Sapient Capital LLC Has $17.27 Million Stock Holdings in EOG Resources, Inc. $EOG

Sapient Capital LLC trimmed its position in EOG Resources, Inc. (NYSE:EOG) by 8.4% during the first quarter, Holdings Channel reports. The institutional investor owned 119,427 shares of the energy exploration company’s stock after selling 11,008 shares during the quarter. Sapient Capital LLC’s holdings in EOG Resources were worth $17,274,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership raised its position in shares of EOG Resources by 898.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,420,839 shares of the energy exploration company’s stock worth $205,411,000 after acquiring an additional 1,278,555 shares during the last quarter. Franklin Resources Inc. boosted its holdings in EOG Resources by 24.2% in the fourth quarter. Franklin Resources Inc. now owns 6,443,453 shares of the energy exploration company’s stock valued at $676,627,000 after acquiring an additional 1,257,110 shares during the last quarter. First Trust Advisors LP increased its position in EOG Resources by 70.5% in the fourth quarter. First Trust Advisors LP now owns 2,977,912 shares of the energy exploration company’s stock worth $312,711,000 after purchasing an additional 1,231,366 shares during the period. Marshall Wace LLP increased its position in EOG Resources by 474.7% in the fourth quarter. Marshall Wace LLP now owns 1,318,254 shares of the energy exploration company’s stock worth $138,430,000 after purchasing an additional 1,088,867 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in EOG Resources by 23.9% during the 4th quarter. Bank of New York Mellon Corp now owns 4,669,969 shares of the energy exploration company’s stock worth $490,394,000 after purchasing an additional 901,897 shares during the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources Stock Performance

Shares of NYSE:EOG opened at $148.54 on Monday. The firm’s 50 day simple moving average is $136.95 and its 200 day simple moving average is $131.46. EOG Resources, Inc. has a fifty-two week low of $101.59 and a fifty-two week high of $151.87. The company has a market capitalization of $79.12 billion, a price-to-earnings ratio of 14.62 and a beta of 0.25. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.72 and a quick ratio of 1.53.

EOG Resources (NYSE:EOG) last issued 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. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The firm had revenue of $6.92 billion during the quarter, compared to analysts’ expectations of $6.18 billion. During the same quarter in the previous year, the company earned $2.87 earnings per share. The business’s revenue for the quarter was up 22.1% on a year-over-year basis. As a group, sell-side analysts forecast that EOG Resources, Inc. will post 16.16 earnings per share for the current year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Friday, July 17th were given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, July 17th. EOG Resources’s dividend payout ratio (DPR) is currently 40.16%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Williams Trading set a $177.00 target price on shares of EOG Resources in a research report on Monday, April 20th. Roth Capital reiterated a “neutral” rating and set a $136.00 price target on shares of EOG Resources in a research report on Wednesday, May 6th. Capital One Financial dropped their price target on shares of EOG Resources from $161.00 to $159.00 and set an “overweight” rating for the company in a research note on Wednesday, June 3rd. Weiss Ratings upgraded shares of EOG Resources from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, May 13th. Finally, DA Davidson raised their price objective on shares of EOG Resources from $148.00 to $153.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. One 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. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $155.32.

About EOG Resources

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.