Gladius Capital Management LP Purchases New Stake in EOG Resources, Inc. (NYSE:EOG)

Gladius Capital Management LP acquired a new position in shares of EOG Resources, Inc. (NYSE:EOG) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 236 shares of the energy exploration company’s stock, valued at approximately $30,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Riverview Trust Co acquired a new position in EOG Resources in the 2nd quarter valued at approximately $27,000. Sachetta LLC purchased a new stake in shares of EOG Resources during the fourth quarter worth $33,000. Triad Wealth Partners LLC purchased a new stake in shares of EOG Resources during the second quarter worth $35,000. Norwood Financial Corp acquired a new stake in EOG Resources during the first quarter valued at $37,000. Finally, LifeSteps Financial Inc. acquired a new position in EOG Resources in the 1st quarter worth about $38,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Insider Activity

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $126.48, for a total value of $505,920.00. Following the transaction, the chief operating officer now owns 35,058 shares of the company’s stock, valued at $4,434,135.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Ezra Y. Yacob sold 4,729 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $129.31, for a total transaction of $611,506.99. Following the sale, the chief executive officer now owns 150,474 shares of the company’s stock, valued at approximately $19,457,792.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $126.48, for a total value of $505,920.00. Following the completion of the transaction, the chief operating officer now directly owns 35,058 shares of the company’s stock, valued at $4,434,135.84. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by company insiders.

EOG Resources Stock Performance

Shares of EOG Resources stock opened at $128.06 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.32 and a quick ratio of 2.05. The firm has a 50 day simple moving average of $125.39 and a 200 day simple moving average of $124.62. EOG Resources, Inc. has a fifty-two week low of $108.94 and a fifty-two week high of $139.67. The firm has a market cap of $73.60 billion, a P/E ratio of 10.12, a P/E/G ratio of 2.15 and a beta of 1.30.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share for the quarter, topping the consensus estimate of $2.98 by $0.18. The firm had revenue of $6.03 billion during the quarter, compared to analysts’ expectations of $6.07 billion. EOG Resources had a return on equity of 25.65% and a net margin of 30.33%. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the business posted $2.49 EPS. Sell-side analysts predict that EOG Resources, Inc. will post 12.13 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders 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 yield of 2.84%. The ex-dividend date of this dividend is Thursday, October 17th. EOG Resources’s dividend payout ratio is presently 28.75%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Piper Sandler reduced their price target on EOG Resources from $154.00 to $147.00 and set an “overweight” rating for the company in a report on Thursday. Stifel Nicolaus decreased their target price on shares of EOG Resources from $153.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, April 23rd. Citigroup raised their price target on shares of EOG Resources from $124.00 to $130.00 and gave the company a “neutral” rating in a report on Friday, May 24th. Mizuho upped their price objective on shares of EOG Resources from $140.00 to $156.00 and gave the stock a “buy” rating in a report on Monday, May 13th. Finally, StockNews.com upgraded EOG Resources from a “hold” rating to a “buy” rating in a report on Monday, August 5th. Fourteen analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $144.10.

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.