Pacer Advisors Inc. Grows Stake in EOG Resources Inc (NYSE:EOG)

Pacer Advisors Inc. grew its holdings in EOG Resources Inc (NYSE:EOG) by 10.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 60,709 shares of the energy exploration company’s stock after acquiring an additional 5,847 shares during the quarter. Pacer Advisors Inc.’s holdings in EOG Resources were worth $4,506,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in EOG. Wealthcare Advisory Partners LLC boosted its position in shares of EOG Resources by 131.1% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 275 shares of the energy exploration company’s stock valued at $26,000 after purchasing an additional 156 shares during the period. Knuff & Co LLC acquired a new stake in EOG Resources during the 2nd quarter worth approximately $28,000. Truvestments Capital LLC acquired a new stake in EOG Resources during the 2nd quarter worth approximately $33,000. Tortoise Investment Management LLC acquired a new stake in EOG Resources during the 2nd quarter worth approximately $34,000. Finally, Mizuho Securities Co. Ltd. acquired a new stake in EOG Resources during the 2nd quarter worth approximately $37,000. Institutional investors and hedge funds own 86.51% of the company’s stock.

EOG Resources stock opened at $69.25 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.83 and a current ratio of 1.02. The stock has a fifty day moving average of $75.27 and a two-hundred day moving average of $86.31. The company has a market capitalization of $40.21 billion, a price-to-earnings ratio of 12.50, a PEG ratio of 1.59 and a beta of 1.34. EOG Resources Inc has a fifty-two week low of $68.09 and a fifty-two week high of $123.78.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, August 1st. The energy exploration company reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.33 by ($0.02). EOG Resources had a return on equity of 16.25% and a net margin of 19.69%. The company had revenue of $4.70 billion for the quarter, compared to analysts’ expectations of $4.41 billion. During the same period in the previous year, the business posted $1.37 EPS. The business’s quarterly revenue was up 10.8% on a year-over-year basis. On average, analysts forecast that EOG Resources Inc will post 4.95 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be issued a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 1.66%. The ex-dividend date is Wednesday, October 16th. EOG Resources’s dividend payout ratio (DPR) is 20.76%.

A number of analysts have weighed in on the company. Citigroup decreased their price objective on EOG Resources from $116.00 to $93.00 and set a “buy” rating for the company in a research report on Monday, September 23rd. Raymond James reissued a “buy” rating and issued a $102.00 price target on shares of EOG Resources in a report on Thursday, August 22nd. Oppenheimer reduced their price target on EOG Resources from $111.00 to $102.00 and set an “outperform” rating for the company in a report on Thursday, August 22nd. ValuEngine raised EOG Resources from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Morgan Stanley reduced their price target on EOG Resources from $97.00 to $95.00 and set an “equal weight” rating for the company in a report on Friday, October 4th. Four investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $111.57.

EOG Resources Company 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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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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