Vanguard Group Inc. Sells 706,842 Shares of EOG Resources, Inc. $EOG

Vanguard Group Inc. decreased its position in EOG Resources, Inc. (NYSE:EOG) by 1.3% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 53,275,012 shares of the energy exploration company’s stock after selling 706,842 shares during the period. Vanguard Group Inc. owned 0.10% of EOG Resources worth $6,372,224,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Kingsview Wealth Management LLC boosted its holdings in shares of EOG Resources by 8.8% in the 1st quarter. Kingsview Wealth Management LLC now owns 4,198 shares of the energy exploration company’s stock worth $538,000 after buying an additional 338 shares during the last quarter. Kestra Private Wealth Services LLC increased its holdings in EOG Resources by 15.9% during the first quarter. Kestra Private Wealth Services LLC now owns 13,241 shares of the energy exploration company’s stock worth $1,698,000 after buying an additional 1,816 shares during the last quarter. OneAscent Financial Services LLC raised its position in EOG Resources by 67.1% in the first quarter. OneAscent Financial Services LLC now owns 3,236 shares of the energy exploration company’s stock worth $416,000 after acquiring an additional 1,300 shares during the period. Teachers Retirement System of The State of Kentucky raised its position in EOG Resources by 3.0% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 43,346 shares of the energy exploration company’s stock worth $5,559,000 after acquiring an additional 1,245 shares during the period. Finally, Crestwood Advisors Group LLC boosted its stake in EOG Resources by 2.7% in the first quarter. Crestwood Advisors Group LLC now owns 35,917 shares of the energy exploration company’s stock valued at $4,606,000 after acquiring an additional 948 shares during the last quarter. Institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Performance

NYSE:EOG opened at $109.63 on Wednesday. The business’s fifty day moving average is $110.70 and its 200 day moving average is $115.46. The firm has a market cap of $59.49 billion, a price-to-earnings ratio of 10.65, a PEG ratio of 8.20 and a beta of 0.72. 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, Inc. has a 52-week low of $102.52 and a 52-week high of $138.18.

EOG Resources (NYSE:EOG) last issued 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 business had revenue of $5.85 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same quarter last year, the company earned $2.89 EPS. The firm’s revenue was down 2.0% compared to the same quarter last year. Research analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on EOG. Weiss Ratings reissued a “hold (c)” rating on shares of EOG Resources in a report on Wednesday, October 8th. JPMorgan Chase & Co. lowered their target price on EOG Resources from $132.00 to $131.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 1st. Barclays set a $136.00 price target on EOG Resources and gave the stock an “equal weight” rating in a research note on Tuesday, October 7th. BMO Capital Markets decreased their price objective on EOG Resources from $134.00 to $130.00 in a report on Tuesday, November 11th. Finally, Melius Research assumed coverage on EOG Resources in a research note on Wednesday, August 20th. They issued a “buy” rating and a $173.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $140.12.

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.