Nkcfo LLC Buys New Shares in EOG Resources, Inc. (NYSE:EOG)

Nkcfo LLC purchased a new stake in shares of EOG Resources, Inc. (NYSE:EOG) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 19,050 shares of the energy exploration company’s stock, valued at approximately $2,398,000. EOG Resources comprises 1.3% of Nkcfo LLC’s investment portfolio, making the stock its 18th biggest holding.

A number of other hedge funds have also modified their holdings of the company. MUFG Securities EMEA plc acquired a new stake in EOG Resources during the 4th quarter valued at approximately $5,443,000. Artisan Partners Limited Partnership boosted its holdings in EOG Resources by 2.3% in the fourth quarter. Artisan Partners Limited Partnership now owns 991,055 shares of the energy exploration company’s stock valued at $119,868,000 after purchasing an additional 22,638 shares during the last quarter. DRW Securities LLC grew its position in EOG Resources by 871.7% during the 4th quarter. DRW Securities LLC now owns 20,891 shares of the energy exploration company’s stock worth $2,527,000 after purchasing an additional 18,741 shares during the period. UniSuper Management Pty Ltd raised its stake in shares of EOG Resources by 228.4% during the 1st quarter. UniSuper Management Pty Ltd now owns 15,626 shares of the energy exploration company’s stock valued at $1,998,000 after buying an additional 10,868 shares during the last quarter. Finally, Bryn Mawr Capital Management LLC acquired a new position in shares of EOG Resources in the 1st quarter valued at about $1,217,000. 89.91% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other EOG Resources news, EVP Michael P. Donaldson sold 11,037 shares of the 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 transaction, the executive vice president now directly owns 74,250 shares in the company, valued at $9,615,375. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other EOG Resources news, Director Charles R. Crisp sold 6,500 shares of EOG Resources stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total transaction of $816,400.00. Following the transaction, the director now owns 60,892 shares of the company’s stock, valued at $7,648,035.20. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Michael P. Donaldson sold 11,037 shares of EOG Resources stock in a transaction on Monday, August 26th. The shares were sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the completion of the transaction, the executive vice president now directly owns 74,250 shares in the company, valued at $9,615,375. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,537 shares of company stock worth $2,751,612. 0.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

EOG has been the topic of several recent research reports. Truist Financial lowered their price objective on EOG Resources from $136.00 to $130.00 and set a “hold” rating on the stock in a research report on Monday, July 22nd. JPMorgan Chase & Co. reduced their target price on EOG Resources from $143.00 to $135.00 and set a “neutral” rating for the company in a research note on Thursday, September 12th. Bank of America restated a “buy” rating and set a $151.00 price objective on shares of EOG Resources in a research report on Friday, June 14th. Morgan Stanley reduced their price objective on EOG Resources from $134.00 to $132.00 and set an “equal weight” rating for the company in a research note on Monday, September 16th. Finally, UBS Group dropped their target price on shares of EOG Resources from $167.00 to $154.00 and set a “buy” rating for the company in a report on Wednesday. Fourteen research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, EOG Resources currently has an average rating of “Hold” and a consensus price target of $142.89.

EOG Resources Stock Up 0.6 %

Shares of NYSE EOG opened at $126.01 on Friday. 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 stock has a market cap of $72.42 billion, a P/E ratio of 9.95, a PEG ratio of 2.95 and a beta of 1.28. The business’s fifty day simple moving average is $125.65 and its 200-day simple moving average is $126.49. EOG Resources, Inc. has a 12-month low of $108.94 and a 12-month 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 EPS for the quarter, topping the consensus estimate of $2.98 by $0.18. The company had revenue of $6.03 billion during the quarter, compared to analysts’ expectations of $6.07 billion. EOG Resources had a net margin of 30.33% and a return on equity of 25.42%. The firm’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.49 EPS. As a group, equities analysts predict that EOG Resources, Inc. will post 12.2 EPS for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be given a dividend of $0.91 per share. The ex-dividend date is Thursday, October 17th. This represents a $3.64 annualized dividend and a dividend yield of 2.89%. 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.