Dimensional Fund Advisors LP Grows Position in EOG Resources, Inc. $EOG

Key Points

• Dimensional Fund Advisors LP increased its holdings in EOG Resources by 0.8%, owning a total of 4,911,741 shares worth approximately $629.79 million at the end of the latest quarter.
• EOG Resources recently declared a quarterly dividend of $1.02, representing a 3.4% yield, which is an increase from the previous quarterly dividend of $0.98.
• The company reported $2.32 EPS for the latest quarter, exceeding analysts' expectations of $2.14, while facing a 9.1% decline in revenue year-over-year.

Dimensional Fund Advisors LP boosted its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 0.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,911,741 shares of the energy exploration company's stock after purchasing an additional 36,777 shares during the period. Dimensional Fund Advisors LP owned approximately 0.90% of EOG Resources worth $629,789,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in EOG Resources by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 53,981,854 shares of the energy exploration company's stock worth $6,922,633,000 after purchasing an additional 348,895 shares during the period. Capital World Investors increased its position in EOG Resources by 5.2% during the 4th quarter. Capital World Investors now owns 45,919,327 shares of the energy exploration company's stock valued at $5,628,497,000 after purchasing an additional 2,270,013 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of EOG Resources by 6.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 19,380,866 shares of the energy exploration company's stock valued at $2,485,402,000 after buying an additional 1,188,552 shares during the period. Northern Trust Corp grew its holdings in shares of EOG Resources by 2.9% during the 4th quarter. Northern Trust Corp now owns 5,719,012 shares of the energy exploration company's stock worth $701,036,000 after acquiring an additional 159,216 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its holdings in EOG Resources by 1.1% in the first quarter. Massachusetts Financial Services Co. MA now owns 5,530,260 shares of the energy exploration company's stock worth $709,201,000 after purchasing an additional 60,454 shares in the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

EOG Resources Stock Up 0.8%

Shares of EOG stock traded up $0.9750 during mid-day trading on Wednesday, hitting $118.2950. The company's stock had a trading volume of 2,527,504 shares, compared to its average volume of 2,839,869. The stock has a market cap of $64.59 billion, a price-to-earnings ratio of 11.50, a PEG ratio of 8.96 and a beta of 0.80. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.61 and a current ratio of 1.79. EOG Resources, Inc. has a 52-week low of $102.52 and a 52-week high of $138.18. The business has a 50-day moving average price of $120.31 and a 200 day moving average price of $119.25.

EOG Resources (NYSE:EOG - Get Free Report) last issued its earnings results on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.14 by $0.18. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The company had revenue of $5.48 billion for the quarter, compared to analysts' expectations of $5.45 billion. During the same quarter last year, the company posted $3.16 earnings per share. The firm's quarterly revenue was down 9.1% on a year-over-year basis. Research analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 17th will be paid a $1.02 dividend. This is a boost from EOG Resources's previous quarterly dividend of $0.98. The ex-dividend date is Friday, October 17th. This represents a $4.08 annualized dividend and a dividend yield of 3.4%. EOG Resources's dividend payout ratio (DPR) is currently 37.90%.

Insider Activity

In related news, COO Jeffrey R. Leitzell sold 3,951 shares of the firm's stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $119.65, for a total value of $472,737.15. Following the transaction, the chief operating officer owned 45,739 shares of the company's stock, valued at approximately $5,472,671.35. This trade represents a 7.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.13% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Roth Capital cut shares of EOG Resources from a "buy" rating to a "neutral" rating and dropped their target price for the company from $140.00 to $134.00 in a report on Wednesday, July 9th. Bank of America dropped their price objective on shares of EOG Resources from $125.00 to $124.00 and set a "neutral" rating on the stock in a research note on Friday, May 23rd. Royal Bank Of Canada cut their price objective on shares of EOG Resources from $145.00 to $140.00 and set an "outperform" rating on the stock in a report on Tuesday, July 8th. Wells Fargo & Company reiterated an "overweight" rating on shares of EOG Resources in a report on Sunday, June 22nd. Finally, Morgan Stanley set a $135.00 price target on EOG Resources and gave the stock an "equal weight" rating in a research report on Monday, June 2nd. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $143.61.

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.