Bryn Mawr Trust Advisors LLC Invests $1.06 Million in EOG Resources, Inc. $EOG

Bryn Mawr Trust Advisors LLC purchased a new stake in shares of EOG Resources, Inc. (NYSE:EOG) in the 2nd quarter, Holdings Channel reports. The fund purchased 8,190 shares of the energy exploration company’s stock, valued at approximately $1,063,000.

A number of other large investors have also recently modified their holdings of EOG. Arrowstreet Capital Limited Partnership increased its holdings in EOG Resources by 898.6% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,420,839 shares of the energy exploration company’s stock worth $205,411,000 after purchasing an additional 1,278,555 shares during the period. Franklin Resources Inc. lifted its holdings in shares of EOG Resources by 24.2% in the 4th quarter. Franklin Resources Inc. now owns 6,443,453 shares of the energy exploration company’s stock worth $676,627,000 after buying an additional 1,257,110 shares during the period. First Trust Advisors LP grew its position in shares of EOG Resources by 70.5% during the 4th quarter. First Trust Advisors LP now owns 2,977,912 shares of the energy exploration company’s stock worth $312,711,000 after buying an additional 1,231,366 shares in the last quarter. Marshall Wace LLP grew its position in shares of EOG Resources by 474.7% during the 4th quarter. Marshall Wace LLP now owns 1,318,254 shares of the energy exploration company’s stock worth $138,430,000 after buying an additional 1,088,867 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of EOG Resources by 23.9% during the fourth quarter. Bank of New York Mellon Corp now owns 4,669,969 shares of the energy exploration company’s stock valued at $490,394,000 after buying an additional 901,897 shares during the period. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on EOG. DA Davidson lifted their price objective on EOG Resources from $148.00 to $153.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Weiss Ratings reiterated a “buy (b-)” rating on shares of EOG Resources in a report on Friday, August 7th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $175.00 price target (up from $170.00) on shares of EOG Resources in a research report on Thursday, July 2nd. Wells Fargo & Company restated an “overweight” rating and set a $193.00 price objective (down from $196.00) on shares of EOG Resources in a research note on Thursday. Finally, Citigroup reduced their price target on EOG Resources from $147.00 to $141.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seventeen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $156.21.

EOG Resources Stock Performance

Shares of NYSE EOG opened at $142.55 on Friday. The company has a market capitalization of $74.77 billion, a PE ratio of 11.09 and a beta of 0.25. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.68 and a current ratio of 1.85. The company’s fifty day moving average price is $137.57 and its 200 day moving average price is $133.62. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year high of $151.87.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share for the quarter, beating analysts’ consensus estimates of $4.97 by $0.10. The company had revenue of $8.62 billion during the quarter, compared to analysts’ expectations of $8.04 billion. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The firm’s revenue for the quarter was up 57.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.32 earnings per share. On average, research analysts predict that EOG Resources, Inc. will post 16.4 earnings per share for the current year.

EOG Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 16th will be given a dividend of $1.02 per share. The ex-dividend date is Friday, October 16th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.9%. EOG Resources’s dividend payout ratio (DPR) is 31.75%.

EOG Resources Company 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.