Oak Associates Ltd. OH Takes Position in EOG Resources, Inc. $EOG

Oak Associates Ltd. OH acquired a new stake in EOG Resources, Inc. (NYSE:EOG) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 47,091 shares of the energy exploration company’s stock, valued at approximately $6,808,000.

Other hedge funds have also added to or reduced their stakes in the company. Concurrent Investment Advisors LLC lifted its holdings in EOG Resources by 66.4% during the 4th quarter. Concurrent Investment Advisors LLC now owns 19,745 shares of the energy exploration company’s stock valued at $2,073,000 after buying an additional 7,877 shares in the last quarter. Ilmarinen Mutual Pension Insurance Co boosted its position in EOG Resources by 39.2% in the 4th quarter. Ilmarinen Mutual Pension Insurance Co now owns 87,000 shares of the energy exploration company’s stock valued at $9,136,000 after buying an additional 24,500 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in EOG Resources by 2.2% in 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 acquiring an additional 24,984 shares in the last quarter. Cumberland Partners Ltd grew its stake 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 worth $1,625,000 after acquiring an additional 12,562 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its position in shares of EOG Resources by 8.8% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 309,888 shares of the energy exploration company’s stock worth $32,541,000 after acquiring an additional 24,960 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analyst Ratings Changes

EOG has been the subject of several research analyst reports. The Goldman Sachs Group decreased their price target on shares of EOG Resources from $139.00 to $129.00 and set a “neutral” rating for the company in a research note on Tuesday, June 30th. UBS Group reduced their price objective on EOG Resources from $168.00 to $158.00 and set a “buy” rating on the stock in a report on Thursday, July 2nd. Barclays lifted their target price 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. Wolfe Research upped their target price on EOG Resources from $152.00 to $154.00 and gave the stock an “outperform” rating in a report on Monday, April 6th. Finally, BMO Capital Markets increased their price target on EOG Resources from $140.00 to $160.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 1st. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and sixteen have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $155.32.

EOG Resources Trading Up 1.0%

NYSE:EOG opened at $145.47 on Friday. The firm has a 50-day simple moving average of $136.63 and a 200-day simple moving average of $129.79. EOG Resources, Inc. has a one year low of $101.59 and a one year high of $151.87. The firm has a market cap of $77.48 billion, a P/E ratio of 14.32 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.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.23 by $0.18. The firm had revenue of $6.92 billion for the quarter, compared to the consensus estimate of $6.18 billion. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The company’s quarterly revenue was up 22.1% on a year-over-year basis. During the same period last year, the firm earned $2.87 earnings per share. Equities analysts anticipate that EOG Resources, Inc. will post 16.19 EPS for the current fiscal year.

EOG Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be issued 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 yield of 2.8%. EOG Resources’s dividend payout ratio is currently 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.