97,134 Shares in EOG Resources, Inc. $EOG Bought by Dearborn Partners LLC

Dearborn Partners LLC acquired a new position in shares of EOG Resources, Inc. (NYSE:EOG) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 97,134 shares of the energy exploration company’s stock, valued at approximately $12,601,000.

A number of other institutional investors also recently bought and sold shares of the business. Sivia Capital Partners LLC acquired a new stake in shares of EOG Resources during the second quarter worth about $258,000. Quantbot Technologies LP acquired a new position in EOG Resources in the 2nd quarter valued at about $349,000. Gamco Investors INC. ET AL raised its stake in EOG Resources by 216.1% during the 2nd quarter. Gamco Investors INC. ET AL now owns 6,560 shares of the energy exploration company’s stock valued at $785,000 after acquiring an additional 4,485 shares during the last quarter. NewEdge Advisors LLC raised its stake in EOG Resources by 2.0% during the 2nd quarter. NewEdge Advisors LLC now owns 22,780 shares of the energy exploration company’s stock valued at $2,725,000 after acquiring an additional 444 shares during the last quarter. Finally, Sei Investments Co. lifted its position in EOG Resources by 4.4% during the 2nd quarter. Sei Investments Co. now owns 362,446 shares of the energy exploration company’s stock worth $43,356,000 after acquiring an additional 15,250 shares during the period. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Trading Down 0.2%

Shares of EOG stock opened at $144.51 on Friday. The stock has a market cap of $75.80 billion, a P/E ratio of 11.25, a P/E/G ratio of 0.54 and a beta of 0.25. The company has a quick ratio of 1.68, a current ratio of 1.85 and a debt-to-equity ratio of 0.25. EOG Resources, Inc. has a fifty-two week low of $101.59 and a fifty-two week high of $153.67. The business has a fifty day simple moving average of $139.93 and a 200-day simple moving average of $136.14.

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 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%.EOG Resources’s revenue was up 57.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.32 EPS. On average, analysts forecast that EOG Resources, Inc. will post 16.87 earnings per share for the current fiscal 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%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Raymond James Financial reiterated a “strong-buy” rating and issued a $183.00 target price on shares of EOG Resources in a research note on Monday, August 3rd. Truist Financial increased their price target on EOG Resources from $134.00 to $153.00 and gave the stock a “hold” rating in a report on Thursday, August 6th. Roth Capital reissued a “neutral” rating and issued a $138.00 price objective on shares of EOG Resources in a research note on Wednesday, August 5th. Citigroup restated a “neutral” rating and set a $150.00 price objective (up from $141.00) on shares of EOG Resources in a research report on Thursday. Finally, JPMorgan Chase & Co. lowered their target price on shares of EOG Resources from $148.00 to $142.00 and set a “neutral” rating on the stock in a report on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seventeen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, EOG Resources presently has a consensus rating of “Hold” and an average price target of $156.33.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, CEO Ezra Y. Yacob sold 35,942 shares of the stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $152.10, for a total transaction of $5,466,778.20. Following the transaction, the chief executive officer owned 242,451 shares of the company’s stock, valued at $36,876,797.10. This trade represents a 12.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.14% of the stock is currently owned by insiders.

EOG Resources Company 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.