Empirical Finance LLC Acquires 736 Shares of EOG Resources, Inc. (NYSE:EOG)

Empirical Finance LLC raised its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 2.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,532 shares of the energy exploration company’s stock after purchasing an additional 736 shares during the quarter. Empirical Finance LLC’s holdings in EOG Resources were worth $3,648,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Capital World Investors increased its position in EOG Resources by 59.2% during the 4th quarter. Capital World Investors now owns 25,420,916 shares of the energy exploration company’s stock worth $3,074,660,000 after purchasing an additional 9,455,621 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in EOG Resources by 26.3% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,948,119 shares of the energy exploration company’s stock worth $598,475,000 after purchasing an additional 1,029,727 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in EOG Resources by 4.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,163,856 shares of the energy exploration company’s stock worth $503,641,000 after buying an additional 176,854 shares during the period. Franklin Resources Inc. grew its position in shares of EOG Resources by 0.3% in the 4th quarter. Franklin Resources Inc. now owns 3,265,952 shares of the energy exploration company’s stock valued at $395,017,000 after buying an additional 10,506 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in shares of EOG Resources by 8.0% in the third quarter. American Century Companies Inc. now owns 3,233,333 shares of the energy exploration company’s stock valued at $409,857,000 after buying an additional 239,910 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Stock Up 0.6 %

NYSE EOG traded up $0.78 during trading hours on Friday, hitting $128.95. The company’s stock had a trading volume of 2,021,638 shares, compared to its average volume of 3,227,570. The company has a market capitalization of $74.11 billion, a PE ratio of 10.19, a price-to-earnings-growth ratio of 1.75 and a beta of 1.30. The company has a current ratio of 2.32, a quick ratio of 2.05 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a 52 week low of $108.94 and a 52 week high of $139.67. The company’s 50-day simple moving average is $124.91 and its two-hundred day simple moving average is $122.74.

EOG Resources (NYSE:EOG) last posted its earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share for the quarter, beating analysts’ consensus estimates of $2.70 by $0.12. EOG Resources had a return on equity of 24.83% and a net margin of 30.33%. The company had revenue of $6.12 billion for the quarter, compared to analyst estimates of $5.91 billion. During the same quarter last year, the company earned $2.69 earnings per share. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. Research analysts anticipate that EOG Resources, Inc. will post 12.06 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be paid a $0.91 dividend. The ex-dividend date is Wednesday, July 17th. This represents a $3.64 annualized dividend and a yield of 2.82%. EOG Resources’s dividend payout ratio (DPR) is 28.75%.

Insiders Place Their Bets

In related news, EVP Michael P. Donaldson sold 2,685 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 109,040 shares of the company’s stock, valued at $14,206,821.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, President Lloyd W. Helms, Jr. sold 1,296 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $130.27, for a total transaction of $168,829.92. Following the completion of the transaction, the president now directly owns 161,109 shares of the company’s stock, valued at approximately $20,987,669.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Michael P. Donaldson sold 2,685 shares of EOG Resources stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 109,040 shares in the company, valued at approximately $14,206,821.60. The disclosure for this sale can be found here. Insiders have sold a total of 16,512 shares of company stock valued at $2,144,972 in the last 90 days. 0.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

EOG has been the topic of several analyst reports. Citigroup upped their target price on EOG Resources from $124.00 to $130.00 and gave the company a “neutral” rating in a report on Friday, May 24th. Truist Financial cut shares of EOG Resources from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $163.00 to $136.00 in a research report on Thursday, May 16th. Benchmark restated a “hold” rating on shares of EOG Resources in a report on Tuesday, May 7th. Bank of America reissued a “buy” rating and issued a $151.00 price objective on shares of EOG Resources in a research report on Friday, June 14th. Finally, StockNews.com raised EOG Resources from a “hold” rating to a “buy” rating in a research note on Thursday, May 9th. Thirteen investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, EOG Resources presently has an average rating of “Hold” and a consensus target price of $144.55.

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.