EOG Resources, Inc. $EOG Shares Bought by Franklin Resources Inc.

Franklin Resources Inc. grew its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 11.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,186,343 shares of the energy exploration company’s stock after buying an additional 548,334 shares during the period. Franklin Resources Inc. owned 0.95% of EOG Resources worth $581,493,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sivia Capital Partners LLC acquired a new stake in EOG Resources in the 2nd quarter valued at approximately $258,000. Vestmark Advisory Solutions Inc. raised its stake in EOG Resources by 54.3% during the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 3,096 shares of the energy exploration company’s stock valued at $370,000 after acquiring an additional 1,089 shares in the last quarter. Penserra Capital Management LLC boosted its position in EOG Resources by 45.0% during the 2nd quarter. Penserra Capital Management LLC now owns 3,713 shares of the energy exploration company’s stock worth $443,000 after acquiring an additional 1,152 shares during the period. Campbell & CO Investment Adviser LLC boosted its position in EOG Resources by 42.2% during the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 6,557 shares of the energy exploration company’s stock worth $784,000 after acquiring an additional 1,945 shares during the period. Finally, Midwest Trust Co bought a new position in shares of EOG Resources in the second quarter worth $275,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 2,000 shares of the firm’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $125.00, for a total transaction of $250,000.00. Following the completion of the transaction, the chief operating officer owned 61,481 shares in the company, valued at approximately $7,685,125. This trade represents a 3.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In the last three months, insiders have sold 7,774 shares of company stock worth $945,895. Company insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Sanford C. Bernstein reissued a “market perform” rating and set a $126.00 price target (down from $144.00) on shares of EOG Resources in a report on Monday, January 5th. Stephens increased their target price on shares of EOG Resources from $138.00 to $139.00 and gave the company an “equal weight” rating in a research report on Thursday, February 12th. Citigroup reissued a “neutral” rating and set a $115.00 target price (down from $125.00) on shares of EOG Resources in a research note on Wednesday, December 17th. Capital One Financial dropped their price target on shares of EOG Resources from $131.00 to $130.00 and set an “overweight” rating on the stock in a research report on Thursday, January 8th. Finally, Raymond James Financial upped their price target on shares of EOG Resources from $153.00 to $157.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seventeen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, EOG Resources currently has a consensus rating of “Hold” and an average price target of $135.77.

EOG Resources Stock Up 3.7%

EOG opened at $132.57 on Thursday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.42 and a current ratio of 1.63. The company has a market capitalization of $71.12 billion, a PE ratio of 14.55 and a beta of 0.44. The stock’s fifty day moving average is $115.32 and its 200-day moving average is $112.36. EOG Resources, Inc. has a one year low of $101.59 and a one year high of $134.36.

EOG Resources (NYSE:EOG) last announced its earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.07. The business had revenue of $5.64 billion during the quarter, compared to analysts’ expectations of $5.36 billion. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.The company’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter last year, the business posted $2.74 earnings per share. On average, equities analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Thursday, April 16th. EOG Resources’s dividend payout ratio is presently 44.79%.

EOG Resources Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.