NEOS Investment Management LLC Buys 10,864 Shares of EOG Resources, Inc. $EOG

NEOS Investment Management LLC lifted its stake in EOG Resources, Inc. (NYSE:EOG) by 14.0% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 88,431 shares of the energy exploration company’s stock after acquiring an additional 10,864 shares during the period. NEOS Investment Management LLC’s holdings in EOG Resources were worth $11,472,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Jupiter Topco LLC bought a new stake in EOG Resources in the second quarter valued at $138,987,000. Punch & Associates Investment Management Inc. bought a new position in shares of EOG Resources during the second quarter valued at $11,746,000. Parvin Asset Management LLC acquired a new stake in shares of EOG Resources in the 2nd quarter valued at $1,743,000. Ilmarinen Mutual Pension Insurance Co grew its holdings in shares of EOG Resources by 39.2% in the 4th quarter. Ilmarinen Mutual Pension Insurance Co now owns 87,000 shares of the energy exploration company’s stock worth $9,136,000 after purchasing an additional 24,500 shares during the last quarter. Finally, Transamerica Financial Advisors LLC bought a new stake in shares of EOG Resources in the 2nd quarter worth about $1,051,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insider Buying and Selling

In other EOG Resources news, CEO Ezra Yacob sold 35,942 shares of EOG Resources stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $152.10, for a total value of $5,466,778.20. Following the transaction, the chief executive officer owned 242,451 shares of the company’s stock, valued at approximately $36,876,797.10. The trade was a 12.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

EOG has been the subject of several recent analyst reports. Roth Capital reaffirmed a “neutral” rating and set a $138.00 price objective on shares of EOG Resources in a report on Wednesday, August 5th. Seaport Research Partners started coverage on EOG Resources in a report on Thursday. They issued a “neutral” rating on the stock. Sanford C. Bernstein decreased their price target on EOG Resources from $167.00 to $155.00 and set a “market perform” rating on the stock in a research report on Wednesday, May 20th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $183.00 price target on shares of EOG Resources in a report on Monday, August 3rd. Finally, Zacks Research lowered EOG Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seventeen have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $157.04.

EOG Resources Price Performance

EOG opened at $145.11 on Friday. The stock has a market cap of $76.11 billion, a P/E ratio of 11.29, a P/E/G ratio of 0.54 and a beta of 0.26. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $153.67. The company has a quick ratio of 1.68, a current ratio of 1.85 and a debt-to-equity ratio of 0.25. The company has a fifty day simple moving average of $141.49 and a 200 day simple moving average of $137.24.

EOG Resources (NYSE:EOG) last posted its earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share (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 analysts’ expectations of $8.04 billion. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%.The company’s revenue was up 57.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.32 earnings per share. On average, research analysts expect that EOG Resources, Inc. will post 16.89 EPS for the current year.

EOG Resources Announces Dividend

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 paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Friday, October 16th. EOG Resources’s dividend payout ratio is presently 31.75%.

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.