Yacktman Asset Management LP Has $170.03 Million Stake in EOG Resources, Inc. (NYSE:EOG)

Yacktman Asset Management LP reduced its stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 26.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,325,841 shares of the energy exploration company's stock after selling 481,224 shares during the quarter. EOG Resources accounts for approximately 2.2% of Yacktman Asset Management LP's holdings, making the stock its 17th largest holding. Yacktman Asset Management LP owned about 0.24% of EOG Resources worth $170,026,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. DekaBank Deutsche Girozentrale raised its holdings in shares of EOG Resources by 8.9% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 1,279,954 shares of the energy exploration company's stock valued at $161,800,000 after buying an additional 104,906 shares during the period. Stratos Wealth Partners LTD. grew its stake in EOG Resources by 4.2% during the 1st quarter. Stratos Wealth Partners LTD. now owns 27,597 shares of the energy exploration company's stock valued at $3,539,000 after purchasing an additional 1,115 shares in the last quarter. Values First Advisors Inc. grew its stake in EOG Resources by 1.3% during the 1st quarter. Values First Advisors Inc. now owns 13,397 shares of the energy exploration company's stock valued at $1,715,000 after purchasing an additional 171 shares in the last quarter. ARGA Investment Management LP grew its stake in EOG Resources by 24.2% during the 1st quarter. ARGA Investment Management LP now owns 13,441 shares of the energy exploration company's stock valued at $1,724,000 after purchasing an additional 2,616 shares in the last quarter. Finally, Davidson Investment Advisors grew its stake in EOG Resources by 2.8% during the 1st quarter. Davidson Investment Advisors now owns 170,183 shares of the energy exploration company's stock valued at $21,824,000 after purchasing an additional 4,688 shares in the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

EOG Resources Price Performance

NYSE EOG traded up $1.35 on Friday, hitting $123.08. 2,215,902 shares of the company's stock were exchanged, compared to its average volume of 3,416,102. The stock has a 50-day moving average of $116.79 and a 200-day moving average of $121.34. The company has a current ratio of 1.87, a quick ratio of 1.71 and a debt-to-equity ratio of 0.12. EOG Resources, Inc. has a 52 week low of $102.52 and a 52 week high of $138.18. The stock has a market cap of $67.17 billion, a price-to-earnings ratio of 11.42, a P/E/G ratio of 9.93 and a beta of 0.76.

EOG Resources (NYSE:EOG - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.75 by $0.12. The company had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.92 billion. EOG Resources had a net margin of 26.14% and a return on equity of 22.35%. The company's revenue for the quarter was down 7.4% compared to the same quarter last year. During the same period in the prior year, the business earned $2.82 earnings per share. 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 disclosed 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. This represents a $4.08 dividend on an annualized basis and a yield of 3.31%. This is an increase from EOG Resources's previous quarterly dividend of $0.98. The ex-dividend date is Friday, October 17th. EOG Resources's dividend payout ratio is presently 36.18%.

Wall Street Analysts Forecast Growth

EOG has been the subject of several research reports. Scotiabank upgraded EOG Resources from a "sector perform" rating to a "sector outperform" rating and decreased their target price for the stock from $150.00 to $130.00 in a research report on Friday, April 11th. Susquehanna decreased their target price on EOG Resources from $161.00 to $156.00 and set a "positive" rating for the company in a research report on Tuesday, April 22nd. Stephens initiated coverage on EOG Resources in a research report on Tuesday, June 17th. They issued an "equal weight" rating and a $137.00 target price for the company. Piper Sandler cut their price target on EOG Resources from $135.00 to $133.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Finally, Jefferies Financial Group reissued a "buy" rating and issued a $148.00 price target (up previously from $144.00) on shares of EOG Resources in a report on Friday, June 13th. Thirteen equities research 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. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $139.00.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 3,951 shares of EOG Resources 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 completion of the transaction, the chief operating officer directly owned 45,739 shares of the company's stock, valued at approximately $5,472,671.35. This trade represents a 7.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.13% of the company's stock.

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.