Ascent Group LLC Raises Stake in EOG Resources, Inc. (NYSE:EOG)

Ascent Group LLC raised its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 8.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,758 shares of the energy exploration company’s stock after buying an additional 1,346 shares during the quarter. Ascent Group LLC’s holdings in EOG Resources were worth $2,109,000 at the end of the most recent reporting period.

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

Insiders Place Their Bets

In other news, Director Charles R. Crisp sold 6,500 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total value of $816,400.00. Following the completion of 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 accessible through this hyperlink. In other EOG Resources 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 completion of the transaction, the director now directly owns 60,892 shares in the company, valued at approximately $7,648,035.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael P. Donaldson sold 11,037 shares of EOG Resources stock in a transaction that occurred 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 sale, 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. In the last quarter, insiders sold 21,537 shares of company stock worth $2,751,612. Corporate insiders own 0.30% of the company’s stock.

EOG Resources Stock Performance

EOG opened at $122.44 on Monday. EOG Resources, Inc. has a 12-month low of $108.94 and a 12-month high of $139.67. The company has a market cap of $70.37 billion, a price-to-earnings ratio of 9.67, a PEG 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. The company’s 50 day moving average is $124.94 and its 200 day moving average is $126.79.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data 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 firm 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 business’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter last year, the company earned $2.49 earnings per share. On average, equities research analysts predict that EOG Resources, Inc. will post 11.91 EPS for the current year.

EOG Resources Announces Dividend

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 issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 2.97%. The ex-dividend date is Thursday, October 17th. EOG Resources’s dividend payout ratio is currently 28.75%.

Analyst Ratings Changes

Several analysts have weighed in on the company. Morgan Stanley lowered their price target on EOG Resources from $134.00 to $132.00 and set an “equal weight” rating on the stock in a report on Monday, September 16th. Susquehanna cut their price objective on shares of EOG Resources from $159.00 to $158.00 and set a “positive” rating for the company in a research note on Wednesday, September 4th. StockNews.com cut shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Monday, September 16th. Sanford C. Bernstein reduced their price objective 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, Wolfe Research started coverage on EOG Resources in a report on Thursday, July 18th. They set a “peer perform” rating for the company. Fourteen investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $142.89.

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.