Boston Partners reduced its stake in EOG Resources Inc (NYSE:EOG) by 29.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,974 shares of the energy exploration company’s stock after selling 13,157 shares during the period. Boston Partners’ holdings in EOG Resources were worth $2,373,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Knuff & Co LLC bought a new position in EOG Resources in the 2nd quarter worth approximately $28,000. Quest Capital Management Inc. ADV purchased a new position in shares of EOG Resources in the third quarter worth $28,000. Tortoise Investment Management LLC bought a new position in shares of EOG Resources during the second quarter worth $34,000. Mizuho Securities Co. Ltd. bought a new stake in EOG Resources in the 2nd quarter valued at $37,000. Finally, Coastal Investment Advisors Inc. lifted its stake in EOG Resources by 147.1% in the 3rd quarter. Coastal Investment Advisors Inc. now owns 504 shares of the energy exploration company’s stock worth $37,000 after purchasing an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 85.66% of the company’s stock.
Several equities analysts have weighed in on EOG shares. Citigroup cut their price target on EOG Resources from $93.00 to $88.00 and set a “buy” rating for the company in a report on Wednesday, November 13th. ValuEngine raised shares of EOG Resources from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. KeyCorp decreased their price target on shares of EOG Resources from $110.00 to $97.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 15th. JPMorgan Chase & Co. dropped their price objective on shares of EOG Resources from $109.00 to $100.00 and set an “overweight” rating for the company in a research note on Thursday, August 29th. Finally, Raymond James decreased their target price on shares of EOG Resources from $105.00 to $90.00 and set an “outperform” rating on the stock in a research report on Thursday, October 17th. Eight equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $104.55.
EOG stock traded up $0.43 during trading on Wednesday, hitting $83.81. 1,236,187 shares of the company traded hands, compared to its average volume of 4,253,875. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.08 and a quick ratio of 0.90. The stock’s 50-day simple moving average is $74.77 and its 200 day simple moving average is $78.37. EOG Resources Inc has a 1 year low of $64.33 and a 1 year high of $107.89. The company has a market cap of $48.76 billion, a PE ratio of 15.13, a P/E/G ratio of 1.88 and a beta of 1.36.
EOG Resources (NYSE:EOG) last released its quarterly earnings data on Wednesday, November 6th. The energy exploration company reported $1.13 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.13. EOG Resources had a net margin of 16.96% and a return on equity of 13.94%. The company had revenue of $4.30 billion during the quarter, compared to analysts’ expectations of $4.38 billion. During the same quarter in the previous year, the company earned $1.75 earnings per share. The firm’s revenue for the quarter was down 10.0% on a year-over-year basis. Research analysts expect that EOG Resources Inc will post 4.71 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be given a dividend of $0.2875 per share. The ex-dividend date is Thursday, January 16th. This represents a $1.15 dividend on an annualized basis and a yield of 1.37%. EOG Resources’s dividend payout ratio is currently 20.76%.
About EOG Resources
EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company’s principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the People’s Republic of China, and Canada.