Leuthold Group LLC Purchases 55,247 Shares of EOG Resources, Inc. $EOG

Leuthold Group LLC purchased a new position in shares of EOG Resources, Inc. (NYSE:EOG) in the third quarter, HoldingsChannel reports. The firm purchased 55,247 shares of the energy exploration company’s stock, valued at approximately $7,611,000.

Other hedge funds have also modified their holdings of the company. BlackRock Inc. acquired a new position in EOG Resources in the second quarter valued at about $5,905,587,000. Bank of New York Mellon Corp purchased a new position in EOG Resources during the second quarter worth about $654,899,000. Bank of America Corp DE purchased a new position in EOG Resources during the second quarter worth about $551,321,000. Deutsche Bank AG acquired a new stake in shares of EOG Resources during the second quarter valued at about $251,102,000. Finally, Robeco Institutional Asset Management B.V. increased its position in shares of EOG Resources by 357.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,971,842 shares of the energy exploration company’s stock valued at $271,641,000 after acquiring an additional 1,541,140 shares during the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

EOG Resources Price Performance

EOG Resources stock opened at $148.23 on Tuesday. The firm has a market cap of $77.75 billion, a PE ratio of 10.93, a price-to-earnings-growth ratio of 0.52 and a beta of 0.27. EOG Resources, Inc. has a 52-week low of $101.59 and a 52-week high of $165.93. 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’s 50 day moving average is $149.41 and its two-hundred day moving average is $138.03.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Thursday, November 5th. The energy exploration company reported $4.87 EPS for the quarter, beating the consensus estimate of $4.45 by $0.42. The company had revenue of $8.55 billion during the quarter, compared to analysts’ expectations of $7.26 billion. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The firm’s revenue was up 46.2% compared to the same quarter last year. During the same quarter last year, the company posted $2.71 EPS. On average, research analysts expect that EOG Resources, Inc. will post 17.72 EPS for the current fiscal year.

EOG Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 29th. Stockholders of record on Friday, January 15th will be paid a $1.10 dividend. The ex-dividend date is Friday, January 15th. This is an increase from EOG Resources’s previous quarterly dividend of $1.02. This represents a $4.40 annualized dividend and a dividend yield of 3.0%. EOG Resources’s payout ratio is 26.36%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on EOG shares. Seaport Research Partners assumed coverage on shares of EOG Resources in a research note on Thursday, September 3rd. They issued a “neutral” rating on the stock. Wall Street Zen raised shares of EOG Resources from a “hold” rating to a “buy” rating in a research report on Saturday, September 26th. Morgan Stanley increased their price objective on shares of EOG Resources from $157.00 to $163.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 15th. Weiss Ratings upgraded shares of EOG Resources from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, September 8th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $151.00 target price (up from $127.00) on shares of EOG Resources in a research report on Monday, August 24th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and seventeen have given a Hold rating to the company. According to MarketBeat.com, EOG Resources presently has an average rating of “Hold” and a consensus target price of $161.96.

Insider Activity

In related news, COO Jeffrey R. Leitzell sold 9,039 shares of the business’s stock in a transaction on Friday, September 25th. The stock was sold at an average price of $140.61, for a total transaction of $1,270,973.79. Following the completion of the transaction, the chief operating officer directly owned 90,790 shares of the company’s stock, valued at $12,765,981.90. The trade was a 9.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Michael P. Donaldson sold 7,336 shares of the business’s stock in a transaction on Friday, September 11th. The stock was sold at an average price of $148.00, for a total value of $1,085,728.00. Following the transaction, the executive vice president directly owned 100,558 shares of the company’s stock, valued at $14,882,584. The trade was a 6.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 52,317 shares of company stock worth $7,823,480. Corporate insiders own 0.14% of the company’s stock.

EOG Resources Company Profile

EOG Resources is an independent energy company focused on exploring for, developing and producing crude oil, natural gas and natural gas liquids. Its operations include drilling and managing wells, with a focus on resources in shale and other tight-rock formations.

The company’s activities are concentrated in the United States, including major producing regions such as the Permian Basin and Eagle Ford. EOG also has international operations, including in Trinidad and Tobago and the United Arab Emirates.

Founded in 1985 as Enron Oil & Gas, the company became independent in 1999 and adopted the name EOG Resources.