AQR Capital Management LLC Purchases 252,125 Shares of EOG Resources, Inc. (NYSE:EOG)

AQR Capital Management LLC boosted its stake in EOG Resources, Inc. (NYSE:EOG - Free Report) by 33.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,004,001 shares of the energy exploration company's stock after buying an additional 252,125 shares during the period. AQR Capital Management LLC owned 0.17% of EOG Resources worth $126,374,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. DRW Securities LLC grew its stake in EOG Resources by 871.7% in the fourth quarter. DRW Securities LLC now owns 20,891 shares of the energy exploration company's stock worth $2,527,000 after purchasing an additional 18,741 shares during the period. UniSuper Management Pty Ltd grew its stake in shares of EOG Resources by 228.4% in the 1st quarter. UniSuper Management Pty Ltd now owns 15,626 shares of the energy exploration company's stock worth $1,998,000 after buying an additional 10,868 shares during the last quarter. Bryn Mawr Capital Management LLC purchased a new stake in shares of EOG Resources in the first quarter worth $1,217,000. Processus Wealth & Capital Management LLC bought a new position in shares of EOG Resources during the fourth quarter valued at $1,570,000. Finally, Alpha DNA Investment Management LLC raised its position in shares of EOG Resources by 237.0% in the 4th quarter. Alpha DNA Investment Management LLC now owns 29,249 shares of the energy exploration company's stock worth $3,538,000 after purchasing an additional 20,570 shares during the last quarter. 89.91% of the stock is owned by institutional investors.

Insiders Place Their Bets

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 transaction, the director now owns 60,892 shares of the company's stock, valued at $7,648,035.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other EOG Resources news, EVP Michael P. Donaldson sold 11,037 shares of EOG Resources stock in a transaction on Monday, August 26th. The shares were 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 approximately $9,615,375. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Charles R. Crisp sold 6,500 shares of the business's stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total transaction of $816,400.00. Following the completion of the sale, the director now owns 60,892 shares in the company, valued at approximately $7,648,035.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,537 shares of company stock worth $2,751,612. Corporate insiders own 0.30% of the company's stock.

EOG Resources Stock Performance

EOG traded up $2.06 during midday trading on Friday, reaching $122.43. The company had a trading volume of 3,272,645 shares, compared to its average volume of 3,230,151. The business has a 50-day moving average of $125.08 and a two-hundred day moving average of $126.70. The company has a quick ratio of 1.89, a current ratio of 2.12 and a debt-to-equity ratio of 0.11. EOG Resources, Inc. has a 1 year low of $108.94 and a 1 year high of $139.67. The company has a market cap of $70.36 billion, a P/E ratio of 9.67, a P/E/G ratio of 3.27 and a beta of 1.28.

EOG Resources (NYSE:EOG - Get Free Report) last released its earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.98 by $0.18. EOG Resources had a net margin of 30.33% and a return on equity of 25.42%. The company had revenue of $6.03 billion during the quarter, compared to analyst estimates of $6.07 billion. During the same period in the prior year, the firm posted $2.49 EPS. The firm's quarterly revenue was up 8.1% compared to the same quarter last year. As a group, equities research analysts predict that EOG Resources, Inc. will post 11.91 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 17th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 2.97%. The ex-dividend date of this dividend is Thursday, October 17th. EOG Resources's dividend payout ratio is currently 28.75%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on EOG shares. Morgan Stanley cut their price target on shares of EOG Resources from $134.00 to $132.00 and set an "equal weight" rating on the stock in a report on Monday, September 16th. Bank of America reissued a "buy" rating and issued a $151.00 target price on shares of EOG Resources in a report on Friday, June 14th. Sanford C. Bernstein lowered their price target 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. StockNews.com downgraded EOG Resources from a "buy" rating to a "hold" rating in a report on Monday, September 16th. Finally, Royal Bank of Canada restated a "sector perform" rating and set a $147.00 target price on shares of EOG Resources in a research note on Wednesday, July 10th. Fourteen investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $142.89.

EOG Resources 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.