Healthcare of Ontario Pension Plan Trust Fund Acquires Shares of 850,000 EOG Resources, Inc. (NYSE:EOG)

Healthcare of Ontario Pension Plan Trust Fund bought a new stake in EOG Resources, Inc. (NYSE:EOG) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 850,000 shares of the energy exploration company’s stock, valued at approximately $106,990,000.

Other institutional investors also recently modified their holdings of the company. Capital World Investors grew its holdings in shares of EOG Resources by 5.4% during 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. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew 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 worth $598,475,000 after buying an additional 1,029,727 shares during the last quarter. Capital International Investors increased its holdings 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 worth $1,478,401,000 after buying an additional 766,056 shares in the last quarter. Legal & General Group Plc lifted its stake in shares of EOG Resources by 9.1% in the 2nd quarter. Legal & General Group Plc now owns 4,840,705 shares of the energy exploration company’s stock valued at $609,300,000 after acquiring an additional 403,676 shares during the last quarter. Finally, Capital Research Global Investors boosted its holdings in shares of EOG Resources by 1.3% during 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 acquiring an additional 373,365 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analyst Ratings Changes

EOG has been the subject of several research reports. Piper Sandler dropped their target price on EOG Resources from $154.00 to $147.00 and set an “overweight” rating for the company in a research report on Thursday, August 15th. Wells Fargo & Company dropped their price objective on shares of EOG Resources from $140.00 to $135.00 and set an “equal weight” rating for the company in a report on Tuesday. Royal Bank of Canada reissued a “sector perform” rating and set a $147.00 target price on shares of EOG Resources in a report on Wednesday, July 10th. Evercore ISI dropped their price target on shares of EOG Resources from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Monday. Finally, Truist Financial reduced their price objective on shares of EOG Resources from $130.00 to $115.00 and set a “hold” rating on the stock in a research note on Monday. Fourteen investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $142.50.

Insider Activity at EOG Resources

In other EOG Resources news, Director Charles R. Crisp sold 6,500 shares of the firm’s stock in a transaction 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 directly owns 60,892 shares in the company, valued at approximately $7,648,035.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the company’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 transaction, the chief operating officer now directly owns 35,058 shares of the company’s stock, valued at $4,434,135.84. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Charles R. Crisp sold 6,500 shares of EOG Resources stock in a transaction 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 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 a total of 21,537 shares of company stock valued at $2,751,612 over the last 90 days. Insiders own 0.30% of the company’s stock.

EOG Resources Stock Performance

NYSE EOG opened at $128.33 on Thursday. 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 has a fifty day simple moving average of $124.97 and a 200 day simple moving average of $126.82. 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 $73.75 billion, a P/E ratio of 10.14, a PEG ratio of 3.27 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 EPS for the quarter, topping the consensus estimate of $2.98 by $0.18. EOG Resources had a net margin of 30.33% and a return on equity of 25.42%. The company had revenue of $6.03 billion during the quarter, compared to the consensus estimate of $6.07 billion. During the same period in the previous year, the firm posted $2.49 earnings per share. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. Sell-side analysts predict that EOG Resources, Inc. will post 11.91 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be issued a $0.91 dividend. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.84%. EOG Resources’s dividend payout ratio is presently 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.