Guardian Capital LP Increases Stock Position in EOG Resources, Inc. $EOG

Guardian Capital LP grew its holdings in EOG Resources, Inc. (NYSE:EOG) by 7.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,850 shares of the energy exploration company’s stock after purchasing an additional 4,112 shares during the quarter. Guardian Capital LP’s holdings in EOG Resources were worth $6,486,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the stock. Alliancebernstein L.P. grew its holdings in EOG Resources by 4.2% during the 2nd quarter. Alliancebernstein L.P. now owns 6,159,281 shares of the energy exploration company’s stock valued at $736,712,000 after buying an additional 249,984 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of EOG Resources by 6.1% in the third quarter. Dimensional Fund Advisors LP now owns 5,972,687 shares of the energy exploration company’s stock valued at $669,727,000 after acquiring an additional 344,291 shares in the last quarter. Invesco Ltd. lifted its position in shares of EOG Resources by 7.0% in the second quarter. Invesco Ltd. now owns 4,494,503 shares of the energy exploration company’s stock valued at $537,588,000 after acquiring an additional 294,641 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of EOG Resources by 64.1% during the second quarter. First Trust Advisors LP now owns 3,728,128 shares of the energy exploration company’s stock valued at $445,921,000 after acquiring an additional 1,456,928 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of EOG Resources by 6.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,899,816 shares of the energy exploration company’s stock valued at $322,663,000 after acquiring an additional 184,387 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Stock Up 0.5%

Shares of EOG opened at $131.74 on Friday. EOG Resources, Inc. has a fifty-two week low of $101.59 and a fifty-two week high of $134.00. The company’s fifty day moving average is $113.78 and its two-hundred day moving average is $112.16. The firm has a market cap of $70.68 billion, a PE ratio of 14.46 and a beta of 0.44. The company has a quick ratio of 1.42, a current ratio of 1.63 and a debt-to-equity ratio of 0.27.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Tuesday, February 24th. The energy exploration company reported $2.27 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.07. The business had revenue of $5.64 billion during the quarter, compared to the consensus estimate of $5.36 billion. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.The business’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the prior year, the firm posted $2.74 EPS. Analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th will be given a dividend of $1.02 per share. 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 payout ratio is 44.79%.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 2,000 shares of the business’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $125.00, for a total transaction of $250,000.00. Following the completion of the sale, the chief operating officer owned 61,481 shares in the company, valued at approximately $7,685,125. The trade was a 3.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders sold 7,774 shares of company stock valued at $945,895. Insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Zacks Research raised shares of EOG Resources from a “strong sell” rating to a “hold” rating in a research note on Monday, March 2nd. Susquehanna decreased their price target on shares of EOG Resources from $151.00 to $144.00 and set a “positive” rating on the stock in a research note on Thursday, February 26th. Johnson Rice cut their price objective on shares of EOG Resources from $145.00 to $135.00 and set a “hold” rating for the company in a research report on Friday, December 5th. Weiss Ratings reissued a “hold (c)” rating on shares of EOG Resources in a research note on Thursday, January 22nd. Finally, JPMorgan Chase & Co. raised their target price on shares of EOG Resources from $115.00 to $125.00 and gave the stock a “neutral” rating in a research report on Thursday, February 26th. 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. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $135.31.

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.