Schroder Investment Management Group Has $163.01 Million Stock Position in EOG Resources, Inc. $EOG

Schroder Investment Management Group boosted its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 10.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,438,129 shares of the energy exploration company’s stock after purchasing an additional 139,643 shares during the period. Schroder Investment Management Group owned about 0.26% of EOG Resources worth $163,012,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of EOG. JCIC Asset Management Inc. bought a new position in EOG Resources in the third quarter valued at about $32,000. Twin Peaks Wealth Advisors LLC bought a new position in EOG Resources in the 2nd quarter valued at approximately $35,000. Salomon & Ludwin LLC lifted its stake in shares of EOG Resources by 122.8% in the 3rd quarter. Salomon & Ludwin LLC now owns 323 shares of the energy exploration company’s stock valued at $36,000 after acquiring an additional 178 shares during the last quarter. Mountain Hill Investment Partners Corp. bought a new position in EOG Resources in the third quarter valued at about $37,000. Finally, Quent Capital LLC bought a new position in EOG Resources in the 3rd quarter valued at approximately $37,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on EOG shares. Mizuho set a $134.00 target price on EOG Resources and gave the stock a “neutral” rating in a research report on Friday, December 12th. Wolfe Research increased their price target on EOG Resources from $140.00 to $152.00 in a research note on Monday. Roth Mkm restated a “neutral” rating and set a $110.00 price objective on shares of EOG Resources in a research report on Wednesday, February 25th. KeyCorp downgraded EOG Resources from an “overweight” rating to a “sector weight” rating in a research report on Friday, January 16th. Finally, UBS Group lifted their price objective on EOG Resources from $141.00 to $149.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seventeen have assigned a Hold rating to the company. Based on data from MarketBeat, EOG Resources presently has a consensus rating of “Hold” and a consensus price target of $135.77.

Insider Buying and Selling at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 2,000 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $130.00, for a total value of $260,000.00. Following the sale, the chief operating officer owned 88,045 shares in the company, valued at $11,445,850. This represents a 2.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In the last quarter, insiders have sold 7,774 shares of company stock valued at $945,895. Corporate insiders own 0.13% of the company’s stock.

EOG Resources Trading Up 0.0%

Shares of EOG Resources stock opened at $131.48 on Tuesday. The stock has a market capitalization of $70.54 billion, a PE ratio of 14.43 and a beta of 0.44. EOG Resources, Inc. has a 52 week low of $101.59 and a 52 week high of $134.36. The stock has a 50 day moving average price of $114.32 and a two-hundred day moving average price of $112.17. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.42 and a current ratio of 1.63.

EOG Resources (NYSE:EOG) last issued its earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $0.07. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.The company had revenue of $5.64 billion for the quarter, compared to analyst estimates of $5.36 billion. During the same period in the prior year, the firm earned $2.74 earnings per share. EOG Resources’s revenue for the quarter was up .9% on a year-over-year basis. As a group, equities analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Thursday, April 16th. This represents a $4.08 annualized dividend and a dividend yield of 3.1%. EOG Resources’s 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.