Rathbones Group PLC Acquires 1,190 Shares of EOG Resources, Inc. (NYSE:EOG)

Rathbones Group PLC lifted its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 4.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,234 shares of the energy exploration company’s stock after purchasing an additional 1,190 shares during the period. Rathbones Group PLC’s holdings in EOG Resources were worth $3,806,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EOG. Aveo Capital Partners LLC boosted its stake in EOG Resources by 4.8% in the fourth quarter. Aveo Capital Partners LLC now owns 2,194 shares of the energy exploration company’s stock valued at $265,000 after acquiring an additional 101 shares during the last quarter. Kingsview Wealth Management LLC lifted its stake in EOG Resources by 118.5% in the fourth quarter. Kingsview Wealth Management LLC now owns 6,430 shares of the energy exploration company’s stock valued at $778,000 after purchasing an additional 3,487 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in EOG Resources by 32.3% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 78,495 shares of the energy exploration company’s stock valued at $9,494,000 after purchasing an additional 19,154 shares during the period. Independent Advisor Alliance increased its position in EOG Resources by 6.6% in the fourth quarter. Independent Advisor Alliance now owns 21,557 shares of the energy exploration company’s stock worth $2,607,000 after buying an additional 1,341 shares during the last quarter. Finally, Brown Advisory Inc. raised its stake in shares of EOG Resources by 1.0% in the fourth quarter. Brown Advisory Inc. now owns 38,095 shares of the energy exploration company’s stock valued at $4,608,000 after buying an additional 394 shares during the period. 89.91% of the stock is owned by hedge funds and other institutional investors.

EOG Resources Stock Up 1.0 %

Shares of NYSE EOG opened at $119.37 on Monday. The company has a current ratio of 2.12, a quick ratio of 1.89 and a debt-to-equity ratio of 0.11. The business has a 50-day moving average of $125.93 and a 200-day moving average of $126.34. The firm has a market capitalization of $67.87 billion, a price-to-earnings ratio of 9.43, a PEG ratio of 2.95 and a beta of 1.28. EOG Resources, Inc. has a 12 month low of $108.94 and a 12 month high of $139.67.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, August 1st. The energy exploration company reported $3.16 EPS for the quarter, topping analysts’ consensus estimates of $2.98 by $0.18. The business had revenue of $6.03 billion during the quarter, compared to analysts’ expectations of $6.07 billion. EOG Resources had a net margin of 30.33% and a return on equity of 25.42%. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.49 EPS. Sell-side analysts expect that EOG Resources, Inc. will post 12.2 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $3.64 dividend on an annualized basis and a yield of 3.05%. EOG Resources’s payout ratio is 28.75%.

Insiders Place Their Bets

In other news, Director Charles R. Crisp sold 6,500 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total transaction of $816,400.00. Following the transaction, the director now directly owns 60,892 shares in the company, valued at approximately $7,648,035.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other EOG Resources news, Director Charles R. Crisp sold 6,500 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total transaction of $816,400.00. Following the transaction, the director now directly owns 60,892 shares in the company, valued at $7,648,035.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $126.48, for a total transaction of $505,920.00. Following the transaction, the chief operating officer now directly owns 35,058 shares in the company, valued at $4,434,135.84. The disclosure for this sale can be found here. Insiders sold a total of 21,537 shares of company stock valued at $2,751,612 over the last 90 days. Insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

EOG has been the subject of several research reports. StockNews.com upgraded EOG Resources from a “hold” rating to a “buy” rating in a research note on Monday, August 5th. Sanford C. Bernstein reduced their target price on shares of EOG Resources from $139.00 to $125.00 and set a “market perform” rating for the company in a research note on Wednesday, July 17th. JPMorgan Chase & Co. lowered their price target on shares of EOG Resources from $143.00 to $135.00 and set a “neutral” rating on the stock in a research report on Thursday. Susquehanna cut their price objective on shares of EOG Resources from $159.00 to $158.00 and set a “positive” rating for the company in a report on Wednesday, September 4th. Finally, Truist Financial lowered their target price on shares of EOG Resources from $136.00 to $130.00 and set a “hold” rating on the stock in a report on Monday, July 22nd. Thirteen analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $143.63.

EOG Resources Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.