Quantbot Technologies LP Acquires New Position in EOG Resources, Inc. $EOG

Quantbot Technologies LP bought a new position in shares of EOG Resources, Inc. (NYSE:EOG) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 8,899 shares of the energy exploration company’s stock, valued at approximately $1,154,000.

Other large investors have also recently modified their holdings of the company. Varma Mutual Pension Insurance Co raised its position in shares of EOG Resources by 1.2% in the second quarter. Varma Mutual Pension Insurance Co now owns 154,192 shares of the energy exploration company’s stock valued at $20,003,000 after purchasing an additional 1,800 shares during the period. X Square Capital LLC boosted its holdings in EOG Resources by 3.4% in the 2nd quarter. X Square Capital LLC now owns 5,325 shares of the energy exploration company’s stock worth $691,000 after buying an additional 175 shares during the period. Westpac Banking Corp boosted its holdings in EOG Resources by 122.5% in the 2nd quarter. Westpac Banking Corp now owns 5,304 shares of the energy exploration company’s stock worth $688,000 after buying an additional 2,920 shares during the period. EP Wealth Advisors LLC grew its stake in EOG Resources by 8.0% in the 2nd quarter. EP Wealth Advisors LLC now owns 25,158 shares of the energy exploration company’s stock valued at $3,264,000 after buying an additional 1,866 shares in the last quarter. Finally, Ieq Capital LLC grew its stake in EOG Resources by 118.4% in the 2nd quarter. Ieq Capital LLC now owns 112,679 shares of the energy exploration company’s stock valued at $14,618,000 after buying an additional 61,096 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Insider Buying and Selling

In other EOG Resources news, CEO Ezra Y. Yacob sold 35,942 shares of the company’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $152.10, for a total value of $5,466,778.20. Following the transaction, the chief executive officer directly owned 242,451 shares in the company, valued at $36,876,797.10. This represents a 12.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.14% of the stock is currently owned by insiders.

EOG Resources Stock Performance

NYSE EOG opened at $146.90 on Wednesday. The company’s 50 day simple moving average is $139.41 and its two-hundred day simple moving average is $135.70. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.85 and a quick ratio of 1.68. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year high of $153.67. The stock has a market capitalization of $77.05 billion, a PE ratio of 11.43, a P/E/G ratio of 0.56 and a beta of 0.25.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 EPS for the quarter, beating analysts’ consensus estimates of $4.97 by $0.10. The firm had revenue of $8.62 billion during the quarter, compared to analyst estimates of $8.04 billion. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The business’s revenue for the quarter was up 57.4% on a year-over-year basis. During the same period in the previous year, the business earned $2.32 EPS. Analysts predict that EOG Resources, Inc. will post 16.87 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on EOG shares. Barclays set a $147.00 target price on shares of EOG Resources and gave the company an “equal weight” rating in a report on Monday, August 17th. Weiss Ratings reiterated a “buy (b-)” rating on shares of EOG Resources in a research report on Friday, August 7th. Wall Street Zen lowered EOG Resources from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Sanford C. Bernstein dropped their price objective on EOG Resources from $167.00 to $155.00 and set a “market perform” rating on the stock in a report on Wednesday, May 20th. Finally, Susquehanna restated a “positive” rating and issued a $170.00 target price (up from $166.00) on shares of EOG Resources in a research note on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and sixteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $156.22.

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.