Rathbones Group PLC Buys 1,190 Shares of EOG Resources, Inc. (NYSE:EOG)

Rathbones Group PLC grew its position in EOG Resources, Inc. (NYSE:EOG) by 4.1% in the second quarter, according to its most recent filing with the SEC. The fund owned 30,234 shares of the energy exploration company’s stock after acquiring an additional 1,190 shares during the period. Rathbones Group PLC’s holdings in EOG Resources were worth $3,806,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Plato Investment Management Ltd raised its holdings in EOG Resources by 185.4% in the 2nd quarter. Plato Investment Management Ltd now owns 1,627 shares of the energy exploration company’s stock valued at $205,000 after buying an additional 1,057 shares during the last quarter. Pinion Investment Advisors LLC raised its stake in shares of EOG Resources by 8.1% during the second quarter. Pinion Investment Advisors LLC now owns 4,280 shares of the energy exploration company’s stock valued at $539,000 after acquiring an additional 319 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of EOG Resources by 4.3% during the second quarter. Envestnet Asset Management Inc. now owns 2,093,902 shares of the energy exploration company’s stock valued at $263,559,000 after acquiring an additional 85,530 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in shares of EOG Resources by 29.8% during the second quarter. Oppenheimer Asset Management Inc. now owns 77,520 shares of the energy exploration company’s stock worth $9,757,000 after purchasing an additional 17,809 shares during the period. Finally, Parallel Advisors LLC grew its stake in shares of EOG Resources by 3.3% in the second quarter. Parallel Advisors LLC now owns 5,888 shares of the energy exploration company’s stock worth $741,000 after purchasing an additional 186 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insider Activity at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $126.48, for a total transaction of $505,920.00. Following the completion of the sale, the chief operating officer now directly owns 35,058 shares of the company’s stock, valued at approximately $4,434,135.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Charles R. Crisp sold 6,500 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total transaction of $816,400.00. Following the transaction, the director now directly owns 60,892 shares of the company’s stock, valued at $7,648,035.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $126.48, for a total transaction of $505,920.00. Following the transaction, the chief operating officer now owns 35,058 shares in the company, valued at $4,434,135.84. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,537 shares of company stock valued at $2,751,612. 0.30% of the stock is owned by corporate insiders.

EOG Resources Trading Up 1.0 %

Shares of EOG Resources stock opened at $119.37 on Monday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.89 and a current ratio of 2.12. EOG Resources, Inc. has a 52 week low of $108.94 and a 52 week high of $139.67. The stock has a 50 day moving average price of $125.93 and a two-hundred day moving average price of $126.34. The stock has a market capitalization of $67.87 billion, a PE ratio of 9.43, a price-to-earnings-growth ratio of 2.95 and a beta of 1.28.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.98 by $0.18. EOG Resources had a net margin of 30.33% and a return on equity of 25.42%. The business had revenue of $6.03 billion during the quarter, compared to the consensus estimate of $6.07 billion. During the same quarter last year, the firm posted $2.49 EPS. EOG Resources’s revenue was up 8.1% compared to the same quarter last year. As a group, equities analysts anticipate that EOG Resources, Inc. will post 12.2 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 17th will be issued a $0.91 dividend. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.05%. EOG Resources’s dividend payout ratio is presently 28.75%.

Analyst Upgrades and Downgrades

EOG has been the topic of several recent research reports. Bank of America reaffirmed a “buy” rating and set a $151.00 target price on shares of EOG Resources in a report on Friday, June 14th. UBS Group upped their target price on EOG Resources from $166.00 to $167.00 and gave the company a “buy” rating in a report on Tuesday, August 20th. Truist Financial lowered their price target on shares of EOG Resources from $136.00 to $130.00 and set a “hold” rating for the company in a report on Monday, July 22nd. KeyCorp began coverage on shares of EOG Resources in a research note on Thursday, June 27th. They issued an “overweight” rating and a $157.00 price objective on the stock. Finally, Scotiabank lowered their target price on shares of EOG Resources from $155.00 to $150.00 and set a “sector perform” rating for the company in a research note on Friday, July 12th. Thirteen investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $143.63.

About EOG Resources

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.