EOG Resources, Inc. $EOG Stock Holdings Decreased by Conning Inc.

Conning Inc. trimmed its position in EOG Resources, Inc. (NYSE:EOG) by 10.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 271,863 shares of the energy exploration company’s stock after selling 30,165 shares during the period. EOG Resources makes up about 1.3% of Conning Inc.’s holdings, making the stock its 10th biggest position. Conning Inc.’s holdings in EOG Resources were worth $39,303,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Concurrent Investment Advisors LLC grew its holdings in EOG Resources by 66.4% during the 4th quarter. Concurrent Investment Advisors LLC now owns 19,745 shares of the energy exploration company’s stock valued at $2,073,000 after purchasing an additional 7,877 shares in the last quarter. L2 Asset Management LLC boosted its position in EOG Resources by 69.6% in the 3rd quarter. L2 Asset Management LLC now owns 19,355 shares of the energy exploration company’s stock valued at $2,170,000 after buying an additional 7,940 shares during the last quarter. Ilmarinen Mutual Pension Insurance Co grew its stake in shares of EOG Resources by 39.2% during the fourth quarter. Ilmarinen Mutual Pension Insurance Co now owns 87,000 shares of the energy exploration company’s stock valued at $9,136,000 after acquiring an additional 24,500 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of EOG Resources by 2.2% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,150,840 shares of the energy exploration company’s stock valued at $123,451,000 after acquiring an additional 24,984 shares in the last quarter. Finally, Cumberland Partners Ltd increased its position in shares of EOG Resources by 432.0% during the fourth quarter. Cumberland Partners Ltd now owns 15,470 shares of the energy exploration company’s stock worth $1,625,000 after acquiring an additional 12,562 shares during the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on EOG shares. Wolfe Research upped their target price on EOG Resources from $152.00 to $154.00 and gave the company an “outperform” rating in a research report on Monday, April 6th. Williams Trading set a $177.00 price target on shares of EOG Resources in a research report on Monday, April 20th. DA Davidson lifted their price target on shares of EOG Resources from $148.00 to $153.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Raymond James Financial cut their price target on shares of EOG Resources from $186.00 to $176.00 and set a “strong-buy” rating on the stock in a report on Monday, June 22nd. Finally, Roth Capital reiterated a “neutral” rating and set a $136.00 price objective on shares of EOG Resources in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and sixteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $155.04.

EOG Resources Trading Up 0.4%

NYSE:EOG opened at $134.03 on Friday. The firm has a market capitalization of $71.39 billion, a P/E ratio of 13.19 and a beta of 0.25. The business has a 50 day simple moving average of $135.59 and a 200 day simple moving average of $127.33. 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 12-month low of $101.59 and a 12-month high of $151.87.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share for the quarter, beating analysts’ consensus estimates of $3.23 by $0.18. The company had revenue of $6.92 billion for the quarter, compared to analysts’ expectations of $6.18 billion. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The business’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.87 earnings per share. Equities research analysts predict that EOG Resources, Inc. will post 16.19 EPS for the current year.

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be paid a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, July 17th. This represents a $4.08 annualized dividend and a yield of 3.0%. EOG Resources’s dividend payout ratio (DPR) is currently 40.16%.

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.