EOG Resources, Inc. $EOG Shares Acquired by Osaic Holdings Inc.

Osaic Holdings Inc. lifted its position in EOG Resources, Inc. (NYSE:EOG) by 68.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 180,336 shares of the energy exploration company’s stock after acquiring an additional 73,320 shares during the period. Osaic Holdings Inc.’s holdings in EOG Resources were worth $22,063,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EOG. Kiker Wealth Management LLC purchased a new position in shares of EOG Resources during the second quarter worth $627,000. Railway Pension Investments Ltd grew its position in EOG Resources by 6.9% during the 2nd quarter. Railway Pension Investments Ltd now owns 449,100 shares of the energy exploration company’s stock worth $53,717,000 after purchasing an additional 28,800 shares during the period. Vanguard Personalized Indexing Management LLC raised its stake in shares of EOG Resources by 9.1% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 61,742 shares of the energy exploration company’s stock valued at $7,386,000 after buying an additional 5,156 shares during the last quarter. Canada Pension Plan Investment Board lifted its holdings in shares of EOG Resources by 30.1% in the 1st quarter. Canada Pension Plan Investment Board now owns 195,782 shares of the energy exploration company’s stock valued at $25,107,000 after buying an additional 45,295 shares during the period. Finally, River Road Asset Management LLC lifted its holdings in shares of EOG Resources by 15.2% in the 2nd quarter. River Road Asset Management LLC now owns 75,878 shares of the energy exploration company’s stock valued at $9,107,000 after buying an additional 9,999 shares during the period. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Up 2.9%

EOG opened at $104.77 on Thursday. The company has a market cap of $56.85 billion, a PE ratio of 10.44, a price-to-earnings-growth ratio of 7.70 and a beta of 0.49. EOG Resources, Inc. has a twelve month low of $101.69 and a twelve month high of $138.18. The company has a 50-day moving average price of $107.62 and a 200 day moving average price of $114.90. The company has a quick ratio of 1.43, a current ratio of 1.62 and a debt-to-equity ratio of 0.25.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.29. EOG Resources had a return on equity of 19.80% and a net margin of 24.49%.The company had revenue of $5.85 billion for the quarter, compared to analysts’ expectations of $5.48 billion. During the same period in the previous year, the firm posted $2.89 EPS. EOG Resources’s revenue was down 2.0% compared to the same quarter last year. Sell-side analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 16th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Friday, January 16th. EOG Resources’s dividend payout ratio is currently 40.64%.

Analyst Upgrades and Downgrades

Several analysts recently commented on EOG shares. BMO Capital Markets dropped their target price on EOG Resources from $130.00 to $126.00 and set an “outperform” rating on the stock in a report on Monday. Royal Bank Of Canada raised their price objective on shares of EOG Resources from $140.00 to $145.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 7th. Sanford C. Bernstein cut their target price on shares of EOG Resources from $146.00 to $144.00 and set a “market perform” rating for the company in a report on Friday, November 21st. Roth Capital reiterated a “neutral” rating on shares of EOG Resources in a research note on Monday. Finally, KeyCorp lowered their price target on shares of EOG Resources from $140.00 to $138.00 and set an “overweight” rating on the stock in a report on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seventeen have issued a Hold rating to the company. Based on data from MarketBeat, EOG Resources presently has a consensus rating of “Hold” and a consensus target price of $138.93.

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.