Ameritas Investment Partners Inc. Reduces Stake in EOG Resources, Inc. $EOG

Ameritas Investment Partners Inc. lessened its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 9.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,370 shares of the energy exploration company’s stock after selling 769 shares during the period. Ameritas Investment Partners Inc.’s holdings in EOG Resources were worth $882,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of EOG. Kiker Wealth Management LLC acquired a new stake in EOG Resources during the second quarter worth $627,000. Vanguard Personalized Indexing Management LLC lifted its stake in shares of EOG Resources by 9.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 61,742 shares of the energy exploration company’s stock valued at $7,386,000 after purchasing an additional 5,156 shares during the last quarter. Canada Pension Plan Investment Board lifted its stake in shares of EOG Resources by 30.1% in the 1st quarter. Canada Pension Plan Investment Board now owns 195,782 shares of the energy exploration company’s stock valued at $25,107,000 after purchasing an additional 45,295 shares during the last quarter. Turtle Creek Wealth Advisors LLC grew its holdings in shares of EOG Resources by 14.4% during the 2nd quarter. Turtle Creek Wealth Advisors LLC now owns 52,194 shares of the energy exploration company’s stock worth $6,243,000 after purchasing an additional 6,588 shares during the period. Finally, Jump Financial LLC acquired a new stake in shares of EOG Resources during the 1st quarter worth about $2,796,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Wall Street Analyst Weigh In

EOG has been the topic of several research analyst reports. Argus lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a report on Monday, August 25th. Melius assumed coverage on shares of EOG Resources in a research report on Wednesday, August 20th. They set a “buy” rating and a $173.00 price target for the company. BMO Capital Markets reduced their price target on shares of EOG Resources from $134.00 to $130.00 in a research note on Tuesday, November 11th. Morgan Stanley upped their price objective on shares of EOG Resources from $136.00 to $138.00 and gave the stock an “equal weight” rating in a report on Thursday, November 20th. Finally, Roth Capital dropped their target price on shares of EOG Resources from $126.00 to $114.00 and set a “neutral” rating for the company in a report on Wednesday, October 15th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and sixteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $140.33.

EOG Resources Stock Up 0.8%

EOG Resources stock opened at $106.27 on Friday. The firm has a market capitalization of $57.66 billion, a P/E ratio of 10.33, a P/E/G ratio of 8.20 and a beta of 0.72. 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, Inc. has a twelve month low of $102.52 and a twelve month high of $138.18. The stock’s fifty day simple moving average is $108.90 and its 200-day simple moving average is $115.24.

EOG Resources (NYSE:EOG) last released its earnings results on Thursday, November 6th. The energy exploration company reported $2.71 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 firm had revenue of $5.85 billion during the quarter, compared to analysts’ expectations of $5.48 billion. During the same period in the previous year, the firm posted $2.89 EPS. EOG Resources’s revenue for the quarter was down 2.0% on a year-over-year basis. As a group, equities analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 16th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, January 16th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.8%. EOG Resources’s payout ratio is currently 40.64%.

EOG Resources Company 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.