Vaughan Nelson Investment Management L.P. Has $8.69 Million Stake in EOG Resources, Inc. $EOG

Vaughan Nelson Investment Management L.P. boosted its stake in EOG Resources, Inc. (NYSE:EOG) by 93.5% in the first quarter, HoldingsChannel.com reports. The firm owned 60,110 shares of the energy exploration company’s stock after buying an additional 29,040 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in EOG Resources were worth $8,690,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of EOG. Acumen Wealth Advisors LLC bought a new stake in shares of EOG Resources in the 4th quarter valued at about $25,000. Prosperity Bancshares Inc bought a new position in shares of EOG Resources during the fourth quarter worth about $26,000. Nemes Rush Group LLC bought a new position in shares of EOG Resources during the fourth quarter worth about $30,000. Gen Wealth Partners Inc acquired a new position in shares of EOG Resources in the fourth quarter worth approximately $30,000. Finally, Olistico Wealth LLC acquired a new position in shares of EOG Resources in the fourth quarter worth approximately $33,000. 89.91% of the stock is owned by institutional investors.

EOG Resources Trading Up 2.1%

NYSE EOG opened at $132.67 on Tuesday. The stock has a market capitalization of $70.66 billion, a P/E ratio of 13.06 and a beta of 0.25. The business has a 50 day simple moving average of $135.88 and a 200 day simple moving average of $125.02. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.72 and a quick ratio of 1.53. EOG Resources, Inc. has a one year low of $101.59 and a one year high of $151.87.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share for the quarter, beating the consensus estimate of $3.23 by $0.18. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The company had revenue of $6.92 billion during the quarter, compared to analyst estimates of $6.18 billion. During the same quarter in the previous year, the business posted $2.87 EPS. EOG Resources’s revenue for the quarter was up 22.1% compared to the same quarter last year. Research analysts expect that EOG Resources, Inc. will post 16.63 earnings per share for the current year.

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Friday, July 17th. EOG Resources’s dividend payout ratio (DPR) is presently 40.16%.

Analyst Ratings Changes

A number of research firms have weighed in on EOG. Capital One Financial decreased their target price on shares of EOG Resources from $161.00 to $159.00 and set an “overweight” rating for the company in a research report on Wednesday, June 3rd. Royal Bank Of Canada boosted their price target on shares of EOG Resources from $138.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 8th. Wells Fargo & Company set a $196.00 price objective on shares of EOG Resources and gave the company an “overweight” rating in a research note on Wednesday, May 13th. Mizuho set a $157.00 price objective on shares of EOG Resources and gave the stock a “neutral” rating in a research report on Wednesday, May 27th. Finally, Williams Trading set a $177.00 target price on shares of EOG Resources in a research note on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and sixteen have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $156.00.

Insider Buying and Selling

In other EOG Resources news, COO Jeffrey R. Leitzell sold 5,698 shares of EOG Resources stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total value of $856,523.36. Following the completion of the sale, the chief operating officer directly owned 88,045 shares of the company’s stock, valued at approximately $13,234,924.40. The trade was a 6.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.14% of the company’s stock.

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.