EOG Resources, Inc. (NYSE:EOG) Shares Purchased by Yacktman Asset Management LP

Yacktman Asset Management LP increased its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 4.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,789,433 shares of the energy exploration company's stock after purchasing an additional 82,302 shares during the quarter. EOG Resources makes up approximately 2.0% of Yacktman Asset Management LP's investment portfolio, making the stock its 19th largest position. Yacktman Asset Management LP owned about 0.31% of EOG Resources worth $216,432,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. McIlrath & Eck LLC grew its holdings in EOG Resources by 77.6% in the 3rd quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company's stock valued at $30,000 after buying an additional 104 shares in the last quarter. Exchange Traded Concepts LLC lifted its stake in shares of EOG Resources by 530.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company's stock valued at $30,000 after purchasing an additional 212 shares during the last quarter. Peoples Bank KS acquired a new position in shares of EOG Resources in the 3rd quarter valued at $31,000. Hall Laurie J Trustee acquired a new position in shares of EOG Resources in the 4th quarter valued at $36,000. Finally, Keener Financial Planning LLC acquired a new position in shares of EOG Resources in the 4th quarter valued at $36,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Scotiabank lowered EOG Resources from a "sector outperform" rating to a "sector perform" rating and upped their price target for the company from $135.00 to $155.00 in a research note on Thursday, April 11th. Bank of America lowered EOG Resources from a "buy" rating to a "neutral" rating and decreased their price target for the company from $147.00 to $140.00 in a research note on Friday, January 5th. Mizuho increased their target price on EOG Resources from $138.00 to $140.00 and gave the stock a "buy" rating in a research note on Monday, April 15th. Susquehanna increased their target price on EOG Resources from $147.00 to $155.00 and gave the stock a "positive" rating in a research note on Monday. Finally, KeyCorp increased their target price on EOG Resources from $147.00 to $157.00 and gave the stock an "overweight" rating in a research note on Monday. Twelve research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $142.19.

EOG Resources Stock Up 0.3 %

Shares of EOG traded up $0.35 during mid-day trading on Friday, reaching $135.71. The company's stock had a trading volume of 1,841,074 shares, compared to its average volume of 3,357,495. EOG Resources, Inc. has a 12-month low of $106.32 and a 12-month high of $139.67. The stock has a market cap of $78.06 billion, a PE ratio of 10.43 and a beta of 1.40. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.44 and a quick ratio of 2.13. The company's 50 day moving average is $125.70 and its 200 day moving average is $122.51.

EOG Resources (NYSE:EOG - Get Free Report) last released its quarterly earnings data on Friday, February 23rd. The energy exploration company reported $3.07 EPS for the quarter, missing analysts' consensus estimates of $3.14 by ($0.07). The business had revenue of $6.36 billion during the quarter, compared to analysts' expectations of $6.18 billion. EOG Resources had a net margin of 31.40% and a return on equity of 25.38%. The company's revenue was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.30 EPS. Equities analysts anticipate that EOG Resources, Inc. will post 12.29 EPS for the current fiscal year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be paid a dividend of $0.91 per share. The ex-dividend date of this dividend is Monday, April 15th. This represents a $3.64 dividend on an annualized basis and a yield of 2.68%. EOG Resources's dividend payout ratio is presently 27.98%.

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.