Wellington Management Group LLP Has $230.31 Million Stock Position in EOG Resources, Inc. $EOG

Wellington Management Group LLP grew its stake in EOG Resources, Inc. (NYSE:EOG) by 8.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,775,310 shares of the energy exploration company’s stock after purchasing an additional 137,606 shares during the period. Wellington Management Group LLP’s holdings in EOG Resources were worth $230,311,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of EOG. BlackRock Inc. bought a new position in shares of EOG Resources during the 2nd quarter worth approximately $5,905,587,000. Bank of New York Mellon Corp bought a new stake in EOG Resources in the second quarter valued at $654,899,000. Bank of America Corp DE acquired a new position in EOG Resources during the second quarter worth $551,321,000. Deutsche Bank AG acquired a new position in EOG Resources during the second quarter worth $251,102,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of EOG Resources during the second quarter valued at $168,029,000. 89.91% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other EOG Resources news, CEO Ezra Y. Yacob sold 35,942 shares of the stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $152.10, for a total transaction of $5,466,778.20. Following the sale, the chief executive officer owned 242,451 shares of the company’s stock, valued at $36,876,797.10. This represents a 12.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

EOG Resources Price Performance

EOG Resources stock opened at $143.53 on Monday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.68 and a current ratio of 1.85. The firm has a market cap of $75.29 billion, a P/E ratio of 11.17, a P/E/G ratio of 0.53 and a beta of 0.25. The business’s fifty day moving average is $140.20 and its two-hundred day moving average is $136.35. EOG Resources, Inc. has a 52 week low of $101.59 and a 52 week high of $153.67.

EOG Resources (NYSE:EOG) last announced its earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 EPS for the quarter, topping the consensus estimate of $4.97 by $0.10. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%.The company had revenue of $8.62 billion for the quarter, compared to analysts’ expectations of $8.04 billion. During the same quarter in the prior year, the business earned $2.32 earnings per share. The business’s revenue for the quarter was up 57.4% on a year-over-year basis. Equities research analysts forecast that EOG Resources, Inc. will post 16.87 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 16th will be given a dividend of $1.02 per share. The ex-dividend date is Friday, October 16th. This represents a $4.08 annualized dividend and a yield of 2.8%. EOG Resources’s dividend payout ratio is 31.75%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Morgan Stanley set a $157.00 target price on shares of EOG Resources and gave the stock an “equal weight” rating in a report on Wednesday, August 19th. Wall Street Zen downgraded shares of EOG Resources from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Weiss Ratings reissued a “buy (b-)” rating on shares of EOG Resources in a report on Friday, August 7th. Freedom Capital lowered shares of EOG Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Finally, Truist Financial upped their price objective on shares of EOG Resources from $134.00 to $153.00 and gave the stock a “hold” rating in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seventeen have assigned a Hold rating to the company. According to data from MarketBeat, EOG Resources currently has an average rating of “Hold” and an average price target of $156.33.

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.