iSAM Funds UK Ltd Makes New Investment in EOG Resources, Inc. $EOG

iSAM Funds UK Ltd bought a new stake in shares of EOG Resources, Inc. (NYSE:EOG) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 14,000 shares of the energy exploration company’s stock, valued at approximately $1,816,000. EOG Resources makes up 1.3% of iSAM Funds UK Ltd’s portfolio, making the stock its 8th biggest position.

A number of other large investors also recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in shares of EOG Resources during the second quarter worth approximately $5,905,587,000. State Street Corp increased its stake in EOG Resources by 0.3% in the 4th quarter. State Street Corp now owns 30,562,470 shares of the energy exploration company’s stock valued at $3,209,365,000 after buying an additional 100,080 shares during the period. Charles Schwab Investment Management Inc. increased its stake in EOG Resources by 1.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 19,988,840 shares of the energy exploration company’s stock valued at $2,099,028,000 after buying an additional 371,548 shares during the period. Geode Capital Management LLC lifted its position in EOG Resources by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 13,046,709 shares of the energy exploration company’s stock worth $1,364,309,000 after buying an additional 95,260 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in EOG Resources by 1.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,507,760 shares of the energy exploration company’s stock worth $683,382,000 after buying an additional 122,112 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Stock Up 0.3%

EOG opened at $148.75 on Thursday. The firm has a market cap of $78.03 billion, a P/E ratio of 11.58, a price-to-earnings-growth ratio of 0.55 and a beta of 0.26. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.68 and a current ratio of 1.85. The business has a 50 day moving average price of $140.99 and a 200 day moving average price of $137.01. EOG Resources, Inc. has a twelve month low of $101.59 and a twelve month high of $153.67.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 EPS for the quarter, beating the consensus estimate of $4.97 by $0.10. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%.The company had revenue of $8.62 billion for the quarter, compared to the consensus estimate of $8.04 billion. During the same quarter last year, the company posted $2.32 earnings per share. The company’s revenue for the quarter was up 57.4% compared to the same quarter last year. Research analysts forecast that EOG Resources, Inc. will post 16.87 EPS for the current year.

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 16th will be paid a $1.02 dividend. The ex-dividend date is Friday, October 16th. This represents a $4.08 dividend on an annualized basis and a yield of 2.7%. EOG Resources’s dividend payout ratio (DPR) is presently 31.75%.

Analyst Ratings Changes

EOG has been the topic of several research analyst reports. Sanford C. Bernstein lowered 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 report on Wednesday, May 20th. Raymond James Financial reiterated a “strong-buy” rating and set a $183.00 price objective on shares of EOG Resources in a report on Monday, August 3rd. Wells Fargo & Company reissued an “overweight” rating and set a $193.00 price objective (down from $196.00) on shares of EOG Resources in a research report on Thursday, August 13th. Jefferies Financial Group restated a “buy” rating and issued a $175.00 target price (up from $170.00) on shares of EOG Resources in a research note on Thursday, July 2nd. Finally, The Goldman Sachs Group reaffirmed 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. 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 company currently has a consensus rating of “Hold” and a consensus target price of $157.04.

Insider Buying and Selling

In related news, CEO Ezra Y. Yacob sold 35,942 shares of EOG Resources stock in a transaction on Monday, August 24th. The shares were sold at an average price of $152.10, for a total value of $5,466,778.20. Following the transaction, the chief executive officer owned 242,451 shares in the company, valued at $36,876,797.10. This trade represents a 12.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.14% of the stock is owned by company 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.