SCP Investment LP Takes $455,000 Position in EOG Resources, Inc. $EOG

SCP Investment LP purchased a new position in shares of EOG Resources, Inc. (NYSE:EOG) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 3,800 shares of the energy exploration company’s stock, valued at approximately $455,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Quadrant Capital Group LLC increased its position in shares of EOG Resources by 27.6% in the second quarter. Quadrant Capital Group LLC now owns 16,324 shares of the energy exploration company’s stock valued at $1,953,000 after acquiring an additional 3,530 shares during the period. Vinva Investment Management Ltd grew its stake in shares of EOG Resources by 57.9% in the second quarter. Vinva Investment Management Ltd now owns 78,102 shares of the energy exploration company’s stock worth $9,435,000 after purchasing an additional 28,625 shares during the last quarter. Choreo LLC increased its holdings in EOG Resources by 41.6% during the 2nd quarter. Choreo LLC now owns 15,388 shares of the energy exploration company’s stock valued at $1,841,000 after purchasing an additional 4,522 shares during the period. Russell Investments Group Ltd. raised its position in EOG Resources by 3.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 690,328 shares of the energy exploration company’s stock valued at $82,597,000 after purchasing an additional 25,078 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its holdings in EOG Resources by 0.3% in the 2nd quarter. Advisors Asset Management Inc. now owns 29,892 shares of the energy exploration company’s stock worth $3,575,000 after buying an additional 104 shares during the period. Institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Performance

Shares of EOG stock opened at $106.27 on Thursday. The company’s fifty day moving average price is $109.14 and its 200-day moving average price is $115.30. The stock has a market cap of $57.66 billion, a PE ratio of 10.33, a price-to-earnings-growth ratio of 8.20 and a beta of 0.72. The company has a current ratio of 1.79, a quick ratio of 1.61 and a debt-to-equity ratio of 0.12. EOG Resources, Inc. has a 12 month low of $102.52 and a 12 month high of $138.18.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.42 by $0.29. The company had revenue of $5.85 billion during the quarter, compared to analysts’ expectations of $5.48 billion. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. EOG Resources’s revenue was down 2.0% on a year-over-year basis. During the same period last year, the company posted $2.89 EPS. On average, equities analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 16th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, January 16th. This represents a $4.08 annualized dividend and a dividend yield of 3.8%. EOG Resources’s dividend payout ratio (DPR) is 40.64%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Barclays set a $136.00 target price on EOG Resources and gave the company an “equal weight” rating in a research note on Tuesday, October 7th. Evercore ISI boosted their price objective on shares of EOG Resources from $141.00 to $149.00 and gave the company an “outperform” rating in a research report on Monday, October 6th. The Goldman Sachs Group decreased their price objective on shares of EOG Resources from $130.00 to $125.00 and set a “neutral” rating for the company in a report on Wednesday, October 15th. Scotiabank reaffirmed a “sector perform” rating and issued a $130.00 target price on shares of EOG Resources in a research report on Friday, September 26th. Finally, Wells Fargo & Company reduced their price target on shares of EOG Resources from $127.00 to $126.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 11th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and sixteen have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $140.33.

EOG Resources Company 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.