Vaughan David Investments LLC IL Grows Position in EOG Resources, Inc. (NYSE:EOG)

Vaughan David Investments LLC IL raised its stake in shares of EOG Resources, Inc. (NYSE:EOGFree Report) by 1.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 290,981 shares of the energy exploration company’s stock after buying an additional 2,897 shares during the quarter. Vaughan David Investments LLC IL’s holdings in EOG Resources were worth $35,194,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in EOG. Tejara Capital Ltd purchased a new position in EOG Resources during the fourth quarter valued at $106,000. Charles Schwab Investment Management Inc. raised its stake in EOG Resources by 196.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 9,859,925 shares of the energy exploration company’s stock valued at $1,175,599,000 after buying an additional 6,529,464 shares during the last quarter. Morgan Stanley raised its stake in EOG Resources by 87.8% during the fourth quarter. Morgan Stanley now owns 7,787,281 shares of the energy exploration company’s stock valued at $1,008,609,000 after buying an additional 3,641,504 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its stake in EOG Resources by 126.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,111,339 shares of the energy exploration company’s stock valued at $662,021,000 after buying an additional 2,851,839 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC raised its stake in EOG Resources by 103,083.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 2,272,097 shares of the energy exploration company’s stock valued at $294,282,000 after buying an additional 2,269,895 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Morgan Stanley lifted their target price on EOG Resources from $131.00 to $132.00 and gave the stock an “equal weight” rating in a report on Thursday, March 28th. JPMorgan Chase & Co. lifted their target price on EOG Resources from $134.00 to $141.00 and gave the stock a “neutral” rating in a report on Thursday, March 28th. Royal Bank of Canada reissued a “sector perform” rating and issued a $145.00 target price on shares of EOG Resources in a report on Tuesday. KeyCorp reduced their target price on EOG Resources from $157.00 to $147.00 and set an “overweight” rating for the company in a report on Thursday, January 11th. Finally, Citigroup lifted their target price on EOG Resources from $120.00 to $124.00 and gave the stock a “neutral” rating in a report on Monday, March 18th. Thirteen analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, EOG Resources currently has an average rating of “Hold” and a consensus target price of $140.76.

Check Out Our Latest Report on EOG Resources

EOG Resources Stock Performance

NYSE EOG traded down $1.94 on Friday, hitting $135.33. 2,656,068 shares of the company traded hands, compared to its average volume of 3,470,993. The company has a market capitalization of $77.84 billion, a price-to-earnings ratio of 10.51 and a beta of 1.40. The company has a current ratio of 2.44, a quick ratio of 2.13 and a debt-to-equity ratio of 0.13. The business’s 50 day moving average price is $120.87 and its 200-day moving average price is $121.80. EOG Resources, Inc. has a 52-week low of $106.32 and a 52-week high of $139.67.

EOG Resources (NYSE:EOGGet Free Report) last released its earnings results on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share for the quarter, missing the consensus estimate of $3.14 by ($0.07). EOG Resources had a net margin of 31.40% and a return on equity of 25.38%. The company had revenue of $6.36 billion for the quarter, compared to analysts’ expectations of $6.18 billion. During the same quarter last year, the firm posted $3.30 earnings per share. EOG Resources’s revenue for the quarter was down 5.4% on a year-over-year basis. Equities analysts expect that EOG Resources, Inc. will post 11.95 earnings per share for the current year.

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be given a $0.91 dividend. The ex-dividend date of this dividend is Monday, April 15th. This represents a $3.64 annualized dividend and a dividend yield of 2.69%. EOG Resources’s payout ratio is 27.98%.

EOG Resources Profile

(Free Report)

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.

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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