Primecap Management Co. CA Has $347.10 Million Position in EOG Resources, Inc. (NYSE:EOG)

Primecap Management Co. CA decreased its holdings in EOG Resources, Inc. (NYSE:EOG) by 1.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,757,629 shares of the energy exploration company’s stock after selling 44,100 shares during the quarter. Primecap Management Co. CA’s holdings in EOG Resources were worth $347,103,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EOG. MUFG Securities EMEA plc acquired a new position in EOG Resources in the fourth quarter worth about $5,443,000. Dai ichi Life Insurance Company Ltd grew its stake in shares of EOG Resources by 15.3% in the 4th quarter. Dai ichi Life Insurance Company Ltd now owns 46,468 shares of the energy exploration company’s stock valued at $5,620,000 after purchasing an additional 6,154 shares during the period. Artisan Partners Limited Partnership raised its holdings in shares of EOG Resources by 2.3% in the 4th quarter. Artisan Partners Limited Partnership now owns 991,055 shares of the energy exploration company’s stock worth $119,868,000 after buying an additional 22,638 shares in the last quarter. DRW Securities LLC lifted its position in shares of EOG Resources by 871.7% during the 4th quarter. DRW Securities LLC now owns 20,891 shares of the energy exploration company’s stock worth $2,527,000 after buying an additional 18,741 shares during the period. Finally, UniSuper Management Pty Ltd boosted its stake in EOG Resources by 228.4% in the 1st quarter. UniSuper Management Pty Ltd now owns 15,626 shares of the energy exploration company’s stock valued at $1,998,000 after buying an additional 10,868 shares in the last quarter. 89.91% of the stock is owned by institutional investors.

Insider Buying and Selling at EOG Resources

In other 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 directly owns 74,250 shares in the company, valued at approximately $9,615,375. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources 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 directly owns 35,058 shares in the company, valued at $4,434,135.84. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Michael P. Donaldson sold 11,037 shares of the stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $129.50, for a total value of $1,429,291.50. Following the completion of the sale, the executive vice president now owns 74,250 shares of the company’s stock, valued at $9,615,375. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,537 shares of company stock valued at $2,751,612. 0.30% of the stock is currently owned by company insiders.

EOG Resources Stock Up 1.9 %

Shares of NYSE EOG opened at $121.67 on Tuesday. The company has a current ratio of 2.12, a quick ratio of 1.89 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $69.93 billion, a PE ratio of 9.61, a price-to-earnings-growth ratio of 2.95 and a beta of 1.28. The firm’s 50-day moving average is $125.85 and its 200-day moving average is $126.39. EOG Resources, Inc. has a 1 year low of $108.94 and a 1 year high of $139.67.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.98 by $0.18. The firm had revenue of $6.03 billion for the quarter, compared to analysts’ expectations of $6.07 billion. EOG Resources had a net margin of 30.33% and a return on equity of 25.42%. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period last year, the firm earned $2.49 earnings per share. Equities analysts expect that EOG Resources, Inc. will post 12.2 EPS for the current year.

EOG Resources Dividend Announcement

The business also recently disclosed 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 yield of 2.99%. EOG Resources’s dividend payout ratio is presently 28.75%.

Analysts Set New Price Targets

A number of brokerages have issued reports on EOG. Piper Sandler cut their price objective on EOG Resources from $154.00 to $147.00 and set an “overweight” rating for the company in a report on Thursday, August 15th. Citigroup lifted their price target on shares of EOG Resources from $124.00 to $130.00 and gave the company a “neutral” rating in a report on Friday, May 24th. Morgan Stanley decreased their price objective on shares of EOG Resources from $134.00 to $132.00 and set an “equal weight” rating on the stock in a research note on Monday. Truist Financial cut their target price on shares of EOG Resources from $136.00 to $130.00 and set a “hold” rating for the company in a research note on Monday, July 22nd. Finally, KeyCorp started coverage on EOG Resources in a research report on Thursday, June 27th. They set an “overweight” rating and a $157.00 price target on the stock. Fourteen analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $143.58.

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.