National Bank of Canada FI Grows Holdings in EOG Resources, Inc. (NYSE:EOG)

National Bank of Canada FI increased its stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 110.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 280,356 shares of the energy exploration company's stock after buying an additional 147,131 shares during the period. National Bank of Canada FI's holdings in EOG Resources were worth $34,091,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. McIlrath & Eck LLC boosted its position in shares of EOG Resources by 77.6% in the third quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company's stock valued at $30,000 after acquiring an additional 104 shares during the period. Exchange Traded Concepts LLC boosted its position in shares of EOG Resources by 530.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company's stock valued at $30,000 after acquiring an additional 212 shares during the period. Peoples Bank KS bought a new position in shares of EOG Resources in the third quarter valued at approximately $31,000. Hall Laurie J Trustee bought a new position in shares of EOG Resources in the fourth quarter valued at approximately $36,000. Finally, Keener Financial Planning LLC bought a new position in shares of EOG Resources in the fourth quarter valued at approximately $36,000. Institutional investors own 89.91% of the company's stock.

EOG Resources Trading Up 0.4 %

Shares of NYSE EOG traded up $0.46 during mid-day trading on Monday, hitting $130.48. The stock had a trading volume of 3,652,116 shares, compared to its average volume of 3,393,854. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.05 and a current ratio of 2.32. EOG Resources, Inc. has a 1 year low of $106.32 and a 1 year high of $139.67. The business has a 50 day moving average price of $127.84 and a two-hundred day moving average price of $122.35. The firm has a market cap of $74.99 billion, a P/E ratio of 10.31 and a beta of 1.38.

EOG Resources (NYSE:EOG - Get Free Report) last issued its earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 EPS for the quarter, topping the consensus estimate of $2.70 by $0.12. EOG Resources had a net margin of 30.33% and a return on equity of 24.83%. The company had revenue of $6.12 billion for the quarter, compared to the consensus estimate of $5.91 billion. During the same period in the previous year, the firm earned $2.69 earnings per share. The firm's revenue for the quarter was up 1.3% on a year-over-year basis. On average, equities analysts anticipate that EOG Resources, Inc. will post 12.14 EPS for the current fiscal year.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 2.79%. The ex-dividend date of this dividend is Wednesday, July 17th. EOG Resources's payout ratio is 28.75%.

Wall Street Analysts Forecast Growth

EOG has been the subject of a number of analyst reports. Scotiabank lowered shares of EOG Resources from a "sector outperform" rating to a "sector perform" rating and raised their price objective for the company from $135.00 to $155.00 in a research report on Thursday, April 11th. KeyCorp raised their price objective on shares of EOG Resources from $147.00 to $157.00 and gave the company an "overweight" rating in a research report on Monday, April 22nd. TD Cowen raised their price objective on shares of EOG Resources from $130.00 to $144.00 and gave the company a "hold" rating in a research report on Tuesday, April 30th. Stifel Nicolaus dropped their target price on shares of EOG Resources from $153.00 to $150.00 and set a "buy" rating for the company in a research report on Tuesday, April 23rd. Finally, TD Securities dropped their target price on shares of EOG Resources from $135.00 to $130.00 and set a "hold" rating for the company in a research report on Friday, February 23rd. Thirteen analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $142.27.

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.