14,298 Shares in EOG Resources, Inc. $EOG Acquired by Plato Investment Management Ltd

Plato Investment Management Ltd bought a new stake in EOG Resources, Inc. (NYSE:EOG) during the second quarter, HoldingsChannel reports. The institutional investor bought 14,298 shares of the energy exploration company’s stock, valued at approximately $1,844,000.

A number of other large investors have also recently bought and sold shares of EOG. Bank of New York Mellon Corp purchased a new position in EOG Resources during the second quarter worth $654,899,000. Arrowstreet Capital Limited Partnership lifted its position in shares of EOG Resources by 898.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,420,839 shares of the energy exploration company’s stock valued at $205,411,000 after acquiring an additional 1,278,555 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of EOG Resources by 24.2% during the fourth quarter. Franklin Resources Inc. now owns 6,443,453 shares of the energy exploration company’s stock valued at $676,627,000 after acquiring an additional 1,257,110 shares during the last quarter. First Trust Advisors LP boosted its stake 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 during the last quarter. Finally, Marshall Wace LLP boosted its stake in shares of EOG Resources by 474.7% during the fourth quarter. Marshall Wace LLP now owns 1,318,254 shares of the energy exploration company’s stock valued at $138,430,000 after acquiring an additional 1,088,867 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Roth Capital reissued a “neutral” rating and issued a $138.00 target price on shares of EOG Resources in a research note on Wednesday, August 5th. Truist Financial raised their price target on shares of EOG Resources from $134.00 to $153.00 and gave the stock a “hold” rating in a research note on Thursday, August 6th. Capital One Financial lowered their price target on shares of EOG Resources from $161.00 to $159.00 and set an “overweight” rating for the company in a report on Wednesday, June 3rd. The Goldman Sachs Group cut their price objective on shares of EOG Resources from $139.00 to $129.00 and set a “neutral” rating for the company in a research report on Tuesday, June 30th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of EOG Resources in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seventeen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, EOG Resources presently has an average rating of “Hold” and an average price target of $156.00.

EOG Resources Stock Performance

EOG Resources stock opened at $145.95 on Tuesday. The stock has a fifty day moving average price of $137.69 and a 200 day moving average price of $134.06. EOG Resources, Inc. has a 52 week low of $101.59 and a 52 week high of $151.87. The firm has a market capitalization of $76.56 billion, a P/E ratio of 11.36 and a beta of 0.25. The company has a current ratio of 1.85, a quick ratio of 1.68 and a debt-to-equity ratio of 0.25.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.97 by $0.10. The firm had revenue of $8.62 billion for the quarter, compared to analyst estimates of $8.04 billion. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%.The firm’s quarterly revenue was up 57.4% on a year-over-year basis. During the same period last year, the company earned $2.32 EPS. Equities research analysts anticipate that EOG Resources, Inc. will post 16.43 earnings per share for the current year.

EOG Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 16th will be issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Friday, October 16th. EOG Resources’s dividend payout ratio is presently 31.75%.

About EOG Resources

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.