EOG Resources, Inc. $EOG Shares Acquired by KBC Group NV

KBC Group NV grew its holdings in EOG Resources, Inc. (NYSE:EOG) by 5.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 116,571 shares of the energy exploration company’s stock after acquiring an additional 5,747 shares during the period. KBC Group NV’s holdings in EOG Resources were worth $13,943,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Stephens Inc. AR lifted its position in EOG Resources by 4.1% during the first quarter. Stephens Inc. AR now owns 5,680 shares of the energy exploration company’s stock valued at $728,000 after purchasing an additional 222 shares during the period. CWM LLC raised its stake in shares of EOG Resources by 2.3% during the 1st quarter. CWM LLC now owns 20,071 shares of the energy exploration company’s stock valued at $2,574,000 after buying an additional 452 shares during the last quarter. Sigma Planning Corp raised its stake in shares of EOG Resources by 1.6% during the 1st quarter. Sigma Planning Corp now owns 6,259 shares of the energy exploration company’s stock valued at $803,000 after buying an additional 97 shares during the last quarter. Dakota Wealth Management lifted its holdings in shares of EOG Resources by 257.6% in the 1st quarter. Dakota Wealth Management now owns 8,300 shares of the energy exploration company’s stock valued at $1,064,000 after buying an additional 5,979 shares during the period. Finally, Larson Financial Group LLC boosted its stake in shares of EOG Resources by 8.4% in the first quarter. Larson Financial Group LLC now owns 4,853 shares of the energy exploration company’s stock worth $622,000 after buying an additional 375 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Stock Up 0.5%

EOG Resources stock opened at $109.29 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.79 and a quick ratio of 1.61. The stock has a market capitalization of $59.67 billion, a PE ratio of 10.62, a price-to-earnings-growth ratio of 8.20 and a beta of 0.72. The business has a 50 day simple moving average of $111.17 and a 200-day simple moving average of $115.46. EOG Resources, Inc. has a 12 month low of $102.52 and a 12 month high of $138.18.

EOG Resources (NYSE:EOG) last announced its earnings results on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.42 by $0.29. The firm had revenue of $5.85 billion for the quarter, compared to analyst estimates of $5.48 billion. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.The business’s revenue was down 2.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.89 EPS. On average, analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 16th will be given a $1.02 dividend. The ex-dividend date is Friday, January 16th. This represents a $4.08 annualized dividend and a dividend yield of 3.7%. EOG Resources’s dividend payout ratio (DPR) is 40.64%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on EOG shares. Roth Capital reduced their price target on EOG Resources from $126.00 to $114.00 and set a “neutral” rating for the company in a research report on Wednesday, October 15th. Melius Research began coverage on EOG Resources in a research report on Wednesday, August 20th. They issued a “buy” rating and a $173.00 price objective on the stock. Evercore ISI lifted their target price on shares of EOG Resources from $141.00 to $149.00 and gave the company an “outperform” rating in a report on Monday, October 6th. Wells Fargo & Company decreased their target price on shares of EOG Resources from $127.00 to $126.00 and set an “overweight” rating for the company in a research note on Tuesday. Finally, UBS Group increased their price target on shares of EOG Resources from $142.00 to $144.00 and gave the stock a “buy” rating in a report on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fifteen have issued a Hold rating to the stock. Based on data from MarketBeat, EOG Resources has an average rating of “Hold” and a consensus price target of $140.72.

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.