EOG Resources, Inc. $EOG Shares Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lifted its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 17.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 141,722 shares of the energy exploration company’s stock after acquiring an additional 20,724 shares during the quarter. Thrivent Financial for Lutherans’ holdings in EOG Resources were worth $15,890,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cullen Capital Management LLC raised its stake in EOG Resources by 4.7% during the second quarter. Cullen Capital Management LLC now owns 576,470 shares of the energy exploration company’s stock worth $68,952,000 after acquiring an additional 25,753 shares during the period. Kiker Wealth Management LLC bought a new position in shares of EOG Resources during the second quarter valued at approximately $627,000. Railway Pension Investments Ltd grew its holdings in shares of EOG Resources by 6.9% during the second quarter. Railway Pension Investments Ltd now owns 449,100 shares of the energy exploration company’s stock valued at $53,717,000 after purchasing an additional 28,800 shares during the last quarter. AlphaQuest LLC raised its position in shares of EOG Resources by 1,413.5% during the 3rd quarter. AlphaQuest LLC now owns 25,533 shares of the energy exploration company’s stock worth $2,863,000 after purchasing an additional 23,846 shares during the period. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in shares of EOG Resources by 9.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 61,742 shares of the energy exploration company’s stock worth $7,386,000 after purchasing an additional 5,156 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Insider Activity at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 2,000 shares of the company’s stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $105.68, for a total value of $211,360.00. Following the completion of the sale, the chief operating officer owned 54,979 shares in the company, valued at $5,810,180.72. This represents a 3.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.13% of the company’s stock.

EOG Resources Stock Up 1.8%

EOG stock opened at $110.39 on Wednesday. EOG Resources, Inc. has a 52 week low of $101.59 and a 52 week high of $135.87. The company has a market capitalization of $59.90 billion, a price-to-earnings ratio of 10.99 and a beta of 0.49. The firm’s 50-day moving average is $107.06 and its two-hundred day moving average is $111.57. The company has a current ratio of 1.62, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.42 by $0.29. EOG Resources had a net margin of 24.49% and a return on equity of 19.80%. The business had revenue of $5.85 billion during the quarter, compared to analysts’ expectations of $5.48 billion. During the same period last year, the firm posted $2.89 earnings per share. The business’s revenue was down 2.0% on a year-over-year basis. On average, analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Friday, January 16th were given a dividend of $1.02 per share. The ex-dividend date was Friday, January 16th. This represents a $4.08 annualized dividend and a dividend yield of 3.7%. EOG Resources’s dividend payout ratio (DPR) is 40.64%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Zacks Research lowered EOG Resources from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 20th. Johnson Rice cut their target price on EOG Resources from $145.00 to $135.00 and set a “hold” rating on the stock in a research note on Friday, December 5th. Wells Fargo & Company restated an “overweight” rating and set a $127.00 price target (up previously from $126.00) on shares of EOG Resources in a research report on Tuesday, January 27th. Morgan Stanley set a $128.00 price objective on shares of EOG Resources and gave the stock an “equal weight” rating in a report on Friday, January 23rd. Finally, Wolfe Research lifted their price objective on shares of EOG Resources from $134.00 to $137.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, sixteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, EOG Resources has a consensus rating of “Hold” and a consensus target price of $134.07.

EOG Resources Company 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.