Legal & General Group Plc Purchases 403,676 Shares of EOG Resources, Inc. (NYSE:EOG)

Legal & General Group Plc boosted its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 9.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,840,705 shares of the energy exploration company's stock after buying an additional 403,676 shares during the quarter. Legal & General Group Plc owned 0.84% of EOG Resources worth $609,300,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of EOG. Wright Investors Service Inc. increased its position in shares of EOG Resources by 0.8% in the first quarter. Wright Investors Service Inc. now owns 10,163 shares of the energy exploration company's stock worth $1,299,000 after acquiring an additional 80 shares in the last quarter. CVA Family Office LLC raised its stake in EOG Resources by 11.0% during the 2nd quarter. CVA Family Office LLC now owns 820 shares of the energy exploration company's stock valued at $103,000 after purchasing an additional 81 shares during the period. Bailard Inc. lifted its holdings in shares of EOG Resources by 0.4% in the second quarter. Bailard Inc. now owns 19,899 shares of the energy exploration company's stock valued at $2,505,000 after purchasing an additional 81 shares in the last quarter. Field & Main Bank boosted its position in shares of EOG Resources by 1.4% in the first quarter. Field & Main Bank now owns 6,163 shares of the energy exploration company's stock worth $788,000 after buying an additional 83 shares during the period. Finally, PDS Planning Inc grew its holdings in shares of EOG Resources by 4.1% during the first quarter. PDS Planning Inc now owns 2,152 shares of the energy exploration company's stock valued at $275,000 after buying an additional 84 shares in the last quarter. Institutional investors own 89.91% of the company's stock.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on EOG shares. Scotiabank reduced their price objective on EOG Resources from $155.00 to $150.00 and set a "sector perform" rating for the company in a research note on Friday, July 12th. Wolfe Research began coverage on shares of EOG Resources in a report on Thursday, July 18th. They set a "peer perform" rating for the company. StockNews.com downgraded shares of EOG Resources from a "buy" rating to a "hold" rating in a research report on Monday, September 16th. Morgan Stanley decreased their target price on shares of EOG Resources from $134.00 to $132.00 and set an "equal weight" rating for the company in a research note on Monday, September 16th. Finally, Piper Sandler dropped their price target on shares of EOG Resources from $154.00 to $147.00 and set an "overweight" rating on the stock in a research note on Thursday, August 15th. Fourteen 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 company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $142.89.

EOG Resources Stock Performance

NYSE EOG traded up $2.07 during trading on Friday, hitting $122.44. The company's stock had a trading volume of 3,273,020 shares, compared to its average volume of 3,230,151. EOG Resources, Inc. has a 52 week low of $108.94 and a 52 week high of $139.67. The firm has a market cap of $70.37 billion, a P/E ratio of 9.67, a price-to-earnings-growth ratio of 3.27 and a beta of 1.28. The firm has a 50 day moving average price of $124.94 and a 200 day moving average price of $126.76. 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 (NYSE:EOG - Get Free Report) last announced its earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.98 by $0.18. The business 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 was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.49 earnings per share. Equities research analysts forecast that EOG Resources, Inc. will post 11.91 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

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

About EOG Resources

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.