World Asset Management Inc increased its holdings in shares of EOG Resources Inc (NYSE:EOG) by 4.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 35,742 shares of the energy exploration company’s stock after buying an additional 1,582 shares during the quarter. World Asset Management Inc’s holdings in EOG Resources were worth $3,402,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of EOG. Norges Bank acquired a new stake in shares of EOG Resources in the 4th quarter valued at about $504,826,000. Oregon Public Employees Retirement Fund raised its stake in shares of EOG Resources by 8,562.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,498,242 shares of the energy exploration company’s stock valued at $63,000 after purchasing an additional 5,434,773 shares during the period. Eaton Vance Management raised its stake in shares of EOG Resources by 27.4% in the 4th quarter. Eaton Vance Management now owns 3,972,235 shares of the energy exploration company’s stock valued at $346,418,000 after purchasing an additional 855,469 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of EOG Resources by 51.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,168,414 shares of the energy exploration company’s stock valued at $189,119,000 after purchasing an additional 732,531 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of EOG Resources by 7.7% in the 4th quarter. Geode Capital Management LLC now owns 6,797,414 shares of the energy exploration company’s stock valued at $591,653,000 after purchasing an additional 486,443 shares during the period. 88.03% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Frank G. Wisner sold 1,296 shares of EOG Resources stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $87.28, for a total transaction of $113,114.88. Following the completion of the transaction, the director now owns 120,052 shares in the company, valued at $10,478,138.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.20% of the company’s stock.
EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Tuesday, February 26th. The energy exploration company reported $1.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.34 by ($0.10). EOG Resources had a net margin of 19.79% and a return on equity of 17.83%. The company had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.44 billion. During the same quarter in the previous year, the business earned $0.69 EPS. EOG Resources’s revenue was up 36.9% on a year-over-year basis. On average, sell-side analysts expect that EOG Resources Inc will post 5.39 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend is Monday, April 15th. EOG Resources’s payout ratio is currently 15.88%.
Several research firms have issued reports on EOG. KeyCorp lifted their price target on EOG Resources from $105.00 to $110.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. Tudor Pickering raised EOG Resources from a “hold” rating to a “buy” rating in a research note on Thursday, April 4th. Citigroup began coverage on EOG Resources in a research note on Tuesday, April 9th. They issued a “buy” rating on the stock. ValuEngine downgraded EOG Resources from a “hold” rating to a “sell” rating in a research note on Friday. Finally, Guggenheim reissued a “buy” rating and issued a $126.00 price target on shares of EOG Resources in a research note on Friday, February 22nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $122.46.
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EOG Resources Profile
EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the People's Republic of China, and Canada.
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