Vaughan Nelson Investment Management L.P. Acquires 12,795 Shares of EOG Resources, Inc. $EOG

Vaughan Nelson Investment Management L.P. increased its holdings in EOG Resources, Inc. (NYSE:EOGFree Report) by 70.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,070 shares of the energy exploration company’s stock after purchasing an additional 12,795 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in EOG Resources were worth $3,263,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. First Trust Advisors LP grew its holdings in EOG Resources by 64.1% during the 2nd 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 in the last quarter. Capital World Investors boosted its position in shares of EOG Resources by 1.4% during the third quarter. Capital World Investors now owns 54,907,949 shares of the energy exploration company’s stock worth $6,156,495,000 after acquiring an additional 782,426 shares during the last quarter. Qube Research & Technologies Ltd bought a new position in shares of EOG Resources during the third quarter worth $87,193,000. TD Asset Management Inc grew its stake in EOG Resources by 288.1% during the third quarter. TD Asset Management Inc now owns 892,482 shares of the energy exploration company’s stock valued at $100,065,000 after acquiring an additional 662,539 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in EOG Resources by 140.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,102,999 shares of the energy exploration company’s stock valued at $115,826,000 after acquiring an additional 644,569 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, COO Jeffrey R. Leitzell sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $125.00, for a total transaction of $250,000.00. Following the transaction, the chief operating officer owned 61,481 shares of the company’s stock, valued at approximately $7,685,125. The trade was a 3.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Ann D. Janssen sold 4,161 shares of the stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $140.04, for a total value of $582,706.44. Following the sale, the chief financial officer owned 100,246 shares in the company, valued at $14,038,449.84. The trade was a 3.99% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 12,532 shares of company stock valued at $1,666,045. Company insiders own 0.13% of the company’s stock.

EOG Resources Stock Performance

EOG Resources stock opened at $144.38 on Wednesday. The company’s 50-day moving average price is $124.99 and its 200-day moving average price is $114.21. The company has a quick ratio of 1.42, a current ratio of 1.63 and a debt-to-equity ratio of 0.27. The company has a market cap of $77.35 billion, a PE ratio of 15.85, a price-to-earnings-growth ratio of 3.12 and a beta of 0.44. EOG Resources, Inc. has a twelve month low of $101.59 and a twelve month high of $151.87.

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

EOG Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th will be issued a $1.02 dividend. The ex-dividend date is Thursday, April 16th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.8%. EOG Resources’s payout ratio is 44.79%.

More EOG Resources News

Here are the key news stories impacting EOG Resources this week:

Analysts Set New Price Targets

Several analysts have commented on the stock. Morgan Stanley boosted their price target on shares of EOG Resources from $128.00 to $155.00 and gave the stock an “equal weight” rating in a research note on Friday, March 27th. Scotiabank raised EOG Resources to a “hold” rating in a report on Friday, March 27th. Barclays boosted their target price on EOG Resources from $133.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Monday, March 16th. BMO Capital Markets increased their price target on EOG Resources from $120.00 to $140.00 and gave the company an “outperform” rating in a research note on Tuesday, March 3rd. Finally, Jefferies Financial Group lifted their price objective on EOG Resources from $140.00 to $146.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eighteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $140.81.

Read Our Latest Analysis on EOG

EOG Resources Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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