EOG Resources, Inc. $EOG Stake Reduced by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership decreased its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 8.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 540,680 shares of the energy exploration company’s stock after selling 51,325 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.10% of EOG Resources worth $64,671,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Quantbot Technologies LP bought a new stake in shares of EOG Resources during the 2nd quarter worth $349,000. Fisher Asset Management LLC boosted its stake in shares of EOG Resources by 3.0% during the 2nd quarter. Fisher Asset Management LLC now owns 1,310,006 shares of the energy exploration company’s stock worth $156,690,000 after acquiring an additional 38,200 shares in the last quarter. Edgestream Partners L.P. raised its stake in shares of EOG Resources by 16.3% in the 2nd quarter. Edgestream Partners L.P. now owns 90,000 shares of the energy exploration company’s stock valued at $10,765,000 after acquiring an additional 12,625 shares in the last quarter. River Road Asset Management LLC lifted its holdings in EOG Resources by 15.2% in the 2nd quarter. River Road Asset Management LLC now owns 75,878 shares of the energy exploration company’s stock worth $9,107,000 after purchasing an additional 9,999 shares during the last quarter. Finally, Railway Pension Investments Ltd grew its holdings in EOG Resources by 6.9% during the second quarter. Railway Pension Investments Ltd now owns 449,100 shares of the energy exploration company’s stock valued at $53,717,000 after purchasing an additional 28,800 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Stock Up 0.6%

Shares of NYSE EOG opened at $112.13 on Friday. EOG Resources, Inc. has a 1 year low of $102.52 and a 1 year high of $138.18. The firm’s 50-day moving average is $108.28 and its 200-day moving average is $115.04. The company has a current ratio of 1.62, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $60.84 billion, a PE ratio of 11.17, a price-to-earnings-growth ratio of 8.44 and a beta of 0.49.

EOG Resources (NYSE:EOG) last posted its earnings results on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share for the quarter, topping the consensus estimate of $2.42 by $0.29. EOG Resources had a return on equity of 19.80% and a net margin of 24.49%.The firm had revenue of $5.85 billion for the quarter, compared to analyst estimates of $5.48 billion. During the same period in the previous year, the company posted $2.89 earnings per share. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. Equities analysts expect 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. Stockholders of record on Friday, January 16th will be issued 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 3.6%. EOG Resources’s dividend payout ratio (DPR) is currently 40.64%.

Analysts Set New Price Targets

EOG has been the subject of several recent analyst reports. Roth Capital decreased their target price 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. Melius initiated coverage on shares of EOG Resources in a research note on Wednesday, August 20th. They issued a “buy” rating and a $173.00 price objective on the stock. The Goldman Sachs Group cut their target price on shares of EOG Resources from $130.00 to $125.00 and set a “neutral” rating for the company in a research note on Wednesday, October 15th. Scotiabank restated a “sector perform” rating and issued a $130.00 price target on shares of EOG Resources in a research report on Friday, September 26th. Finally, Siebert Williams Shank cut their price objective on shares of EOG Resources from $155.00 to $145.00 and set a “buy” rating for the company in a research report on Monday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and sixteen have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $140.04.

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.