Fiera Capital Corp Purchases Shares of 49,861 EOG Resources, Inc. (NYSE:EOG)

Key Points

• Fiera Capital Corp has invested approximately $6.39 million in EOG Resources, acquiring 49,861 shares of the energy exploration company.
• Analysts have mixed ratings for EOG Resources, with a consensus price target of $140.62 and ratings ranging from "neutral" to "buy".
• EOG Resources will increase its quarterly dividend from $0.98 to $1.02, representing an annualized yield of 3.31%.

Fiera Capital Corp purchased a new stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 49,861 shares of the energy exploration company's stock, valued at approximately $6,394,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Capital World Investors increased its holdings in shares of EOG Resources by 5.2% during the fourth quarter. Capital World Investors now owns 45,919,327 shares of the energy exploration company's stock valued at $5,628,497,000 after acquiring an additional 2,270,013 shares in the last quarter. Geode Capital Management LLC increased its holdings in EOG Resources by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 12,549,802 shares of the energy exploration company's stock worth $1,541,282,000 after buying an additional 234,067 shares in the last quarter. Northern Trust Corp increased its holdings in EOG Resources by 2.9% in the 4th quarter. Northern Trust Corp now owns 5,719,012 shares of the energy exploration company's stock worth $701,036,000 after buying an additional 159,216 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in EOG Resources by 1.1% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 5,530,260 shares of the energy exploration company's stock worth $709,201,000 after buying an additional 60,454 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in EOG Resources by 1.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,874,964 shares of the energy exploration company's stock worth $597,476,000 after buying an additional 50,896 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors.

EOG Resources Trading Down 2.8%

NYSE:EOG traded down $3.38 during trading hours on Friday, hitting $116.64. The company had a trading volume of 2,688,978 shares, compared to its average volume of 2,830,165. The company has a current ratio of 1.87, a quick ratio of 1.71 and a debt-to-equity ratio of 0.12. The company has a 50-day moving average of $118.83 and a 200 day moving average of $120.78. The company has a market cap of $63.66 billion, a P/E ratio of 10.82, a P/E/G ratio of 9.22 and a beta of 0.80. EOG Resources, Inc. has a 1 year low of $102.52 and a 1 year high of $138.18.

EOG Resources (NYSE:EOG - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share for the quarter, topping analysts' consensus estimates of $2.75 by $0.12. EOG Resources had a return on equity of 22.35% and a net margin of 26.14%. The business had revenue of $5.84 billion during the quarter, compared to analysts' expectations of $5.92 billion. During the same period in the prior year, the business posted $2.82 EPS. The company's revenue was down 7.4% compared to the same quarter last year. Sell-side analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 17th will be given a $1.02 dividend. The ex-dividend date of this dividend is Friday, October 17th. This represents a $4.08 dividend on an annualized basis and a yield of 3.5%. This is an increase from EOG Resources's previous quarterly dividend of $0.98. EOG Resources's dividend payout ratio is 36.18%.

Analyst Upgrades and Downgrades

EOG has been the subject of several research analyst reports. UBS Group reiterated a "buy" rating and issued a $140.00 price objective (up from $135.00) on shares of EOG Resources in a report on Tuesday, June 3rd. Morgan Stanley set a $135.00 price target on EOG Resources and gave the company an "equal weight" rating in a research note on Monday, June 2nd. Piper Sandler cut their price target on EOG Resources from $138.00 to $136.00 and set a "neutral" rating for the company in a research note on Thursday, July 17th. Scotiabank upgraded EOG Resources from a "sector perform" rating to a "sector outperform" rating and cut their price target for the company from $150.00 to $130.00 in a research note on Friday, April 11th. Finally, KeyCorp cut their price target on EOG Resources from $150.00 to $140.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. Twelve investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, EOG Resources currently has an average rating of "Moderate Buy" and an average target price of $140.62.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 3,951 shares of the stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $119.65, for a total value of $472,737.15. Following the sale, the chief operating officer owned 45,739 shares of the company's stock, valued at $5,472,671.35. This trade represents a 7.95% decrease in their position. 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 owned by corporate insiders.

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.