Schroder Investment Management Group Acquires 23,752 Shares of EOG Resources Inc (NYSE:EOG)

Schroder Investment Management Group increased its holdings in shares of EOG Resources Inc (NYSE:EOG) by 96.2% in the second quarter, according to its most recent filing with the SEC. The fund owned 48,455 shares of the energy exploration company’s stock after acquiring an additional 23,752 shares during the period. Schroder Investment Management Group’s holdings in EOG Resources were worth $4,514,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Advisory Services Network LLC raised its position in EOG Resources by 0.8% during the 1st quarter. Advisory Services Network LLC now owns 16,930 shares of the energy exploration company’s stock valued at $1,611,000 after purchasing an additional 137 shares in the last quarter. Hotaling Investment Management LLC raised its position in EOG Resources by 1.2% during the 2nd quarter. Hotaling Investment Management LLC now owns 12,066 shares of the energy exploration company’s stock valued at $1,124,000 after purchasing an additional 139 shares in the last quarter. Foresters Asset Management Inc. raised its position in EOG Resources by 53.8% during the 2nd quarter. Foresters Asset Management Inc. now owns 400 shares of the energy exploration company’s stock valued at $38,000 after purchasing an additional 140 shares in the last quarter. Glassman Wealth Services raised its position in EOG Resources by 12.3% during the 1st quarter. Glassman Wealth Services now owns 1,321 shares of the energy exploration company’s stock valued at $126,000 after purchasing an additional 145 shares in the last quarter. Finally, Parallel Advisors LLC raised its position in EOG Resources by 7.3% during the 2nd quarter. Parallel Advisors LLC now owns 2,140 shares of the energy exploration company’s stock valued at $199,000 after purchasing an additional 146 shares in the last quarter. 86.51% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:EOG traded down $2.27 on Tuesday, reaching $71.96. The company had a trading volume of 2,361,791 shares, compared to its average volume of 4,110,248. EOG Resources Inc has a 52-week low of $70.83 and a 52-week high of $133.53. The firm’s 50 day simple moving average is $76.78 and its 200-day simple moving average is $87.50. The firm has a market capitalization of $43.54 billion, a PE ratio of 12.99, a PEG ratio of 1.72 and a beta of 1.36. The company has a current ratio of 1.02, a quick ratio of 0.83 and a debt-to-equity ratio of 0.20.

EOG Resources (NYSE:EOG) last announced its earnings results on Thursday, August 1st. The energy exploration company reported $1.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.33 by ($0.02). EOG Resources had a return on equity of 16.25% and a net margin of 19.69%. The business had revenue of $4.70 billion for the quarter, compared to analysts’ expectations of $4.41 billion. During the same quarter last year, the firm earned $1.37 earnings per share. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. As a group, equities research analysts predict that EOG Resources Inc will post 5 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 17th will be paid a dividend of $0.2875 per share. The ex-dividend date is Wednesday, October 16th. This represents a $1.15 annualized dividend and a yield of 1.60%. EOG Resources’s dividend payout ratio (DPR) is 20.76%.

A number of equities research analysts have weighed in on the company. Raymond James reaffirmed a “buy” rating and set a $102.00 target price on shares of EOG Resources in a research report on Thursday, August 22nd. Piper Jaffray Companies set a $111.00 price target on EOG Resources and gave the company a “buy” rating in a report on Friday, August 16th. Oppenheimer cut their price target on EOG Resources from $111.00 to $102.00 and set an “outperform” rating on the stock in a report on Thursday, August 22nd. Wells Fargo & Co lifted their price target on EOG Resources from $101.00 to $103.00 and gave the company an “outperform” rating in a report on Monday, August 12th. Finally, TheStreet downgraded EOG Resources from a “b-” rating to a “c” rating in a report on Thursday, August 15th. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-one have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $111.67.

EOG Resources Company 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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