Epoch Investment Partners Inc. Boosts Stock Holdings in EOG Resources, Inc. $EOG

Epoch Investment Partners Inc. raised its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 24.3% during the fourth quarter, HoldingsChannel reports. The firm owned 478,638 shares of the energy exploration company’s stock after purchasing an additional 93,694 shares during the period. Epoch Investment Partners Inc.’s holdings in EOG Resources were worth $50,262,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Acumen Wealth Advisors LLC purchased a new position in EOG Resources during the 4th quarter valued at about $25,000. Nemes Rush Group LLC purchased a new position in EOG Resources during the 4th quarter valued at about $30,000. Gen Wealth Partners Inc purchased a new position in EOG Resources during the 4th quarter valued at about $30,000. Olistico Wealth LLC purchased a new position in EOG Resources during the 4th quarter valued at about $33,000. Finally, Physician Wealth Advisors Inc. increased its position in EOG Resources by 103.0% during the 4th quarter. Physician Wealth Advisors Inc. now owns 335 shares of the energy exploration company’s stock valued at $35,000 after purchasing an additional 170 shares during the period. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Performance

Shares of NYSE EOG opened at $136.42 on Monday. The company has a current ratio of 1.72, a quick ratio of 1.53 and a debt-to-equity ratio of 0.26. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $151.87. The company has a 50 day simple moving average of $137.04 and a two-hundred day simple moving average of $123.99. The stock has a market cap of $72.66 billion, a price-to-earnings ratio of 13.43 and a beta of 0.25.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Tuesday, May 5th. The energy exploration company reported $3.41 EPS 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 business had revenue of $6.92 billion during the quarter, compared to analysts’ expectations of $6.18 billion. During the same period in the previous year, the business posted $2.87 EPS. The business’s quarterly revenue was up 22.1% compared to the same quarter last year. As a group, analysts predict that EOG Resources, Inc. will post 16.63 earnings per share for the current year.

EOG Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 3.0%. The ex-dividend date is Friday, July 17th. EOG Resources’s payout ratio is presently 40.16%.

Insider Activity at EOG Resources

In other EOG Resources news, CFO Ann D. Janssen sold 4,161 shares of EOG Resources stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $140.04, for a total transaction of $582,706.44. Following the completion of the sale, the chief financial officer directly owned 100,246 shares in the company, valued at approximately $14,038,449.84. The trade was a 3.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Jeffrey R. Leitzell sold 5,698 shares of EOG Resources stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total transaction of $856,523.36. Following the sale, the chief operating officer 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 disclosure for this sale is available in the SEC filing. Insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

EOG has been the topic of a number of research reports. Capital One Financial cut their target price on shares of EOG Resources from $161.00 to $159.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 3rd. Sanford C. Bernstein dropped their target price on shares of EOG Resources from $167.00 to $155.00 and set a “market perform” rating on the stock in a research report on Wednesday, May 20th. The Goldman Sachs Group boosted their target price on shares of EOG Resources from $135.00 to $139.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 12th. Williams Trading set a $177.00 target price on shares of EOG Resources in a research report on Monday, April 20th. Finally, Jefferies Financial Group boosted their target price on shares of EOG Resources from $146.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and sixteen have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $156.32.

EOG Resources Company 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.