Odyssean LLC Takes $1.15 Million Position in EOG Resources, Inc. $EOG

Odyssean LLC acquired a new position in EOG Resources, Inc. (NYSE:EOG) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,840 shares of the energy exploration company’s stock, valued at approximately $1,147,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Summitry LLC increased its holdings in EOG Resources by 1.5% in the 1st quarter. Summitry LLC now owns 4,832 shares of the energy exploration company’s stock valued at $699,000 after purchasing an additional 73 shares during the last quarter. Twin Capital Management Inc. lifted its stake in EOG Resources by 0.3% during the first quarter. Twin Capital Management Inc. now owns 23,980 shares of the energy exploration company’s stock worth $3,467,000 after purchasing an additional 79 shares in the last quarter. Sax Wealth Advisors LLC lifted its stake in EOG Resources by 2.8% during the second quarter. Sax Wealth Advisors LLC now owns 2,907 shares of the energy exploration company’s stock worth $377,000 after purchasing an additional 79 shares in the last quarter. Paladin Wealth LLC boosted its position in shares of EOG Resources by 5.3% during the second quarter. Paladin Wealth LLC now owns 1,593 shares of the energy exploration company’s stock worth $207,000 after buying an additional 80 shares during the period. Finally, Hardy Reed LLC boosted its position in shares of EOG Resources by 3.8% during the first quarter. Hardy Reed LLC now owns 2,251 shares of the energy exploration company’s stock worth $325,000 after buying an additional 82 shares during the period. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Insiders Place Their Bets

In other EOG Resources news, CEO Ezra Y. Yacob sold 35,942 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer owned 242,451 shares in the company, valued at $36,876,797.10. This represents a 12.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.14% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently issued reports on EOG. The Goldman Sachs Group reiterated a “neutral” rating and issued a $151.00 price objective (up from $127.00) on shares of EOG Resources in a report on Monday. Zacks Research cut EOG Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 27th. Susquehanna reaffirmed a “positive” rating and issued a $170.00 target price (up from $166.00) on shares of EOG Resources in a research report on Tuesday, July 21st. Truist Financial lifted their target price on EOG Resources from $134.00 to $153.00 and gave the company a “hold” rating in a research report on Thursday, August 6th. Finally, Roth Capital reiterated a “neutral” rating and set a $138.00 price target on shares of EOG Resources in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seventeen have given a Hold rating to the company. According to data from MarketBeat.com, EOG Resources currently has an average rating of “Hold” and a consensus price target of $156.00.

EOG Resources Stock Performance

NYSE:EOG opened at $144.95 on Thursday. The company has a fifty day simple moving average of $139.64 and a two-hundred day simple moving average of $135.92. The company has a market cap of $76.03 billion, a price-to-earnings ratio of 11.28, a price-to-earnings-growth ratio of 0.54 and a beta of 0.25. The company has a quick ratio of 1.68, a current ratio of 1.85 and a debt-to-equity ratio of 0.25. EOG Resources, Inc. has a 52 week low of $101.59 and a 52 week high of $153.67.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share for the quarter, topping analysts’ consensus estimates of $4.97 by $0.10. The business had revenue of $8.62 billion for the quarter, compared to analyst estimates of $8.04 billion. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%.The company’s revenue was up 57.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.32 earnings per share. As a group, equities analysts anticipate that EOG Resources, Inc. will post 16.87 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 Friday, October 30th. Investors of record on Friday, October 16th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Friday, October 16th. 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.