Healthcare of Ontario Pension Plan Trust Fund Makes New $106.99 Million Investment in EOG Resources, Inc. (NYSE:EOG)

Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 850,000 shares of the energy exploration company's stock, valued at approximately $106,990,000. Healthcare of Ontario Pension Plan Trust Fund owned 0.15% of EOG Resources at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EOG. Riverview Trust Co acquired a new stake in EOG Resources during the 2nd quarter valued at $27,000. MFA Wealth Advisors LLC acquired a new stake in shares of EOG Resources in the 2nd quarter valued at $28,000. Gladius Capital Management LP acquired a new stake in shares of EOG Resources in the 2nd quarter valued at $30,000. Triad Wealth Partners LLC acquired a new stake in shares of EOG Resources in the 2nd quarter valued at $35,000. Finally, Norwood Financial Corp acquired a new stake in shares of EOG Resources in the 1st quarter valued at $37,000. 89.91% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Charles R. Crisp sold 6,500 shares of the business'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 sale, the director now directly owns 60,892 shares in the company, valued at $7,648,035.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, EVP Michael P. Donaldson sold 11,037 shares of the company's stock in a transaction dated 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 sale, the executive vice president now owns 74,250 shares in the company, valued at $9,615,375. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 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. Insiders have sold a total of 21,537 shares of company stock worth $2,751,612 over the last three months. Corporate insiders own 0.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on EOG shares. KeyCorp started coverage on EOG Resources in a research note on Thursday, June 27th. They issued an "overweight" rating and a $157.00 target price for the company. Wolfe Research began coverage on EOG Resources in a research note on Thursday, July 18th. They set a "peer perform" rating for the company. Bank of America reaffirmed a "buy" rating and set a $151.00 price objective on shares of EOG Resources in a research note on Friday, June 14th. Evercore ISI decreased their price objective on EOG Resources from $150.00 to $145.00 and set an "outperform" rating for the company in a research note on Monday. Finally, JPMorgan Chase & Co. decreased their price objective on EOG Resources from $143.00 to $135.00 and set a "neutral" rating for the company in a research note on Thursday, September 12th. Fourteen research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, EOG Resources currently has a consensus rating of "Hold" and an average price target of $142.15.

EOG Resources Stock Up 1.9 %

Shares of EOG Resources stock traded up $2.46 during trading on Thursday, reaching $130.79. The stock had a trading volume of 2,599,777 shares, compared to its average volume of 3,227,153. The company has a market capitalization of $75.17 billion, a price-to-earnings ratio of 10.33, a P/E/G ratio of 3.27 and a beta of 1.28. The stock has a fifty day moving average price of $125.05 and a two-hundred day moving average price of $126.85. EOG Resources, Inc. has a 52 week low of $108.94 and a 52 week high of $139.67. 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 (NYSE:EOG - Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The energy exploration company reported $3.16 EPS 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 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 period in the previous year, the company posted $2.49 earnings per share. Sell-side analysts predict that EOG Resources, Inc. will post 11.91 EPS for the current fiscal year.

EOG Resources Announces Dividend

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. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.78%. EOG Resources's dividend payout ratio (DPR) is 28.75%.

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.