Prudential PLC Has $5.22 Million Stock Position in EOG Resources, Inc. (NYSE:EOG)

Key Points

• Prudential PLC increased its stake in EOG Resources by 35.4% in the first quarter, owning a total of 40,691 shares valued at approximately $5.2 million.
• EOG Resources recently declared a quarterly dividend of $1.02, up from $0.98, representing a 3.4% yield based on a payout ratio of 37.90%.
• The company reported an earnings per share (EPS) of $2.32, exceeding estimates, with revenue of $5.48 billion for the last quarter, although it reflected a 9.1% decline year-over-year.

Prudential PLC boosted its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 35.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 40,691 shares of the energy exploration company's stock after acquiring an additional 10,645 shares during the quarter. Prudential PLC's holdings in EOG Resources were worth $5,218,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of EOG. Nuveen LLC acquired a new stake in EOG Resources in the first quarter valued at $451,908,000. Capital World Investors boosted its stake in EOG Resources by 5.2% in the 4th quarter. Capital World Investors now owns 45,919,327 shares of the energy exploration company's stock worth $5,628,497,000 after buying an additional 2,270,013 shares during the last quarter. GAMMA Investing LLC boosted its stake in EOG Resources by 14,784.1% in the 1st quarter. GAMMA Investing LLC now owns 1,281,374 shares of the energy exploration company's stock worth $164,323,000 after buying an additional 1,272,765 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of EOG Resources by 6.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 19,380,866 shares of the energy exploration company's stock worth $2,485,402,000 after purchasing an additional 1,188,552 shares during the period. Finally, Deutsche Bank AG raised its holdings in shares of EOG Resources by 58.6% in the 4th quarter. Deutsche Bank AG now owns 2,081,409 shares of the energy exploration company's stock worth $255,139,000 after purchasing an additional 769,362 shares during the period. Institutional investors and hedge funds own 89.91% of the company's stock.

Insider Activity

In related news, COO Jeffrey R. Leitzell sold 3,951 shares of the business's stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $119.65, for a total transaction of $472,737.15. Following the completion of the transaction, the chief operating officer owned 45,739 shares of the company's stock, valued at approximately $5,472,671.35. The trade was a 7.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.13% of the company's stock.

EOG Resources Trading Down 0.6%

Shares of EOG Resources stock traded down $0.73 on Friday, reaching $119.06. 2,944,305 shares of the company were exchanged, compared to its average volume of 3,001,705. The firm has a market capitalization of $65.01 billion, a price-to-earnings ratio of 11.57, a price-to-earnings-growth ratio of 9.21 and a beta of 0.80. EOG Resources, Inc. has a fifty-two week low of $102.52 and a fifty-two week high of $138.18. The company has a current ratio of 1.79, a quick ratio of 1.61 and a debt-to-equity ratio of 0.12. The stock has a fifty day moving average price of $120.29 and a 200-day moving average price of $119.48.

EOG Resources (NYSE:EOG - Get Free Report) last issued its earnings results on Thursday, August 7th. The energy exploration company reported $2.32 EPS for the quarter, beating analysts' consensus estimates of $2.14 by $0.18. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%. The firm had revenue of $5.48 billion for the quarter, compared to the consensus estimate of $5.45 billion. During the same quarter in the previous year, the company posted $3.16 earnings per share. The business's quarterly revenue was down 9.1% compared to the same quarter last year. On average, analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 17th will be paid a dividend of $1.02 per share. This is a boost from EOG Resources's previous quarterly dividend of $0.98. The ex-dividend date is Friday, October 17th. This represents a $4.08 annualized dividend and a dividend yield of 3.4%. EOG Resources's dividend payout ratio is currently 39.65%.

Analyst Ratings Changes

EOG has been the topic of several analyst reports. KeyCorp dropped their target price on EOG Resources from $150.00 to $140.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. Jefferies Financial Group restated a "buy" rating and set a $148.00 price objective (up from $144.00) on shares of EOG Resources in a report on Friday, June 13th. Bank of America decreased their target price on EOG Resources from $125.00 to $124.00 and set a "neutral" rating for the company in a research report on Friday, May 23rd. Roth Capital lowered EOG Resources from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $140.00 to $134.00 in a research report on Wednesday, July 9th. Finally, Mizuho reduced their price objective on EOG Resources from $140.00 to $134.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Twelve analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $140.71.

About EOG Resources

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.