EOG Resources, Inc. $EOG Shares Bought by Ifrah Financial Services Inc.

Ifrah Financial Services Inc. increased its stake in EOG Resources, Inc. (NYSE:EOG) by 100.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,867 shares of the energy exploration company’s stock after acquiring an additional 3,944 shares during the period. Ifrah Financial Services Inc.’s holdings in EOG Resources were worth $1,084,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. BlackRock Inc. bought a new stake in EOG Resources during the second quarter worth approximately $5,905,587,000. Dimensional Fund Advisors LP boosted its stake in EOG Resources by 0.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,865,073 shares of the energy exploration company’s stock valued at $848,228,000 after purchasing an additional 54,091 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in EOG Resources by 5.5% during the 1st quarter. Bank of New York Mellon Corp now owns 4,928,984 shares of the energy exploration company’s stock valued at $712,583,000 after purchasing an additional 259,015 shares in the last quarter. Bank of America Corp DE acquired a new position in shares of EOG Resources during the 2nd quarter valued at $551,321,000. Finally, First Trust Advisors LP increased its position in shares of EOG Resources by 15.7% during the 1st quarter. First Trust Advisors LP now owns 3,446,002 shares of the energy exploration company’s stock valued at $498,189,000 after purchasing an additional 468,090 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on EOG. UBS Group reissued a “buy” rating and issued a $186.00 price objective (up from $183.00) on shares of EOG Resources in a research note on Friday. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $151.00 target price (up from $127.00) on shares of EOG Resources in a research note on Monday, August 24th. Barclays set a $147.00 target price on EOG Resources and gave the stock an “equal weight” rating in a report on Monday, August 17th. Jefferies Financial Group reaffirmed a “buy” rating and set a $185.00 target price on shares of EOG Resources in a report on Saturday, October 3rd. Finally, Freedom Capital cut shares of EOG Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eighteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $159.80.

Insider Transactions at EOG Resources

In other news, CEO Ezra Y. Yacob sold 35,942 shares of the business’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 sale, the chief executive officer directly owned 242,451 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Michael P. Donaldson sold 7,336 shares of the company’s stock in a transaction on Friday, September 11th. The shares were sold at an average price of $148.00, for a total value of $1,085,728.00. Following the sale, the executive vice president directly owned 100,558 shares of the company’s stock, valued at approximately $14,882,584. This represents a 6.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 52,317 shares of company stock valued at $7,823,480 in the last three months. 0.14% of the stock is currently owned by corporate insiders.

EOG Resources Stock Up 1.9%

EOG stock opened at $153.34 on Wednesday. The firm has a market cap of $80.43 billion, a PE ratio of 11.18, a P/E/G ratio of 0.55 and a beta of 0.36. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $154.16. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.85 and a quick ratio of 1.68. The firm has a 50 day simple moving average of $144.79 and a 200 day simple moving average of $140.10.

EOG Resources (NYSE:EOG) last posted its quarterly 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. The firm had revenue of $8.62 billion for the quarter, compared to analyst estimates of $8.04 billion. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The firm’s quarterly revenue was up 57.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.32 earnings per share. Equities research analysts forecast that EOG Resources, Inc. will post 17.13 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 16th will be paid a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, October 16th. This represents a $4.08 annualized dividend and a dividend yield of 2.7%. EOG Resources’s dividend payout ratio (DPR) is currently 31.75%.

EOG Resources Company Profile

EOG Resources, Inc is an independent exploration and production company engaged in finding, developing, producing and marketing crude oil, natural gas liquids and natural gas. The company focuses on large-scale, onshore assets and applies drilling, completion and other technologies to develop unconventional oil and natural gas resources.

EOG’s principal operations are located in the United States, including the Permian Basin in Texas and New Mexico, the Eagle Ford in South Texas and the Rocky Mountain region.