Wellington Management Group LLP Has $230.31 Million Holdings in EOG Resources, Inc. $EOG

Wellington Management Group LLP increased its position in EOG Resources, Inc. (NYSE:EOG) by 8.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,775,310 shares of the energy exploration company’s stock after acquiring an additional 137,606 shares during the quarter. Wellington Management Group LLP owned about 0.34% of EOG Resources worth $230,311,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Acumen Wealth Advisors LLC acquired a new stake in shares of EOG Resources in the fourth quarter valued at about $25,000. SJS Investment Consulting Inc. lifted its position in shares of EOG Resources by 225.5% during the 1st quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock worth $26,000 after purchasing an additional 124 shares during the last quarter. Prosperity Bancshares Inc bought a new stake in EOG Resources during the 4th quarter valued at approximately $26,000. Nemes Rush Group LLC acquired a new stake in EOG Resources in the 4th quarter valued at approximately $30,000. Finally, Financial Life Planners acquired a new stake in EOG Resources in the 1st quarter valued at approximately $30,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on EOG. Wall Street Zen downgraded EOG Resources from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Sanford C. Bernstein lowered their price objective on shares of EOG Resources from $167.00 to $155.00 and set a “market perform” rating on the stock in a research note on Wednesday, May 20th. Jefferies Financial Group restated a “buy” rating and issued a $175.00 price objective (up from $170.00) on shares of EOG Resources in a research note on Thursday, July 2nd. UBS Group dropped their target price on shares of EOG Resources from $168.00 to $158.00 and set a “buy” rating on the stock in a research report on Thursday, July 2nd. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $151.00 target price (up from $127.00) on shares of EOG Resources in a research note on Monday, August 24th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seventeen have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $156.33.

Insiders Place Their Bets

In other EOG Resources news, CEO Ezra Y. Yacob sold 35,942 shares of EOG Resources stock in a transaction on Monday, August 24th. The shares were sold at an average price of $152.10, for a total transaction of $5,466,778.20. Following the sale, the chief executive officer owned 242,451 shares in the company, valued at $36,876,797.10. The trade was a 12.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.14% of the stock is owned by corporate insiders.

EOG Resources Trading Up 0.1%

Shares of EOG opened at $143.53 on Monday. The stock’s 50-day moving average price is $140.20 and its 200 day moving average price is $136.35. The company has a quick ratio of 1.68, a current ratio of 1.85 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $75.29 billion, a price-to-earnings ratio of 11.17, a P/E/G ratio of 0.53 and a beta of 0.25. EOG Resources, Inc. has a 12-month low of $101.59 and a 12-month high of $153.67.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share for the quarter, topping the consensus estimate of $4.97 by $0.10. The company had revenue of $8.62 billion for the quarter, compared to analyst estimates of $8.04 billion. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%.EOG Resources’s revenue for the quarter was up 57.4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.32 EPS. As a group, research analysts predict that EOG Resources, Inc. will post 16.87 earnings per share for the current year.

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 16th will be given a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Friday, October 16th. EOG Resources’s dividend payout ratio (DPR) is 31.75%.

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.