Pacer Advisors Inc. Cuts Stock Holdings in EOG Resources, Inc. $EOG

Pacer Advisors Inc. reduced its position in EOG Resources, Inc. (NYSE:EOG) by 25.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,809,074 shares of the energy exploration company’s stock after selling 968,813 shares during the period. Pacer Advisors Inc.’s holdings in EOG Resources were worth $314,953,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in EOG. Cullen Capital Management LLC boosted its position in shares of EOG Resources by 4.7% during the second quarter. Cullen Capital Management LLC now owns 576,470 shares of the energy exploration company’s stock valued at $68,952,000 after buying an additional 25,753 shares during the last quarter. Kiker Wealth Management LLC bought a new position in EOG Resources during the 2nd quarter valued at about $627,000. Railway Pension Investments Ltd boosted its holdings in shares of EOG Resources by 6.9% during the 2nd quarter. Railway Pension Investments Ltd now owns 449,100 shares of the energy exploration company’s stock valued at $53,717,000 after acquiring an additional 28,800 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in shares of EOG Resources by 9.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 61,742 shares of the energy exploration company’s stock worth $7,386,000 after acquiring an additional 5,156 shares during the period. Finally, Canada Pension Plan Investment Board grew its stake in shares of EOG Resources by 30.1% in the first quarter. Canada Pension Plan Investment Board now owns 195,782 shares of the energy exploration company’s stock worth $25,107,000 after acquiring an additional 45,295 shares during the period. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

EOG Resources Price Performance

NYSE:EOG opened at $103.86 on Friday. The business’s 50-day simple moving average is $106.92 and its two-hundred day simple moving average is $114.52. EOG Resources, Inc. has a 52 week low of $101.59 and a 52 week high of $138.18. The stock has a market cap of $56.35 billion, a PE ratio of 10.34, a P/E/G ratio of 7.86 and a beta of 0.49. The company has a quick ratio of 1.43, a current ratio of 1.62 and a debt-to-equity ratio of 0.25.

EOG Resources (NYSE:EOG) last released its earnings results on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.29. The firm had revenue of $5.85 billion during the quarter, compared to analysts’ expectations of $5.48 billion. EOG Resources had a return on equity of 19.80% and a net margin of 24.49%.The firm’s revenue was down 2.0% on a year-over-year basis. During the same quarter last year, the business posted $2.89 earnings per share. As a group, analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 16th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Friday, January 16th. EOG Resources’s dividend payout ratio (DPR) is 40.64%.

Analysts Set New Price Targets

A number of research firms have commented on EOG. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $153.00 target price on shares of EOG Resources in a research report on Wednesday, December 3rd. BMO Capital Markets decreased their price target on shares of EOG Resources from $130.00 to $126.00 and set an “outperform” rating on the stock in a research report on Monday, December 15th. Mizuho set a $134.00 price objective on shares of EOG Resources and gave the company a “neutral” rating in a research report on Friday, December 12th. Barclays set a $136.00 price objective on EOG Resources and gave the stock an “equal weight” rating in a research note on Tuesday, October 7th. Finally, Wolfe Research lowered their target price on EOG Resources from $139.00 to $138.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seventeen have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $138.93.

EOG Resources Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.