Caitlin John LLC Acquires New Stake in EOG Resources, Inc. $EOG

Caitlin John LLC bought a new position in shares of EOG Resources, Inc. (NYSE:EOG) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 6,637 shares of the energy exploration company’s stock, valued at approximately $861,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Equitable Holdings Inc. acquired a new stake in shares of EOG Resources in the second quarter valued at about $2,346,000. Coastal Bridge Advisors LLC acquired a new position in shares of EOG Resources in the second quarter worth approximately $677,000. Public Employees Retirement System of Ohio bought a new stake in EOG Resources in the second quarter valued at approximately $30,460,000. MASTERINVEST Kapitalanlage GmbH bought a new stake in EOG Resources in the second quarter valued at approximately $415,000. Finally, Redwood Investment Management LLC acquired a new stake in EOG Resources during the 2nd quarter valued at approximately $816,000. Institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Down 0.2%

EOG Resources stock opened at $144.51 on Friday. The company has a market capitalization of $75.80 billion, a PE ratio of 11.25, a PEG ratio of 0.54 and a beta of 0.25. EOG Resources, Inc. has a 12-month low of $101.59 and a 12-month high of $153.67. The firm’s fifty day moving average is $139.93 and its 200 day moving average is $136.14. 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 (NYSE:EOG) last posted its quarterly earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 EPS for the quarter, topping analysts’ consensus estimates of $4.97 by $0.10. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The business had revenue of $8.62 billion during the quarter, compared to analysts’ expectations of $8.04 billion. During the same period last year, the company posted $2.32 earnings per share. The business’s quarterly revenue was up 57.4% on a year-over-year basis. As a group, sell-side analysts predict that EOG Resources, Inc. will post 16.87 EPS for the current fiscal year.

EOG Resources Announces Dividend

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

Insider Activity at EOG Resources

In related 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 value of $5,466,778.20. Following the completion of the sale, the chief executive officer directly owned 242,451 shares of the company’s stock, valued at $36,876,797.10. The trade was a 12.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.14% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. dropped their price target on shares of EOG Resources from $148.00 to $142.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 30th. UBS Group decreased their price objective on shares of EOG Resources from $168.00 to $158.00 and set a “buy” rating for the company in a research report on Thursday, July 2nd. Stephens dropped their target price on shares of EOG Resources from $170.00 to $167.00 in a report on Wednesday, May 6th. Sanford C. Bernstein cut their price target on shares of EOG Resources from $167.00 to $155.00 and set a “market perform” rating on the stock in a research report on Wednesday, May 20th. Finally, Susquehanna reiterated a “positive” rating and set a $170.00 price target (up from $166.00) on shares of EOG Resources in a report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seventeen have assigned a Hold rating to the company. According to MarketBeat, EOG Resources currently has an average rating of “Hold” and an average price target of $156.33.

EOG Resources 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.