Flputnam Investment Management Co. bought a new stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,124 shares of the energy exploration company's stock, valued at approximately $1,184,000.
Other large investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp acquired a new position in EOG Resources in the second quarter valued at approximately $654,899,000. Arrowstreet Capital Limited Partnership grew its position in shares of EOG Resources by 898.6% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,420,839 shares of the energy exploration company's stock worth $205,411,000 after buying an additional 1,278,555 shares during the period. Franklin Resources Inc. grew its position in shares of EOG Resources by 24.2% during the 4th quarter. Franklin Resources Inc. now owns 6,443,453 shares of the energy exploration company's stock worth $676,627,000 after buying an additional 1,257,110 shares during the period. First Trust Advisors LP increased its stake in shares of EOG Resources by 70.5% in the 4th quarter. First Trust Advisors LP now owns 2,977,912 shares of the energy exploration company's stock valued at $312,711,000 after acquiring an additional 1,231,366 shares in the last quarter. Finally, Marshall Wace LLP increased its stake in shares of EOG Resources by 474.7% in the 4th quarter. Marshall Wace LLP now owns 1,318,254 shares of the energy exploration company's stock valued at $138,430,000 after acquiring an additional 1,088,867 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company's stock.
EOG Resources Price Performance
Shares of EOG opened at $145.95 on Tuesday. The business's fifty day moving average is $137.69 and its 200 day moving average is $134.06. EOG Resources, Inc. has a 12-month low of $101.59 and a 12-month high of $151.87. The company has a quick ratio of 1.68, a current ratio of 1.85 and a debt-to-equity ratio of 0.25. The stock has a market cap of $76.56 billion, a P/E ratio of 11.36 and a beta of 0.25.
EOG Resources (NYSE:EOG - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 EPS for the quarter, beating analysts' consensus estimates of $4.97 by $0.10. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The business had revenue of $8.62 billion during the quarter, compared to analyst estimates of $8.04 billion. During the same quarter in the previous year, the business posted $2.32 EPS. EOG Resources's quarterly revenue was up 57.4% on a year-over-year basis. Sell-side analysts anticipate that EOG Resources, Inc. will post 16.43 earnings per share for the current fiscal year.
EOG Resources Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 16th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Friday, October 16th. EOG Resources's dividend payout ratio (DPR) is currently 31.75%.
Analysts Set New Price Targets
Several research analysts recently issued reports on the stock. Sanford C. Bernstein cut their target price on shares of EOG Resources from $167.00 to $155.00 and set a "market perform" rating on the stock in a research note on Wednesday, May 20th. Truist Financial lifted their price target on shares of EOG Resources from $134.00 to $153.00 and gave the company a "hold" rating in a research note on Thursday, August 6th. JPMorgan Chase & Co. dropped their price objective on shares of EOG Resources from $148.00 to $142.00 and set a "neutral" rating on the stock in a report on Tuesday, June 30th. Weiss Ratings reissued a "buy (b-)" rating on shares of EOG Resources in a research report on Friday, August 7th. Finally, Freedom Capital downgraded EOG Resources from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seventeen have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $156.00.
Check Out Our Latest Analysis on EOG
EOG Resources Profile
(
Free Report)
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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