BMT Investment Advisors Acquires 300 Shares of EOG Resources Inc (NYSE:EOG)

BMT Investment Advisors lifted its holdings in shares of EOG Resources Inc (NYSE:EOG) by 1.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,531 shares of the energy exploration company’s stock after purchasing an additional 300 shares during the period. BMT Investment Advisors’ holdings in EOG Resources were worth $2,049,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Schroder Investment Management Group lifted its stake in EOG Resources by 56.3% during the third quarter. Schroder Investment Management Group now owns 60,614 shares of the energy exploration company’s stock worth $7,732,000 after purchasing an additional 21,839 shares during the last quarter. FDx Advisors Inc. lifted its stake in EOG Resources by 44.2% during the third quarter. FDx Advisors Inc. now owns 4,156 shares of the energy exploration company’s stock worth $530,000 after purchasing an additional 1,274 shares during the last quarter. Bridgeway Capital Management Inc. bought a new stake in EOG Resources during the third quarter worth about $202,000. GSA Capital Partners LLP bought a new stake in EOG Resources during the third quarter worth about $236,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in EOG Resources by 75.6% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,018 shares of the energy exploration company’s stock worth $3,444,000 after purchasing an additional 11,635 shares during the last quarter. Institutional investors own 88.03% of the company’s stock.

Shares of NYSE:EOG traded down $4.20 during midday trading on Friday, hitting $97.88. The company had a trading volume of 4,329,718 shares, compared to its average volume of 4,038,159. EOG Resources Inc has a 12-month low of $82.04 and a 12-month high of $133.53. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.36 and a quick ratio of 1.13. The firm has a market capitalization of $58.46 billion, a price-to-earnings ratio of 17.67, a price-to-earnings-growth ratio of 1.40 and a beta of 1.26.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Tuesday, February 26th. The energy exploration company reported $1.24 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.34 by ($0.10). EOG Resources had a return on equity of 17.83% and a net margin of 19.79%. The business had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.44 billion. During the same quarter in the previous year, the company posted $0.69 EPS. The company’s quarterly revenue was up 36.9% on a year-over-year basis. On average, equities research analysts expect that EOG Resources Inc will post 5.26 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend is Monday, April 15th. EOG Resources’s dividend payout ratio (DPR) is presently 15.88%.

In other EOG Resources news, Director Frank G. Wisner sold 1,296 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $87.28, for a total transaction of $113,114.88. Following the completion of the transaction, the director now owns 120,052 shares of the company’s stock, valued at approximately $10,478,138.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.20% of the stock is owned by corporate insiders.

Several equities research analysts have issued reports on the company. Goldman Sachs Group lowered EOG Resources to a “buy” rating in a research note on Friday, April 12th. KeyCorp lifted their price target on EOG Resources from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note on Monday. MKM Partners reiterated a “neutral” rating and issued a $109.00 price objective on shares of EOG Resources in a report on Tuesday, April 16th. Citigroup began coverage on EOG Resources in a report on Tuesday, April 9th. They set a “buy” rating on the stock. Finally, Piper Jaffray Companies restated a “buy” rating and set a $106.00 price target on shares of EOG Resources in a report on Wednesday, January 9th. Nine analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $122.46.

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EOG Resources Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the People's Republic of China, and Canada.

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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