Barings LLC Buys 9,291 Shares of EOG Resources, Inc. $EOG

Barings LLC increased its stake in EOG Resources, Inc. (NYSE:EOG) by 15.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 69,643 shares of the energy exploration company’s stock after purchasing an additional 9,291 shares during the period. Barings LLC’s holdings in EOG Resources were worth $8,330,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in EOG. Nuveen LLC acquired a new position in shares of EOG Resources during the first quarter worth about $451,908,000. Charles Schwab Investment Management Inc. lifted its stake in EOG Resources by 6.5% in the 1st 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 acquiring an additional 1,188,552 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in EOG Resources during the 1st quarter worth approximately $81,752,000. LSV Asset Management grew its stake in shares of EOG Resources by 290.5% during the 1st quarter. LSV Asset Management now owns 687,446 shares of the energy exploration company’s stock worth $88,158,000 after acquiring an additional 511,418 shares in the last quarter. Finally, Jupiter Asset Management Ltd. raised its holdings in shares of EOG Resources by 122.6% in the second quarter. Jupiter Asset Management Ltd. now owns 907,231 shares of the energy exploration company’s stock valued at $108,514,000 after purchasing an additional 499,610 shares during the last quarter. Institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Up 0.9%

Shares of EOG stock opened at $106.98 on Friday. EOG Resources, Inc. has a 52-week low of $102.52 and a 52-week high of $138.18. The stock has a market cap of $58.05 billion, a price-to-earnings ratio of 10.40, a PEG ratio of 8.20 and a beta of 0.72. The firm’s 50-day moving average is $109.93 and its 200-day moving average is $115.37. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.61 and a current ratio of 1.79.

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

EOG Resources Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Friday, January 16th. EOG Resources’s dividend payout ratio is 40.64%.

Wall Street Analysts Forecast Growth

EOG has been the subject of several recent research reports. Barclays set a $136.00 target price on shares of EOG Resources and gave the stock an “equal weight” rating in a report on Tuesday, October 7th. UBS Group increased their price objective on shares of EOG Resources from $142.00 to $144.00 and gave the stock a “buy” rating in a research note on Wednesday, August 20th. Wells Fargo & Company lowered their target price on EOG Resources from $127.00 to $126.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 11th. Sanford C. Bernstein dropped their target price on EOG Resources from $146.00 to $144.00 and set a “market perform” rating on the stock in a report on Friday. Finally, Roth Capital decreased their price target on EOG Resources from $126.00 to $114.00 and set a “neutral” rating for the company in a research note on Wednesday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and sixteen have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $140.33.

About EOG Resources

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.