EOG Resources, Inc. $EOG Shares Bought by Blair William & Co. IL

Blair William & Co. IL lifted its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 4.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 108,901 shares of the energy exploration company’s stock after acquiring an additional 4,827 shares during the quarter. Blair William & Co. IL’s holdings in EOG Resources were worth $12,210,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of EOG. Sivia Capital Partners LLC purchased a new stake in EOG Resources during the 2nd quarter worth approximately $258,000. Vestmark Advisory Solutions Inc. boosted its stake in shares of EOG Resources by 54.3% during the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 3,096 shares of the energy exploration company’s stock valued at $370,000 after buying an additional 1,089 shares during the last quarter. Wedbush Securities Inc. grew its position in shares of EOG Resources by 11.3% during the second quarter. Wedbush Securities Inc. now owns 13,409 shares of the energy exploration company’s stock worth $1,604,000 after buying an additional 1,366 shares in the last quarter. Penserra Capital Management LLC grew its position in shares of EOG Resources by 45.0% during the second quarter. Penserra Capital Management LLC now owns 3,713 shares of the energy exploration company’s stock worth $443,000 after buying an additional 1,152 shares in the last quarter. Finally, Metis Global Partners LLC increased its stake in shares of EOG Resources by 0.4% in the second quarter. Metis Global Partners LLC now owns 29,830 shares of the energy exploration company’s stock worth $3,568,000 after buying an additional 127 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 2,000 shares of EOG Resources stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $130.00, for a total value of $260,000.00. Following the completion of the transaction, the chief operating officer directly owned 88,045 shares in the company, valued at $11,445,850. The trade was a 2.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold a total of 7,774 shares of company stock worth $945,895 in the last quarter. 0.13% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently issued reports on EOG. Scotiabank set a $123.00 price target on shares of EOG Resources and gave the company a “sector perform” rating in a report on Friday, January 16th. Morgan Stanley set a $128.00 price objective on shares of EOG Resources and gave the stock an “equal weight” rating in a report on Friday, January 23rd. Citigroup reissued a “neutral” rating and issued a $115.00 target price (down from $125.00) on shares of EOG Resources in a research report on Wednesday, December 17th. KeyCorp lowered shares of EOG Resources from an “overweight” rating to a “sector weight” rating in a research note on Friday, January 16th. Finally, Mizuho set a $134.00 price target on shares of EOG Resources and gave the stock a “neutral” rating in a research report on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seventeen have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $135.31.

EOG Resources Stock Performance

EOG Resources stock opened at $131.74 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.63 and a quick ratio of 1.42. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $134.00. The company has a fifty day moving average price of $113.78 and a two-hundred day moving average price of $112.08. The company has a market cap of $70.68 billion, a PE ratio of 14.46 and a beta of 0.44.

EOG Resources (NYSE:EOG) last issued its earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $0.07. EOG Resources had a net margin of 22.00% and a return on equity of 18.67%. The company had revenue of $5.64 billion for the quarter, compared to analysts’ expectations of $5.36 billion. During the same period in the prior year, the company earned $2.74 earnings per share. The firm’s revenue was up .9% compared to the same quarter last year. Research analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 16th will be paid a dividend of $1.02 per share. The ex-dividend date is Thursday, April 16th. This represents a $4.08 annualized dividend and a yield of 3.1%. EOG Resources’s dividend payout ratio is 44.79%.

EOG Resources Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.