OppenheimerFunds Inc. lifted its position in shares of EOG Resources Inc (NYSE:EOG) by 0.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 134,937 shares of the energy exploration company’s stock after buying an additional 764 shares during the quarter. OppenheimerFunds Inc.’s holdings in EOG Resources were worth $16,790,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Optimum Investment Advisors acquired a new position in shares of EOG Resources during the 1st quarter worth $109,000. Transamerica Financial Advisors Inc. acquired a new position in shares of EOG Resources during the 2nd quarter worth $158,000. Citizens Financial Group Inc RI raised its stake in EOG Resources by 41.8% in the 1st quarter. Citizens Financial Group Inc RI now owns 1,546 shares of the energy exploration company’s stock valued at $162,000 after purchasing an additional 456 shares during the last quarter. Kaizen Advisory LLC raised its stake in EOG Resources by 133.6% in the 2nd quarter. Kaizen Advisory LLC now owns 1,301 shares of the energy exploration company’s stock valued at $162,000 after purchasing an additional 744 shares during the last quarter. Finally, First Personal Financial Services raised its stake in EOG Resources by 49.4% in the 1st quarter. First Personal Financial Services now owns 1,573 shares of the energy exploration company’s stock valued at $166,000 after purchasing an additional 520 shares during the last quarter. 86.12% of the stock is owned by institutional investors and hedge funds.

EOG opened at $117.54 on Tuesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.98 and a quick ratio of 0.83. The stock has a market capitalization of $68.24 billion, a price-to-earnings ratio of 104.95, a price-to-earnings-growth ratio of 1.75 and a beta of 1.04. EOG Resources Inc has a 12 month low of $92.38 and a 12 month high of $131.60.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Thursday, August 2nd. The energy exploration company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.24 by $0.13. The company had revenue of $4.24 billion during the quarter, compared to analysts’ expectations of $3.95 billion. EOG Resources had a return on equity of 12.38% and a net margin of 27.81%. The firm’s revenue was up 62.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.08 EPS. sell-side analysts forecast that EOG Resources Inc will post 5.62 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Wednesday, October 17th will be issued a $0.22 dividend. This is a boost from EOG Resources’s previous quarterly dividend of $0.19. The ex-dividend date is Tuesday, October 16th. This represents a $0.88 annualized dividend and a yield of 0.75%. EOG Resources’s payout ratio is 66.07%.

Several research analysts recently weighed in on the stock. Stephens set a $122.00 target price on shares of EOG Resources and gave the company a “hold” rating in a research note on Wednesday, July 25th. Stifel Nicolaus set a $147.00 target price on shares of EOG Resources and gave the company a “buy” rating in a research note on Friday, August 3rd. Zacks Investment Research downgraded shares of EOG Resources from a “buy” rating to a “hold” rating in a research note on Tuesday, July 24th. Morgan Stanley assumed coverage on shares of EOG Resources in a research note on Thursday, July 12th. They issued an “equal weight” rating and a $128.00 target price for the company. Finally, Jefferies Financial Group set a $122.00 target price on shares of EOG Resources and gave the company a “hold” rating in a research note on Wednesday, July 18th. Ten analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. EOG Resources has an average rating of “Buy” and an average target price of $135.33.

In other EOG Resources news, CEO William R. Thomas sold 57,065 shares of EOG Resources stock in a transaction dated Friday, August 10th. The stock was sold at an average price of $122.36, for a total value of $6,982,473.40. Following the completion of the sale, the chief executive officer now owns 755,519 shares in the company, valued at approximately $92,445,304.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Charles R. Crisp sold 1,792 shares of EOG Resources stock in a transaction dated Tuesday, September 11th. The shares were sold at an average price of $116.80, for a total value of $209,305.60. Following the completion of the sale, the director now owns 49,741 shares of the company’s stock, valued at approximately $5,809,748.80. The disclosure for this sale can be found here. Insiders sold a total of 116,607 shares of company stock valued at $14,030,465 in the last 90 days. 0.51% of the stock is owned by company insiders.

EOG Resources Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the United Kingdom, the People's Republic of China, and Canada.

See Also: Leveraged Buyout (LBO)

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

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