EOG Resources, Inc. (NYSE:EOG) Holdings Lifted by AQR Capital Management LLC

AQR Capital Management LLC increased its holdings in EOG Resources, Inc. (NYSE:EOG) by 33.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,004,001 shares of the energy exploration company’s stock after acquiring an additional 252,125 shares during the period. AQR Capital Management LLC’s holdings in EOG Resources were worth $126,374,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Riverview Trust Co acquired a new stake in shares of EOG Resources during the second quarter worth approximately $27,000. MFA Wealth Advisors LLC acquired a new position in shares of EOG Resources in the second quarter worth $28,000. Gladius Capital Management LP purchased a new stake in shares of EOG Resources during the second quarter worth $30,000. Triad Wealth Partners LLC acquired a new stake in EOG Resources during the second quarter valued at $35,000. Finally, Norwood Financial Corp purchased a new position in EOG Resources in the first quarter valued at about $37,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $126.48, for a total value of $505,920.00. Following the completion of the sale, the chief operating officer now owns 35,058 shares in the company, valued at approximately $4,434,135.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the 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 completion of the transaction, the chief operating officer now owns 35,058 shares in the company, valued at approximately $4,434,135.84. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Charles R. Crisp sold 6,500 shares of EOG Resources stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total transaction of $816,400.00. Following the sale, the director now owns 60,892 shares in the company, valued at $7,648,035.20. The disclosure for this sale can be found here. Insiders have sold 21,537 shares of company stock worth $2,751,612 over the last three months. Company insiders own 0.30% of the company’s stock.

EOG Resources Stock Down 3.4 %

EOG opened at $120.37 on Friday. The business has a 50 day moving average of $125.32 and a 200-day moving average of $126.75. The stock has a market capitalization of $69.18 billion, a price-to-earnings ratio of 9.51, a P/E/G ratio of 3.27 and a beta of 1.28. The company has a current ratio of 2.12, a quick ratio of 1.89 and a debt-to-equity ratio of 0.11. EOG Resources, Inc. has a 1-year low of $108.94 and a 1-year high of $139.67.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share 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 firm had revenue of $6.03 billion during the quarter, compared to the consensus estimate of $6.07 billion. During the same period in the prior year, the firm earned $2.49 EPS. The business’s revenue was up 8.1% on a year-over-year basis. As a group, sell-side analysts anticipate that EOG Resources, Inc. will post 11.91 earnings per share 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 given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date is Thursday, October 17th. EOG Resources’s dividend payout ratio (DPR) is presently 28.75%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Piper Sandler cut their price target on EOG Resources from $154.00 to $147.00 and set an “overweight” rating for the company in a research note on Thursday, August 15th. Truist Financial reduced their target price on shares of EOG Resources from $136.00 to $130.00 and set a “hold” rating for the company in a research note on Monday, July 22nd. Wolfe Research began coverage on shares of EOG Resources in a research note on Thursday, July 18th. They set a “peer perform” rating on the stock. JPMorgan Chase & Co. reduced their price objective on shares of EOG Resources from $143.00 to $135.00 and set a “neutral” rating for the company in a research note on Thursday, September 12th. Finally, UBS Group lowered their target price on shares of EOG Resources from $167.00 to $154.00 and set a “buy” rating on the stock in a research report on Wednesday, September 18th. Fourteen research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $142.89.

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.