Barings LLC bought a new position in EOG Resources, Inc. (NYSE:EOG) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 195,158 shares of the energy exploration company’s stock, valued at approximately $19,038,000. EOG Resources comprises about 0.5% of Barings LLC’s portfolio, making the stock its 29th largest position.

Other institutional investors have also recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of 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 boosted its stake in shares of 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 boosted its stake in shares of 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 boosted its stake in shares of 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. boosted its stake in shares of 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. 84.91% of the stock is owned by institutional investors and hedge funds.

Shares of EOG Resources, Inc. (NYSE EOG) opened at 94.87 on Wednesday. EOG Resources, Inc. has a 12 month low of $78.04 and a 12 month high of $109.37. The company’s 50 day moving average price is $89.91 and its 200-day moving average price is $95.22. The stock’s market capitalization is $54.77 billion.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Monday, May 8th. The energy exploration company reported $0.15 EPS for the quarter, hitting 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 previous year, the firm posted ($0.83) EPS. The business’s revenue for the quarter was up 92.8% compared to the same quarter last year. Equities analysts predict that EOG Resources, Inc. will post $0.70 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Monday, July 17th will be given a $0.1675 dividend. The ex-dividend date is Thursday, July 13th. This represents a $0.67 dividend on an annualized basis and a dividend yield of 0.71%. EOG Resources’s dividend payout ratio is currently -62.04%.

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Several brokerages have recently weighed in on EOG. Royal Bank Of Canada reissued a “hold” rating and issued a $110.00 price target on shares of EOG Resources in a research note on Friday, April 7th. Iberia Capital increased their price target on EOG Resources from $109.00 to $119.00 and gave the company an “outperform” rating in a research note on Monday, April 3rd. UBS AG raised EOG Resources from a “neutral” rating to a “buy” rating and increased their price target for the company from $106.00 to $109.00 in a research note on Thursday, March 30th. William Blair reissued an “outperform” rating and issued a $115.00 price target (down previously from $125.00) on shares of EOG Resources in a research note on Thursday, May 11th. Finally, Bank of America Corporation reissued a “neutral” rating and issued a $115.00 price target (down previously from $125.00) on shares of EOG Resources in a research note on Thursday, May 11th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-three have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $109.27.

EOG Resources Company Profile

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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