Charles Schwab Investment Management Inc. Has $2.30 Billion Holdings in EOG Resources, Inc. $EOG

Charles Schwab Investment Management Inc. lessened its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 0.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,264,502 shares of the energy exploration company’s stock after selling 116,364 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in EOG Resources were worth $2,304,227,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Banque Cantonale Vaudoise acquired a new stake in EOG Resources in the 1st quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd raised its position in shares of EOG Resources by 10,950.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company’s stock valued at $26,000 after purchasing an additional 219 shares during the period. Saudi Central Bank acquired a new stake in shares of EOG Resources in the first quarter worth $28,000. Raleigh Capital Management Inc. bought a new stake in shares of EOG Resources during the 2nd quarter worth $29,000. Finally, ORG Partners LLC grew its stake in EOG Resources by 45.1% in the 2nd quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock valued at $34,000 after buying an additional 88 shares during the last quarter. 89.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

EOG has been the topic of several recent analyst reports. Melius began coverage on shares of EOG Resources in a report on Wednesday, August 20th. They issued a “buy” rating and a $173.00 target price on the stock. BMO Capital Markets dropped their price objective on EOG Resources from $134.00 to $130.00 in a research note on Tuesday, November 11th. Mizuho decreased their target price on EOG Resources from $140.00 to $133.00 and set a “neutral” rating for the company in a research note on Monday, September 15th. JPMorgan Chase & Co. lowered their target price on EOG Resources from $132.00 to $131.00 and set a “neutral” rating on the stock in a report on Wednesday, October 1st. Finally, Jefferies Financial Group set a $145.00 price target on EOG Resources in a report on Sunday, October 12th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and sixteen have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $140.33.

EOG Resources Trading Up 0.9%

Shares of EOG opened at $106.98 on Friday. The stock’s 50-day moving average price is $109.93 and its 200 day moving average price is $115.37. The company has a quick ratio of 1.61, a current ratio of 1.79 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $58.05 billion, a price-to-earnings ratio of 10.40, a P/E/G ratio of 8.20 and a beta of 0.72. EOG Resources, Inc. has a 12-month low of $102.52 and a 12-month high of $138.18.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, November 6th. The energy exploration company reported $2.71 EPS for the quarter, topping analysts’ consensus estimates of $2.42 by $0.29. The company had revenue of $5.85 billion during the quarter, compared to the consensus estimate of $5.48 billion. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.The company’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter last year, the company earned $2.89 EPS. As a group, research analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 16th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Friday, January 16th. EOG Resources’s payout ratio is 40.64%.

EOG Resources Company Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.