Pacer Advisors Inc. Raises Position in EOG Resources, Inc. (NYSE:EOG)

Pacer Advisors Inc. boosted its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 5.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,604,741 shares of the energy exploration company’s stock after purchasing an additional 140,041 shares during the quarter. EOG Resources makes up approximately 1.2% of Pacer Advisors Inc.’s holdings, making the stock its 5th largest position. Pacer Advisors Inc. owned approximately 0.45% of EOG Resources worth $298,087,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of EOG. Oppenheimer Asset Management Inc. lifted its position in shares of EOG Resources by 18.2% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 65,998 shares of the energy exploration company’s stock valued at $7,565,000 after acquiring an additional 10,154 shares during the last quarter. Continuum Advisory LLC grew its position in shares of EOG Resources by 6.6% in the first quarter. Continuum Advisory LLC now owns 7,112 shares of the energy exploration company’s stock valued at $815,000 after purchasing an additional 438 shares during the last quarter. Beese Fulmer Investment Management Inc. lifted its stake in shares of EOG Resources by 1.0% in the second quarter. Beese Fulmer Investment Management Inc. now owns 46,478 shares of the energy exploration company’s stock valued at $5,319,000 after buying an additional 447 shares during the period. Natixis increased its position in shares of EOG Resources by 56.2% during the fourth quarter. Natixis now owns 351,270 shares of the energy exploration company’s stock valued at $45,496,000 after purchasing an additional 126,454 shares during the period. Finally, Allworth Financial LP increased its position in shares of EOG Resources by 6.3% during the first quarter. Allworth Financial LP now owns 11,160 shares of the energy exploration company’s stock valued at $1,279,000 after purchasing an additional 666 shares during the period. 89.21% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, COO Lloyd W. Helms, Jr. sold 4,551 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $130.76, for a total transaction of $595,088.76. Following the completion of the transaction, the chief operating officer now owns 145,259 shares in the company, valued at $18,994,066.84. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other EOG Resources news, EVP Jeffrey R. Leitzell sold 2,031 shares of the business’s stock in a transaction that occurred on Friday, July 7th. The stock was sold at an average price of $117.26, for a total transaction of $238,155.06. Following the completion of the transaction, the executive vice president now owns 37,607 shares in the company, valued at $4,409,796.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Lloyd W. Helms, Jr. sold 4,551 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $130.76, for a total value of $595,088.76. Following the transaction, the chief operating officer now owns 145,259 shares of the company’s stock, valued at approximately $18,994,066.84. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on EOG shares. The Goldman Sachs Group lowered shares of EOG Resources from a “buy” rating to a “neutral” rating and reduced their price target for the company from $137.00 to $130.00 in a research report on Tuesday, June 13th. UBS Group lifted their price objective on EOG Resources from $139.00 to $164.00 and gave the company a “buy” rating in a report on Thursday, August 17th. Mizuho boosted their target price on EOG Resources from $155.00 to $157.00 and gave the company a “buy” rating in a research note on Monday. Truist Financial increased their price target on EOG Resources from $150.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, August 7th. Finally, Tudor, Pickering, Holt & Co. downgraded EOG Resources from a “buy” rating to a “hold” rating in a research report on Thursday, August 24th. Six analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $148.21.

EOG Resources Stock Down 1.6 %

EOG stock traded down $2.07 on Tuesday, reaching $129.81. 783,596 shares of the company traded hands, compared to its average volume of 3,356,944. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.39 and a quick ratio of 2.02. The company has a market cap of $75.58 billion, a P/E ratio of 8.89, a price-to-earnings-growth ratio of 0.42 and a beta of 1.57. EOG Resources, Inc. has a one year low of $98.52 and a one year high of $150.88. The firm has a fifty day simple moving average of $128.38 and a 200-day simple moving average of $118.72.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Thursday, August 3rd. The energy exploration company reported $2.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.28 by $0.21. EOG Resources had a net margin of 33.58% and a return on equity of 28.52%. The firm had revenue of $5.57 billion for the quarter, compared to the consensus estimate of $4.74 billion. During the same quarter last year, the firm posted $2.74 EPS. The business’s quarterly revenue was down 24.8% compared to the same quarter last year. Research analysts anticipate that EOG Resources, Inc. will post 11.08 earnings per share for the current year.

EOG Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Tuesday, October 17th will be given a dividend of $0.825 per share. The ex-dividend date is Monday, October 16th. This represents a $3.30 annualized dividend and a dividend yield of 2.54%. EOG Resources’s payout ratio is 22.24%.

About EOG Resources

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. The company was formerly known as Enron Oil & Gas Company.