HighTower Advisors LLC Buys 3,865 Shares of EOG Resources, Inc. $EOG

HighTower Advisors LLC increased its stake in EOG Resources, Inc. (NYSE:EOG) by 1.3% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 309,148 shares of the energy exploration company’s stock after buying an additional 3,865 shares during the quarter. HighTower Advisors LLC’s holdings in EOG Resources were worth $40,106,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EOG. California State Teachers Retirement System raised its stake in EOG Resources by 12,810.7% during the second quarter. California State Teachers Retirement System now owns 80,957,747 shares of the energy exploration company’s stock valued at $10,502,649,000 after buying an additional 80,330,686 shares during the last quarter. BlackRock Inc. bought a new stake in EOG Resources in the second quarter worth $5,905,587,000. State Street Corp grew its stake in shares of EOG Resources by 0.3% in the fourth quarter. State Street Corp now owns 30,562,470 shares of the energy exploration company’s stock worth $3,209,365,000 after acquiring an additional 100,080 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of EOG Resources by 1.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 19,988,840 shares of the energy exploration company’s stock worth $2,099,028,000 after acquiring an additional 371,548 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of 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 valued at $1,364,309,000 after acquiring an additional 95,260 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Up 0.2%

EOG stock opened at $145.44 on Wednesday. The stock has a market capitalization of $76.29 billion, a P/E ratio of 11.32, a P/E/G ratio of 0.54 and a beta of 0.26. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.85 and a quick ratio of 1.68. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $153.67. The business has a fifty day moving average price of $142.06 and a 200-day moving average price of $137.70.

EOG Resources (NYSE:EOG) last released its quarterly earnings data 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 analysts’ expectations of $8.04 billion. During the same period last year, the firm posted $2.32 earnings per share. EOG Resources’s revenue was up 57.4% compared to the same quarter last year. Equities analysts forecast that EOG Resources, Inc. will post 16.89 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 16th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, October 16th. EOG Resources’s dividend payout ratio (DPR) is presently 31.75%.

Insider Activity

In other news, CEO Ezra Yacob sold 35,942 shares of EOG Resources stock in a transaction that occurred 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 completion of the sale, the chief executive officer directly owned 242,451 shares in the company, valued at $36,876,797.10. The trade was a 12.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.14% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

EOG has been the subject of several recent analyst reports. Morgan Stanley set a $157.00 price target on EOG Resources and gave the stock an “equal weight” rating in a research report on Wednesday, August 19th. JPMorgan Chase & Co. cut their price objective 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. Truist Financial raised their price objective on shares of EOG Resources from $134.00 to $153.00 and gave the company a “hold” rating in a research note on Thursday, August 6th. Capital One Financial cut shares of EOG Resources from an “overweight” rating to an “equal weight” rating and set a $153.00 target price for the company. in a report on Wednesday, August 26th. Finally, Mizuho set a $157.00 target price on shares of EOG Resources and gave the stock a “neutral” rating in a research note on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seventeen have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $157.04.

EOG Resources Profile

EOG Resources, Inc is an independent exploration and production company focused on finding, developing and producing crude oil, natural gas and natural gas liquids. Its operations are concentrated primarily in the United States, with a portfolio of onshore assets in several major producing regions.

The company’s principal U.S. positions include the Delaware Basin and other areas of the Permian Basin, the Eagle Ford and Dorado plays in South Texas, and the Rocky Mountain region. EOG also has international operations in Trinidad and Tobago, where it produces natural gas and supports related energy development.

EOG traces its history to Enron Oil & Gas Company, which was established in 1990.