EOG Resources, Inc. $EOG Stake Lessened by Primecap Management Co. CA

Primecap Management Co. CA lessened its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 0.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,522,462 shares of the energy exploration company’s stock after selling 20,600 shares during the quarter. Primecap Management Co. CA owned about 0.46% of EOG Resources worth $301,712,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Nuveen LLC acquired a new position in shares of EOG Resources during the 1st quarter valued at $451,908,000. Charles Schwab Investment Management Inc. boosted its stake in EOG Resources by 6.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 19,380,866 shares of the energy exploration company’s stock valued at $2,485,402,000 after buying an additional 1,188,552 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in EOG Resources during the first quarter worth about $81,752,000. LSV Asset Management grew its holdings in EOG Resources by 290.5% during the first quarter. LSV Asset Management now owns 687,446 shares of the energy exploration company’s stock worth $88,158,000 after acquiring an additional 511,418 shares during the period. Finally, Jupiter Asset Management Ltd. lifted its holdings in EOG Resources by 122.6% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 907,231 shares of the energy exploration company’s stock valued at $108,514,000 after acquiring an additional 499,610 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Trading Up 0.1%

NYSE EOG opened at $109.63 on Wednesday. The firm’s 50 day moving average price is $110.70 and its two-hundred day moving average price is $115.46. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.61 and a current ratio of 1.79. EOG Resources, Inc. has a twelve month low of $102.52 and a twelve month high of $138.18. The stock has a market cap of $59.49 billion, a price-to-earnings ratio of 10.65, a PEG ratio of 8.20 and a beta of 0.72.

EOG Resources (NYSE:EOG) last issued its earnings results on Thursday, November 6th. The energy exploration company reported $2.71 EPS for the quarter, topping the consensus estimate of $2.42 by $0.29. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.The business had revenue of $5.85 billion during the quarter, compared to analysts’ expectations of $5.48 billion. During the same quarter last year, the firm posted $2.89 earnings per share. EOG Resources’s revenue was down 2.0% compared to the same quarter last year. Equities analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 16th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Friday, January 16th. EOG Resources’s payout ratio is 40.64%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on EOG shares. Siebert Williams Shank lowered their price objective on shares of EOG Resources from $155.00 to $145.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. KeyCorp decreased their price target on shares of EOG Resources from $140.00 to $138.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 3rd. Argus cut EOG Resources from a “buy” rating to a “hold” rating in a report on Monday, August 25th. Melius initiated coverage on EOG Resources in a research note on Wednesday, August 20th. They set a “buy” rating and a $173.00 price objective for the company. Finally, Evercore ISI lifted their target price on EOG Resources from $141.00 to $149.00 and gave the stock an “outperform” rating in a report on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have given a Hold rating to the company. According to MarketBeat, EOG Resources currently has a consensus rating of “Hold” and an average price target of $140.12.

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.