Heartland Advisors Inc. Buys 7,972 Shares of EOG Resources, Inc. $EOG

Heartland Advisors Inc. raised its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 5.5% in the 4th quarter, HoldingsChannel reports. The firm owned 153,679 shares of the energy exploration company’s stock after purchasing an additional 7,972 shares during the period. Heartland Advisors Inc.’s holdings in EOG Resources were worth $16,138,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Legal & General Group Plc raised its stake in shares of EOG Resources by 2.1% during the third quarter. Legal & General Group Plc now owns 3,394,236 shares of the energy exploration company’s stock worth $380,562,000 after acquiring an additional 68,888 shares in the last quarter. Concurrent Investment Advisors LLC raised its stake in shares of EOG Resources by 66.4% during the fourth quarter. Concurrent Investment Advisors LLC now owns 19,745 shares of the energy exploration company’s stock worth $2,073,000 after acquiring an additional 7,877 shares in the last quarter. L2 Asset Management LLC raised its stake in shares of EOG Resources by 69.6% during the third quarter. L2 Asset Management LLC now owns 19,355 shares of the energy exploration company’s stock worth $2,170,000 after acquiring an additional 7,940 shares in the last quarter. Alberta Investment Management Corp raised its stake in shares of EOG Resources by 254.5% during the third quarter. Alberta Investment Management Corp now owns 19,500 shares of the energy exploration company’s stock worth $2,186,000 after acquiring an additional 14,000 shares in the last quarter. Finally, Fiera Capital Corp raised its stake in shares of EOG Resources by 20.7% during the third quarter. Fiera Capital Corp now owns 68,635 shares of the energy exploration company’s stock worth $7,695,000 after acquiring an additional 11,774 shares in the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other EOG Resources news, CFO Ann D. Janssen sold 4,161 shares of the business’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $140.04, for a total transaction of $582,706.44. Following the transaction, the chief financial officer directly owned 100,246 shares of the company’s stock, valued at approximately $14,038,449.84. The trade was a 3.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jeffrey R. Leitzell sold 5,698 shares of the business’s stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total transaction of $856,523.36. Following the transaction, the chief operating officer directly owned 88,045 shares in the company, valued at approximately $13,234,924.40. The trade was a 6.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.14% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Barclays lifted their target price on shares of EOG Resources from $140.00 to $153.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 26th. Wells Fargo & Company set a $196.00 target price on shares of EOG Resources and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. Wall Street Zen raised shares of EOG Resources from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. UBS Group lifted their target price on shares of EOG Resources from $141.00 to $149.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Finally, Citigroup reaffirmed a “neutral” rating and issued a $147.00 target price (up from $142.00) on shares of EOG Resources in a research note on Wednesday, May 20th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and sixteen have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $156.32.

EOG Resources Stock Up 2.3%

Shares of EOG Resources stock opened at $140.54 on Thursday. The company has a current ratio of 1.72, a quick ratio of 1.53 and a debt-to-equity ratio of 0.26. The company’s fifty day simple moving average is $137.28 and its two-hundred day simple moving average is $123.58. The company has a market cap of $74.85 billion, a P/E ratio of 13.83 and a beta of 0.25. EOG Resources, Inc. has a 12-month low of $101.59 and a 12-month high of $151.87.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.23 by $0.18. The business had revenue of $6.92 billion for the quarter, compared to the consensus estimate of $6.18 billion. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The company’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.87 EPS. Research analysts anticipate that EOG Resources, Inc. will post 16.63 EPS for the current year.

EOG Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Friday, July 17th. EOG Resources’s payout ratio is presently 40.16%.

EOG Resources Company Profile

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.