Epoch Investment Partners Inc. Has $68.15 Million Holdings in EOG Resources, Inc. $EOG

Epoch Investment Partners Inc. cut its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 1.5% during the first quarter, Holdings Channel reports. The fund owned 471,398 shares of the energy exploration company’s stock after selling 7,240 shares during the period. Epoch Investment Partners Inc.’s holdings in EOG Resources were worth $68,150,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Concurrent Investment Advisors LLC increased its holdings in shares of EOG Resources by 66.4% in the fourth quarter. Concurrent Investment Advisors LLC now owns 19,745 shares of the energy exploration company’s stock valued at $2,073,000 after purchasing an additional 7,877 shares in the last quarter. Ilmarinen Mutual Pension Insurance Co lifted its holdings in EOG Resources by 39.2% during the 4th quarter. Ilmarinen Mutual Pension Insurance Co now owns 87,000 shares of the energy exploration company’s stock worth $9,136,000 after buying an additional 24,500 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in EOG Resources by 2.2% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,150,840 shares of the energy exploration company’s stock worth $123,451,000 after buying an additional 24,984 shares in the last quarter. Cumberland Partners Ltd boosted its position in EOG Resources by 432.0% in the 4th quarter. Cumberland Partners Ltd now owns 15,470 shares of the energy exploration company’s stock valued at $1,625,000 after buying an additional 12,562 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its stake in shares of EOG Resources by 8.8% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 309,888 shares of the energy exploration company’s stock valued at $32,541,000 after buying an additional 24,960 shares during the period. 89.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EOG has been the subject of a number of recent research reports. UBS Group dropped their target price on EOG Resources from $168.00 to $158.00 and set a “buy” rating for the company in a research report on Thursday, July 2nd. Wall Street Zen upgraded EOG Resources from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Capital One Financial dropped their price objective on EOG Resources from $161.00 to $159.00 and set an “overweight” rating for the company in a report on Wednesday, June 3rd. Roth Capital reaffirmed a “neutral” rating and issued a $136.00 target price on shares of EOG Resources in a research note on Wednesday, May 6th. Finally, Morgan Stanley lowered their price target on shares of EOG Resources from $160.00 to $156.00 and set an “equal weight” rating for the company in a research 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 issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $155.32.

EOG Resources Trading Up 0.8%

NYSE EOG opened at $146.62 on Friday. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $151.87. The stock has a 50-day simple moving average of $136.76 and a 200 day simple moving average of $129.90. The company has a current ratio of 1.72, a quick ratio of 1.53 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $78.09 billion, a PE ratio of 14.43 and a beta of 0.25.

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

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be given 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 dividend payout ratio (DPR) is currently 40.16%.

EOG Resources Company 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.