Park Avenue Securities LLC Increases Holdings in EOG Resources, Inc. (NYSE:EOG)

Park Avenue Securities LLC grew its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 3.6% in the second quarter, Holdings Channel reports. The institutional investor owned 33,688 shares of the energy exploration company’s stock after purchasing an additional 1,173 shares during the period. Park Avenue Securities LLC’s holdings in EOG Resources were worth $4,240,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Sachetta LLC purchased a new stake in shares of EOG Resources in the 4th quarter valued at about $33,000. Norwood Financial Corp purchased a new stake in shares of EOG Resources in the 1st quarter valued at about $37,000. Keener Financial Planning LLC purchased a new stake in shares of EOG Resources in the 4th quarter valued at about $36,000. LifeSteps Financial Inc. purchased a new stake in shares of EOG Resources in the 1st quarter valued at about $38,000. Finally, GoalVest Advisory LLC lifted its holdings in shares of EOG Resources by 135.4% in the 1st quarter. GoalVest Advisory LLC now owns 306 shares of the energy exploration company’s stock valued at $39,000 after purchasing an additional 176 shares during the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at EOG Resources

In related news, CEO Ezra Y. Yacob sold 4,729 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $129.31, for a total value of $611,506.99. Following the sale, the chief executive officer now owns 150,474 shares of the company’s stock, valued at approximately $19,457,792.94. The transaction was disclosed in a filing with the SEC, which is available through this link. In other EOG Resources news, EVP Michael P. Donaldson sold 2,685 shares of the stock in a transaction on Monday, May 13th. The stock was sold at an average price of $130.29, for a total transaction of $349,828.65. Following the transaction, the executive vice president now owns 109,040 shares of the company’s stock, valued at approximately $14,206,821.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Ezra Y. Yacob sold 4,729 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $129.31, for a total value of $611,506.99. Following the transaction, the chief executive officer now directly owns 150,474 shares in the company, valued at approximately $19,457,792.94. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,512 shares of company stock valued at $2,144,972. 0.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Royal Bank of Canada reissued a “sector perform” rating and issued a $147.00 target price on shares of EOG Resources in a report on Wednesday, July 10th. Sanford C. Bernstein reduced their price objective on EOG Resources from $139.00 to $125.00 and set a “market perform” rating for the company in a research note on Wednesday, July 17th. Barclays started coverage on EOG Resources in a research note on Wednesday, April 10th. They set an “equal weight” rating and a $144.00 price objective for the company. Scotiabank reduced their price objective on 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. Finally, Wolfe Research started coverage on EOG Resources in a research note on Thursday, July 18th. They set a “peer perform” rating for the company. Fourteen investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $143.40.

EOG Resources Price Performance

Shares of EOG traded up $0.85 on Wednesday, reaching $123.12. The stock had a trading volume of 2,712,383 shares, compared to its average volume of 3,212,601. The firm has a market capitalization of $70.76 billion, a PE ratio of 9.85, a PEG ratio of 2.15 and a beta of 1.30. The company has a quick ratio of 2.05, a current ratio of 2.32 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average of $124.50 and a 200 day moving average of $123.96. EOG Resources, Inc. has a twelve month low of $108.94 and a twelve month high of $139.67.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share for the quarter, topping analysts’ consensus estimates of $2.98 by $0.18. The business had revenue of $6.03 billion for the quarter, compared to analysts’ expectations of $6.07 billion. EOG Resources had a return on equity of 25.65% and a net margin of 30.33%. The company’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.49 EPS. Sell-side analysts expect that EOG Resources, Inc. will post 12.13 EPS for the current year.

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 17th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date is Thursday, October 17th. EOG Resources’s payout ratio is currently 28.75%.

EOG Resources Company Profile

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.