&PARTNERS Has $39.25 Million Stock Holdings in EOG Resources, Inc. $EOG

&PARTNERS increased its position in shares of EOG Resources, Inc. (NYSE:EOG) by 66.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 374,403 shares of the energy exploration company’s stock after acquiring an additional 150,141 shares during the quarter. &PARTNERS’s holdings in EOG Resources were worth $39,247,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Franklin Resources Inc. raised its holdings in EOG Resources by 24.2% in the fourth quarter. Franklin Resources Inc. now owns 6,443,453 shares of the energy exploration company’s stock worth $676,627,000 after purchasing an additional 1,257,110 shares during the period. First Trust Advisors LP increased its holdings in shares of EOG Resources by 70.5% in the fourth quarter. First Trust Advisors LP now owns 2,977,912 shares of the energy exploration company’s stock worth $312,711,000 after acquiring an additional 1,231,366 shares in the last quarter. Marshall Wace LLP raised its position in shares of EOG Resources by 474.7% during the fourth quarter. Marshall Wace LLP now owns 1,318,254 shares of the energy exploration company’s stock worth $138,430,000 after purchasing an additional 1,088,867 shares during the period. Bank of New York Mellon Corp raised its position in shares of EOG Resources by 23.9% during the fourth quarter. Bank of New York Mellon Corp now owns 4,669,969 shares of the energy exploration company’s stock worth $490,394,000 after purchasing an additional 901,897 shares during the period. Finally, Capital World Investors lifted its holdings in shares of EOG Resources by 1.4% during the 3rd quarter. Capital World Investors now owns 54,907,949 shares of the energy exploration company’s stock valued at $6,156,495,000 after purchasing an additional 782,426 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Up 0.0%

EOG stock opened at $132.00 on Wednesday. The company has a quick ratio of 1.53, a current ratio of 1.72 and a debt-to-equity ratio of 0.26. The business has a 50 day moving average price of $136.61 and a two-hundred day moving average price of $124.36. The company has a market cap of $70.31 billion, a price-to-earnings ratio of 12.99 and a beta of 0.25. EOG Resources, Inc. has a twelve month low of $101.59 and a twelve month 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 EPS for the quarter, beating the consensus estimate of $3.23 by $0.18. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The company had revenue of $6.92 billion during the quarter, compared to the consensus estimate of $6.18 billion. During the same quarter in the prior year, the firm posted $2.87 EPS. The firm’s revenue for the quarter was up 22.1% compared to the same quarter last year. Analysts anticipate that EOG Resources, Inc. will post 16.63 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Friday, July 17th. EOG Resources’s dividend payout ratio is 40.16%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on EOG shares. Wells Fargo & Company set a $196.00 target price on EOG Resources and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. Citigroup reaffirmed a “neutral” rating and issued a $147.00 price target (up from $142.00) on shares of EOG Resources in a research note on Wednesday, May 20th. Capital One Financial reduced their price target on shares of EOG Resources from $161.00 to $159.00 and set an “overweight” rating for the company in a report on Wednesday, June 3rd. Raymond James Financial increased their price objective on shares of EOG Resources from $157.00 to $185.00 and gave the stock a “strong-buy” rating in a research report on Friday, March 27th. Finally, Barclays raised their price objective on shares of EOG Resources from $140.00 to $153.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 26th. One research 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $156.32.

Insiders Place Their Bets

In other EOG Resources news, CFO Ann D. Janssen sold 4,161 shares of the stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $140.04, for a total value of $582,706.44. Following the completion of the sale, the chief financial officer owned 100,246 shares in the company, valued at $14,038,449.84. This trade represents a 3.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Jeffrey R. Leitzell sold 5,698 shares of EOG Resources stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total transaction of $856,523.36. Following the completion of the transaction, the chief operating officer directly owned 88,045 shares of the company’s stock, valued at approximately $13,234,924.40. This trade represents a 6.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.14% of the company’s stock.

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.