6,002 Shares in EOG Resources, Inc. $EOG Purchased by SG Trading Solutions LLC

SG Trading Solutions LLC acquired a new stake in shares of EOG Resources, Inc. (NYSE:EOG) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 6,002 shares of the energy exploration company’s stock, valued at approximately $630,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Franklin Resources Inc. lifted its stake in shares of EOG Resources by 24.2% in the fourth quarter. Franklin Resources Inc. now owns 6,443,453 shares of the energy exploration company’s stock worth $676,627,000 after buying an additional 1,257,110 shares in the last quarter. First Trust Advisors LP increased its position in shares of EOG Resources by 70.5% during the fourth quarter. First Trust Advisors LP now owns 2,977,912 shares of the energy exploration company’s stock valued at $312,711,000 after acquiring an additional 1,231,366 shares in the last quarter. Marshall Wace LLP raised its holdings in EOG Resources by 474.7% in the 4th quarter. Marshall Wace LLP now owns 1,318,254 shares of the energy exploration company’s stock worth $138,430,000 after acquiring an additional 1,088,867 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in EOG Resources by 23.9% in the 4th quarter. Bank of New York Mellon Corp now owns 4,669,969 shares of the energy exploration company’s stock worth $490,394,000 after acquiring an additional 901,897 shares during the last quarter. Finally, Capital World Investors lifted its position in EOG Resources by 1.4% in the 3rd quarter. Capital World Investors now owns 54,907,949 shares of the energy exploration company’s stock valued at $6,156,495,000 after acquiring an additional 782,426 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 5,698 shares of the firm’s stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total value of $856,523.36. Following the transaction, the chief operating officer directly owned 88,045 shares of the company’s stock, valued at approximately $13,234,924.40. This trade represents a 6.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.14% of the company’s stock.

EOG Resources Price Performance

Shares of EOG opened at $130.05 on Friday. The firm has a market cap of $69.27 billion, a PE ratio of 12.80 and a beta of 0.25. The company has a current ratio of 1.72, a quick ratio of 1.53 and a debt-to-equity ratio of 0.26. The firm has a fifty day simple moving average of $135.96 and a two-hundred day simple moving average of $124.75. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $151.87.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share for the quarter, beating the consensus estimate of $3.23 by $0.18. The firm had revenue of $6.92 billion for the quarter, compared to analysts’ expectations of $6.18 billion. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The company’s revenue was up 22.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.87 EPS. On average, equities analysts anticipate that EOG Resources, Inc. will post 16.63 EPS for the current year.

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be issued a $1.02 dividend. The ex-dividend date of this dividend is Friday, July 17th. This represents a $4.08 dividend on an annualized basis and a yield of 3.1%. EOG Resources’s dividend payout ratio is currently 40.16%.

Analyst Upgrades and Downgrades

A number of analysts have commented on EOG shares. BMO Capital Markets lifted their target price on EOG Resources from $140.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday, April 1st. Susquehanna increased their price objective on EOG Resources from $144.00 to $162.00 and gave the company a “positive” rating in a research report on Tuesday, April 21st. Williams Trading set a $177.00 price objective on EOG Resources in a report on Monday, April 20th. Mizuho set a $157.00 target price on EOG Resources and gave the stock a “neutral” rating in a research report on Wednesday, May 27th. Finally, Morgan Stanley upped their target price on shares of EOG Resources from $155.00 to $160.00 and gave the company an “equal weight” rating in a research note on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and sixteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $156.32.

EOG Resources Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.