Mutual of America Capital Management LLC Acquires 5,303 Shares of EOG Resources, Inc. (NYSE:EOG)

Mutual of America Capital Management LLC boosted its holdings in EOG Resources, Inc. (NYSE:EOG) by 6.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 81,759 shares of the energy exploration company’s stock after purchasing an additional 5,303 shares during the quarter. Mutual of America Capital Management LLC’s holdings in EOG Resources were worth $10,291,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in EOG. Axxcess Wealth Management LLC boosted its position in shares of EOG Resources by 0.6% during the 2nd quarter. Axxcess Wealth Management LLC now owns 18,237 shares of the energy exploration company’s stock valued at $2,295,000 after acquiring an additional 105 shares during the last quarter. Citizens Financial Group Inc. RI boosted its stake in shares of EOG Resources by 9.5% during the second quarter. Citizens Financial Group Inc. RI now owns 3,204 shares of the energy exploration company’s stock valued at $403,000 after purchasing an additional 278 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of EOG Resources by 6.1% during the second quarter. Dimensional Fund Advisors LP now owns 4,473,897 shares of the energy exploration company’s stock valued at $563,070,000 after purchasing an additional 258,732 shares during the period. Waycross Partners LLC boosted its stake in shares of EOG Resources by 13.1% during the second quarter. Waycross Partners LLC now owns 84,965 shares of the energy exploration company’s stock valued at $10,695,000 after purchasing an additional 9,847 shares during the period. Finally, Rathbones Group PLC boosted its stake in shares of EOG Resources by 4.1% during the second quarter. Rathbones Group PLC now owns 30,234 shares of the energy exploration company’s stock valued at $3,806,000 after purchasing an additional 1,190 shares during the period. 89.91% of the stock is currently owned by institutional investors.

Insider Transactions at EOG Resources

In other news, EVP Michael P. Donaldson sold 11,037 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the completion of the transaction, the executive vice president now directly owns 74,250 shares in the company, valued at approximately $9,615,375. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, EVP Michael P. Donaldson sold 11,037 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the completion of the transaction, the executive vice president now directly owns 74,250 shares in the company, valued at approximately $9,615,375. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Charles R. Crisp sold 6,500 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total value of $816,400.00. Following the transaction, the director now owns 60,892 shares of the company’s stock, valued at $7,648,035.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,537 shares of company stock worth $2,751,612. 0.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts recently weighed in on EOG shares. Piper Sandler decreased their price objective on EOG Resources from $154.00 to $147.00 and set an “overweight” rating for the company in a report on Thursday, August 15th. Truist Financial dropped their price target on EOG Resources from $136.00 to $130.00 and set a “hold” rating on the stock in a research note on Monday, July 22nd. KeyCorp began coverage on EOG Resources in a research note on Thursday, June 27th. They set an “overweight” rating and a $157.00 price target on the stock. Sanford C. Bernstein dropped their target price on EOG Resources from $139.00 to $125.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 17th. Finally, Susquehanna dropped their target price on EOG Resources from $159.00 to $158.00 and set a “positive” rating on the stock in a research report on Wednesday, September 4th. Fourteen equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $142.89.

EOG Resources Stock Up 1.0 %

NYSE EOG opened at $124.38 on Thursday. The business has a fifty day moving average price of $125.76 and a 200 day moving average price of $126.42. EOG Resources, Inc. has a one year low of $108.94 and a one year high of $139.67. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.89 and a current ratio of 2.12. The company has a market cap of $71.48 billion, a P/E ratio of 9.82, a P/E/G ratio of 2.95 and a beta of 1.28.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Thursday, August 1st. The energy exploration company reported $3.16 EPS for the quarter, beating the consensus estimate of $2.98 by $0.18. EOG Resources had a return on equity of 25.42% and a net margin of 30.33%. The firm had revenue of $6.03 billion during the quarter, compared to the consensus estimate of $6.07 billion. During the same period in the prior year, the company earned $2.49 EPS. The firm’s revenue was up 8.1% compared to the same quarter last year. Research analysts anticipate that EOG Resources, Inc. will post 12.2 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date is Thursday, October 17th. EOG Resources’s dividend payout ratio is presently 28.75%.

About EOG Resources

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.