Zurich Insurance Group Ltd FI boosted its position in EOG Resources Inc (NYSE:EOG) by 4.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,615 shares of the energy exploration company’s stock after buying an additional 4,610 shares during the quarter. Zurich Insurance Group Ltd FI’s holdings in EOG Resources were worth $10,957,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of EOG. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in EOG Resources by 100.1% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 12,253,340 shares of the energy exploration company’s stock worth $1,141,521,000 after buying an additional 6,128,570 shares in the last quarter. BlackRock Inc. boosted its stake in EOG Resources by 3.5% in the second quarter. BlackRock Inc. now owns 35,712,596 shares of the energy exploration company’s stock worth $3,326,986,000 after buying an additional 1,201,811 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of EOG Resources by 60.9% during the second quarter. Janus Henderson Group PLC now owns 2,734,872 shares of the energy exploration company’s stock valued at $254,785,000 after purchasing an additional 1,035,252 shares during the period. Balyasny Asset Management LLC boosted its stake in shares of EOG Resources by 1,149.6% during the second quarter. Balyasny Asset Management LLC now owns 875,021 shares of the energy exploration company’s stock valued at $81,517,000 after purchasing an additional 804,996 shares during the period. Finally, USS Investment Management Ltd boosted its stake in shares of EOG Resources by 41.9% during the second quarter. USS Investment Management Ltd now owns 1,907,272 shares of the energy exploration company’s stock valued at $177,729,000 after purchasing an additional 563,156 shares during the period. 86.51% of the stock is owned by institutional investors and hedge funds.

Shares of EOG Resources stock traded down $0.61 during midday trading on Friday, reaching $81.00. 3,967,561 shares of the company’s stock traded hands, compared to its average volume of 3,855,639. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.83 and a current ratio of 1.02. The company has a market cap of $47.22 billion, a PE ratio of 14.62, a price-to-earnings-growth ratio of 1.87 and a beta of 1.36. The stock has a 50 day moving average of $77.40 and a 200-day moving average of $88.17. EOG Resources Inc has a 12 month low of $70.83 and a 12 month high of $133.53.

EOG Resources (NYSE:EOG) last announced its earnings results on Thursday, August 1st. The energy exploration company reported $1.31 EPS for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.02). The business had revenue of $4.70 billion for the quarter, compared to the consensus estimate of $4.41 billion. EOG Resources had a net margin of 19.69% and a return on equity of 16.25%. EOG Resources’s revenue was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.37 EPS. On average, equities analysts anticipate that EOG Resources Inc will post 5 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 17th will be issued a dividend of $0.2875 per share. The ex-dividend date is Wednesday, October 16th. This represents a $1.15 dividend on an annualized basis and a dividend yield of 1.42%. EOG Resources’s dividend payout ratio is presently 20.76%.

A number of analysts have recently weighed in on EOG shares. Piper Jaffray Companies set a $111.00 price objective on EOG Resources and gave the company a “buy” rating in a research note on Friday, August 16th. Guggenheim set a $108.00 price objective on EOG Resources and gave the company a “buy” rating in a research note on Wednesday, August 21st. Morgan Stanley dropped their price objective on EOG Resources from $101.00 to $97.00 and set an “equal weight” rating for the company in a research note on Friday, July 12th. Raymond James reissued a “buy” rating and set a $102.00 price objective on shares of EOG Resources in a research note on Thursday, August 22nd. Finally, Citigroup dropped their price objective on EOG Resources from $120.00 to $116.00 and set a “buy” rating for the company in a research note on Tuesday, August 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-one have given a buy rating to the stock. EOG Resources has a consensus rating of “Buy” and an average target price of $112.76.

About EOG Resources

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the People's Republic of China, and Canada.

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

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