Rockland Trust Co. grew its position in shares of EOG Resources, Inc. (NYSE:EOG – Free Report) by 1.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 271,092 shares of the energy exploration company’s stock after purchasing an additional 4,895 shares during the period. EOG Resources makes up about 1.4% of Rockland Trust Co.’s investment portfolio, making the stock its 20th largest position. Rockland Trust Co. owned approximately 0.05% of EOG Resources worth $35,169,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Concurrent Investment Advisors LLC increased its position in shares of EOG Resources by 66.4% in the 4th quarter. Concurrent Investment Advisors LLC now owns 19,745 shares of the energy exploration company’s stock worth $2,073,000 after purchasing an additional 7,877 shares during the last quarter. Ilmarinen Mutual Pension Insurance Co lifted its position in shares of EOG Resources by 39.2% during the fourth quarter. Ilmarinen Mutual Pension Insurance Co now owns 87,000 shares of the energy exploration company’s stock worth $9,136,000 after purchasing an additional 24,500 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in EOG Resources by 2.2% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,150,840 shares of the energy exploration company’s stock worth $123,451,000 after purchasing an additional 24,984 shares in the last quarter. Cumberland Partners Ltd increased its holdings in EOG Resources by 432.0% in the fourth quarter. Cumberland Partners Ltd now owns 15,470 shares of the energy exploration company’s stock valued at $1,625,000 after buying an additional 12,562 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its stake in EOG Resources by 8.8% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 309,888 shares of the energy exploration company’s stock valued at $32,541,000 after buying an additional 24,960 shares in the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research analysts have recently commented on EOG shares. Susquehanna reiterated a “positive” rating and issued a $170.00 target price (up from $166.00) on shares of EOG Resources in a research report on Tuesday, July 21st. Morgan Stanley decreased their price objective on shares of EOG Resources from $160.00 to $156.00 and set an “equal weight” rating for the company in a report on Friday, June 26th. Capital One Financial dropped their target price on shares of EOG Resources from $161.00 to $159.00 and set an “overweight” rating on the stock in a report on Wednesday, June 3rd. Sanford C. Bernstein reduced their price target on shares of EOG Resources from $167.00 to $155.00 and set a “market perform” rating on the stock in a research report on Wednesday, May 20th. Finally, Freedom Capital lowered shares of EOG Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seventeen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, EOG Resources presently has a consensus rating of “Hold” and a consensus price target of $156.32.
EOG Resources Trading Down 1.2%
NYSE:EOG opened at $134.61 on Friday. The stock has a market cap of $70.60 billion, a price-to-earnings ratio of 10.48 and a beta of 0.25. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.53 and a current ratio of 1.85. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year high of $151.87. The business has a fifty day moving average of $137.23 and a 200-day moving average of $132.37.
EOG Resources (NYSE:EOG – Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share for the quarter, beating analysts’ consensus estimates of $4.97 by $0.10. The business had revenue of $8.62 billion for the quarter, compared to analysts’ expectations of $8.04 billion. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The company’s revenue was up 57.4% on a year-over-year basis. During the same period in the previous year, the business earned $2.32 earnings per share. Equities analysts predict that EOG Resources, Inc. will post 16.3 earnings per share for the current year.
EOG Resources Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 16th will be issued a $1.02 dividend. The ex-dividend date is Friday, October 16th. This represents a $4.08 annualized dividend and a dividend yield of 3.0%. EOG Resources’s dividend payout ratio (DPR) is 40.16%.
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.
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