Sustainable Insight Capital Management LLC Invests $327,000 in EOG Resources, Inc. (NYSE:EOG)

Sustainable Insight Capital Management LLC bought a new stake in EOG Resources, Inc. (NYSE:EOG) in the second quarter, Holdings Channel reports. The institutional investor bought 2,600 shares of the energy exploration company’s stock, valued at approximately $327,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Riverview Trust Co bought a new position in EOG Resources in the 2nd quarter valued at $27,000. MFA Wealth Advisors LLC bought a new stake in shares of EOG Resources during the second quarter worth $28,000. Gladius Capital Management LP acquired a new position in shares of EOG Resources during the second quarter valued at $30,000. Sachetta LLC acquired a new position in shares of EOG Resources during the fourth quarter valued at $33,000. Finally, Triad Wealth Partners LLC acquired a new stake in EOG Resources in the second quarter worth about $35,000. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources Stock Down 1.0 %

EOG Resources stock opened at $120.35 on Friday. The company’s 50-day moving average price is $126.66 and its two-hundred day moving average price is $125.99. The company has a quick ratio of 1.89, a current ratio of 2.12 and a debt-to-equity ratio of 0.11. The stock has a market cap of $69.17 billion, a P/E ratio of 9.51, a P/E/G ratio of 3.22 and a beta of 1.30. 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 the consensus estimate of $2.98 by $0.18. EOG Resources had a return on equity of 25.42% and a net margin of 30.33%. The business had revenue of $6.03 billion during the quarter, compared to analysts’ expectations of $6.07 billion. During the same period last year, the firm posted $2.49 EPS. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. As a group, analysts expect that EOG Resources, Inc. will post 12.2 EPS for the current year.

EOG Resources Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $3.64 annualized dividend and a dividend yield of 3.02%. EOG Resources’s dividend payout ratio (DPR) is presently 28.75%.

Insider Buying and Selling

In other EOG Resources news, EVP Michael P. Donaldson sold 11,037 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the transaction, the executive vice president now owns 74,250 shares in the company, valued at approximately $9,615,375. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other EOG Resources news, EVP Michael P. Donaldson sold 11,037 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the completion of the transaction, the executive vice president now owns 74,250 shares of the company’s stock, valued at $9,615,375. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $126.48, for a total transaction of $505,920.00. Following the sale, the chief operating officer now directly owns 35,058 shares in the company, valued at $4,434,135.84. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,537 shares of company stock valued at $2,751,612. 0.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on EOG shares. Sanford C. Bernstein lowered their price objective on shares of EOG Resources from $139.00 to $125.00 and set a “market perform” rating for the company in a research report on Wednesday, July 17th. Truist Financial lowered their target price on EOG Resources from $136.00 to $130.00 and set a “hold” rating for the company in a research note on Monday, July 22nd. Piper Sandler cut their price target on EOG Resources from $154.00 to $147.00 and set an “overweight” rating on the stock in a report on Thursday, August 15th. Susquehanna dropped their target price on EOG Resources from $159.00 to $158.00 and set a “positive” rating on the stock in a research report on Wednesday. Finally, UBS Group upped their price target on EOG Resources from $166.00 to $167.00 and gave the stock a “buy” rating in a research report on Tuesday, August 20th. Thirteen research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $143.95.

EOG Resources 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.