Grantham Mayo Van Otterloo & Co. LLC Has $25.10 Million Stake in EOG Resources, Inc. $EOG

Grantham Mayo Van Otterloo & Co. LLC reduced its stake in EOG Resources, Inc. (NYSE:EOG) by 9.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 209,817 shares of the energy exploration company’s stock after selling 22,638 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in EOG Resources were worth $25,096,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in EOG. State Board of Administration of Florida Retirement System raised its stake in shares of EOG Resources by 1.2% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 562,855 shares of the energy exploration company’s stock valued at $67,323,000 after purchasing an additional 6,940 shares during the period. Elevation Point Wealth Partners LLC grew its holdings in shares of EOG Resources by 37.9% during the second quarter. Elevation Point Wealth Partners LLC now owns 11,202 shares of the energy exploration company’s stock worth $1,340,000 after buying an additional 3,076 shares in the last quarter. SCP Investment LP acquired a new stake in EOG Resources in the 2nd quarter valued at approximately $455,000. Quadrant Capital Group LLC lifted its stake in EOG Resources by 27.6% in the 2nd quarter. Quadrant Capital Group LLC now owns 16,324 shares of the energy exploration company’s stock valued at $1,953,000 after acquiring an additional 3,530 shares in the last quarter. Finally, Vinva Investment Management Ltd lifted its stake in EOG Resources by 57.9% in the 2nd quarter. Vinva Investment Management Ltd now owns 78,102 shares of the energy exploration company’s stock valued at $9,435,000 after acquiring an additional 28,625 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Up 1.3%

EOG opened at $107.58 on Friday. The stock’s fifty day simple moving average is $108.74 and its 200 day simple moving average is $115.19. EOG Resources, Inc. has a 1-year low of $102.52 and a 1-year high of $138.18. The stock has a market cap of $58.37 billion, a PE ratio of 10.45, a price-to-earnings-growth 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 (NYSE:EOG) last released its quarterly earnings data on Thursday, November 6th. The energy exploration company reported $2.71 EPS for the quarter, beating the consensus estimate 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 net margin of 25.25% and a return on equity of 20.51%. The company’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.89 earnings per share. As a group, research analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on EOG shares. Morgan Stanley lifted their price objective on shares of EOG Resources from $136.00 to $138.00 and gave the company an “equal weight” rating in a report on Thursday, November 20th. Jefferies Financial Group set a $145.00 price target on shares of EOG Resources in a research report on Sunday, October 12th. Argus downgraded shares of EOG Resources from a “buy” rating to a “hold” rating in a research note on Monday, August 25th. BMO Capital Markets lowered their target price on EOG Resources from $134.00 to $130.00 in a research report on Tuesday, November 11th. Finally, Melius started coverage on EOG Resources in a research report on Wednesday, August 20th. They set a “buy” rating and a $173.00 price target for the company. One 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. According to data from MarketBeat, EOG Resources has an average rating of “Hold” and a consensus price target of $140.33.

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.