Natixis Advisors L.P. Has $39.22 Million Holdings in EOG Resources, Inc. (NYSE:EOG)

Natixis Advisors L.P. lifted its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 14.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 324,261 shares of the energy exploration company's stock after buying an additional 41,469 shares during the period. Natixis Advisors L.P. owned about 0.06% of EOG Resources worth $39,218,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of EOG. Charles Schwab Investment Management Inc. boosted its position in shares of EOG Resources by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 12,937,070 shares of the energy exploration company's stock worth $1,639,903,000 after purchasing an additional 145,691 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in EOG Resources by 8.4% during the third quarter. Ameriprise Financial Inc. now owns 11,532,527 shares of the energy exploration company's stock worth $1,462,966,000 after buying an additional 892,951 shares in the last quarter. Morgan Stanley grew its position in EOG Resources by 1.5% during the third quarter. Morgan Stanley now owns 7,789,774 shares of the energy exploration company's stock worth $987,432,000 after buying an additional 116,860 shares during the period. Northern Trust Corp increased its holdings in EOG Resources by 3.1% in the third quarter. Northern Trust Corp now owns 6,260,706 shares of the energy exploration company's stock valued at $793,607,000 after buying an additional 185,882 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in EOG Resources by 15.2% in the third quarter. Invesco Ltd. now owns 3,495,485 shares of the energy exploration company's stock valued at $443,088,000 after buying an additional 460,872 shares in the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on EOG shares. StockNews.com upgraded EOG Resources from a "hold" rating to a "buy" rating in a report on Wednesday. Piper Sandler upped their target price on EOG Resources from $141.00 to $153.00 and gave the company an "overweight" rating in a report on Friday, April 19th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $145.00 price target on shares of EOG Resources in a research note on Tuesday, April 9th. TD Cowen increased their price objective on shares of EOG Resources from $130.00 to $144.00 and gave the company a "hold" rating in a research note on Tuesday. Finally, KeyCorp lifted their target price on shares of EOG Resources from $147.00 to $157.00 and gave the stock an "overweight" rating in a research report on Monday, April 22nd. Thirteen analysts have rated the stock with a hold rating, nine have issued 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 "Hold" and a consensus target price of $142.27.

EOG Resources Trading Down 1.4 %

EOG Resources stock traded down $1.78 during trading on Friday, reaching $130.02. The company had a trading volume of 5,660,840 shares, compared to its average volume of 2,953,117. EOG Resources, Inc. has a 12-month low of $106.32 and a 12-month high of $139.67. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.13 and a current ratio of 2.44. The stock's 50 day moving average price is $127.48 and its two-hundred day moving average price is $122.57. The firm has a market capitalization of $74.79 billion, a price-to-earnings ratio of 10.27 and a beta of 1.38.

EOG Resources (NYSE:EOG - Get Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.70 by $0.12. The company had revenue of $6.12 billion during the quarter, compared to analysts' expectations of $5.91 billion. EOG Resources had a net margin of 30.33% and a return on equity of 25.11%. The business's quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the company earned $2.69 EPS. As a group, equities analysts expect that EOG Resources, Inc. will post 12.14 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be paid a dividend of $0.91 per share. The ex-dividend date of this dividend is Wednesday, July 17th. This represents a $3.64 annualized dividend and a yield of 2.80%. EOG Resources's dividend payout ratio is presently 28.75%.

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.