Assenagon Asset Management S.A. Has $1.66 Million Holdings in EOG Resources, Inc. (NYSE:EOG)

Assenagon Asset Management S.A. raised its holdings in EOG Resources, Inc. (NYSE:EOGGet Rating) by 194.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,852 shares of the energy exploration company’s stock after purchasing an additional 9,815 shares during the quarter. Assenagon Asset Management S.A.’s holdings in EOG Resources were worth $1,659,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of EOG. FMR LLC lifted its holdings in EOG Resources by 22.8% during the 2nd quarter. FMR LLC now owns 18,286,986 shares of the energy exploration company’s stock worth $2,019,614,000 after buying an additional 3,399,315 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of EOG Resources by 38.5% during the second quarter. Price T Rowe Associates Inc. MD now owns 15,425,915 shares of the energy exploration company’s stock worth $1,703,638,000 after acquiring an additional 4,291,887 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in EOG Resources by 196.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 9,859,925 shares of the energy exploration company’s stock valued at $1,175,599,000 after purchasing an additional 6,529,464 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of EOG Resources by 25.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 7,944,716 shares of the energy exploration company’s stock worth $877,414,000 after buying an additional 1,591,147 shares during the last quarter. Finally, Amundi lifted its holdings in EOG Resources by 31.0% in the second quarter. Amundi now owns 5,707,245 shares of the energy exploration company’s stock valued at $547,518,000 after buying an additional 1,352,130 shares during the period. Institutional investors and hedge funds own 87.40% of the company’s stock.

Insider Buying and Selling at EOG Resources

In other news, EVP Kenneth W. Boedeker sold 1,995 shares of the business’s stock in a transaction dated Monday, November 7th. The shares were sold at an average price of $145.09, for a total transaction of $289,454.55. Following the transaction, the executive vice president now directly owns 20,978 shares in the company, valued at approximately $3,043,698.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Kenneth W. Boedeker sold 1,995 shares of the business’s stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $145.09, for a total transaction of $289,454.55. Following the transaction, the executive vice president now directly owns 20,978 shares of the company’s stock, valued at approximately $3,043,698.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Lloyd W. Helms, Jr. sold 2,720 shares of the firm’s stock in a transaction on Monday, November 7th. The shares were sold at an average price of $146.08, for a total value of $397,337.60. Following the sale, the chief operating officer now directly owns 156,368 shares of the company’s stock, valued at approximately $22,842,237.44. The disclosure for this sale can be found here. Insiders sold a total of 10,170 shares of company stock worth $1,459,657 over the last quarter. 0.40% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have commented on EOG. Stifel Nicolaus initiated coverage on shares of EOG Resources in a report on Tuesday, October 25th. They set a “buy” rating and a $151.00 target price for the company. Morgan Stanley upgraded shares of EOG Resources from an “equal weight” rating to an “overweight” rating and decreased their price objective for the company from $149.00 to $147.00 in a report on Wednesday, October 19th. Credit Suisse Group lifted their price target on shares of EOG Resources from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, November 4th. KeyCorp started coverage on shares of EOG Resources in a research report on Monday, September 19th. They issued an “overweight” rating and a $157.00 price objective for the company. Finally, Johnson Rice lowered EOG Resources from a “buy” rating to a “hold” rating and reduced their target price for the stock from $177.00 to $163.00 in a report on Monday, December 5th. Six research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $155.50.

EOG Resources Stock Performance

EOG opened at $129.46 on Friday. The business’s 50-day simple moving average is $133.62 and its 200 day simple moving average is $122.79. EOG Resources, Inc. has a 52-week low of $92.16 and a 52-week high of $150.88. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.62 and a current ratio of 1.78. The firm has a market capitalization of $76.04 billion, a PE ratio of 10.17, a PEG ratio of 0.30 and a beta of 1.53.

EOG Resources (NYSE:EOGGet Rating) last posted its quarterly earnings results on Thursday, November 3rd. The energy exploration company reported $3.71 earnings per share for the quarter, missing the consensus estimate of $3.75 by ($0.04). The company had revenue of $7.59 billion for the quarter, compared to analyst estimates of $7.19 billion. EOG Resources had a return on equity of 35.36% and a net margin of 29.84%. As a group, sell-side analysts expect that EOG Resources, Inc. will post 14 earnings per share for the current fiscal year.

EOG Resources Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 31st. Shareholders of record on Tuesday, January 17th will be given a dividend of $0.825 per share. This is a positive change from EOG Resources’s previous quarterly dividend of $0.75. This represents a $3.30 annualized dividend and a yield of 2.55%. The ex-dividend date of this dividend is Friday, January 13th. EOG Resources’s dividend payout ratio is 23.57%.

EOG Resources Profile

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EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, and natural gas and natural gas liquids. Its principal producing areas are in New Mexico and Texas in the United States; and the Republic of Trinidad and Tobago. As of December 31, 2021, it had total estimated net proved reserves of 3,747 million barrels of oil equivalent, including 1,548 million barrels (MMBbl) of crude oil and condensate reserves; 829 MMBbl of natural gas liquid reserves; and 8,222 billion cubic feet of natural gas reserves.

Further Reading

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

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