Russell Investments Group Ltd. Buys 68,282 Shares of EOG Resources, Inc. (NYSE:EOG)

Russell Investments Group Ltd. raised its stake in EOG Resources, Inc. (NYSE:EOGGet Rating) by 23.5% during the third quarter, HoldingsChannel.com reports. The fund owned 359,218 shares of the energy exploration company’s stock after acquiring an additional 68,282 shares during the quarter. Russell Investments Group Ltd.’s holdings in EOG Resources were worth $40,172,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of EOG. Charles Schwab Investment Management Inc. grew its position in EOG Resources by 196.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 9,859,925 shares of the energy exploration company’s stock valued at $1,175,599,000 after acquiring an additional 6,529,464 shares during the period. Price T Rowe Associates Inc. MD grew its position in EOG Resources by 38.5% in the second quarter. Price T Rowe Associates Inc. MD now owns 15,425,915 shares of the energy exploration company’s stock valued at $1,703,638,000 after acquiring an additional 4,291,887 shares during the period. FMR LLC grew its position in EOG Resources by 22.8% in the second quarter. FMR LLC now owns 18,286,986 shares of the energy exploration company’s stock valued at $2,019,614,000 after acquiring an additional 3,399,315 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in shares of EOG Resources by 802.0% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,307,749 shares of the energy exploration company’s stock worth $275,153,000 after purchasing an additional 2,051,889 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of EOG Resources by 25.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 7,944,716 shares of the energy exploration company’s stock worth $877,414,000 after purchasing an additional 1,591,147 shares during the last quarter. 87.40% of the stock is currently owned by institutional investors.

EOG Resources Trading Down 1.1 %

NYSE EOG opened at $132.76 on Wednesday. The firm has a market cap of $77.98 billion, a P/E ratio of 10.43, a P/E/G ratio of 0.34 and a beta of 1.53. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.78 and a quick ratio of 1.62. The stock’s 50-day moving average is $131.67 and its 200-day moving average is $124.08. EOG Resources, Inc. has a one year low of $92.16 and a one year high of $150.88.

EOG Resources (NYSE:EOGGet Rating) last released its quarterly earnings results on Thursday, November 3rd. The energy exploration company reported $3.71 EPS for the quarter, missing analysts’ consensus estimates of $3.75 by ($0.04). The business had revenue of $7.59 billion for the quarter, compared to analyst estimates of $7.19 billion. EOG Resources had a return on equity of 35.36% and a net margin of 29.84%. Sell-side analysts anticipate that EOG Resources, Inc. will post 13.81 earnings per share for the current fiscal year.

EOG Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Tuesday, January 17th will be issued a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, January 13th. This is an increase from EOG Resources’s previous quarterly dividend of $0.75. This represents a $3.30 dividend on an annualized basis and a dividend yield of 2.49%. EOG Resources’s dividend payout ratio (DPR) is presently 25.92%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on EOG. Stifel Nicolaus began coverage on EOG Resources in a report on Tuesday, October 25th. They set a “buy” rating and a $151.00 target price on the stock. Truist Financial decreased their target price on EOG Resources from $152.00 to $146.00 in a report on Thursday, December 15th. Jefferies Financial Group began coverage on EOG Resources in a report on Wednesday, October 19th. They set a “buy” rating and a $158.00 target price on the stock. Wells Fargo & Company started coverage on EOG Resources in a report on Tuesday. They set an “overweight” rating on the stock. Finally, BMO Capital Markets raised their price target on EOG Resources from $145.00 to $160.00 in a report on Friday, November 11th. Six analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, EOG Resources currently has a consensus rating of “Moderate Buy” and an average price target of $155.14.

Insider Buying and Selling

In related news, EVP Kenneth W. Boedeker sold 1,995 shares of the stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $145.09, for a total transaction of $289,454.55. Following the completion of the transaction, the executive vice president now directly owns 20,978 shares in the company, valued at $3,043,698.02. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, EVP Kenneth W. Boedeker sold 1,995 shares of the stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $145.09, for a total transaction of $289,454.55. Following the completion of the transaction, the executive vice president now directly owns 20,978 shares in the company, valued at $3,043,698.02. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Michael T. Kerr acquired 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 12th. The shares were purchased at an average price of $130.49 per share, with a total value of $2,609,800.00. Following the completion of the acquisition, the director now owns 170,000 shares of the company’s stock, valued at approximately $22,183,300. The disclosure for this purchase can be found here. Over the last three months, insiders sold 10,170 shares of company stock worth $1,459,657. 0.40% of the stock is owned by corporate insiders.

EOG Resources Profile

(Get Rating)

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, and natural gas and natural gas liquids. Its principal producing areas are in New Mexico and Texas in the United States; and the Republic of Trinidad and Tobago. As of December 31, 2021, it had total estimated net proved reserves of 3,747 million barrels of oil equivalent, including 1,548 million barrels (MMBbl) of crude oil and condensate reserves; 829 MMBbl of natural gas liquid reserves; and 8,222 billion cubic feet of natural gas reserves.

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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