Quantinno Capital Management LP Grows Position in EOG Resources, Inc. $EOG

Quantinno Capital Management LP increased its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 68.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 245,701 shares of the energy exploration company’s stock after buying an additional 99,851 shares during the quarter. Quantinno Capital Management LP’s holdings in EOG Resources were worth $35,521,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in EOG. SJS Investment Consulting Inc. grew its stake in EOG Resources by 225.5% during the 1st quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock valued at $26,000 after purchasing an additional 124 shares during the last quarter. Financial Life Planners acquired a new position in shares of EOG Resources in the first quarter valued at about $30,000. Acumen Wealth Advisors LLC purchased a new position in shares of EOG Resources in the fourth quarter worth about $25,000. Prosperity Bancshares Inc purchased a new position in shares of EOG Resources in the fourth quarter worth about $26,000. Finally, Global Assets Advisory LLC acquired a new stake in shares of EOG Resources during the first quarter worth about $37,000. 89.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on EOG shares. UBS Group dropped their target price on EOG Resources from $168.00 to $158.00 and set a “buy” rating on the stock in a research report on Thursday, July 2nd. Susquehanna restated a “positive” rating and set a $170.00 price objective (up from $166.00) on shares of EOG Resources in a research note on Tuesday, July 21st. DA Davidson upped their price objective on shares of EOG Resources from $148.00 to $153.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Citigroup cut their price objective on shares of EOG Resources from $147.00 to $141.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 8th. Finally, Morgan Stanley reduced their target price on shares of EOG Resources from $160.00 to $156.00 and set an “equal weight” rating for the company in a report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and sixteen have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $155.32.

EOG Resources Stock Performance

Shares of NYSE EOG opened at $145.56 on Friday. The company has a market capitalization of $77.53 billion, a PE ratio of 14.33 and a beta of 0.25. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.53 and a current ratio of 1.72. The company’s fifty day moving average price is $136.81 and its 200 day moving average price is $131.15. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year high of $151.87.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share for the quarter, beating analysts’ consensus estimates of $3.23 by $0.18. The company had revenue of $6.92 billion during the quarter, compared to analysts’ expectations of $6.18 billion. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The firm’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.87 earnings per share. On average, research analysts predict that EOG Resources, Inc. will post 16.16 earnings per share for the current year.

EOG Resources Dividend Announcement

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

About EOG Resources

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.