Rhumbline Advisers Reduces Holdings in EOG Resources, Inc. $EOG

Rhumbline Advisers lessened its holdings in EOG Resources, Inc. (NYSE:EOG) by 0.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,069,123 shares of the energy exploration company’s stock after selling 3,188 shares during the period. Rhumbline Advisers owned 0.20% of EOG Resources worth $127,878,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of EOG. Mufg Securities Americas Inc. lifted its stake in EOG Resources by 21.5% in the 2nd quarter. Mufg Securities Americas Inc. now owns 12,096 shares of the energy exploration company’s stock valued at $1,447,000 after buying an additional 2,140 shares in the last quarter. Journey Strategic Wealth LLC acquired a new position in shares of EOG Resources in the second quarter worth $368,000. CFC Planning Co LLC purchased a new stake in shares of EOG Resources in the second quarter valued at $2,104,000. Graham Capital Wealth Management LLC lifted its position in shares of EOG Resources by 2.4% in the second quarter. Graham Capital Wealth Management LLC now owns 25,407 shares of the energy exploration company’s stock valued at $3,039,000 after acquiring an additional 604 shares in the last quarter. Finally, Mediolanum International Funds Ltd boosted its stake in shares of EOG Resources by 29.0% during the second quarter. Mediolanum International Funds Ltd now owns 152,960 shares of the energy exploration company’s stock valued at $18,478,000 after acquiring an additional 34,427 shares during the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

EOG Resources Stock Up 0.9%

Shares of NYSE:EOG opened at $106.98 on Friday. The stock has a 50-day simple moving average of $109.93 and a 200-day simple moving average of $115.37. The stock has a market capitalization of $58.05 billion, a P/E ratio of 10.40, a PEG ratio of 8.20 and a beta of 0.72. EOG Resources, Inc. has a 1 year low of $102.52 and a 1 year high of $138.18. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.61 and a current ratio of 1.79.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.29. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The firm had revenue of $5.85 billion for the quarter, compared to analysts’ expectations of $5.48 billion. During the same period in the previous year, the company posted $2.89 earnings per share. EOG Resources’s revenue was down 2.0% compared to the same quarter last year. Equities analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 16th will be given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Friday, January 16th. EOG Resources’s dividend payout ratio is 40.64%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on EOG. JPMorgan Chase & Co. cut their target price on shares of EOG Resources from $132.00 to $131.00 and set a “neutral” rating for the company in a research note on Wednesday, October 1st. Melius Research started coverage on shares of EOG Resources in a research report on Wednesday, August 20th. They set a “buy” rating and a $173.00 target price on the stock. Morgan Stanley boosted their price target on EOG Resources from $136.00 to $138.00 and gave the company an “equal weight” rating in a report on Thursday. Siebert Williams Shank lowered their price objective on EOG Resources from $155.00 to $145.00 and set a “buy” rating for the company in a research report on Monday, October 13th. Finally, BMO Capital Markets dropped their target price on EOG Resources from $134.00 to $130.00 in a research note on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and sixteen have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $140.33.

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.