New England Asset Management Inc. maintained its position in EOG Resources, Inc. (NYSE:EOG) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 22,600 shares of the energy exploration company’s stock at the end of the first quarter. New England Asset Management Inc.’s holdings in EOG Resources were worth $2,204,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. raised its position in EOG Resources by 2,098.0% in the first quarter. BlackRock Inc. now owns 35,740,352 shares of the energy exploration company’s stock valued at $3,486,473,000 after buying an additional 34,114,299 shares during the last quarter. Jennison Associates LLC raised its position in EOG Resources by 35.3% in the first quarter. Jennison Associates LLC now owns 6,971,347 shares of the energy exploration company’s stock valued at $680,055,000 after buying an additional 1,816,980 shares during the last quarter. Morgan Stanley raised its position in EOG Resources by 18.3% in the first quarter. Morgan Stanley now owns 3,976,148 shares of the energy exploration company’s stock valued at $387,872,000 after buying an additional 614,945 shares during the last quarter. Atalanta Sosnoff Capital LLC raised its position in EOG Resources by 17,593.3% in the first quarter. Atalanta Sosnoff Capital LLC now owns 590,955 shares of the energy exploration company’s stock valued at $57,647,000 after buying an additional 587,615 shares during the last quarter. Finally, American Century Companies Inc. raised its position in EOG Resources by 14.9% in the first quarter. American Century Companies Inc. now owns 4,434,418 shares of the energy exploration company’s stock valued at $432,577,000 after buying an additional 576,162 shares during the last quarter. Hedge funds and other institutional investors own 84.86% of the company’s stock.

Shares of EOG Resources, Inc. (EOG) opened at 92.91 on Friday. EOG Resources, Inc. has a 1-year low of $78.04 and a 1-year high of $109.37. The firm has a 50-day moving average price of $89.73 and a 200-day moving average price of $95.44. The company’s market capitalization is $53.63 billion.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Monday, May 8th. The energy exploration company reported $0.15 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.15. EOG Resources had a negative return on equity of 2.69% and a negative net margin of 6.70%. The firm had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.19 billion. During the same period in the prior year, the business posted ($0.83) earnings per share. The business’s revenue was up 92.8% compared to the same quarter last year. Equities analysts anticipate that EOG Resources, Inc. will post $0.80 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Monday, July 17th will be given a $0.1675 dividend. This represents a $0.67 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date is Thursday, July 13th. EOG Resources’s dividend payout ratio (DPR) is -62.04%.

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Several brokerages have issued reports on EOG. Raymond James Financial, Inc. raised shares of EOG Resources from a “market perform” rating to an “outperform” rating and set a $110.00 price objective for the company in a research report on Wednesday, May 10th. Wells Fargo & Company raised shares of EOG Resources from a “market perform” rating to an “outperform” rating and set a $110.00 price objective for the company in a research report on Wednesday, May 10th. Barclays PLC increased their price objective on shares of EOG Resources from $111.00 to $113.00 and gave the company an “overweight” rating in a research report on Wednesday, May 10th. William Blair reaffirmed an “outperform” rating and issued a $115.00 price objective (down previously from $125.00) on shares of EOG Resources in a research report on Thursday, May 11th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $111.00 price objective on shares of EOG Resources in a research report on Friday, May 26th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-three have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $108.59.

About EOG Resources

EOG Resources, Inc explores for, develops, produces and markets crude oil and natural gas in major producing basins in the United States, The Republic of Trinidad and Tobago, the United Kingdom, The People’s Republic of China, Canada and, from time to time, select other international areas. Its operations are all crude oil and natural gas exploration and production related.

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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