Bedell Frazier Investment Counselling LLC Purchases 3,537 Shares of EOG Resources, Inc. $EOG

Bedell Frazier Investment Counselling LLC boosted its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 16.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 25,066 shares of the energy exploration company’s stock after buying an additional 3,537 shares during the period. Bedell Frazier Investment Counselling LLC’s holdings in EOG Resources were worth $2,998,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of EOG Resources by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 53,981,854 shares of the energy exploration company’s stock valued at $6,922,633,000 after acquiring an additional 348,895 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in EOG Resources by 6.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 19,380,866 shares of the energy exploration company’s stock valued at $2,485,402,000 after purchasing an additional 1,188,552 shares in the last quarter. Northern Trust Corp lifted its position in EOG Resources by 6.3% during the first quarter. Northern Trust Corp now owns 6,077,928 shares of the energy exploration company’s stock valued at $779,433,000 after purchasing an additional 358,916 shares during the last quarter. Alliancebernstein L.P. lifted its position in EOG Resources by 3.9% during the first quarter. Alliancebernstein L.P. now owns 5,909,297 shares of the energy exploration company’s stock valued at $757,808,000 after purchasing an additional 223,294 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in EOG Resources by 0.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,911,741 shares of the energy exploration company’s stock worth $629,789,000 after buying an additional 36,777 shares in the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EOG has been the topic of several research reports. Jefferies Financial Group set a $145.00 price objective on shares of EOG Resources in a research report on Sunday, October 12th. Susquehanna raised their price target on EOG Resources from $156.00 to $170.00 and gave the company a “positive” rating in a research report on Wednesday, July 23rd. Argus lowered EOG Resources from a “buy” rating to a “hold” rating in a research note on Monday, August 25th. Melius began coverage on EOG Resources in a research report on Wednesday, August 20th. They set a “buy” rating and a $173.00 price objective on the stock. Finally, Melius Research assumed coverage on EOG Resources in a report on Wednesday, August 20th. They set a “buy” rating and a $173.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fifteen have given a Hold rating to the stock. According to data from MarketBeat.com, EOG Resources presently has a consensus rating of “Hold” and a consensus target price of $140.31.

EOG Resources Trading Down 0.9%

NYSE EOG opened at $109.44 on Tuesday. The firm has a market cap of $59.38 billion, a PE ratio of 10.64, a price-to-earnings-growth ratio of 8.20 and a beta of 0.72. EOG Resources, Inc. has a 1-year low of $102.52 and a 1-year high of $138.18. The stock has a 50-day moving average of $110.85 and a 200-day moving average of $115.47. The company has a current ratio of 1.79, a quick ratio of 1.61 and a debt-to-equity ratio of 0.12.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.29. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.The business had revenue of $5.85 billion for the quarter, compared to analyst estimates of $5.48 billion. During the same period last year, the company earned $2.89 EPS. EOG Resources’s revenue for the quarter was down 2.0% compared to the same quarter last year. As a group, sell-side analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 16th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, January 16th. EOG Resources’s payout ratio is presently 40.64%.

EOG Resources Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.