Primecap Management Co. CA Sells 18,100 Shares of EOG Resources, Inc. $EOG

Primecap Management Co. CA decreased its position in shares of EOG Resources, Inc. (NYSE:EOG) by 1.1% in the second quarter, Holdings Channel reports. The fund owned 1,581,562 shares of the energy exploration company’s stock after selling 18,100 shares during the period. Primecap Management Co. CA’s holdings in EOG Resources were worth $205,176,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Acumen Wealth Advisors LLC bought a new position in shares of EOG Resources in the fourth quarter worth about $25,000. SJS Investment Consulting Inc. lifted its position in shares of EOG Resources by 225.5% during the 1st quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock worth $26,000 after purchasing an additional 124 shares during the last quarter. Prosperity Bancshares Inc bought a new stake in EOG Resources during the 4th quarter valued at approximately $26,000. Nemes Rush Group LLC bought a new stake in EOG Resources during the 4th quarter valued at approximately $30,000. Finally, Financial Life Planners acquired a new stake in EOG Resources in the 1st quarter valued at approximately $30,000. 89.91% of the stock is currently owned by institutional investors.

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 on 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 sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

EOG Resources Price Performance

NYSE:EOG opened at $146.90 on Wednesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.68 and a current ratio of 1.85. The company has a 50-day moving average of $139.41 and a 200-day moving average of $135.70. EOG Resources, Inc. has a 52 week low of $101.59 and a 52 week high of $153.67. The company has a market capitalization of $77.05 billion, a price-to-earnings ratio of 11.43, a PEG ratio of 0.56 and a beta of 0.25.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.97 by $0.10. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The firm had revenue of $8.62 billion during the quarter, compared to analyst estimates of $8.04 billion. During the same quarter in the prior year, the business posted $2.32 earnings per share. The company’s quarterly revenue was up 57.4% compared to the same quarter last year. As a group, equities research analysts anticipate that EOG Resources, Inc. will post 16.87 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

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

Wall Street Analysts Forecast Growth

EOG has been the subject of a number of research analyst reports. DA Davidson upped their price target on EOG Resources from $148.00 to $153.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. The Goldman Sachs Group restated a “neutral” rating and issued a $151.00 price objective (up from $127.00) on shares of EOG Resources in a research note on Monday. Mizuho set a $157.00 target price on shares of EOG Resources and gave the stock a “neutral” rating in a research report on Wednesday, May 27th. JPMorgan Chase & Co. cut their target price on shares of EOG Resources from $148.00 to $142.00 and set a “neutral” rating for the company in a research note on Tuesday, June 30th. Finally, Stephens reduced their price target on shares of EOG Resources from $170.00 to $167.00 in a report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and sixteen have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target 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.