Equitable Holdings Inc. Makes New $2.35 Million Investment in EOG Resources, Inc. $EOG

Equitable Holdings Inc. purchased a new stake in EOG Resources, Inc. (NYSE:EOG) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 18,086 shares of the energy exploration company’s stock, valued at approximately $2,346,000.

A number of other institutional investors and hedge funds also recently modified their holdings of EOG. Summitry LLC lifted its holdings in shares of EOG Resources by 1.5% during the 1st quarter. Summitry LLC now owns 4,832 shares of the energy exploration company’s stock worth $699,000 after acquiring an additional 73 shares during the period. Twin Capital Management Inc. increased its position 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 during the last quarter. Sax Wealth Advisors LLC increased its position 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 during the last quarter. Paladin Wealth LLC increased its position in 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 purchasing an additional 80 shares during the last quarter. Finally, Hardy Reed LLC raised its stake in 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 purchasing an additional 82 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on EOG. Raymond James Financial reiterated a “strong-buy” rating and issued a $183.00 price target on shares of EOG Resources in a report on Monday, August 3rd. 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. Citigroup reiterated a “neutral” rating and issued a $150.00 target price (up from $141.00) on shares of EOG Resources in a report on Thursday. Wall Street Zen downgraded EOG Resources from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, Barclays set a $147.00 price target on EOG Resources and gave the stock an “equal weight” rating in a research note on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seventeen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $156.33.

EOG Resources Price Performance

EOG opened at $143.53 on Friday. 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. The company has a 50 day moving average of $140.20 and a two-hundred day moving average of $136.19. The company has a market cap of $75.29 billion, a P/E ratio of 11.17, a P/E/G ratio of 0.54 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 EPS for the quarter, beating analysts’ consensus estimates of $4.97 by $0.10. The business had revenue of $8.62 billion for the quarter, compared to the consensus estimate of $8.04 billion. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The business’s revenue for the quarter was up 57.4% compared to the same quarter last year. During the same quarter last year, the firm posted $2.32 EPS. On average, analysts expect that EOG Resources, Inc. will post 16.87 earnings per share for the current year.

EOG Resources Dividend Announcement

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

Insider Buying and Selling

In other EOG Resources news, CEO Ezra Y. Yacob sold 35,942 shares of the business’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 transaction, the chief executive officer owned 242,451 shares in the company, valued at $36,876,797.10. The trade was a 12.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.14% of the stock is owned by company insiders.

About EOG Resources

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.