EOG Resources, Inc. (NYSE:EOG) Shares Sold by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc decreased its stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 2.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 774,342 shares of the energy exploration company's stock after selling 16,780 shares during the quarter. Ensign Peak Advisors Inc owned about 0.13% of EOG Resources worth $97,466,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of EOG. Sompo Asset Management Co. Ltd. purchased a new stake in EOG Resources in the second quarter valued at approximately $1,213,000. Nkcfo LLC purchased a new stake in EOG Resources during the second quarter worth about $2,398,000. Thrivent Financial for Lutherans lifted its position in shares of EOG Resources by 0.7% during the second quarter. Thrivent Financial for Lutherans now owns 242,948 shares of the energy exploration company's stock worth $30,580,000 after purchasing an additional 1,787 shares in the last quarter. Sei Investments Co. boosted its stake in shares of EOG Resources by 0.4% in the second quarter. Sei Investments Co. now owns 301,099 shares of the energy exploration company's stock valued at $37,900,000 after purchasing an additional 1,120 shares during the period. Finally, Pacer Advisors Inc. increased its stake in EOG Resources by 6.6% during the 2nd quarter. Pacer Advisors Inc. now owns 4,123,823 shares of the energy exploration company's stock worth $519,066,000 after buying an additional 255,721 shares during the period. Hedge funds and other institutional investors own 89.91% of the company's stock.

EOG Resources Trading Up 0.7 %

Shares of EOG Resources stock traded up $0.83 during trading hours on Friday, reaching $126.03. 9,400,839 shares of the company's stock were exchanged, compared to its average volume of 3,228,248. The company has a fifty day moving average of $125.65 and a 200-day moving average of $126.56. The company has a current ratio of 2.12, a quick ratio of 1.89 and a debt-to-equity ratio of 0.11. EOG Resources, Inc. has a 52-week low of $108.94 and a 52-week high of $139.67. The firm has a market capitalization of $72.43 billion, a price-to-earnings ratio of 9.95, a price-to-earnings-growth ratio of 2.95 and a beta of 1.28.

EOG Resources (NYSE:EOG - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share for the quarter, beating analysts' consensus estimates of $2.98 by $0.18. The company had revenue of $6.03 billion for the quarter, compared to analyst estimates of $6.07 billion. EOG Resources had a net margin of 30.33% and a return on equity of 25.42%. EOG Resources's revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter last year, the business earned $2.49 EPS. Sell-side analysts forecast that EOG Resources, Inc. will post 12.2 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 2.89%. The ex-dividend date is Thursday, October 17th. EOG Resources's payout ratio is currently 28.75%.

Insider Activity

In other news, Director Charles R. Crisp sold 6,500 shares of the company's stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total value of $816,400.00. Following the completion of the sale, the director now owns 60,892 shares of the company's stock, valued at $7,648,035.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other EOG Resources news, Director Charles R. Crisp sold 6,500 shares of the company's stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total value of $816,400.00. Following the completion of the transaction, the director now directly owns 60,892 shares of the company's stock, valued at approximately $7,648,035.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Michael P. Donaldson sold 11,037 shares of EOG Resources stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $129.50, for a total value of $1,429,291.50. Following the sale, the executive vice president now directly owns 74,250 shares in the company, valued at $9,615,375. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,537 shares of company stock valued at $2,751,612. Company insiders own 0.30% of the company's stock.

Wall Street Analyst Weigh In

EOG has been the topic of several analyst reports. StockNews.com cut shares of EOG Resources from a "buy" rating to a "hold" rating in a report on Monday, September 16th. Citigroup upped their price objective on shares of EOG Resources from $124.00 to $130.00 and gave the company a "neutral" rating in a research note on Friday, May 24th. Piper Sandler decreased their price objective on EOG Resources from $154.00 to $147.00 and set an "overweight" rating for the company in a report on Thursday, August 15th. Sanford C. Bernstein decreased their price target on shares of EOG Resources from $139.00 to $125.00 and set a "market perform" rating for the company in a research note on Wednesday, July 17th. Finally, Truist Financial decreased their target price on shares of EOG Resources from $136.00 to $130.00 and set a "hold" rating for the company in a research note on Monday, July 22nd. Fourteen research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, EOG Resources currently has an average rating of "Hold" and an average price target of $142.89.

EOG Resources Company Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.