Field & Main Bank Buys New Position in EOG Resources, Inc. $EOG

Field & Main Bank bought a new position in shares of EOG Resources, Inc. (NYSE:EOG) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 5,363 shares of the energy exploration company’s stock, valued at approximately $696,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EOG. Jupiter Topco LLC purchased a new position in shares of EOG Resources in the second quarter worth approximately $138,987,000. Punch & Associates Investment Management Inc. purchased a new stake in EOG Resources during the second quarter valued at approximately $11,746,000. Parvin Asset Management LLC bought a new position in EOG Resources in the second quarter worth approximately $1,743,000. Ilmarinen Mutual Pension Insurance Co boosted its stake in shares of EOG Resources by 39.2% during the 4th quarter. Ilmarinen Mutual Pension Insurance Co now owns 87,000 shares of the energy exploration company’s stock worth $9,136,000 after acquiring an additional 24,500 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of EOG Resources by 2.2% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,150,840 shares of the energy exploration company’s stock worth $123,451,000 after acquiring an additional 24,984 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on EOG. Wall Street Zen downgraded shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Barclays set a $147.00 target price on EOG Resources and gave the company an “equal weight” rating in a research report on Monday, August 17th. Citigroup reissued a “neutral” rating and set a $150.00 price target (up from $141.00) on shares of EOG Resources in a report on Thursday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of EOG Resources in a research note on Friday, August 7th. Finally, JPMorgan Chase & Co. cut their price objective on EOG Resources from $148.00 to $142.00 and set a “neutral” rating for the company in a research note on Tuesday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seventeen have issued a Hold rating to the stock. According to MarketBeat.com, EOG Resources has a consensus rating of “Hold” and a consensus target price of $156.33.

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 sale, the chief executive officer directly owned 242,451 shares in the company, valued at approximately $36,876,797.10. The trade was a 12.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.14% of the company’s stock.

EOG Resources Price Performance

EOG stock opened at $143.53 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.68 and a current ratio of 1.85. The company’s fifty day moving average price is $140.20 and its 200-day moving average price is $136.19. EOG Resources, Inc. has a one year low of $101.59 and a one year high of $153.67. The company has a market capitalization of $75.29 billion, a PE ratio of 11.17, a price-to-earnings-growth ratio of 0.54 and a beta of 0.25.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.97 by $0.10. The company 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%. EOG Resources’s revenue for the quarter was up 57.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.32 EPS. On average, equities analysts anticipate 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 issued a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, October 16th. EOG Resources’s payout ratio is 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.