Robeco Institutional Asset Management B.V. lowered its position in shares of EOG Resources, Inc. (NYSE:EOG – Get Rating) by 56.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 137,612 shares of the energy exploration company’s stock after selling 176,073 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in EOG Resources were worth $15,375,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Westside Investment Management Inc. acquired a new position in EOG Resources during the 3rd quarter worth about $22,346,000. HM Payson & Co. lifted its holdings in EOG Resources by 54.3% during the 3rd quarter. HM Payson & Co. now owns 233 shares of the energy exploration company’s stock worth $26,000 after buying an additional 82 shares during the period. Lumature Wealth Partners LLC acquired a new position in EOG Resources during the 1st quarter worth about $28,000. Larson Financial Group LLC acquired a new position in EOG Resources during the 3rd quarter worth about $31,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its holdings in EOG Resources by 1,436.8% during the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 292 shares of the energy exploration company’s stock worth $34,000 after buying an additional 273 shares during the period. Institutional investors own 87.40% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts have commented on EOG shares. Barclays cut their target price on EOG Resources from $152.00 to $145.00 and set an “overweight” rating on the stock in a report on Wednesday, February 22nd. JPMorgan Chase & Co. dropped their price objective on EOG Resources from $156.00 to $153.00 and set an “overweight” rating on the stock in a research note on Friday, January 27th. Piper Sandler dropped their price objective on EOG Resources from $174.00 to $171.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 7th. Credit Suisse Group dropped their price objective on EOG Resources from $160.00 to $155.00 and set an “outperform” rating on the stock in a research note on Friday, February 24th. Finally, Wells Fargo & Company dropped their price objective on EOG Resources from $167.00 to $158.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 8th. Five investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $154.18.
EOG Resources Stock Performance
EOG Resources (NYSE:EOG – Get Rating) last issued its quarterly earnings data on Friday, February 24th. The energy exploration company reported $3.30 EPS for the quarter, missing analysts’ consensus estimates of $3.31 by ($0.01). The company had revenue of $6.72 billion for the quarter, compared to the consensus estimate of $6.09 billion. EOG Resources had a return on equity of 34.95% and a net margin of 30.19%. The business’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same period in the prior year, the firm posted $3.09 earnings per share. Equities analysts forecast that EOG Resources, Inc. will post 12.58 earnings per share for the current fiscal year.
EOG Resources Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 28th. Stockholders of record on Friday, April 14th will be issued a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 3.21%. The ex-dividend date is Thursday, April 13th. EOG Resources’s dividend payout ratio is presently 24.98%.
In other EOG Resources news, Director Michael T. Kerr bought 20,000 shares of EOG Resources stock in a transaction dated Thursday, January 12th. The stock was bought at an average cost of $130.49 per share, with a total value of $2,609,800.00. Following the completion of the acquisition, the director now directly owns 170,000 shares in the company, valued at approximately $22,183,300. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.40% of the stock is currently owned by corporate insiders.
EOG Resources Company Profile
EOG Resources, Inc engages in the exploration, development, production and marketing of crude oil and natural gas. It operates through the United States, Trinidad & Tobago, and Other International segments. The company was founded in 1985 and is headquartered in Houston, TX.
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