EOG Resources, Inc. $EOG Shares Sold by NewEdge Advisors LLC

NewEdge Advisors LLC cut its holdings in EOG Resources, Inc. (NYSE:EOG) by 10.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 52,048 shares of the energy exploration company’s stock after selling 6,133 shares during the quarter. NewEdge Advisors LLC’s holdings in EOG Resources were worth $7,525,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of EOG Resources by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 53,815,556 shares of the energy exploration company’s stock worth $5,651,172,000 after purchasing an additional 446,341 shares during the last quarter. State Street Corp lifted its stake in EOG Resources by 0.3% during the fourth quarter. State Street Corp now owns 30,562,470 shares of the energy exploration company’s stock valued at $3,209,365,000 after purchasing an additional 100,080 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in EOG Resources by 1.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 19,988,840 shares of the energy exploration company’s stock worth $2,099,028,000 after buying an additional 371,548 shares in the last quarter. Geode Capital Management LLC grew its position in EOG Resources by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 13,046,709 shares of the energy exploration company’s stock worth $1,364,309,000 after buying an additional 95,260 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in EOG Resources by 1.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,507,760 shares of the energy exploration company’s stock worth $683,382,000 after buying an additional 122,112 shares during the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on EOG. Barclays increased their price objective on EOG Resources from $140.00 to $153.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 26th. Morgan Stanley decreased their target price on EOG Resources from $160.00 to $156.00 and set an “equal weight” rating on the stock in a report on Friday, June 26th. Jefferies Financial Group reaffirmed a “buy” rating and set a $175.00 target price (up from $170.00) on shares of EOG Resources in a research report on Thursday, July 2nd. Capital One Financial reduced their target price on EOG Resources from $161.00 to $159.00 and set an “overweight” rating for the company in a report on Wednesday, June 3rd. Finally, Roth Capital reissued a “neutral” rating and issued a $138.00 price target on shares of EOG Resources in a research note on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seventeen have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $156.32.

EOG Resources Trading Up 5.4%

EOG Resources stock opened at $142.05 on Tuesday. The company’s fifty day simple moving average is $137.34 and its 200-day simple moving average is $132.81. The company has a quick ratio of 1.68, a current ratio of 1.85 and a debt-to-equity ratio of 0.25. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $151.87. The stock has a market cap of $74.51 billion, a P/E ratio of 11.05 and a beta of 0.25.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.97 by $0.10. The business had revenue of $8.62 billion during the quarter, compared to analyst estimates of $8.04 billion. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%.EOG Resources’s quarterly revenue was up 57.4% compared to the same quarter last year. During the same period last year, the company earned $2.32 earnings per share. As a group, sell-side analysts forecast that EOG Resources, Inc. will post 16.53 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be given a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Friday, October 16th. EOG Resources’s dividend payout ratio is presently 31.75%.

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.