Legal & General Group Plc Boosts Holdings in EOG Resources, Inc. $EOG

Legal & General Group Plc lifted its holdings in EOG Resources, Inc. (NYSE:EOG) by 2.1% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 3,394,236 shares of the energy exploration company’s stock after acquiring an additional 68,888 shares during the quarter. Legal & General Group Plc owned 0.62% of EOG Resources worth $380,562,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Alliancebernstein L.P. lifted its stake in EOG Resources by 4.2% in the second quarter. Alliancebernstein L.P. now owns 6,159,281 shares of the energy exploration company’s stock worth $736,712,000 after purchasing an additional 249,984 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of EOG Resources by 6.1% during the third quarter. Dimensional Fund Advisors LP now owns 5,972,687 shares of the energy exploration company’s stock valued at $669,727,000 after buying an additional 344,291 shares during the last quarter. Invesco Ltd. increased its holdings 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 during the period. First Trust Advisors LP increased its holdings in shares of EOG Resources by 64.1% in the second quarter. First Trust Advisors LP now owns 3,728,128 shares of the energy exploration company’s stock worth $445,921,000 after buying an additional 1,456,928 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of EOG Resources by 6.8% in the 3rd 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 acquiring an additional 184,387 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Insiders Place Their Bets

In related news, COO Jeffrey R. Leitzell sold 2,000 shares of EOG Resources stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $130.00, for a total value of $260,000.00. Following the sale, the chief operating officer owned 88,045 shares in the company, valued at $11,445,850. The trade was a 2.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold a total of 7,774 shares of company stock valued at $945,895 in the last quarter. Insiders own 0.13% of the company’s stock.

EOG Resources Stock Up 3.7%

Shares of NYSE:EOG opened at $132.57 on Thursday. The stock’s 50-day moving average is $115.32 and its 200 day moving average is $112.36. The company has a market cap of $71.12 billion, a PE ratio of 14.55 and a beta of 0.44. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.63 and a quick ratio of 1.42. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year high of $134.36.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.07. The business had revenue of $5.64 billion during the quarter, compared to analysts’ expectations of $5.36 billion. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.The business’s revenue was up .9% on a year-over-year basis. During the same quarter last year, the business posted $2.74 EPS. Sell-side analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

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

Wall Street Analysts Forecast Growth

EOG has been the topic of several recent research reports. KeyCorp lowered EOG Resources from an “overweight” rating to a “sector weight” rating in a research report on Friday, January 16th. Wells Fargo & Company reiterated an “overweight” rating and issued a $127.00 price objective (up from $126.00) on shares of EOG Resources in a research report on Tuesday, January 27th. Morgan Stanley set a $128.00 price objective on EOG Resources and gave the company an “equal weight” rating in a research note on Friday, January 23rd. Barclays cut their target price on shares of EOG Resources from $136.00 to $133.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 21st. Finally, Zacks Research upgraded shares of EOG Resources from a “strong sell” rating to a “hold” rating in a report on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seventeen have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $135.77.

EOG Resources 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.