Schroder Investment Management Group Increases Stock Holdings in EOG Resources, Inc. $EOG

Schroder Investment Management Group boosted its stake in EOG Resources, Inc. (NYSE:EOG) by 10.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,438,129 shares of the energy exploration company’s stock after buying an additional 139,643 shares during the quarter. Schroder Investment Management Group’s holdings in EOG Resources were worth $163,012,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of EOG. Hemington Wealth Management grew its stake in shares of EOG Resources by 7.2% in the 3rd quarter. Hemington Wealth Management now owns 1,383 shares of the energy exploration company’s stock worth $155,000 after acquiring an additional 93 shares in the last quarter. apricus wealth LLC raised its holdings in shares of EOG Resources by 5.0% in the third quarter. apricus wealth LLC now owns 2,002 shares of the energy exploration company’s stock valued at $224,000 after purchasing an additional 95 shares during the last quarter. Sowell Financial Services LLC lifted its position in shares of EOG Resources by 1.6% during the third quarter. Sowell Financial Services LLC now owns 6,234 shares of the energy exploration company’s stock valued at $699,000 after purchasing an additional 96 shares in the last quarter. Hardy Reed LLC lifted its position in shares of EOG Resources by 4.5% during the third quarter. Hardy Reed LLC now owns 2,267 shares of the energy exploration company’s stock valued at $254,000 after purchasing an additional 97 shares in the last quarter. Finally, RKL Wealth Management LLC boosted its holdings in EOG Resources by 0.5% during the third quarter. RKL Wealth Management LLC now owns 21,235 shares of the energy exploration company’s stock worth $2,381,000 after purchasing an additional 98 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors.

Insider Transactions at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 2,000 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $130.00, for a total transaction of $260,000.00. Following the completion of the transaction, the chief operating officer directly owned 88,045 shares in the company, valued at $11,445,850. The trade was a 2.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 7,774 shares of company stock worth $945,895 over the last three months. 0.13% of the stock is currently owned by company insiders.

EOG Resources Trading Up 0.0%

Shares of EOG opened at $131.48 on Tuesday. The business’s 50-day moving average price is $114.32 and its 200-day moving average price is $112.17. EOG Resources, Inc. has a twelve month low of $101.59 and a twelve month high of $134.36. The stock has a market cap of $70.54 billion, a PE ratio of 14.43 and a beta of 0.44. The company has a quick ratio of 1.42, a current ratio of 1.63 and a debt-to-equity ratio of 0.27.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Tuesday, February 24th. The energy exploration company reported $2.27 EPS for the quarter, beating analysts’ consensus estimates 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%. EOG Resources’s revenue was up .9% compared to the same quarter last year. During the same period last year, the business earned $2.74 earnings per share. On average, equities analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on EOG. BMO Capital Markets upped their price objective on shares of EOG Resources from $120.00 to $140.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 3rd. Jefferies Financial Group boosted their target price on shares of EOG Resources from $140.00 to $146.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Mizuho set a $134.00 target price on shares of EOG Resources and gave the company a “neutral” rating in a research report on Friday, December 12th. Citigroup restated a “neutral” rating and set a $115.00 price target (down from $125.00) on shares of EOG Resources in a research note on Wednesday, December 17th. Finally, Royal Bank Of Canada set a $138.00 price target on shares of EOG Resources and gave the stock an “outperform” rating in a report on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seventeen have issued a Hold rating to the stock. Based on data from MarketBeat.com, EOG Resources presently has a consensus rating of “Hold” and an average target price of $135.77.

EOG Resources 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.