EOG Resources, Inc. (NYSE:EOG) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its holdings in EOG Resources, Inc. (NYSE:EOG) by 0.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,911,741 shares of the energy exploration company’s stock after buying an additional 36,777 shares during the quarter. Dimensional Fund Advisors LP owned about 0.90% of EOG Resources worth $629,789,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in EOG Resources by 0.7% during the first quarter. Vanguard Group Inc. now owns 53,981,854 shares of the energy exploration company’s stock worth $6,922,633,000 after purchasing an additional 348,895 shares during the last quarter. Capital World Investors grew its position in shares of EOG Resources by 5.2% in the fourth quarter. Capital World Investors now owns 45,919,327 shares of the energy exploration company’s stock valued at $5,628,497,000 after purchasing an additional 2,270,013 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of EOG Resources by 6.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 19,380,866 shares of the energy exploration company’s stock valued at $2,485,402,000 after purchasing an additional 1,188,552 shares during the period. Northern Trust Corp grew its position in shares of EOG Resources by 2.9% in the fourth quarter. Northern Trust Corp now owns 5,719,012 shares of the energy exploration company’s stock valued at $701,036,000 after purchasing an additional 159,216 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its position in shares of EOG Resources by 1.1% in the first quarter. Massachusetts Financial Services Co. MA now owns 5,530,260 shares of the energy exploration company’s stock valued at $709,201,000 after purchasing an additional 60,454 shares during the period. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources Trading Up 0.4%

Shares of EOG opened at $119.90 on Friday. The stock’s 50-day moving average is $120.19 and its two-hundred day moving average is $119.56. The stock has a market cap of $65.46 billion, a PE ratio of 11.65, a P/E/G ratio of 9.19 and a beta of 0.80. EOG Resources, Inc. has a 12 month low of $102.52 and a 12 month high of $138.18. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.79 and a quick ratio of 1.61.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, August 7th. The energy exploration company reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $2.14 by $0.18. The company had revenue of $5.48 billion for the quarter, compared to analysts’ expectations of $5.45 billion. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%. The firm’s quarterly revenue was down 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.16 earnings per share. Equities analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 17th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 3.4%. This is a positive change from EOG Resources’s previous quarterly dividend of $0.98. The ex-dividend date is Friday, October 17th. EOG Resources’s payout ratio is presently 37.90%.

Insider Activity at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 3,951 shares of the business’s stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $119.65, for a total value of $472,737.15. Following the transaction, the chief operating officer owned 45,739 shares in the company, valued at approximately $5,472,671.35. The trade was a 7.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

EOG has been the subject of a number of recent analyst reports. Mizuho lowered their price objective on EOG Resources from $140.00 to $134.00 and set a “neutral” rating for the company in a research report on Tuesday, May 13th. Barclays boosted their price target on EOG Resources from $137.00 to $140.00 and gave the company an “equal weight” rating in a research report on Monday, June 2nd. Susquehanna boosted their price target on EOG Resources from $156.00 to $170.00 and gave the company a “positive” rating in a research report on Wednesday, July 23rd. Roth Capital downgraded EOG Resources from a “buy” rating to a “neutral” rating and lowered their price target for the company from $140.00 to $134.00 in a research report on Wednesday, July 9th. Finally, KeyCorp lowered their price target on EOG Resources from $150.00 to $140.00 and set an “overweight” rating for the company in a research report on Monday, April 21st. Twelve analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $140.71.

EOG Resources Profile

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.