Vinva Investment Management Ltd Boosts Holdings in EOG Resources, Inc. $EOG

Vinva Investment Management Ltd raised its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 13.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 88,605 shares of the energy exploration company’s stock after acquiring an additional 10,503 shares during the quarter. Vinva Investment Management Ltd’s holdings in EOG Resources were worth $10,043,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Alliancebernstein L.P. increased its holdings in EOG Resources by 4.2% in the 2nd quarter. Alliancebernstein L.P. now owns 6,159,281 shares of the energy exploration company’s stock valued at $736,712,000 after acquiring an additional 249,984 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of EOG Resources by 6.1% in the third quarter. Dimensional Fund Advisors LP now owns 5,972,687 shares of the energy exploration company’s stock worth $669,727,000 after purchasing an additional 344,291 shares during the last quarter. Invesco Ltd. lifted its position in shares of EOG Resources by 7.0% in the second quarter. Invesco Ltd. now owns 4,494,503 shares of the energy exploration company’s stock worth $537,588,000 after buying an additional 294,641 shares in the last quarter. First Trust Advisors LP boosted its stake in EOG Resources by 64.1% during the second quarter. First Trust Advisors LP now owns 3,728,128 shares of the energy exploration company’s stock valued at $445,921,000 after buying an additional 1,456,928 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in EOG Resources by 6.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,899,816 shares of the energy exploration company’s stock valued at $322,663,000 after buying an additional 184,387 shares during the last quarter. Institutional investors own 89.91% of the company’s stock.

Analysts Set New Price Targets

EOG has been the topic of a number of research reports. Zacks Research raised EOG Resources from a “strong sell” rating to a “hold” rating in a research note on Monday, March 2nd. Scotiabank set a $123.00 price objective on EOG Resources and gave the company a “sector perform” rating in a research report on Friday, January 16th. BMO Capital Markets lifted their target price on EOG Resources from $120.00 to $140.00 and gave the stock an “outperform” rating in a report on Tuesday, March 3rd. JPMorgan Chase & Co. boosted their target price on EOG Resources from $115.00 to $125.00 and gave the company a “neutral” rating in a research report on Thursday, February 26th. Finally, The Goldman Sachs Group lowered their price target on EOG Resources from $125.00 to $123.00 and set a “neutral” rating for the company in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seventeen have issued a Hold rating to the stock. According to data from MarketBeat.com, EOG Resources presently has a consensus rating of “Hold” and an average price target of $135.31.

Insider Buying and Selling

In other EOG Resources news, COO Jeffrey R. Leitzell sold 2,000 shares of the company’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $125.00, for a total value of $250,000.00. Following the transaction, the chief operating officer owned 61,481 shares of the company’s stock, valued at $7,685,125. This represents a 3.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last 90 days, insiders sold 7,774 shares of company stock valued at $945,895. Corporate insiders own 0.13% of the company’s stock.

EOG Resources Stock Performance

EOG Resources stock opened at $131.74 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.63 and a quick ratio of 1.42. The firm has a market capitalization of $70.68 billion, a P/E ratio of 14.46 and a beta of 0.44. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $134.00. The company’s 50-day moving average is $113.78 and its 200 day moving average is $112.08.

EOG Resources (NYSE:EOG) last announced its earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.07. The business had revenue of $5.64 billion during the quarter, compared to analyst estimates of $5.36 billion. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.The company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.74 earnings per share. Research analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 16th will be issued a dividend of $1.02 per share. The ex-dividend date is Thursday, April 16th. This represents a $4.08 dividend on an annualized basis and a yield of 3.1%. EOG Resources’s payout ratio is presently 44.79%.

About EOG Resources

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.