Longfellow Investment Management Co. LLC Buys Shares of 7,457 EOG Resources, Inc. $EOG

Longfellow Investment Management Co. LLC bought a new position in EOG Resources, Inc. (NYSE:EOG - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,457 shares of the energy exploration company's stock, valued at approximately $967,000.

A number of other large investors have also made changes to their positions in the company. Bank of New York Mellon Corp purchased a new position in shares of EOG Resources in the second quarter worth approximately $654,899,000. Arrowstreet Capital Limited Partnership grew its position in EOG Resources by 898.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,420,839 shares of the energy exploration company's stock valued at $205,411,000 after buying an additional 1,278,555 shares during the period. Franklin Resources Inc. increased its holdings in EOG Resources by 24.2% during the fourth quarter. Franklin Resources Inc. now owns 6,443,453 shares of the energy exploration company's stock valued at $676,627,000 after buying an additional 1,257,110 shares during the last quarter. First Trust Advisors LP increased its holdings in EOG Resources by 70.5% during the fourth quarter. First Trust Advisors LP now owns 2,977,912 shares of the energy exploration company's stock valued at $312,711,000 after buying an additional 1,231,366 shares during the last quarter. Finally, Marshall Wace LLP raised its position in EOG Resources by 474.7% in the fourth quarter. Marshall Wace LLP now owns 1,318,254 shares of the energy exploration company's stock worth $138,430,000 after acquiring an additional 1,088,867 shares during the period. 89.91% of the stock is currently owned by institutional investors.

EOG Resources Trading Down 0.0%

Shares of EOG stock opened at $142.55 on Monday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.68 and a current ratio of 1.85. The stock has a fifty day simple moving average of $137.57 and a two-hundred day simple moving average of $133.80. The firm has a market capitalization of $74.77 billion, a PE ratio of 11.09 and a beta of 0.25. EOG Resources, Inc. has a 52-week low of $101.59 and a 52-week high of $151.87.

EOG Resources (NYSE:EOG - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The energy exploration company reported $5.07 EPS for the quarter, beating the consensus estimate of $4.97 by $0.10. The business had revenue of $8.62 billion for the quarter, compared to the consensus estimate of $8.04 billion. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%.The business's revenue was up 57.4% on a year-over-year basis. During the same period in the previous year, the business earned $2.32 earnings per share. On average, analysts predict that EOG Resources, Inc. will post 16.43 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 16th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Friday, October 16th. EOG Resources's dividend payout ratio (DPR) is 31.75%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Roth Capital reiterated a "neutral" rating and set a $138.00 price target on shares of EOG Resources in a research note on Wednesday, August 5th. Susquehanna reaffirmed a "positive" rating and issued a $170.00 target price (up from $166.00) on shares of EOG Resources in a report on Tuesday, July 21st. Wells Fargo & Company reiterated an "overweight" rating and set a $193.00 target price (down from $196.00) on shares of EOG Resources in a research report on Thursday. Morgan Stanley cut their price target on EOG Resources from $160.00 to $156.00 and set an "equal weight" rating for the company in a report on Friday, June 26th. Finally, Raymond James Financial restated a "strong-buy" rating and issued a $183.00 price target on shares of EOG Resources in a research report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seventeen have issued a Hold rating to the company's stock. According to data from MarketBeat.com, EOG Resources presently has a consensus rating of "Hold" and a consensus target price of $156.21.

About EOG Resources

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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