EOG Resources, Inc. $EOG Stock Sold by Profund Advisors LLC

Profund Advisors LLC cut its position in EOG Resources, Inc. (NYSE:EOG) by 17.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,762 shares of the energy exploration company’s stock after selling 4,471 shares during the quarter. Profund Advisors LLC’s holdings in EOG Resources were worth $2,998,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Jupiter Topco LLC acquired a new stake in EOG Resources during the 2nd quarter valued at approximately $138,987,000. Punch & Associates Investment Management Inc. acquired a new position in shares of EOG Resources in the 2nd quarter valued at approximately $11,746,000. Parvin Asset Management LLC acquired a new position in shares of EOG Resources in the 2nd quarter valued at approximately $1,743,000. Transamerica Financial Advisors LLC purchased a new position in shares of EOG Resources during the 2nd quarter valued at approximately $1,051,000. Finally, Rakuten Investment Management Inc. bought a new stake in shares of EOG Resources in the second quarter worth $11,517,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

EOG Resources Price Performance

Shares of NYSE EOG opened at $165.58 on Monday. EOG Resources, Inc. has a twelve month low of $101.59 and a twelve month high of $165.93. 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 company has a market capitalization of $86.85 billion, a price-to-earnings ratio of 12.89, a price-to-earnings-growth ratio of 0.58 and a beta of 0.36. The business has a 50 day simple moving average of $149.06 and a 200-day simple moving average of $136.76.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.97 by $0.10. The firm had revenue of $8.62 billion for the quarter, compared to analysts’ expectations of $8.04 billion. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%. The firm’s revenue for the quarter was up 57.4% on a year-over-year basis. During the same period last year, the business posted $2.32 earnings per share. As a group, equities research analysts expect that EOG Resources, Inc. will post 17.70 earnings per share for the current year.

EOG Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 30th. Shareholders of record on Friday, October 16th were issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Friday, October 16th. EOG Resources’s dividend payout ratio is 31.75%.

Insider Transactions at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 9,039 shares of the business’s stock in a transaction dated Friday, September 25th. The shares were sold at an average price of $140.61, for a total transaction of $1,270,973.79. Following the completion of the sale, the chief operating officer owned 90,790 shares of the company’s stock, valued at $12,765,981.90. This represents a 9.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Michael P. Donaldson sold 7,336 shares of the business’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $148.00, for a total transaction of $1,085,728.00. Following the sale, the executive vice president directly owned 100,558 shares of the company’s stock, valued at approximately $14,882,584. This represents a 6.80% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 52,317 shares of company stock worth $7,823,480. 0.14% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Freedom Capital cut shares of EOG Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 5th. Susquehanna raised their price objective on shares of EOG Resources from $170.00 to $187.00 and gave the stock a “positive” rating in a report on Tuesday, October 20th. The Goldman Sachs Group reissued a “neutral” rating and issued a $151.00 target price (up from $127.00) on shares of EOG Resources in a research report on Monday, August 24th. Stifel Nicolaus began coverage on shares of EOG Resources in a research report on Thursday, September 10th. They issued a “hold” rating and a $158.00 target price for the company. Finally, Jefferies Financial Group restated a “buy” rating and issued a $185.00 target price on shares of EOG Resources in a research note on Saturday, October 3rd. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and seventeen have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $161.24.

EOG Resources Company Profile

EOG Resources, Inc is an independent exploration and production company engaged in finding, developing, producing and marketing crude oil, natural gas liquids and natural gas. Its operations focus on large, high-quality onshore and international assets, supported by technical expertise in horizontal drilling and hydraulic fracturing.

The company’s principal U.S. activities are concentrated in major shale and onshore plays, including the Delaware Basin, Eagle Ford and other producing regions in Texas and the Rocky Mountains.