7,000 Shares in EOG Resources, Inc. $EOG Bought by West Family Investments Inc.

West Family Investments Inc. purchased a new position in EOG Resources, Inc. (NYSE:EOG) during the second quarter, HoldingsChannel.com reports. The fund purchased 7,000 shares of the energy exploration company’s stock, valued at approximately $908,000.

A number of other large investors have also recently bought and sold shares of the business. SJS Investment Consulting Inc. boosted its position in EOG Resources by 225.5% during the 1st quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock valued at $26,000 after purchasing an additional 124 shares during the period. Financial Life Planners bought a new position in shares of EOG Resources during the first quarter worth about $30,000. Acumen Wealth Advisors LLC acquired a new stake in shares of EOG Resources in the 4th quarter worth about $25,000. Wedbush Fund Advisers LLC bought a new stake in EOG Resources in the 2nd quarter valued at about $31,000. Finally, Prosperity Bancshares Inc bought a new stake in shares of EOG Resources during the fourth quarter valued at approximately $26,000. Institutional investors own 89.91% of the company’s stock.

EOG Resources Price Performance

Shares of EOG Resources stock traded up $0.25 during trading on Tuesday, hitting $145.44. 2,528,822 shares of the company’s stock traded hands, compared to its average volume of 4,187,796. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.85 and a quick ratio of 1.68. The firm’s fifty day moving average price is $142.06 and its 200 day moving average price is $137.70. The company has a market cap of $76.29 billion, a PE ratio of 11.32, a PEG ratio of 0.54 and a beta of 0.26. EOG Resources, Inc. has a twelve month low of $101.59 and a twelve month high of $153.67.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share (EPS) for the quarter, beating 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%.The firm’s revenue for the quarter was up 57.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.32 earnings per share. Analysts forecast that EOG Resources, Inc. will post 16.89 earnings per share for the current year.

EOG Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 16th will be paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis 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%.

Insiders Place Their Bets

In other EOG Resources news, CEO Ezra Yacob sold 35,942 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $152.10, for a total value of $5,466,778.20. Following the transaction, the chief executive officer directly owned 242,451 shares of the company’s stock, valued at approximately $36,876,797.10. This trade represents a 12.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.14% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on EOG shares. 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, August 27th. Wall Street Zen lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Morgan Stanley set a $157.00 target price on shares of EOG Resources and gave the stock an “equal weight” rating in a research report on Wednesday, August 19th. Wells Fargo & Company reissued an “overweight” rating and set a $193.00 target price (down from $196.00) on shares of EOG Resources in a research note on Thursday, August 13th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of EOG Resources in a research note on Friday, August 7th. One 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. Based on data from MarketBeat.com, EOG Resources currently has an average rating of “Hold” and an average price target of $157.04.

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.