Epoch Investment Partners Inc. Has $68.15 Million Stock Holdings in EOG Resources, Inc. $EOG

Key Points

• Epoch Investment Partners slightly reduced its EOG Resources stake by 1.5% in the first quarter, but still held 471,398 shares worth about $68.15 million.
• EOG Resources posted strong quarterly results, with EPS of $3.41 and revenue of $6.92 billion, both above analyst estimates, and revenue rose 22.1% year over year.
• The company also announced a quarterly dividend of $1.02 per share, implying a 2.8% yield, while analysts currently view the stock as a Moderate Buy with an average target price of $155.32.

Epoch Investment Partners Inc. trimmed its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 1.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 471,398 shares of the energy exploration company's stock after selling 7,240 shares during the period. Epoch Investment Partners Inc. owned 0.09% of EOG Resources worth $68,150,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Acumen Wealth Advisors LLC bought a new stake in shares of EOG Resources during the 4th quarter worth about $25,000. SJS Investment Consulting Inc. raised its stake in shares of EOG Resources by 225.5% in the 1st quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company's stock valued at $26,000 after acquiring an additional 124 shares in the last quarter. Prosperity Bancshares Inc bought a new position in shares of EOG Resources in the 4th quarter valued at approximately $26,000. Nemes Rush Group LLC acquired a new stake in EOG Resources in the 4th quarter worth approximately $30,000. Finally, Financial Life Planners acquired a new stake in EOG Resources in the 1st quarter worth approximately $30,000. Institutional investors and hedge funds own 89.91% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Jefferies Financial Group reiterated a "buy" rating and issued a $175.00 price objective (up from $170.00) on shares of EOG Resources in a research note on Thursday, July 2nd. Zacks Research downgraded EOG Resources from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 27th. JPMorgan Chase & Co. lowered their target price on EOG Resources from $148.00 to $142.00 and set a "neutral" rating on the stock in a report on Tuesday, June 30th. Raymond James Financial dropped their price target on EOG Resources from $186.00 to $176.00 and set a "strong-buy" rating on the stock in a research report on Monday, June 22nd. Finally, UBS Group cut their price target on EOG Resources from $168.00 to $158.00 and set a "buy" rating for the company in a report on Thursday, July 2nd. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and sixteen have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $155.32.

EOG Resources Price Performance

Shares of EOG stock opened at $146.62 on Friday. The stock's fifty day simple moving average is $136.76 and its 200 day simple moving average is $129.90. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.72 and a quick ratio of 1.53. The firm has a market cap of $78.09 billion, a price-to-earnings ratio of 14.43 and a beta of 0.25. EOG Resources, Inc. has a one year low of $101.59 and a one year high of $151.87.

EOG Resources (NYSE:EOG - Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.23 by $0.18. The firm had revenue of $6.92 billion during the quarter, compared to analyst estimates of $6.18 billion. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The business's revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.87 earnings per share. On average, analysts expect that EOG Resources, Inc. will post 16.19 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be issued a $1.02 dividend. The ex-dividend date of this dividend is Friday, July 17th. This represents a $4.08 annualized dividend and a dividend yield of 2.8%. EOG Resources's dividend payout ratio is presently 40.16%.

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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