Findlay Park Partners LLP Has $223.72 Million Position in EOG Resources, Inc. $EOG

Key Points

• Findlay Park Partners LLP increased its stake in EOG Resources, lifting its position by 1.4% and owning 1,744,509 shares valued at approximately $223.7 million.
• EOG Resources recently declared a quarterly dividend of $1.02, marking an increase from the previous $0.98, with a dividend yield of 3.4% for shareholders recorded by October 17th.
• The company reported earnings per share (EPS) of $2.32 for the last quarter, exceeding analysts' expectations of $2.14, despite a year-over-year revenue decrease of 9.1%.

Findlay Park Partners LLP lifted its stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 1.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,744,509 shares of the energy exploration company's stock after purchasing an additional 23,400 shares during the quarter. EOG Resources comprises 2.3% of Findlay Park Partners LLP's portfolio, making the stock its 15th largest position. Findlay Park Partners LLP owned approximately 0.32% of EOG Resources worth $223,716,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Banque Cantonale Vaudoise acquired a new stake in shares of EOG Resources during the 1st quarter worth approximately $26,000. Alpine Bank Wealth Management acquired a new stake in shares of EOG Resources during the 1st quarter worth approximately $34,000. Ameriflex Group Inc. acquired a new stake in shares of EOG Resources during the 4th quarter worth approximately $36,000. 10Elms LLP acquired a new stake in shares of EOG Resources during the 4th quarter worth approximately $44,000. Finally, Stone House Investment Management LLC acquired a new stake in shares of EOG Resources during the 1st quarter worth approximately $48,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Price Performance

Shares of EOG traded up $0.55 during trading hours on Friday, hitting $124.89. 1,737,955 shares of the company were exchanged, compared to its average volume of 3,557,974. The company has a market capitalization of $68.19 billion, a PE ratio of 12.14, a PEG ratio of 9.39 and a beta of 0.80. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.79 and a quick ratio of 1.61. The firm has a fifty day simple moving average of $120.07 and a 200-day simple moving average of $119.00. EOG Resources, Inc. has a one year low of $102.52 and a one year high of $138.18.

EOG Resources (NYSE:EOG - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.14 by $0.18. The business had revenue of $5.48 billion during the quarter, compared to analyst estimates of $5.45 billion. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.The company's revenue was down 9.1% compared to the same quarter last year. During the same period last year, the company posted $3.16 EPS. As a group, sell-side analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on EOG. Royal Bank Of Canada decreased their price objective on EOG Resources from $145.00 to $140.00 and set an "outperform" rating for the company in a report on Tuesday, July 8th. Raymond James Financial increased their price objective on EOG Resources from $158.00 to $161.00 and gave the stock a "strong-buy" rating in a report on Tuesday, July 22nd. Wells Fargo & Company reissued an "overweight" rating on shares of EOG Resources in a report on Sunday, June 22nd. Morgan Stanley set a $135.00 price objective on EOG Resources and gave the stock an "equal weight" rating in a report on Monday, June 2nd. Finally, Argus lowered EOG Resources from a "buy" rating to a "hold" rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $143.61.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 3,951 shares of the stock in a transaction on Monday, June 30th. The stock was sold at an average price of $119.65, for a total value of $472,737.15. Following the completion of the sale, the chief operating officer owned 45,739 shares in the company, valued at $5,472,671.35. This represents a 7.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is currently owned by corporate insiders.

About EOG Resources

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.