Nykredit A S Invests $10.58 Million in EOG Resources, Inc. $EOG

Nykredit A S acquired a new position in shares of EOG Resources, Inc. (NYSE:EOG) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 81,526 shares of the energy exploration company’s stock, valued at approximately $10,576,000.

Several other institutional investors have also recently bought and sold shares of EOG. Sivia Capital Partners LLC bought a new position in shares of EOG Resources during the 2nd quarter worth approximately $258,000. Quantbot Technologies LP bought a new stake in shares of EOG Resources in the second quarter worth $349,000. Gamco Investors INC. ET AL lifted its position in shares of EOG Resources by 216.1% in the second quarter. Gamco Investors INC. ET AL now owns 6,560 shares of the energy exploration company’s stock worth $785,000 after purchasing an additional 4,485 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in EOG Resources by 2.0% during the second quarter. NewEdge Advisors LLC now owns 22,780 shares of the energy exploration company’s stock worth $2,725,000 after purchasing an additional 444 shares during the last quarter. Finally, Sei Investments Co. grew its position in EOG Resources by 4.4% in the second quarter. Sei Investments Co. now owns 362,446 shares of the energy exploration company’s stock valued at $43,356,000 after purchasing an additional 15,250 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

EOG Resources Trading Down 0.6%

Shares of EOG Resources stock opened at $145.11 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.85 and a quick ratio of 1.68. The business has a fifty day simple moving average of $141.49 and a two-hundred day simple moving average of $137.24. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year high of $153.67. The company has a market capitalization of $76.11 billion, a price-to-earnings ratio of 11.29, a P/E/G ratio of 0.54 and a beta of 0.26.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share for the quarter, beating the consensus estimate of $4.97 by $0.10. The company had revenue of $8.62 billion for 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 company’s revenue was up 57.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.32 earnings per share. Research analysts forecast that EOG Resources, Inc. will post 16.89 EPS for the current year.

EOG Resources Dividend Announcement

The company 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 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Friday, October 16th. EOG Resources’s payout ratio is currently 31.75%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Jefferies Financial Group reaffirmed a “buy” rating and set a $175.00 price target (up from $170.00) on shares of EOG Resources in a research report on Thursday, July 2nd. Barclays set a $147.00 target price on shares of EOG Resources and gave the company an “equal weight” rating in a research note on Monday, August 17th. Mizuho set a $157.00 price target on shares of EOG Resources and gave the stock a “neutral” rating in a research report on Wednesday, May 27th. Sanford C. Bernstein dropped their price target on shares of 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. Finally, Capital One Financial downgraded shares of EOG Resources from an “overweight” rating to an “equal weight” rating and set a $153.00 price objective for the company. in a research report on Wednesday, August 26th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seventeen have issued a Hold rating to the company. According to MarketBeat.com, EOG Resources has an average rating of “Hold” and an average target price of $157.04.

Insider Activity at EOG Resources

In other news, CEO Ezra Yacob sold 35,942 shares of the stock in a transaction that occurred on Monday, August 24th. The stock was 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 in the company, valued at approximately $36,876,797.10. This trade represents a 12.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.14% of the company’s stock.

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.