Reaves W H & Co. Inc. increased its stake in EOG Resources Inc (NYSE:EOG) by 16.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 355,278 shares of the energy exploration company’s stock after purchasing an additional 49,848 shares during the quarter. Reaves W H & Co. Inc.’s holdings in EOG Resources were worth $33,815,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in EOG. Norges Bank bought a new position in EOG Resources in the 4th quarter worth $504,826,000. Oregon Public Employees Retirement Fund increased its stake in EOG Resources by 8,562.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,498,242 shares of the energy exploration company’s stock worth $63,000 after buying an additional 5,434,773 shares in the last quarter. Eaton Vance Management increased its stake in EOG Resources by 27.4% in the 4th quarter. Eaton Vance Management now owns 3,972,235 shares of the energy exploration company’s stock worth $346,418,000 after buying an additional 855,469 shares in the last quarter. Findlay Park Partners LLP increased its stake in EOG Resources by 33.3% in the 1st quarter. Findlay Park Partners LLP now owns 2,938,638 shares of the energy exploration company’s stock worth $279,700,000 after buying an additional 733,711 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in EOG Resources by 51.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,168,414 shares of the energy exploration company’s stock worth $189,119,000 after buying an additional 732,531 shares in the last quarter. 88.25% of the stock is currently owned by institutional investors.
A number of equities research analysts have issued reports on the company. KeyCorp increased 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, April 22nd. Zacks Investment Research upgraded EOG Resources from a “hold” rating to a “buy” rating and set a $103.00 price target for the company in a research note on Thursday, May 9th. Wells Fargo & Co upgraded EOG Resources from a “market perform” rating to an “outperform” rating in a research note on Monday. Tudor Pickering upgraded EOG Resources from a “hold” rating to a “buy” rating in a research note on Thursday, April 4th. Finally, Susquehanna Bancshares upgraded EOG Resources from a “neutral” rating to a “positive” rating and increased their price target for the stock from $107.00 to $115.00 in a research note on Monday, May 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $121.40.
Shares of EOG Resources stock opened at $93.02 on Monday. The stock has a market cap of $53.98 billion, a PE ratio of 16.79, a PEG ratio of 1.14 and a beta of 1.24. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. EOG Resources Inc has a twelve month low of $82.04 and a twelve month high of $133.53.
EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, May 2nd. The energy exploration company reported $1.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.16. The firm had revenue of $4.06 billion during the quarter, compared to analyst estimates of $3.92 billion. EOG Resources had a return on equity of 17.10% and a net margin of 19.35%. The business’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.19 earnings per share. Analysts anticipate that EOG Resources Inc will post 5.82 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be given a dividend of $0.2875 per share. This is a positive change from EOG Resources’s previous quarterly dividend of $0.22. The ex-dividend date is Tuesday, July 16th. This represents a $1.15 dividend on an annualized basis and a dividend yield of 1.24%. EOG Resources’s dividend payout ratio (DPR) is presently 15.88%.
About EOG Resources
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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