Two Sigma Securities LLC Boosts Stake in EOG Resources, Inc. $EOG

Two Sigma Securities LLC lifted its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 1,366.8% in the second quarter, HoldingsChannel.com reports. The fund owned 43,800 shares of the energy exploration company’s stock after acquiring an additional 40,814 shares during the quarter. EOG Resources accounts for approximately 0.5% of Two Sigma Securities LLC’s portfolio, making the stock its 20th largest position. Two Sigma Securities LLC’s holdings in EOG Resources were worth $5,682,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in EOG Resources in the second quarter valued at $5,905,587,000. Bank of New York Mellon Corp purchased a new position in shares of EOG Resources in the 2nd quarter worth about $654,899,000. Bank of America Corp DE purchased a new position in shares of EOG Resources in the 2nd quarter worth about $551,321,000. Deutsche Bank AG bought a new position in shares of EOG Resources during the 2nd quarter valued at about $251,102,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of EOG Resources during the 2nd quarter valued at about $168,029,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Ezra Y. Yacob sold 35,942 shares of the company’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $152.10, for a total transaction of $5,466,778.20. Following the completion of the sale, the chief executive officer directly owned 242,451 shares in the company, valued at $36,876,797.10. This represents a 12.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.14% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. DA Davidson raised their price objective on EOG Resources from $148.00 to $153.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Mizuho set a $157.00 price target on shares of EOG Resources and gave the company a “neutral” rating in a research report on Wednesday, May 27th. UBS Group decreased their price target on shares of EOG Resources from $168.00 to $158.00 and set a “buy” rating on the stock in a research note on Thursday, July 2nd. Roth Capital restated a “neutral” rating and issued a $138.00 price objective on shares of EOG Resources in a report on Wednesday, August 5th. Finally, Stephens cut their price objective on shares of EOG Resources from $170.00 to $167.00 in a research note on Wednesday, May 6th. One equities 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $156.33.

EOG Resources Stock Up 0.1%

EOG opened at $143.53 on Monday. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $153.67. 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 business’s 50-day moving average price is $140.20 and its 200-day moving average price is $136.35. The company has a market cap of $75.29 billion, a P/E ratio of 11.17, a P/E/G ratio of 0.53 and a beta of 0.25.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results 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 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%.EOG Resources’s revenue for the quarter was up 57.4% compared to the same quarter last year. During the same period last year, the company earned $2.32 EPS. On average, equities analysts expect that EOG Resources, Inc. will post 16.87 EPS for the current year.

EOG Resources Dividend Announcement

The company 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 $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 presently 31.75%.

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.