5,727 Shares in EOG Resources, Inc. $EOG Acquired by Palogic Value Management L.P.

Palogic Value Management L.P. 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 Securities and Exchange Commission (SEC). The institutional investor purchased 5,727 shares of the energy exploration company’s stock, valued at approximately $743,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of EOG Resources during the second quarter worth approximately $5,905,587,000. State Street Corp grew its position 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 purchasing an additional 100,080 shares during the period. Charles Schwab Investment Management Inc. increased its stake in EOG Resources by 1.9% during 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 purchasing an additional 371,548 shares in the last quarter. Geode Capital Management LLC raised its holdings in EOG Resources by 0.7% during the fourth 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 during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of EOG Resources by 1.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,507,760 shares of the energy exploration company’s stock valued at $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 Down 1.3%

EOG Resources stock opened at $144.95 on Thursday. EOG Resources, Inc. has a fifty-two week low of $101.59 and a fifty-two week high of $153.67. The stock has a market cap of $76.03 billion, a PE ratio of 11.28, a price-to-earnings-growth ratio of 0.54 and a beta of 0.25. The firm’s 50-day simple moving average is $139.64 and its 200 day simple moving average is $135.92. 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 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 firm had revenue of $8.62 billion for the quarter, compared to analysts’ expectations of $8.04 billion. During the same quarter last year, the firm earned $2.32 EPS. The company’s quarterly revenue was up 57.4% compared to the same quarter last year. Research analysts predict that EOG Resources, Inc. will post 16.87 EPS for the current fiscal year.

EOG Resources Announces Dividend

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

Insider Transactions at EOG Resources

In other news, CEO Ezra Y. Yacob sold 35,942 shares of the firm’s stock in a transaction 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 completion of the sale, the chief executive officer directly owned 242,451 shares of the company’s stock, valued at $36,876,797.10. This trade represents a 12.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.14% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Jefferies Financial Group reiterated a “buy” rating and set a $175.00 price objective (up from $170.00) on shares of EOG Resources in a report on Thursday, July 2nd. JPMorgan Chase & Co. dropped their price target on shares of EOG Resources from $148.00 to $142.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 30th. Morgan Stanley set a $157.00 price target on EOG Resources and gave the company an “equal weight” rating in a research note on Wednesday, August 19th. Mizuho set a $157.00 price objective on EOG Resources and gave the stock a “neutral” rating in a report on Wednesday, May 27th. Finally, Raymond James Financial reissued a “strong-buy” rating and issued a $183.00 price objective on shares of EOG Resources in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seventeen have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $156.00.

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.