Vanguard Group Inc. Boosts Stake in EOG Resources, Inc. (NYSE:EOG)

Vanguard Group Inc. increased its stake in EOG Resources, Inc. (NYSE:EOG) by 0.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 54,275,932 shares of the energy exploration company’s stock after acquiring an additional 146,674 shares during the period. Vanguard Group Inc. owned about 9.44% of EOG Resources worth $6,938,635,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Exchange Traded Concepts LLC grew its holdings in shares of EOG Resources by 530.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock worth $30,000 after acquiring an additional 212 shares during the period. Sachetta LLC bought a new stake in EOG Resources during the fourth quarter valued at about $33,000. Keener Financial Planning LLC bought a new stake in EOG Resources during the fourth quarter valued at about $36,000. Norwood Financial Corp purchased a new position in shares of EOG Resources during the first quarter valued at about $37,000. Finally, LifeSteps Financial Inc. purchased a new position in shares of EOG Resources during the first quarter valued at about $38,000. Institutional investors own 89.91% of the company’s stock.

EOG Resources Price Performance

NYSE EOG traded down $2.98 during trading hours on Friday, hitting $129.25. 3,215,711 shares of the company’s stock traded hands, compared to its average volume of 2,670,820. The firm’s 50-day moving average is $125.03 and its 200-day moving average is $123.12. The company has a market capitalization of $74.28 billion, a PE ratio of 10.21, a PEG ratio of 1.78 and a beta of 1.30. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.32 and a quick ratio of 2.05. EOG Resources, Inc. has a 52-week low of $108.94 and a 52-week high of $139.67.

EOG Resources (NYSE:EOG) last posted its earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.70 by $0.12. EOG Resources had a net margin of 30.33% and a return on equity of 24.83%. The firm had revenue of $6.12 billion during the quarter, compared to the consensus estimate of $5.91 billion. During the same quarter last year, the firm earned $2.69 EPS. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. Equities analysts forecast that EOG Resources, Inc. will post 12.18 EPS for the current fiscal year.

EOG Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Wednesday, July 17th. This represents a $3.64 annualized dividend and a dividend yield of 2.82%. EOG Resources’s dividend payout ratio (DPR) is currently 28.75%.

Analyst Ratings Changes

Several analysts have issued reports on EOG shares. Royal Bank of Canada reissued a “sector perform” rating and issued a $147.00 price objective on shares of EOG Resources in a research note on Wednesday, July 10th. Barclays started coverage on shares of EOG Resources in a report on Wednesday, April 10th. They issued an “equal weight” rating and a $144.00 price target on the stock. Stifel Nicolaus cut their price target on shares of EOG Resources from $153.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, April 23rd. Scotiabank dropped their price objective on shares of EOG Resources from $155.00 to $150.00 and set a “sector perform” rating on the stock in a report on Friday, July 12th. Finally, Mizuho upped their price target on shares of EOG Resources from $140.00 to $156.00 and gave the company a “buy” rating in a report on Monday, May 13th. Fifteen research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $143.50.

Insider Activity at EOG Resources

In other EOG Resources news, CEO Ezra Y. Yacob sold 4,729 shares of EOG Resources stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $129.31, for a total value of $611,506.99. Following the transaction, the chief executive officer now directly owns 150,474 shares in the company, valued at $19,457,792.94. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other EOG Resources news, President Lloyd W. Helms, Jr. sold 1,296 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $130.27, for a total transaction of $168,829.92. Following the transaction, the president now directly owns 161,109 shares in the company, valued at $20,987,669.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Ezra Y. Yacob sold 4,729 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $129.31, for a total transaction of $611,506.99. Following the completion of the sale, the chief executive officer now directly owns 150,474 shares in the company, valued at approximately $19,457,792.94. The disclosure for this sale can be found here. Insiders sold a total of 16,512 shares of company stock valued at $2,144,972 over the last ninety days. Insiders own 0.30% of the company’s stock.

About EOG Resources

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.