EOG Resources, Inc. (NYSE:EOG) Stake Increased by Yacktman Asset Management LP

Yacktman Asset Management LP raised its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 4.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,789,433 shares of the energy exploration company’s stock after acquiring an additional 82,302 shares during the quarter. EOG Resources makes up 2.0% of Yacktman Asset Management LP’s portfolio, making the stock its 19th biggest position. Yacktman Asset Management LP’s holdings in EOG Resources were worth $216,432,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in the stock. McIlrath & Eck LLC increased its holdings in shares of EOG Resources by 77.6% during the third quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company’s stock valued at $30,000 after purchasing an additional 104 shares during the period. Peoples Bank KS bought a new stake in shares of EOG Resources during the 3rd quarter worth about $31,000. Exchange Traded Concepts LLC lifted its stake in shares of EOG Resources by 530.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock worth $30,000 after acquiring an additional 212 shares during the period. Hall Laurie J Trustee acquired a new position in shares of EOG Resources during the fourth quarter valued at approximately $36,000. Finally, Keener Financial Planning LLC bought a new stake in EOG Resources during the fourth quarter worth approximately $36,000. 89.91% of the stock is currently owned by institutional investors.

EOG Resources Stock Up 0.6 %

EOG Resources stock traded up $0.83 during trading hours on Friday, hitting $136.19. The company had a trading volume of 1,046,617 shares, compared to its average volume of 3,347,219. The firm’s fifty day moving average is $125.26 and its 200-day moving average is $122.45. The firm has a market capitalization of $78.34 billion, a P/E ratio of 10.41 and a beta of 1.40. EOG Resources, Inc. has a fifty-two week low of $106.32 and a fifty-two week high of $139.67. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.44 and a quick ratio of 2.13.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.14 by ($0.07). EOG Resources had a return on equity of 25.38% and a net margin of 31.40%. The firm had revenue of $6.36 billion for the quarter, compared to analysts’ expectations of $6.18 billion. During the same quarter in the prior year, the business posted $3.30 earnings per share. EOG Resources’s revenue was down 5.4% on a year-over-year basis. On average, research analysts forecast that EOG Resources, Inc. will post 12.29 earnings per share for the current year.

EOG Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be issued a $0.91 dividend. The ex-dividend date is Monday, April 15th. This represents a $3.64 dividend on an annualized basis and a yield of 2.67%. EOG Resources’s dividend payout ratio is currently 27.98%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on EOG. Royal Bank of Canada reiterated a “sector perform” rating and set a $145.00 price target on shares of EOG Resources in a research report on Tuesday, April 9th. Susquehanna boosted their price target on shares of EOG Resources from $147.00 to $155.00 and gave the stock a “positive” rating in a research report on Monday. KeyCorp raised their price objective on shares of EOG Resources from $147.00 to $157.00 and gave the company an “overweight” rating in a research report on Monday. Scotiabank downgraded shares of EOG Resources from a “sector outperform” rating to a “sector perform” rating and boosted their target price for the stock from $135.00 to $155.00 in a report on Thursday, April 11th. Finally, Barclays initiated coverage on shares of EOG Resources in a research report on Wednesday, April 10th. They issued an “equal weight” rating and a $144.00 price target on the stock. Twelve analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $142.19.

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.