13,514 Shares in EOG Resources, Inc. (NYSE:EOG) Purchased by DRW Securities LLC

DRW Securities LLC bought a new position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 13,514 shares of the energy exploration company's stock, valued at approximately $1,710,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Riverview Trust Co acquired a new stake in EOG Resources in the second quarter valued at $27,000. MFA Wealth Advisors LLC bought a new stake in shares of EOG Resources in the 2nd quarter valued at about $28,000. Gladius Capital Management LP bought a new stake in shares of EOG Resources in the 2nd quarter valued at about $30,000. Triad Wealth Partners LLC acquired a new stake in shares of EOG Resources in the second quarter valued at about $35,000. Finally, Norwood Financial Corp bought a new position in shares of EOG Resources during the first quarter worth about $37,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on EOG shares. Morgan Stanley reduced their target price on EOG Resources from $134.00 to $132.00 and set an "equal weight" rating on the stock in a report on Monday, September 16th. Truist Financial decreased their price objective on shares of EOG Resources from $136.00 to $130.00 and set a "hold" rating for the company in a research report on Monday, July 22nd. JPMorgan Chase & Co. lowered their target price on shares of EOG Resources from $143.00 to $135.00 and set a "neutral" rating for the company in a research note on Thursday, September 12th. Sanford C. Bernstein dropped their price objective on EOG Resources from $139.00 to $125.00 and set a "market perform" rating on the stock in a report on Wednesday, July 17th. Finally, StockNews.com downgraded shares of EOG Resources from a "buy" rating to a "hold" rating in a report on Monday, September 16th. Fourteen equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, EOG Resources has a consensus rating of "Hold" and an average price target of $142.89.

Insider Activity

In other EOG Resources news, EVP Michael P. Donaldson sold 11,037 shares of the company's stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the completion of the sale, the executive vice president now directly owns 74,250 shares of the company's stock, valued at approximately $9,615,375. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, EVP Michael P. Donaldson sold 11,037 shares of the business's stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the sale, the executive vice president now owns 74,250 shares of the company's stock, valued at $9,615,375. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the company's stock in a transaction on Friday, August 9th. The shares were sold at an average price of $126.48, for a total value of $505,920.00. Following the completion of the sale, the chief operating officer now directly owns 35,058 shares in the company, valued at approximately $4,434,135.84. The disclosure for this sale can be found here. In the last three months, insiders sold 21,537 shares of company stock valued at $2,751,612. Insiders own 0.30% of the company's stock.

EOG Resources Trading Up 0.7 %

Shares of NYSE EOG traded up $0.83 during trading on Friday, hitting $126.03. 9,400,839 shares of the company were exchanged, compared to its average volume of 3,228,248. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.89 and a current ratio of 2.12. The firm has a market capitalization of $72.43 billion, a PE ratio of 9.95, a P/E/G ratio of 2.95 and a beta of 1.28. The company has a fifty day moving average price of $125.65 and a 200-day moving average price of $126.63. EOG Resources, Inc. has a 12-month low of $108.94 and a 12-month high of $139.67.

EOG Resources (NYSE:EOG - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.98 by $0.18. The firm had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $6.07 billion. EOG Resources had a return on equity of 25.42% and a net margin of 30.33%. The company's quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.49 EPS. As a group, equities research analysts expect that EOG Resources, Inc. will post 12.2 EPS for the current year.

EOG Resources Dividend Announcement

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

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.