Vanguard Group Inc. Has $6.37 Billion Position in EOG Resources, Inc. $EOG

Vanguard Group Inc. trimmed its holdings in EOG Resources, Inc. (NYSE:EOG) by 1.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,275,012 shares of the energy exploration company’s stock after selling 706,842 shares during the quarter. Vanguard Group Inc. owned about 9.76% of EOG Resources worth $6,372,224,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in EOG. Empowered Funds LLC increased its holdings in EOG Resources by 49.8% in the second quarter. Empowered Funds LLC now owns 331,239 shares of the energy exploration company’s stock worth $39,619,000 after purchasing an additional 110,082 shares in the last quarter. LSV Asset Management boosted its holdings in shares of EOG Resources by 4.1% during the 2nd quarter. LSV Asset Management now owns 715,790 shares of the energy exploration company’s stock worth $85,616,000 after buying an additional 28,344 shares in the last quarter. Dorsey & Whitney Trust CO LLC grew its position in shares of EOG Resources by 3.7% during the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 4,060 shares of the energy exploration company’s stock worth $486,000 after buying an additional 145 shares during the period. Nomura Asset Management Co. Ltd. grew its position in shares of EOG Resources by 27.8% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 344,999 shares of the energy exploration company’s stock worth $41,265,000 after buying an additional 75,040 shares during the period. Finally, Slagle Financial LLC increased its stake in shares of EOG Resources by 107.1% in the 2nd quarter. Slagle Financial LLC now owns 26,740 shares of the energy exploration company’s stock valued at $3,198,000 after acquiring an additional 13,830 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Up 0.1%

EOG Resources stock opened at $109.63 on Wednesday. The firm has a market capitalization of $59.49 billion, a price-to-earnings ratio of 10.65, a price-to-earnings-growth ratio of 8.20 and a beta of 0.72. The firm’s fifty day moving average price is $110.70 and its two-hundred day moving average price is $115.46. EOG Resources, Inc. has a 1-year low of $102.52 and a 1-year high of $138.18. The company has a current ratio of 1.79, a quick ratio of 1.61 and a debt-to-equity ratio of 0.12.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, November 6th. The energy exploration company reported $2.71 EPS for the quarter, topping analysts’ consensus estimates of $2.42 by $0.29. The firm had revenue of $5.85 billion during the quarter, compared to analyst estimates of $5.48 billion. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.The company’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.89 EPS. On average, equities research analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 16th will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Friday, January 16th. EOG Resources’s dividend payout ratio is presently 40.64%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on EOG. JPMorgan Chase & Co. cut their target price on shares of EOG Resources from $132.00 to $131.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 1st. Melius Research started coverage on shares of EOG Resources in a research note on Wednesday, August 20th. They issued a “buy” rating and a $173.00 price target for the company. Susquehanna increased their price objective on shares of EOG Resources from $156.00 to $170.00 and gave the stock a “positive” rating in a research report on Wednesday, July 23rd. Melius assumed coverage on EOG Resources in a research note on Wednesday, August 20th. They issued a “buy” rating and a $173.00 target price for the company. Finally, Morgan Stanley dropped their price target on EOG Resources from $141.00 to $136.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $140.12.

EOG Resources Company Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.