IFM Investors Increases Stake in EOG Resources, Inc. (EOG) as Shale Projects Advance

EOG Resources, Inc. (NYSE:EOG) is among the best safe stocks to buy now. According to the latest disclosure with the SEC, IFM Investors Pty Ltd raised its position in EOG Resources, Inc. (NYSE:EOG) by 2.1% during the second quarter. Following the purchase of 2,382 shares, the institutional investor owns 115,513 shares of the company’s stock, valued at $13,817,000.

One of the takeaways is the company’s joint shale project with Abu Dhabi National Oil Company, which is right on track. This will enable EOG Resources, Inc. (NYSE:EOG) to develop shale resources in the UAE shale oil play, as well as the shale gas play in Bahrain, a location where it has already entered into an agreement with the national energy firm BAPCO.

As stated by the CEO, Ezra Yacob,

“We have captured abundant resource at both plays, and we’ve partnered with companies that we have very, very strong stakeholder alignment with.”

The company’s impressive product mix of natural gas assets, all of which is due to the Encino integration, makes it quite a valuable investment. This, together with the record natural gas demand from both datacenters and LNG exports, makes EOG Resources, Inc. (NYSE:EOG) one of the key players in the industry.

EOG Resources, Inc. (NYSE:EOG) is a Texas-based company that specializes in crude oil, natural gas liquids, and natural gas in producing basins. Founded in 1985, the energy provider is dedicated to creating sustainable value.

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Disclosure: None.