WINTON GROUP Ltd Decreases Stock Holdings in EOG Resources, Inc. $EOG

WINTON GROUP Ltd cut its position in shares of EOG Resources, Inc. (NYSE:EOG) by 24.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,833 shares of the energy exploration company’s stock after selling 5,695 shares during the period. WINTON GROUP Ltd’s holdings in EOG Resources were worth $2,133,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Saudi Central Bank acquired a new stake in shares of EOG Resources in the first quarter valued at $28,000. Caitong International Asset Management Co. Ltd grew its position in EOG Resources by 10,950.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company’s stock worth $26,000 after purchasing an additional 219 shares during the last quarter. Raleigh Capital Management Inc. acquired a new position in EOG Resources in the 2nd quarter valued at $29,000. WPG Advisers LLC purchased a new stake in shares of EOG Resources in the first quarter valued at approximately $36,000. Finally, ORG Partners LLC raised its position in EOG Resources by 45.1% during the second quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock worth $34,000 after acquiring an additional 88 shares during the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on EOG. Melius assumed coverage on EOG Resources in a report on Wednesday, August 20th. They issued a “buy” rating and a $173.00 price target for the company. Wells Fargo & Company dropped their price objective on EOG Resources from $127.00 to $126.00 and set an “overweight” rating for the company in a report on Tuesday, November 11th. Raymond James Financial reiterated a “strong-buy” rating and issued a $153.00 target price on shares of EOG Resources in a report on Wednesday, December 3rd. Barclays set a $136.00 price target on EOG Resources and gave the stock an “equal weight” rating in a research note on Tuesday, October 7th. Finally, UBS Group lifted their price objective on EOG Resources from $142.00 to $144.00 and gave the company a “buy” rating in a research note on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seventeen have assigned a Hold rating to the company. Based on data from MarketBeat.com, EOG Resources has an average rating of “Hold” and an average price target of $139.50.

EOG Resources Price Performance

Shares of NYSE EOG opened at $109.30 on Wednesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.62 and a quick ratio of 1.43. The firm has a market capitalization of $59.31 billion, a PE ratio of 10.89, a P/E/G ratio of 8.35 and a beta of 0.49. EOG Resources, Inc. has a 1-year low of $102.52 and a 1-year high of $138.18. The business’s fifty day moving average price is $108.07 and its two-hundred day moving average price is $115.06.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Thursday, November 6th. The energy exploration company reported $2.71 EPS for the quarter, beating analysts’ consensus estimates of $2.42 by $0.29. The business had revenue of $5.85 billion for the quarter, compared to analyst estimates of $5.48 billion. EOG Resources had a net margin of 24.49% and a return on equity of 19.80%. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter last year, the business earned $2.89 earnings per share. On average, research analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Dividend Announcement

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

About EOG Resources

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.