EOG Resources, Inc. (NYSE:EOG) Position Boosted by Heartland Advisors Inc.

Heartland Advisors Inc. grew its stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 9.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 117,237 shares of the energy exploration company's stock after purchasing an additional 10,413 shares during the quarter. Heartland Advisors Inc.'s holdings in EOG Resources were worth $14,371,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of EOG. Charles Schwab Investment Management Inc. lifted its position in EOG Resources by 4.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 18,192,314 shares of the energy exploration company's stock valued at $2,230,014,000 after acquiring an additional 781,282 shares during the last quarter. Geode Capital Management LLC lifted its stake in EOG Resources by 1.5% in the third quarter. Geode Capital Management LLC now owns 12,315,735 shares of the energy exploration company's stock valued at $1,513,446,000 after buying an additional 180,755 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of EOG Resources by 64.7% in the third quarter. Franklin Resources Inc. now owns 5,284,228 shares of the energy exploration company's stock valued at $694,717,000 after acquiring an additional 2,076,134 shares during the period. Pacer Advisors Inc. increased its holdings in shares of EOG Resources by 5.0% in the 4th quarter. Pacer Advisors Inc. now owns 4,469,142 shares of the energy exploration company's stock valued at $547,827,000 after acquiring an additional 214,497 shares during the period. Finally, Wealthfront Advisers LLC boosted its stake in EOG Resources by 4,642.2% during the 4th quarter. Wealthfront Advisers LLC now owns 2,852,238 shares of the energy exploration company's stock worth $349,627,000 after purchasing an additional 2,792,092 shares during the period. Hedge funds and other institutional investors own 89.91% of the company's stock.

Remove Ads

EOG Resources Stock Up 0.2 %

NYSE EOG traded up $0.27 on Tuesday, hitting $128.51. 559,748 shares of the stock traded hands, compared to its average volume of 3,093,481. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The stock has a 50-day moving average of $128.06 and a 200 day moving average of $127.85. EOG Resources, Inc. has a twelve month low of $115.78 and a twelve month high of $139.67. The company has a market capitalization of $71.18 billion, a P/E ratio of 10.36, a price-to-earnings-growth ratio of 3.58 and a beta of 1.25.

EOG Resources (NYSE:EOG - Get Free Report) last posted its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.55 by $0.19. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The company had revenue of $5.59 billion for the quarter, compared to the consensus estimate of $5.96 billion. As a group, analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be issued a dividend of $0.975 per share. This represents a $3.90 annualized dividend and a dividend yield of 3.03%. The ex-dividend date is Wednesday, April 16th. EOG Resources's dividend payout ratio (DPR) is 34.73%.

Wall Street Analyst Weigh In

EOG has been the topic of a number of research analyst reports. Raymond James boosted their price objective on shares of EOG Resources from $167.00 to $175.00 and gave the stock a "strong-buy" rating in a report on Thursday, January 23rd. UBS Group reduced their price objective on EOG Resources from $165.00 to $160.00 and set a "buy" rating on the stock in a research report on Tuesday, March 4th. Wolfe Research upgraded EOG Resources from a "peer perform" rating to an "outperform" rating and set a $143.00 price objective for the company in a research report on Friday, January 3rd. Morgan Stanley reduced their target price on shares of EOG Resources from $142.00 to $136.00 and set an "equal weight" rating on the stock in a report on Thursday, March 27th. Finally, Williams Trading set a $154.00 price target on shares of EOG Resources in a report on Wednesday, March 5th. Thirteen investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $144.67.

About EOG Resources

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.