Jefferies Financial Group Inc. Buys 57,190 Shares of EOG Resources, Inc. $EOG

Jefferies Financial Group Inc. lifted its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 3,268.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,940 shares of the energy exploration company’s stock after purchasing an additional 57,190 shares during the period. Jefferies Financial Group Inc.’s holdings in EOG Resources were worth $6,608,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Sivia Capital Partners LLC bought a new stake in shares of EOG Resources in the second quarter valued at $258,000. Vestmark Advisory Solutions Inc. boosted its holdings in shares of EOG Resources by 54.3% in the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 3,096 shares of the energy exploration company’s stock worth $370,000 after purchasing an additional 1,089 shares in the last quarter. Penserra Capital Management LLC raised its stake in shares of EOG Resources by 45.0% during the second quarter. Penserra Capital Management LLC now owns 3,713 shares of the energy exploration company’s stock worth $443,000 after acquiring an additional 1,152 shares in the last quarter. Campbell & CO Investment Adviser LLC grew its stake in shares of EOG Resources by 42.2% during the second quarter. Campbell & CO Investment Adviser LLC now owns 6,557 shares of the energy exploration company’s stock valued at $784,000 after buying an additional 1,945 shares during the last quarter. Finally, Sound View Wealth Advisors Group LLC bought a new position in shares of EOG Resources in the second quarter worth approximately $210,000. 89.91% of the stock is owned by institutional investors.

Insider Activity at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 2,000 shares of the stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $130.00, for a total value of $260,000.00. Following the sale, the chief operating officer owned 88,045 shares in the company, valued at $11,445,850. This represents a 2.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 7,774 shares of company stock worth $945,895 over the last three months. Insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on EOG shares. Scotiabank set a $123.00 target price on shares of EOG Resources and gave the stock a “sector perform” rating in a research report on Friday, January 16th. Morgan Stanley set a $128.00 target price on shares of EOG Resources and gave the stock an “equal weight” rating in a report on Friday, January 23rd. The Goldman Sachs Group lowered their price target on EOG Resources from $125.00 to $123.00 and set a “neutral” rating on the stock in a report on Thursday, January 22nd. Sanford C. Bernstein reissued a “market perform” rating and set a $126.00 price target (down from $144.00) on shares of EOG Resources in a report on Monday, January 5th. Finally, Capital One Financial lowered their price objective on shares of EOG Resources from $131.00 to $130.00 and set an “overweight” rating on the stock in a research note on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seventeen have given a Hold rating to the company’s stock. According to MarketBeat, EOG Resources has an average rating of “Hold” and an average target price of $135.77.

EOG Resources Stock Performance

EOG Resources stock opened at $131.48 on Tuesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.42 and a current ratio of 1.63. The company has a 50 day moving average price of $114.32 and a 200-day moving average price of $112.17. The company has a market capitalization of $70.54 billion, a PE ratio of 14.43 and a beta of 0.44. EOG Resources, Inc. has a fifty-two week low of $101.59 and a fifty-two week high of $134.36.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Tuesday, February 24th. The energy exploration company reported $2.27 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.07. The company had revenue of $5.64 billion during the quarter, compared to the consensus estimate of $5.36 billion. EOG Resources had a net margin of 22.00% and a return on equity of 18.67%. EOG Resources’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.74 earnings per share. As a group, equities analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 3.1%. The ex-dividend date is Thursday, April 16th. EOG Resources’s payout ratio is presently 44.79%.

About EOG Resources

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.