EOG Resources, Inc. (NYSE:EOG) Shares Acquired by ZWJ Investment Counsel Inc.

ZWJ Investment Counsel Inc. increased its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 15.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,636 shares of the energy exploration company's stock after acquiring an additional 5,597 shares during the quarter. ZWJ Investment Counsel Inc.'s holdings in EOG Resources were worth $5,118,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. UniSuper Management Pty Ltd raised its stake in shares of EOG Resources by 228.4% during the first quarter. UniSuper Management Pty Ltd now owns 15,626 shares of the energy exploration company's stock worth $1,998,000 after purchasing an additional 10,868 shares during the last quarter. Bryn Mawr Capital Management LLC acquired a new stake in shares of EOG Resources in the 1st quarter worth $1,217,000. Romano Brothers AND Company purchased a new stake in shares of EOG Resources in the first quarter valued at about $1,349,000. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of EOG Resources by 57.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 380,287 shares of the energy exploration company's stock worth $46,192,000 after acquiring an additional 138,869 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its holdings in EOG Resources by 0.7% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,491,898 shares of the energy exploration company's stock worth $190,724,000 after purchasing an additional 9,894 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company's stock.

EOG Resources Trading Up 0.5 %

EOG stock traded up $0.59 during midday trading on Thursday, hitting $127.04. The stock had a trading volume of 2,971,239 shares, compared to its average volume of 3,181,395. The company's 50-day moving average price is $126.24 and its 200 day moving average price is $127.17. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.12 and a quick ratio of 1.89. The firm has a market cap of $73.01 billion, a PE ratio of 10.03, a price-to-earnings-growth ratio of 3.38 and a beta of 1.28. 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 released its earnings results on Thursday, August 1st. The energy exploration company reported $3.16 EPS for the quarter, beating the consensus estimate of $2.98 by $0.18. EOG Resources had a return on equity of 25.42% and a net margin of 30.33%. The firm 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 earnings per share. The business's quarterly revenue was up 8.1% compared to the same quarter last year. On average, equities research analysts predict that EOG Resources, Inc. will post 11.83 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 given a $0.91 dividend. The ex-dividend date is Thursday, October 17th. This represents a $3.64 annualized dividend and a dividend yield of 2.87%. EOG Resources's dividend payout ratio is presently 28.75%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. KeyCorp dropped their target price on EOG Resources from $157.00 to $150.00 and set an "overweight" rating on the stock in a research report on Wednesday. Scotiabank cut their price objective on EOG Resources from $150.00 to $140.00 and set a "sector perform" rating for the company in a research report on Thursday, October 10th. Barclays decreased their target price on shares of EOG Resources from $144.00 to $137.00 and set an "equal weight" rating on the stock in a research report on Thursday, October 3rd. Morgan Stanley cut their price target on shares of EOG Resources from $134.00 to $132.00 and set an "equal weight" rating for the company in a report on Monday, September 16th. Finally, Truist Financial decreased their price objective on shares of EOG Resources from $130.00 to $115.00 and set a "hold" rating on the stock in a report on Monday, September 30th. Fourteen 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $141.20.

Insider Activity at EOG Resources

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 transaction, the executive vice president now owns 74,250 shares in the company, valued at $9,615,375. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Charles R. Crisp sold 6,500 shares of the 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 sale, the director now owns 60,892 shares in the company, valued at approximately $7,648,035.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Michael P. Donaldson sold 11,037 shares of the stock in a transaction that occurred on 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 completion of the sale, the executive vice president now directly owns 74,250 shares of the company's stock, valued at $9,615,375. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,537 shares of company stock worth $2,751,612. 0.30% of the stock is owned by company insiders.

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.