Guardian Capital LP Increases Holdings in EOG Resources, Inc. $EOG

Guardian Capital LP boosted its stake in EOG Resources, Inc. (NYSE:EOG) by 7.7% in the 3rd quarter, Holdings Channel reports. The firm owned 57,850 shares of the energy exploration company’s stock after buying an additional 4,112 shares during the quarter. Guardian Capital LP’s holdings in EOG Resources were worth $6,486,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Aptus Capital Advisors LLC raised its holdings in shares of EOG Resources by 3.3% during the 3rd quarter. Aptus Capital Advisors LLC now owns 42,162 shares of the energy exploration company’s stock valued at $4,727,000 after buying an additional 1,341 shares during the period. Pitcairn Co. boosted its holdings in EOG Resources by 12.4% in the 3rd quarter. Pitcairn Co. now owns 20,467 shares of the energy exploration company’s stock worth $2,295,000 after acquiring an additional 2,260 shares during the period. Orion Porfolio Solutions LLC boosted its holdings in EOG Resources by 3.7% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 32,624 shares of the energy exploration company’s stock worth $3,658,000 after acquiring an additional 1,177 shares during the period. Stonebridge Capital Advisors LLC grew its position in EOG Resources by 2.6% in the third quarter. Stonebridge Capital Advisors LLC now owns 13,131 shares of the energy exploration company’s stock valued at $1,472,000 after acquiring an additional 329 shares in the last quarter. Finally, Advisory Alpha LLC lifted its position in shares of EOG Resources by 4.0% during the third quarter. Advisory Alpha LLC now owns 4,174 shares of the energy exploration company’s stock worth $461,000 after purchasing an additional 159 shares in the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

EOG Resources Trading Up 0.5%

EOG opened at $131.74 on Friday. EOG Resources, Inc. has a 12-month low of $101.59 and a 12-month high of $134.00. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.63 and a quick ratio of 1.42. The stock has a market capitalization of $70.68 billion, a PE ratio of 14.46 and a beta of 0.44. The firm’s fifty day moving average price is $113.78 and its 200 day moving average price is $112.16.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.07. The company had revenue of $5.64 billion during the quarter, compared to analyst estimates of $5.36 billion. EOG Resources had a net margin of 22.00% and a return on equity of 18.67%. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period last year, the business earned $2.74 EPS. As a group, research analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 16th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Thursday, April 16th. EOG Resources’s dividend payout ratio (DPR) is 44.79%.

Insider Buying and Selling

In related news, COO Jeffrey R. Leitzell sold 2,000 shares of the business’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $125.00, for a total value of $250,000.00. Following the completion of the sale, the chief operating officer directly owned 61,481 shares of the company’s stock, valued at $7,685,125. The trade was a 3.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders sold 7,774 shares of company stock valued at $945,895 in the last three months. 0.13% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on EOG shares. KeyCorp lowered shares of EOG Resources from an “overweight” rating to a “sector weight” rating in a report on Friday, January 16th. Raymond James Financial upped their price objective on shares of EOG Resources from $153.00 to $157.00 and gave the company a “strong-buy” rating in a research report on Friday, February 13th. Mizuho set a $134.00 target price on EOG Resources and gave the company a “neutral” rating in a research note on Friday, December 12th. Zacks Research raised EOG Resources from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd. Finally, BMO Capital Markets boosted their price target on EOG Resources from $120.00 to $140.00 and gave the stock an “outperform” rating in a research note on Tuesday. One 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’s stock. Based on data from MarketBeat, EOG Resources currently has a consensus rating of “Hold” and a consensus price target of $135.31.

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.