EOG Resources, Inc. $EOG Shares Acquired by First Trust Advisors LP

First Trust Advisors LP increased its holdings in EOG Resources, Inc. (NYSE:EOG) by 15.7% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 3,446,002 shares of the energy exploration company’s stock after purchasing an additional 468,090 shares during the quarter. First Trust Advisors LP’s holdings in EOG Resources were worth $498,189,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Franklin Resources Inc. grew its stake in shares of EOG Resources by 24.2% in the fourth quarter. Franklin Resources Inc. now owns 6,443,453 shares of the energy exploration company’s stock worth $676,627,000 after purchasing an additional 1,257,110 shares in the last quarter. Marshall Wace LLP raised its stake in shares of EOG Resources by 474.7% during the fourth quarter. Marshall Wace LLP now owns 1,318,254 shares of the energy exploration company’s stock valued at $138,430,000 after purchasing an additional 1,088,867 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of EOG Resources by 23.9% during the fourth quarter. Bank of New York Mellon Corp now owns 4,669,969 shares of the energy exploration company’s stock valued at $490,394,000 after purchasing an additional 901,897 shares in the last quarter. Qube Research & Technologies Ltd acquired a new stake in EOG Resources in the third quarter worth about $87,193,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in EOG Resources by 2,410.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 719,426 shares of the energy exploration company’s stock worth $75,547,000 after purchasing an additional 690,765 shares during the period. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Roth Capital reissued a “neutral” rating and set a $136.00 target price on shares of EOG Resources in a research note on Wednesday, May 6th. Weiss Ratings raised shares of EOG Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. Capital One Financial decreased their price objective on shares of EOG Resources from $161.00 to $159.00 and set an “overweight” rating for the company in a report on Wednesday, June 3rd. UBS Group lowered their price objective on shares of EOG Resources from $168.00 to $158.00 and set a “buy” rating on the stock in a research note on Thursday, July 2nd. Finally, BMO Capital Markets boosted their target price on EOG Resources from $140.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday, April 1st. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and sixteen have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $155.32.

EOG Resources Price Performance

NYSE:EOG opened at $143.34 on Wednesday. The business’s 50-day moving average price is $136.25 and its 200 day moving average price is $129.24. The firm has a market cap of $76.35 billion, a P/E ratio of 14.11 and a beta of 0.25. EOG Resources, Inc. has a 52-week low of $101.59 and a 52-week high of $151.87. The company has a quick ratio of 1.53, a current ratio of 1.72 and a debt-to-equity ratio of 0.26.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 EPS for the quarter, topping the consensus estimate of $3.23 by $0.18. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The firm had revenue of $6.92 billion for the quarter, compared to analysts’ expectations of $6.18 billion. During the same period in the previous year, the business earned $2.87 earnings per share. EOG Resources’s revenue for the quarter was up 22.1% compared to the same quarter last year. As a group, sell-side analysts predict that EOG Resources, Inc. will post 16.19 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Friday, July 17th. EOG Resources’s payout ratio is presently 40.16%.

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.