Schroder Investment Management Group Buys 83,670 Shares of EOG Resources, Inc. $EOG

Schroder Investment Management Group lifted its stake in EOG Resources, Inc. (NYSE:EOG) by 6.9% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,298,486 shares of the energy exploration company’s stock after purchasing an additional 83,670 shares during the quarter. Schroder Investment Management Group’s holdings in EOG Resources were worth $155,312,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of EOG. Vanguard Group Inc. lifted its position in EOG Resources by 0.7% in the first quarter. Vanguard Group Inc. now owns 53,981,854 shares of the energy exploration company’s stock worth $6,922,633,000 after buying an additional 348,895 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of EOG Resources by 6.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 19,380,866 shares of the energy exploration company’s stock worth $2,485,402,000 after acquiring an additional 1,188,552 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of EOG Resources by 6.3% in the 1st quarter. Northern Trust Corp now owns 6,077,928 shares of the energy exploration company’s stock worth $779,433,000 after acquiring an additional 358,916 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of EOG Resources by 3.9% during the 1st quarter. Alliancebernstein L.P. now owns 5,909,297 shares of the energy exploration company’s stock worth $757,808,000 after purchasing an additional 223,294 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in EOG Resources by 0.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,911,741 shares of the energy exploration company’s stock valued at $629,789,000 after purchasing an additional 36,777 shares during the last quarter. Institutional investors own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on EOG. Jefferies Financial Group set a $145.00 price objective on shares of EOG Resources in a research note on Sunday, October 12th. Melius assumed coverage on EOG Resources in a research note on Wednesday, August 20th. They set a “buy” rating and a $173.00 price target for the company. Siebert Williams Shank cut their price objective on EOG Resources from $155.00 to $145.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. 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 report on Wednesday, October 15th. Finally, Royal Bank Of Canada upped their price target on shares of EOG Resources from $140.00 to $145.00 and gave the stock an “outperform” rating in a report on Tuesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and sixteen have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $140.33.

EOG Resources Trading Up 1.3%

Shares of NYSE EOG opened at $107.58 on Friday. EOG Resources, Inc. has a twelve month low of $102.52 and a twelve month high of $138.18. The company has a quick ratio of 1.61, a current ratio of 1.79 and a debt-to-equity ratio of 0.12. The business has a fifty day simple moving average of $108.74 and a two-hundred day simple moving average of $115.18. The firm 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.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results 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 analyst estimates of $5.48 billion. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.The business’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.89 earnings per share. Analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Shareholders 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 yield of 3.8%. EOG Resources’s dividend payout ratio (DPR) is 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.