EOG Resources, Inc. (NYSE:EOG) Stock Holdings Lowered by KBC Group NV

KBC Group NV cut its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 3.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 110,824 shares of the energy exploration company's stock after selling 3,412 shares during the period. KBC Group NV's holdings in EOG Resources were worth $14,212,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EOG. Wealthfront Advisers LLC increased its holdings in EOG Resources by 4,642.2% in the fourth quarter. Wealthfront Advisers LLC now owns 2,852,238 shares of the energy exploration company's stock valued at $349,627,000 after buying an additional 2,792,092 shares in the last quarter. Capital World Investors increased its holdings in EOG Resources by 5.2% in 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 buying an additional 2,270,013 shares in the last quarter. Raymond James Financial Inc. purchased a new position in EOG Resources in the fourth quarter valued at $171,193,000. GAMMA Investing LLC increased its holdings in EOG Resources by 14,784.1% in the first quarter. GAMMA Investing LLC now owns 1,281,374 shares of the energy exploration company's stock valued at $164,323,000 after buying an additional 1,272,765 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in EOG Resources by 4.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 18,192,314 shares of the energy exploration company's stock valued at $2,230,014,000 after buying an additional 781,282 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Susquehanna cut their price objective on shares of EOG Resources from $161.00 to $156.00 and set a "positive" rating for the company in a report on Tuesday, April 22nd. Bank of America cut their price objective on shares of EOG Resources from $125.00 to $124.00 and set a "neutral" rating for the company in a report on Friday, May 23rd. Williams Trading set a $154.00 target price on shares of EOG Resources in a research note on Wednesday, March 5th. Citigroup cut their target price on shares of EOG Resources from $134.00 to $125.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. Finally, Mizuho cut their target price on shares of EOG Resources from $140.00 to $134.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Twelve analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $139.48.

EOG Resources Stock Up 1.3%

EOG traded up $1.50 during trading on Tuesday, hitting $121.11. The company had a trading volume of 3,680,303 shares, compared to its average volume of 3,397,618. The company has a market cap of $66.10 billion, a PE ratio of 11.23, a P/E/G ratio of 9.71 and a beta of 0.74. The business has a 50-day moving average of $114.91 and a 200-day moving average of $121.23. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.87 and a quick ratio of 1.71. 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 posted its quarterly earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.75 by $0.12. The firm had revenue of $5.84 billion for the quarter, compared to analysts' expectations of $5.92 billion. EOG Resources had a net margin of 26.14% and a return on equity of 22.35%. The firm's quarterly revenue was down 7.4% on a year-over-year basis. During the same period in the prior year, the company posted $2.82 earnings per share. As a group, analysts forecast 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. Investors of record on Friday, October 17th will be issued a $1.02 dividend. The ex-dividend date is Friday, October 17th. This is a boost from EOG Resources's previous quarterly dividend of $0.98. This represents a $4.08 annualized dividend and a yield of 3.37%. EOG Resources's dividend payout ratio is currently 36.18%.

EOG Resources 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.