EOG Resources, Inc. $EOG Stock Holdings Increased by Capital Research Global Investors

Key Points

• Capital Research Global Investors increased its stake in EOG by 0.5% in Q3 to 24,926,659 shares (4.57% ownership), valued at about $2.79 billion.
• Wall Street carries a consensus rating of "Hold" with a $135.77 average price target, while individual analysts range from buy/overweight (e.g., UBS, Wells Fargo) to market perform/neutral.
• EOG announced a quarterly dividend of $1.02 (annualized $4.08) implying a ~3.1% yield; the ex-dividend date is April 16 and payment is scheduled for April 30.

Capital Research Global Investors lifted its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 0.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 24,926,659 shares of the energy exploration company's stock after purchasing an additional 122,486 shares during the quarter. Capital Research Global Investors owned 4.57% of EOG Resources worth $2,794,784,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. JCIC Asset Management Inc. bought a new position in EOG Resources in the 3rd quarter valued at about $32,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of EOG Resources in the 2nd quarter worth approximately $35,000. Salomon & Ludwin LLC lifted its stake in shares of EOG Resources by 122.8% in the 3rd quarter. Salomon & Ludwin LLC now owns 323 shares of the energy exploration company's stock worth $36,000 after acquiring an additional 178 shares during the period. Mountain Hill Investment Partners Corp. bought a new position in shares of EOG Resources in the third quarter valued at approximately $37,000. Finally, Quent Capital LLC acquired a new position in shares of EOG Resources during the third quarter valued at approximately $37,000. 89.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on EOG shares. Wells Fargo & Company reissued an "overweight" rating and set a $127.00 target price (up from $126.00) on shares of EOG Resources in a report on Tuesday, January 27th. JPMorgan Chase & Co. lifted their price target on EOG Resources from $115.00 to $125.00 and gave the company a "neutral" rating in a research report on Thursday, February 26th. Sanford C. Bernstein reissued a "market perform" rating and issued a $126.00 price objective (down from $144.00) on shares of EOG Resources in a research note on Monday, January 5th. UBS Group upped their price objective on EOG Resources from $141.00 to $149.00 and gave the company a "buy" rating in a report on Monday, March 2nd. Finally, Stephens raised their target price on EOG Resources from $138.00 to $139.00 and gave the company an "equal weight" rating in a research note on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seventeen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $135.77.

Insider Activity

In other news, COO Jeffrey R. Leitzell sold 2,000 shares of the business's stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $130.00, for a total transaction of $260,000.00. Following the sale, the chief operating officer directly owned 88,045 shares of the company's stock, valued at $11,445,850. The trade was a 2.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold 7,774 shares of company stock worth $945,895 over the last quarter. 0.13% of the stock is owned by insiders.

EOG Resources Stock Up 0.0%

EOG stock opened at $131.48 on Tuesday. The firm has a market cap of $70.54 billion, a PE ratio of 14.43 and a beta of 0.44. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $134.36. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.63 and a quick ratio of 1.42. The firm has a 50 day simple moving average of $114.32 and a 200 day simple moving average of $112.17.

EOG Resources (NYSE:EOG - Get Free Report) last posted its quarterly earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.07. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.The company had revenue of $5.64 billion for the quarter, compared to analysts' expectations of $5.36 billion. During the same quarter in the prior year, the company earned $2.74 earnings per share. The firm's revenue was up .9% on a year-over-year basis. Equities research analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 16th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Thursday, April 16th. EOG Resources's payout ratio is presently 44.79%.

EOG Resources Company 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.

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