Heartland Advisors Inc. Has $21.22 Million Holdings in EOG Resources, Inc. $EOG

Heartland Advisors Inc. cut its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 4.5% during the 1st quarter, HoldingsChannel.com reports. The fund owned 146,790 shares of the energy exploration company’s stock after selling 6,889 shares during the period. EOG Resources accounts for approximately 1.1% of Heartland Advisors Inc.’s portfolio, making the stock its 16th biggest position. Heartland Advisors Inc.’s holdings in EOG Resources were worth $21,221,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EOG. Vanguard Group Inc. raised its position in shares of EOG Resources by 0.8% during the fourth 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 period. State Street Corp lifted its holdings in shares of EOG Resources by 0.3% during the 4th 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 in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of EOG Resources by 1.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 19,988,840 shares of the energy exploration company’s stock valued at $2,099,028,000 after purchasing an additional 371,548 shares during the period. Geode Capital Management LLC grew its position in shares of EOG Resources by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 13,046,709 shares of the energy exploration company’s stock valued at $1,364,309,000 after purchasing an additional 95,260 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake in EOG Resources by 1.9% during the 4th 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 purchasing an additional 122,112 shares in the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources Trading Up 1.0%

NYSE EOG opened at $139.80 on Friday. EOG Resources, Inc. has a 52 week low of $101.59 and a 52 week high of $151.87. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.53 and a current ratio of 1.72. The stock’s 50 day moving average price is $135.91 and its two-hundred day moving average price is $128.55. The stock has a market capitalization of $74.46 billion, a price-to-earnings ratio of 13.76 and a beta of 0.25.

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

EOG Resources Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend is Friday, July 17th. This represents a $4.08 dividend on an annualized basis and a yield of 2.9%. EOG Resources’s dividend payout ratio (DPR) is 40.16%.

Analyst Upgrades and Downgrades

Several brokerages have commented on EOG. Zacks Research downgraded shares of EOG Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 27th. Citigroup reduced their price target on shares of EOG Resources from $147.00 to $141.00 and set a “neutral” rating for the company in a report on Wednesday, July 8th. Mizuho set a $157.00 price objective on shares of EOG Resources and gave the stock a “neutral” rating in a research report on Wednesday, May 27th. JPMorgan Chase & Co. dropped their price objective on shares of EOG Resources from $148.00 to $142.00 and set a “neutral” rating on the stock in a report on Tuesday, June 30th. Finally, Susquehanna boosted their price objective on shares of EOG Resources from $144.00 to $162.00 and gave the company a “positive” rating in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and sixteen have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $155.04.

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.