Legal & General Group Plc Buys 68,888 Shares of EOG Resources, Inc. $EOG

Legal & General Group Plc boosted its stake in EOG Resources, Inc. (NYSE:EOG) by 2.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,394,236 shares of the energy exploration company’s stock after buying an additional 68,888 shares during the period. Legal & General Group Plc’s holdings in EOG Resources were worth $380,562,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Sivia Capital Partners LLC bought a new stake in shares of EOG Resources during the second quarter valued at approximately $258,000. Vestmark Advisory Solutions Inc. raised its holdings in EOG Resources by 54.3% in the second 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 holdings in EOG Resources by 45.0% in the second quarter. Penserra Capital Management LLC now owns 3,713 shares of the energy exploration company’s stock worth $443,000 after purchasing an additional 1,152 shares in the last quarter. Campbell & CO Investment Adviser LLC lifted its position in 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 period. Finally, Midwest Trust Co bought a new stake in shares of EOG Resources during the 2nd quarter valued at $275,000. 89.91% of the stock is owned by institutional investors.

Insider Activity

In other news, COO Jeffrey R. Leitzell sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $125.00, for a total value of $250,000.00. Following the transaction, the chief operating officer owned 61,481 shares in the company, valued at approximately $7,685,125. This represents a 3.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders have sold a total of 7,774 shares of company stock valued at $945,895 in the last 90 days. Corporate insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Citigroup reaffirmed a “neutral” rating and issued a $115.00 target price (down from $125.00) on shares of EOG Resources in a research report on Wednesday, December 17th. Stephens lifted their price target on shares of EOG Resources from $138.00 to $139.00 and gave the company an “equal weight” rating in a research report on Thursday, February 12th. Raymond James Financial boosted their price objective on shares of EOG Resources from $153.00 to $157.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 13th. Zacks Research upgraded shares of EOG Resources from a “strong sell” rating to a “hold” rating in a report on Monday, March 2nd. Finally, Susquehanna decreased their target price on shares of EOG Resources from $151.00 to $144.00 and set a “positive” rating for the company in a research note on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seventeen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $135.77.

EOG Resources Price Performance

Shares of NYSE:EOG opened at $132.57 on Thursday. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $134.36. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.63 and a quick ratio of 1.42. The business has a fifty day moving average price of $115.32 and a 200-day moving average price of $112.36. The company has a market capitalization of $71.12 billion, a PE ratio of 14.55 and a beta of 0.44.

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

EOG Resources Announces Dividend

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

EOG Resources Profile

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.