Mackenzie Financial Corp Raises Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

Mackenzie Financial Corp lifted its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 49.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 83,686 shares of the energy exploration company's stock after purchasing an additional 27,787 shares during the quarter. Mackenzie Financial Corp's holdings in EOG Resources were worth $10,534,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of EOG. DRW Securities LLC increased its position in EOG Resources by 871.7% in the 4th quarter. DRW Securities LLC now owns 20,891 shares of the energy exploration company's stock valued at $2,527,000 after acquiring an additional 18,741 shares in the last quarter. UniSuper Management Pty Ltd lifted its stake in EOG Resources by 228.4% in the first quarter. UniSuper Management Pty Ltd now owns 15,626 shares of the energy exploration company's stock valued at $1,998,000 after buying an additional 10,868 shares in the last quarter. Bryn Mawr Capital Management LLC bought a new position in EOG Resources in the first quarter valued at approximately $1,217,000. Processus Wealth & Capital Management LLC acquired a new stake in shares of EOG Resources in the fourth quarter valued at approximately $1,570,000. Finally, Romano Brothers AND Company acquired a new stake in shares of EOG Resources in the first quarter valued at approximately $1,349,000. 89.91% of the stock is owned by institutional investors.

Insider Transactions at EOG Resources

In related news, Director Charles R. Crisp sold 6,500 shares of the firm's stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total value of $816,400.00. Following the sale, the director now directly owns 60,892 shares of the company's stock, valued at $7,648,035.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Charles R. Crisp sold 6,500 shares of EOG Resources stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total value of $816,400.00. Following the sale, the director now owns 60,892 shares in the company, valued at $7,648,035.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Michael P. Donaldson sold 11,037 shares of the firm'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 transaction, the executive vice president now directly owns 74,250 shares of the company's stock, valued at approximately $9,615,375. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,537 shares of company stock valued at $2,751,612. 0.30% of the stock is currently owned by corporate insiders.

EOG Resources Price Performance

Shares of EOG Resources stock traded up $3.86 on Tuesday, reaching $126.79. The stock had a trading volume of 2,033,149 shares, compared to its average volume of 3,225,599. 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 $72.87 billion, a P/E ratio of 10.02, a price-to-earnings-growth ratio of 3.27 and a beta of 1.28. The company has a current ratio of 2.12, a quick ratio of 1.89 and a debt-to-equity ratio of 0.11. The business's 50 day moving average is $124.87 and its two-hundred day moving average is $126.78.

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 (EPS) for the quarter, topping analysts' consensus estimates of $2.98 by $0.18. EOG Resources had a net margin of 30.33% and a return on equity of 25.42%. The firm had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $6.07 billion. During the same period in the prior year, the firm posted $2.49 earnings per share. The company's revenue for the quarter was up 8.1% on a year-over-year basis. As a group, research analysts anticipate that EOG Resources, Inc. will post 11.91 EPS for the current year.

EOG Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date is Thursday, October 17th. EOG Resources's payout ratio is 28.75%.

Analyst Ratings Changes

A number of analysts have recently issued reports on EOG shares. Piper Sandler lowered their price objective on shares of EOG Resources from $154.00 to $147.00 and set an "overweight" rating on the stock in a report on Thursday, August 15th. Truist Financial lowered their target price on shares of EOG Resources from $130.00 to $115.00 and set a "hold" rating on the stock in a report on Monday. Susquehanna lowered their target price on shares of EOG Resources from $159.00 to $158.00 and set a "positive" rating on the stock in a report on Wednesday, September 4th. Sanford C. Bernstein lowered their target price on shares of 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, Scotiabank decreased their price objective on shares of EOG Resources from $155.00 to $150.00 and set a "sector perform" rating on the stock in a report on Friday, July 12th. Fourteen investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, EOG Resources has an average rating of "Hold" and an average target price of $142.50.

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.