an additional 83 shares in the last quarter. Finally, PDS Planning Inc lifted its position in EOG Resources by 4.1% in the 1st quarter. PDS Planning Inc now owns 2,152 shares of the energy exploration company’s stock worth $275,000 after buying an additional 84 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Performance

NYSE:EOG opened at $126.01 on Friday. EOG Resources, Inc. has a 1 year low of $108.94 and a 1 year high of $139.67. The firm’s fifty day simple moving average is $125.65 and its 200 day simple moving average is $126.49. The company has a current ratio of 2.12, a quick ratio of 1.89 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $72.42 billion, a PE ratio of 9.95, a PEG ratio of 2.95 and a beta of 1.28.

EOG Resources (NYSE:EOG) last posted its earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.98 by $0.18. EOG Resources had a net margin of 30.33% and a return on equity of 25.42%. The business had revenue of $6.03 billion for the quarter, compared to analyst estimates of $6.07 billion. During the same period last year, the business posted $2.49 EPS. EOG Resources’s revenue was up 8.1% compared to the same quarter last year. On average, sell-side analysts anticipate that EOG Resources, Inc. will post 12.2 EPS for the current year.

EOG Resources Dividend Announcement

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

Insiders Place Their Bets

In other EOG Resources news, EVP Michael P. Donaldson sold 11,037 shares of the firm’s stock in a transaction 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 sale, the executive vice president now directly owns 74,250 shares in the company, valued at approximately $9,615,375. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $126.48, for a total value of $505,920.00. Following the sale, the chief operating officer now directly owns 35,058 shares in the company, valued at approximately $4,434,135.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael P. Donaldson sold 11,037 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the completion of the sale, the executive vice president now owns 74,250 shares in the company, valued at $9,615,375. The disclosure for this sale can be found here. Insiders have sold 21,537 shares of company stock worth $2,751,612 in the last ninety days. Insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on EOG shares. JPMorgan Chase & Co. cut their target price on shares of EOG Resources from $143.00 to $135.00 and set a “neutral” rating for the company in a research report on Thursday, September 12th. Wolfe Research started coverage on shares of EOG Resources in a research report on Thursday, July 18th. They issued a “peer perform” rating for the company. Scotiabank cut their target price on shares of EOG Resources from $155.00 to $150.00 and set a “sector perform” rating for the company in a research report on Friday, July 12th. Susquehanna cut their target price on shares of EOG Resources from $159.00 to $158.00 and set a “positive” rating for the company in a research report on Wednesday, September 4th. Finally, Piper Sandler cut their price target on shares of EOG Resources from $154.00 to $147.00 and set an “overweight” rating on the stock in a report on Thursday, August 15th. Fourteen investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $142.89.

EOG Resources 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.