LGT Group Foundation Buys 71,050 Shares of EOG Resources, Inc. $EOG

LGT Group Foundation boosted its stake in EOG Resources, Inc. (NYSE:EOG) by 3,947.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 72,850 shares of the energy exploration company’s stock after buying an additional 71,050 shares during the period. LGT Group Foundation’s holdings in EOG Resources were worth $8,106,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Sivia Capital Partners LLC acquired a new stake in EOG Resources during the 2nd quarter worth approximately $258,000. Vestmark Advisory Solutions Inc. lifted its holdings in shares of EOG Resources by 54.3% during the second quarter. Vestmark Advisory Solutions Inc. now owns 3,096 shares of the energy exploration company’s stock worth $370,000 after buying an additional 1,089 shares in the last quarter. Penserra Capital Management LLC lifted its holdings in shares of EOG Resources by 45.0% during the second quarter. Penserra Capital Management LLC now owns 3,713 shares of the energy exploration company’s stock worth $443,000 after buying an additional 1,152 shares in the last quarter. Campbell & CO Investment Adviser LLC boosted its position in shares of EOG Resources by 42.2% in the second quarter. Campbell & CO Investment Adviser LLC now owns 6,557 shares of the energy exploration company’s stock valued at $784,000 after acquiring an additional 1,945 shares during the period. Finally, Sound View Wealth Advisors Group LLC acquired a new position in shares of EOG Resources in the second quarter valued at about $210,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on EOG. Royal Bank Of Canada set a $138.00 price target on shares of EOG Resources and gave the stock an “outperform” rating in a research report on Tuesday, January 13th. KeyCorp cut shares of EOG Resources from an “overweight” rating to a “sector weight” rating in a report on Friday, January 16th. Morgan Stanley set a $128.00 price target on shares of EOG Resources and gave the company an “equal weight” rating in a research report on Friday, January 23rd. Citigroup reissued a “neutral” rating and set a $115.00 price target (down from $125.00) on shares of EOG Resources in a research report on Wednesday, December 17th. Finally, Raymond James Financial raised their price objective on EOG Resources from $153.00 to $157.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seventeen have issued a Hold rating to the company. According to MarketBeat, EOG Resources currently has an average rating of “Hold” and a consensus price target of $135.77.

EOG Resources Stock Up 0.0%

Shares of EOG opened at $131.48 on Tuesday. EOG Resources, Inc. has a one year low of $101.59 and a one year high of $134.36. The company has a market cap of $70.54 billion, a P/E ratio of 14.43 and a beta of 0.44. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.63 and a quick ratio of 1.42. The firm has a 50 day simple moving average of $114.32 and a two-hundred day simple moving average of $112.17.

EOG Resources (NYSE:EOG) last issued its earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $0.07. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.The firm had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.36 billion. During the same quarter last year, the business posted $2.74 EPS. The company’s revenue was up .9% compared to the same quarter last year. Research analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 16th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Thursday, April 16th. This represents a $4.08 annualized dividend and a yield of 3.1%. EOG Resources’s dividend payout ratio (DPR) is 44.79%.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 2,000 shares of the business’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $125.00, for a total transaction of $250,000.00. Following the completion of the transaction, the chief operating officer owned 61,481 shares of the company’s stock, valued at approximately $7,685,125. The trade was a 3.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 7,774 shares of company stock valued at $945,895 in the last quarter. Insiders own 0.13% of the company’s stock.

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.