Artisan Partners Limited Partnership Purchases 45,143 Shares of EOG Resources, Inc. $EOG

Artisan Partners Limited Partnership boosted its position in shares of EOG Resources, Inc. (NYSE:EOG) by 3.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,295,159 shares of the energy exploration company’s stock after acquiring an additional 45,143 shares during the quarter. Artisan Partners Limited Partnership’s holdings in EOG Resources were worth $136,005,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Franklin Resources Inc. lifted its stake in shares of EOG Resources by 24.2% during the 4th quarter. Franklin Resources Inc. now owns 6,443,453 shares of the energy exploration company’s stock worth $676,627,000 after buying an additional 1,257,110 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of EOG Resources by 70.5% during the 4th quarter. First Trust Advisors LP now owns 2,977,912 shares of the energy exploration company’s stock worth $312,711,000 after buying an additional 1,231,366 shares during the last quarter. Marshall Wace LLP lifted its stake in shares of EOG Resources by 474.7% during the 4th quarter. Marshall Wace LLP now owns 1,318,254 shares of the energy exploration company’s stock worth $138,430,000 after buying an additional 1,088,867 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of EOG Resources by 23.9% during the 4th 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 buying an additional 901,897 shares during the last quarter. Finally, Capital World Investors lifted its stake 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 worth $6,156,495,000 after buying an additional 782,426 shares during the last quarter. 89.91% of the stock is owned by institutional investors.

EOG Resources Price Performance

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. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $151.87. The firm has a market cap of $70.31 billion, a P/E ratio of 12.99 and a beta of 0.25. The company’s 50-day moving average price is $136.61 and its two-hundred day moving average price is $124.36.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.23 by $0.18. The company had revenue of $6.92 billion for the quarter, compared to analyst estimates of $6.18 billion. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The firm’s revenue was up 22.1% on a year-over-year basis. During the same period in the previous year, the firm posted $2.87 EPS. On average, analysts anticipate that EOG Resources, Inc. will post 16.63 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be issued 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 dividend yield of 3.1%. EOG Resources’s payout ratio is 40.16%.

Insider Activity at EOG Resources

In related 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 sale, the chief financial officer directly owned 100,246 shares of the company’s stock, valued at approximately $14,038,449.84. The trade was a 3.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 directly owned 88,045 shares in the company, valued at $13,234,924.40. This trade represents 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.

Wall Street Analysts Forecast Growth

EOG has been the subject of a number of research reports. Weiss Ratings upgraded shares of EOG Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. BMO Capital Markets raised their target price on shares of EOG Resources from $140.00 to $160.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 1st. Citigroup restated a “neutral” rating and set a $147.00 target price (up from $142.00) on shares of EOG Resources in a research note on Wednesday, May 20th. Mizuho set a $157.00 target price on shares of EOG Resources and gave the stock a “neutral” rating in a research note on Wednesday, May 27th. Finally, Scotiabank raised their target price on shares of EOG Resources from $123.00 to $139.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and sixteen have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $156.32.

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.