Quantbot Technologies LP Invests $1.15 Million in EOG Resources, Inc. $EOG

Quantbot Technologies LP acquired a new stake in shares of EOG Resources, Inc. (NYSE:EOG) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 8,899 shares of the energy exploration company’s stock, valued at approximately $1,154,000.

A number of other hedge funds also recently made changes to their positions in the stock. Acumen Wealth Advisors LLC bought a new position in EOG Resources in the fourth quarter valued at $25,000. SJS Investment Consulting Inc. lifted its stake in EOG Resources by 225.5% during the first quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock worth $26,000 after purchasing an additional 124 shares during the last quarter. Prosperity Bancshares Inc bought a new stake in EOG Resources during the fourth quarter worth about $26,000. Nemes Rush Group LLC purchased a new position in shares of EOG Resources in the 4th quarter worth about $30,000. Finally, Financial Life Planners purchased a new position in shares of EOG Resources in the 1st quarter worth about $30,000. 89.91% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Ezra Y. Yacob sold 35,942 shares of the stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $152.10, for a total transaction of $5,466,778.20. Following the completion of the sale, the chief executive officer owned 242,451 shares of the company’s stock, valued at approximately $36,876,797.10. This represents a 12.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

EOG has been the topic of several recent research reports. The Goldman Sachs Group reiterated a “neutral” rating and set a $151.00 price objective (up from $127.00) on shares of EOG Resources in a research report on Monday. Capital One Financial dropped their target price on EOG Resources from $161.00 to $159.00 and set an “overweight” rating for the company in a research report on Wednesday, June 3rd. Truist Financial upped their target price on EOG Resources from $134.00 to $153.00 and gave the stock a “hold” rating in a research note on Thursday, August 6th. Freedom Capital cut shares of EOG Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Finally, Barclays set a $147.00 price target on shares of EOG Resources and gave the stock an “equal weight” rating in a research note on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and sixteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $156.22.

EOG Resources Stock Down 2.2%

EOG opened at $146.90 on Wednesday. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $153.67. The company has a current ratio of 1.85, a quick ratio of 1.68 and a debt-to-equity ratio of 0.25. The business’s 50-day moving average price is $139.41 and its 200-day moving average price is $135.70. The company has a market cap of $77.05 billion, a P/E ratio of 11.43, a P/E/G ratio of 0.56 and a beta of 0.25.

EOG Resources (NYSE:EOG) last issued its earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share for the quarter, beating the consensus estimate of $4.97 by $0.10. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%.The company had revenue of $8.62 billion during the quarter, compared to analysts’ expectations of $8.04 billion. During the same period in the prior year, the business posted $2.32 EPS. EOG Resources’s quarterly revenue was up 57.4% compared to the same quarter last year. On average, equities analysts expect that EOG Resources, Inc. will post 16.87 EPS for the current year.

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be given a $1.02 dividend. The ex-dividend date is Friday, October 16th. This represents a $4.08 annualized dividend and a yield of 2.8%. EOG Resources’s payout ratio is presently 31.75%.

EOG Resources Company Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.