Jupiter Topco LLC Buys New Holdings in EOG Resources, Inc. $EOG

Jupiter Topco LLC purchased a new position in EOG Resources, Inc. (NYSE:EOG) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,071,335 shares of the energy exploration company’s stock, valued at approximately $138,987,000.

A number of other institutional investors also recently bought and sold shares of EOG. Acumen Wealth Advisors LLC purchased a new stake in shares of EOG Resources in the 4th quarter valued at $25,000. SJS Investment Consulting Inc. raised its holdings in shares of EOG Resources by 225.5% during the first quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock worth $26,000 after purchasing an additional 124 shares during the last quarter. Prosperity Bancshares Inc purchased a new position in shares of EOG Resources during the fourth quarter worth $26,000. Nemes Rush Group LLC acquired a new position in EOG Resources during the fourth quarter valued at $30,000. Finally, Financial Life Planners purchased a new stake in EOG Resources in the first quarter valued at $30,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other EOG Resources news, CEO Ezra Y. Yacob sold 35,942 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $152.10, for a total value of $5,466,778.20. Following the sale, the chief executive officer directly owned 242,451 shares of the company’s stock, 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 hyperlink. Insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

EOG has been the topic of several analyst reports. Wells Fargo & Company reaffirmed an “overweight” rating and set a $193.00 price target (down from $196.00) on shares of EOG Resources in a research report on Thursday, August 13th. Roth Capital restated a “neutral” rating and issued a $138.00 target price on shares of EOG Resources in a research note on Wednesday, August 5th. Stephens dropped their target price on EOG Resources from $170.00 to $167.00 in a report on Wednesday, May 6th. Susquehanna reiterated a “positive” rating and set a $170.00 price target (up from $166.00) on shares of EOG Resources in a research report on Tuesday, July 21st. Finally, UBS Group decreased their price target on EOG Resources from $168.00 to $158.00 and set a “buy” rating for the company in a report on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seventeen have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $156.00.

EOG Resources Stock Down 1.3%

EOG opened at $144.95 on Thursday. The company has a fifty day moving average of $139.64 and a two-hundred day moving average of $135.92. The stock has a market capitalization of $76.03 billion, a price-to-earnings ratio of 11.28, a PEG ratio of 0.54 and a beta 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 company has a debt-to-equity ratio of 0.25, a quick ratio of 1.68 and a current ratio of 1.85.

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, topping the consensus estimate of $4.97 by $0.10. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The business had revenue of $8.62 billion for the quarter, compared to analyst estimates of $8.04 billion. During the same period in the prior year, the company posted $2.32 EPS. The company’s revenue for the quarter was up 57.4% on a year-over-year basis. On average, research analysts expect that EOG Resources, Inc. will post 16.87 earnings per share for the current year.

EOG Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be given a dividend of $1.02 per share. The ex-dividend date is Friday, October 16th. This represents a $4.08 dividend on an annualized basis and a yield of 2.8%. EOG Resources’s dividend payout ratio is currently 31.75%.

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.